Naijacrux News:Welcome to Naijacrux Online Forum...remember to register to enjoy much more update!!!New Updates From Naijacrux -Naijacrux Is Now Mobile Friendly - Download Our Android App On Our Forum Rules And Announcement Section.Our App Will be Live On Google Playstore And IOS Store Soon Aswell - CLICK HERE TO DOWNLOAD NAIJACRUX ANDROID APP !!! Dear Guest And Naijacrux Dedicated Members,!!! ,  You Can Now Receive Naijacrux Weekly New Post and Updates Via Email by Subscribing To Our Newsletter Using The Subscribe Button Above The Naijacrux Announcement And Discussion At The Top Home Page!!Never Miss A New Post And Updates Again.!Thank You.  !!!YOU ARE WELCOME TO NAIJACRUX INFORMATIVE LEARNING AND INTERACTIVE FORUM.This Website is an Intensive Forum of Learning We recommend you Register & Login to Enjoy much free stuffs ::>>Also remember to Update your Profile Immediately after registration. Thank you!>>>!!!!To All Advertisers And Patronizers, kindly Send Mail To [email protected] For adverts Placement. thanks!!!


Random Pagan Verse:
An ill tempered, unhappy man
Ridicules all he hears,
Makes fun of others, refusing always
To see the faults in himself

Author Topic: Central Bank of Nigeria staffs accused of currency fraud denies allegations  (Read 1049 times)

0 Members and 1 Guest are viewing this topic.

Offline mastercode (OP)

  • Global Moderator
  • Hero Member
  • *****
  • Date Registered: Jul 2014
  • Posts: 2498
  • Thanked: 8 times
  • Karma: +0/-0
    • View Profile
    • Naijacrux
Loading...

The Federal High Court in Ibadan on Wednesday ordered the remand of eight bank officials over alleged currency scam.

The Economic and Financial Crimes Commission had arraigned three CBN staff and five employees of First Bank Plc over the alleged scam.

The CBN employees are Kolawole Babalola, Olaniran Adeola and Togun Phillips while their alleged accomplices included Isiaq Akao, Ayodele Adeyemi, Oyebamiji Hakeem, Ayodeji Alase and Ajiwe Adegoke.



The commission arraigned the bank officials on a 28-count charge bordering on forgery, misrepresentation and self-enrichment before Justice A.O. Faji.

The EFCC, in the charge, said the CBN staff conspired with the First Bank employees to recycle N10 million mutilated currency notes meant to be destroyed.

Other charges preferred against the accused included amassing wealth beyond their statutory income and causing economic adversity to the Federal Republic of Nigeria.

The accused, however, pleaded not guilty.

Justice Faji ordered that the accused be remanded at the Agodi Prison in Ibadan while adjourning the matter till June 8 to hear the bail applications.

Earlier, Olayinka Bolanle, the defence counsel to the first accused person, Mr. Babalola, had made an oral bail application on behalf of his client.

The judge, however, opposed the oral application and said he preferred written application for bail.
Mr. Faji said that in view of the gravity of the offence, oral bail application would not be accepted.
He ruled that in view of the volume of evidence before him, it would be impossible for him to entertain oral bail applications from six different defence counsel.

The judge, therefore, ordered the defence counsel to file their bail applications before the close of court business for the day and serve the prosecutor who in turn should respond by June 5.

Thereafter, he ordered the remand of the accused persons in prison custody and adjourned till June 8 for the hearing of bail applications.

The anti-graft agency had on Tuesday also arraigned six CBN staff and three employees of two commercial banks on similar charges before Justice Ayo Emmanuel of the Federal High Court, Ibadan.

The two commercial banks are Sterling Bank and Eco Bank.


 

 

Former Nigeria Chief of Defence Staff hides $1 million in his wardrobe Witness

Started by newspostng

Replies: 0
Views: 1071
Last post February 22, 2017, 01:17:34 AM
by newspostng
Nigeria: CBN moves to save Naira, stops dollar auctioning

Started by internet police

Replies: 0
Views: 1292
Last post February 19, 2015, 11:58:02 AM
by internet police
CBN Nigeria orders banks to accept cheques in savings account

Started by legendguru

Replies: 0
Views: 1139
Last post August 03, 2016, 06:50:19 AM
by legendguru
CBN Nigeria - No going back on BVN Oct 31 deadline, Register now or lose account

Started by yungcrux

Replies: 0
Views: 1203
Last post October 08, 2015, 09:56:47 AM
by yungcrux
Nigeria Naira falls against dollar again

Started by lindaikeji

Replies: 0
Views: 10903
Last post June 15, 2018, 02:35:40 PM
by lindaikeji
First bank,Zenith, GTbank, Access, UBA, Diamond among Top 1000 Global Banks

Started by naij

Replies: 0
Views: 892
Last post July 05, 2017, 01:31:08 AM
by naij
Nigerian Bank workers pull out of planned nationwide strike

Started by naij

Replies: 0
Views: 712
Last post September 18, 2017, 01:15:52 PM
by naij
Nigerian Senate moves against illicit, excessive bank charges

Started by yungcrux

Replies: 0
Views: 14208
Last post October 22, 2018, 12:36:42 AM
by yungcrux
China are behind global trade slowdown - Says World Bank

Started by legendguru

Replies: 0
Views: 1081
Last post March 13, 2016, 04:46:48 PM
by legendguru
Dozie becomes new Diamond Bank?s MD as Otti resigns

Started by jchima14

Replies: 0
Views: 1171
Last post October 25, 2014, 11:57:02 AM
by jchima14