Six CBN officials remanded in Agodi Prison over N8bn currency recycling scam

0
209

Six staff of the Central Bank of Nigeria, CBN, implicated in an N8 billion defaced and mutilated currency recycling scam, have remanded in prison custody following their arraignment by the Economic and Financial Crimes Commission, EFCC.
The suspects: Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori Adekunle Sunday; Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf, were arraigned on a five -count charge bordering on conspiracy, fraud and stealing, before Justice N. Ayo Emmanuel of a Federal High Court sitting in Ibadan, Oyo State.

Specifically, the apex bank employees were alleged to have compromised the CBN’s Briquetting exercise, meant to mop up …Read More

Source:: New Mail