Although we reported yesterday that Soludo was arrested,but he has come out to deny it.Former Governor of the Central Bank (CBN), Prof. Chukwuma 
Soludo, has denied reports that he was arrested by the Economic and 
Financial Crimes Commission (EFCC) on Thursday, insisting that rather, 
he was invited by the agency to make clarifications on some issues on a 
matter under investigation.
However, a source at the commission 
said Soludo was granted administrative bail and was allowed to go home, 
having been grilled for several hours by the commission’s team of 
investigators.
The source said his international and diplomatic 
passports were seized after he had produced two sureties at the level of
 Permanent Secretaries or Directors.
The source added: “But that is not the end because he is also expected back for further interrogation.
“I
 don’t have much details on the other 12 ex-staff of CBN and the 
Nigerian Security Printing and Minting Company who were linked with the 
scam; it is not as if the suspects are here.
“But a number of them
 have been questioned over time and they are both from NSPMC and CBN, it
 is not as if they are in our station at the moment.”
But a close 
aide of Soludo denied that his passports were seized or that he was 
granted any administrative bail, or that he provided any sureties.
A
 statement by his media office Friday said the former CBN Governor 
voluntarily went to the EFCC office to honour the commission’s 
invitation.
The statement signed by Bonaventure Melah said Soludo 
was neither arrested nor escorted to EFCC office by operatives of the 
commission as was reported.
“We want to put it on record clearly 
that the media reports that Professor Chukwuma Soludo was arrested by 
the operatives of the EFCC in Abuja is totally false or to say the least
 written in error.
“The fact of the matter is that the EFCC wrote a
 letter to Prof. Soludo inviting him to their Abuja office on the 10th 
of January 2013. EFCC’s invitation letter to Prof. Soludo was dated 20th
 December 2012.
“Soludo was abroad attending to several 
international engagements when the letter was sent to his aides. As a 
law-abiding citizen of the country, Soludo returned to Nigeria in the 
New Year and honoured EFCC invitation on January 10th as requested.
“He
 voluntarily went from his home to EFCC office on Thursday. He was 
neither arrested nor escorted by any operative of the Commission.
“The
 EFCC letter of invitation to Soludo states that: ‘This Commission is 
investigating a case in which the need to obtain certain clarifications 
from you has become imperative.’
“It was a two-paragraph letter 
which also indicated date and time for the meeting between Prof. Soludo 
and officials of the Commission,” the statement added.
The 
Guardian yesterday learnt that Soludo alongside others were quizzed by 
the anti-graft agency on the processes adopted in handling the contract 
and not on any alleged bribery.
A top official of the anti-graft 
agency, who pleaded anonymity, disclosed that the issues of alleged 
contract bribery did not come up during the interrogations, rather the 
agency was looking at the processes adopted in awarding the contract.
According to the official, Soludo made some clarifications on the issue on Thursday and was allowed to go home.
On
 how contract for currency adoption or printing is being awarded, a top 
official of the apex bank said that the first step is for the President 
to give approval, after which CBN gives the job to the Nigerian Minting 
and Printing Company or any other printing company. The minting and 
printing company will now source for polymer from Securency.
“CBN 
does not award contract for such job nor has any direct contractual 
arrangement with Securency. So there should be no link between CBN and 
the Australian polymer company’, the official said.
The decision 
to look into the polymer deal was triggered by a petition by Human and 
Environmental Development Agenda, headed by Olanrewaju Suraju, demanding
 the investigation and possible prosecution of those involved in the 
alleged contract scam.
Sources also indicated that other top 
management staff of the CBN who had worked during Soludo’s tenure were 
also picked and are currently being held alongside other ex-staff of the
 Nigerian Security Printing and Minting Company.
However, all 
efforts to get the identity of other detained suspects proved abortive, 
as no one was willing to volunteer information. Sources also stated that
 the commission had been conducting discreet investigations on the 
contract scam before Soludo’s eventual invitation, adding that as a 
prelude, several officials of the NSMPC and the CBN had been quizzed.
Ahead
 of the 2010 Anambra governorship election in which Soludo contested as 
the governorship candidate of the PDP after a protracted legal battle 
that terminated at the apex court three day to the election, the issue 
of the alleged polymer note bribery allegation was levelled against 
Soludo by some of his political opponents. This followed a report by an 
Australian newspaper that there was a global investigation on Securency 
and its agents all over the world which revealed that the agents must 
have bribed public officials of countries that adopted polymer.
In
 an exclusive interview with The Guardian, Soludo said: “CBN under my 
leadership never awarded any contract to Securency. I was not aware and 
did not know of anybody who may have been given money for anything. I 
would be surprised if any such thing happened.”
Soludo emerged the
 PDP candidate for the election amidst opposition from some aspirants, 
but the Presidency, under the late President Umaru Musa Yar’Adua, backed
 his candidature.
Due to his ill-health, Yar’Adua left the country
 and president Jonathan took over as acting president and supervised the
 election where Soludo lost to Governor Peter Obi.