No fewer than six top officials of Nigeria’s Central Bank and 16 other workers of commercial banks in the country have been arrested by the Economic and Financial Crimes Commission, for a mega scam involving the sum of N8 billion.
The suspects were picked up by operatives of the anti-graft agency for stealing and putting into circulation defaced and mutilated Nigerian currency notes to the tune of N8 billion meant for destruction.
All the suspects have already been taken into EFCC custody preparatory to their arraignment at the Federal High Court, Ibadan on Tuesday, June 2. To trial will run till June 4 in a bid to speed up the prosecution of the suspects by the court.
A statement signed by the Head of Media of the EFCC, Mr. WilsonUwujaren, gave the names of the suspects as: Patience Okoro Eye( Abuja) , Afolabi Olufemi( Lagos), Kolawole Babalola( Ibadan), Olaniran Muniru Adeola(Ibadan), Fatai Yusuf, Adekunle( Head, Security, CBN, (Ibadan) and Ilori Adekunle Sunday,(Akure).
The 22 suspects who colluded with the CBN officials to commit the fraud are officials drawn from Zenith Bank, FCMB, Wema Bank, Access Bank, First Bank, Skye Bank, Ecobank and Sterling Bank.
The officials helped themselves with the mutilated N8 billion cash and burned old newspaper in place of the defaced Naira notes thereby making a mockery of the CBN rule relating to such money.
But the suspects ran out of luck when one of the bank officials petitioned the EFCC alleging on November 3, 2014 that over N6, 575, 549, 370.00 was cornered and discreetly recycled by light-fingered top executives of the CBN at the Ibadan branch.
The suspects, who were members of the Briquetting Panel, which handles the destruction of defaced notes from commercial banks, decided to play a fast one on the nation but ran into a hitch for the first time.
In banking parlance, Briquetting is disintegration and destruction of counted and audited dirty notes. By this practice, depositor banks usually take mutilated notes to the CBN in exchange for fresh notes equivalent of the amount deposited.
But while carrying out the assignment, the team were alleged to have found one of the currency boxes filled only with old newspapers rather than 20 bundles of N1000 notes.
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IT HAS BEGUN. Shey breeeze of change don dey blow fowl nyash go open.

Hmm wow that is unbelievable...

Change has just begun. Has anyone noticed that electricity has gotten better?

This is what you get when the presidency sets the right tone. EFCC knows this is not a corruption friendly regime.

Great....

No more business as usual. Them don forget say jonathan no dey for power again.

I have never prayed for a Nigerian president but I will always keep praying for Buhari.

Of his good intentions I have no doubt. I will pray for long life and good health for him. 8 YEARS of Buhari will bring sanity to Nigeria.

...now ds is wat am talkin abt!

Wow! That was quick.

wao am happy to hear that stealing is now corruption.

Sai baba

where is GEJ ? pls come beg for presidential pardon for them

thats a master plan fraud. Wahala dey o

https://www.youtube.com/watch?v=XtMkZ5WdtQg

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