Justice Ayo Emmanuel of a Federal High Court, Ibadan, on Tuesday remanded six officials of the Central Bank of Nigeria arraigned for stealing and circulating mutilated Naira notes meant for destruction by the apex bank.

The six Patience Okoro, Afolabi Johnson, Ilori Sunday, Kolawole Babalola, Olaniran Adeola and Fatai Yusuf were arraigned by the Economic and Financial Crimes Commission, charged for conspiracy, diversion and stealing of mutilated naira notes worth N8bn.

They were also accused of replacing the mutilated currencies with cut-to-size newspapers and converting the money to their personal use.

Others charged alongside the CBN officials were Kayode Philips, Salami Ibrahim and Odiah Emmanuel. They were charged with conspiracy with other officials of CBN and other banks.
Counsels for the accused persons made oral applications for bail but the judge refused the applications and ordered that the accused be remanded in the EFCC office or at the Criminal Investigation Department, Iyaganku Police Division, Ibadan.

Continue reading; http://www.blacksatino.com/2015/06/shameful-court-surmons-six-cbn.html