He called on the CBN governor to focus on his job rather than dwelling on trivialities.
“Very Unfortunate that the banks decided to continue screwing this poor country over,” Mr Fasua said.
The group said the CBN guidelines unveil the gaming of the foreign exchange market by Deposit Money Banks.
CBN had earlier directed banks to sell their excess dollar stock to stabilise the exchange rate.
The directives are aimed at stopping the naira —now exchanging at N1520 to a dollar — from further plunging into record lows.
Over the past few months, the CBN has released various sums to clear the backlog of foreign exchange liabilities.
Mr Moghalu said the decision was logical because affected departments primarily oversee market entities in Lagos.
He quoted Mr Njodi as saying the governor’s decision followed the findings of a forensic audit into the bank’s financial activities.
The previous boards and management were dissolved on Wednesday.
Mr Moghalu decried the investigation as a media trial.
