A Federal High Court in Ibadan on Friday ordered the Economic and Financial Crimes Commission to produce the 106 boxes containing the N900m allegedly stolen by two workers of Zenith Bank PLC.

NAN reports that the EFCC charged Bolade Ajuwan and Samuel Ogbiede alongside six Central Bank of Nigeria officials.

Specifically, the apex bank employees were alleged to have compromised the CBN’s briquette exercise by stealing huge mutilated higher denomination currencies meant to be exchanged for new notes.

The other bank workers allegedly acted as accomplices to the crime and also helped themselves to a sizeable part of the money.

When the charges were read to them, they pleaded not guilty.

Justice P.I. Ajoku of the Federal High Court gave the order after an EFCC witness, Saliu Kadir, testified alongside two CBN officials; Kolawole Babalola and Muniru Olaniran.

The EFCC said the 106 boxes contained interleaves and lower denominations such as N100, N50, N20 and even ordinary papers.

The judge adjourned the case till December 2 and December 3, 2019 for continuation of trial.

Source https://www.google.com/amp/s/punchng.com/court-orders-efcc-to-produce-106-boxes-containing-stolen-money/amp/

Gbagam...Even all the ones that were recovered before and the ones stollen by animals We don't even know how those ones take go.

Yet.. Federal government can't fix up Minimum wage for workers.

This country matter just tire me

It's snake that changes them



N900m Cash In EFCC Custody Disappears, Papers Found Instead In The Boxes.

Are they saving it?

they want to save since the bank failed to do it

Good!! They should produce everything patapata!!
All the ones they recovered from politicians too

Story... Money wey don enta voicemail

Hmm! Naija don tire Naija o

No be bushmeat want catch the hunter so?

Gbam Bush meat don catch hunter Abeg make Mr Magen come talk him own

Ok

d hunter is now being hunted.

Sure, Evidence must be brought to the Court

This is a very common crime among CBN staff.

They collude with bank officials to swap torn, mutilated and bad money penciled for destruction with paper.

The paper is later destroyed in place of the bad currencies while CBN replaces the bad currencies with new ones.

Nigeria loses massively through this fraud.

In this case, the 900 million that is supposed to be destroyed is returned to circulation.

At the same time, CBN would have given Zenith bank another 900 million.

So, we now have 1.8 billion in circulation instead of 900 million.

That is corporate money doubling

Such act causes inflation, which worsens when the CBN and bank staff re-swaps the bad notes for paper.

Only heaven knows since when they have been swapping this.

This will be the last time we are going to hear about this news again, nothing more after the so called judge received his own box too,, useless country, everything buhari,,,,buhari is trying his best but the stupid cabals are the problem I swear

Fraudulent rogues

Waste of time. Court orders are not obeyed in this administration

There is always a way they operate...they are in Ado right now raiding...they will pick some innocent youths dat suffered to have their own businesses...Arrest them, collect all their properties, sell dem off and use d money to replace the 900M in question here.... EFCC are d biggest Armed Robbers i have ever known

OK

This will be interesting

One of the most corrupt, rogue and non transparent government organisation in Nigerian. Criminals

Evidence kwa.is it not this same Nigeria? We shall see...... Court order is for us the poor and the middle class, them at the top don't fear court orders

Kikiki

Must you comment in every post? I don't want to see your crappy name on my screen again please

PureGoldh:
Gbagam...Even all the ones that were recovered before and the ones stollen by animals We don't even know how those ones take go.

Yet.. Federal government can't fix up Minimum wage for workers.

This country matter just tire me

Court gan one chop him own if matter don dey reach like this EFCC no settle be dah