 A storm over banking malpractices blew up in 2009, with the Central Bank of Nigeria (CBN) leading investigations that led to bank closures and dismissal of directors, some of whom were arrested by the Economic and Financial Crimes Commission.Olutoyin Adepate, the ICAN registrar, said "the current crises should be fully investigated and persons found guilty sanctioned according to the laws of the nation... the larger interest of the national economy and the Nigerian people must be defended at all cost".In October 2009 Sanusi Lamido Sanusi, governor of the CBN, addressed the ICAN annual conference.