Top officials of the Nigeria Central Bank,
CBN, colluded with officials of private
banks to defraud the country of about N8
billion, an anti-graft agency has said.
The EFCC said on Sunday that it is ready to
prosecute Patience Okoro Eye, Afolabi
Olufemi, Kolawole Babalola, Olaniran
Muniru Adeola, Fatai Yusuf Adekunle, and
Ilori Adekunle Sunday, all top officials of
the Central Bank from various states, after
concluding its investigations.
Officials of private banks who colluded with
the Central Bank officials will also be
prosecuted, the EFCC spokesperson, Wilson
Uwujaren, stated in a statement.
The scam involved the “theft and
recirculation of defaced and mutilated
currencies,” the anti-graft agency stated.The
officials are set to be arraigned on Tuesday.
Read the full statement below:
EFCC To Arraign Six CBN Big Wigs,16
Others for N8billion Currency Fraud June 2
The Economic and Financial Crime
Commission, EFCC has concluded
arrangement to arraign in court, five top
executives of the Central Bank of Nigeria,
CBN, implicated in a mega scam involving
the theft and recirculation of defaced and
mutilated currencies.
The suspects drawn from various business
units of the apex bank are to be docked by
the anti-graft agency before a Federal High
Court sitting in Ibadan, Oyo State, from
Tuesday June 2, 2015 to Thursday June 4,
2015.
They include 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 remaining sixteen suspects are drawn
from various commercial banks who were
found to have conspired with the CBN
executives to swing the heist.
All the suspects who are currently in the
custody of the EFCC are now ruing the day
they literally allowed greed and craze for
materialism to be loud their sense of
judgement and responsibility, when they
elected to help themselves to tones of
defaced Naira notes.
Instead of carrying out the statutory
instruction to destroy the currency, they
substituted it with newspapers neatly cut to
Naira sizes and proceeded to recycle the
defaced and mutilated currency.
The fraud is partly to blame for the failure of
government monetary policy over the years
as currency mop up exercises by the apex
bank failed to check the inflationary
pressure on the economy.
The lid on the scam which is widely
suspected to have gone on unchecked for
years, was blown on November 3, 2014 via a
petition to the EFCC alleging that over N6,
575, 549, 370.00( Six Billion, Five Hundred
and Seventy-Five Million, Five-Hundred and
Forty-Nine Thousand, Three Hundred and
Seventy Naira) was cornered and discreetly
recycled by light manipulated top
executives of the CBN at the Ibadan branch.
The suspects, who were members of the
Briquetting Panel, plotted their way to
infamy on September 8, 2014, while
carrying out a Briquetting exercise at the
CBN Branch, Ibadan.
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.
The depositor banks in this instance are
Zenith Bank, FCMB, Wema Bank, Access
Bank, First Bank, Skye Bank, Ecobank and
Sterling Bank.
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.
A similar case, according to investigation,
had been discovered on September 22, 2014
when a box that was supposed to contain
N500 notes to the tune of N5billion was
filled with old newspapers.
Unlike in the past, this fraud could not be
swept under the carpet, as a member of the
Briquetting Panel from the Osogbo branch
blew the lid on the illicit deal. In a statement,
the informant stated that the exercise was
designed to last between August 4 and 8,
2014.
The 35-year-old, however, stated that she
discovered a strange ‘sight’ while opening
the third box on the second day of the
exercise. It was a discovery that beat her
ken.
She added that she confronted the other
members of the panel, including Eye, Head,
Briquetting Panel; Treasury Assistant;
Coordinator and Head, Security, CBN,
Ibadan, who all assured her that they would
look into it.
But she later found out that it was all a ruse.
She said she later found out that Eye not
only maintained sealed lips over the matter
but omitted it from her report.
A five-count charge awaits the suspects as
they prepare to face the wrath of the law.

38 year old Dennis Joseph has narrated how
he was divinely saved divinely from
suspected ritual attackers in Lagos recently.
His story which he shared with National
Mirror below:-


“My name is Denis Joseph. I am 38 years
old. I am from Imo state, Owerri North Local
Government Area. I was born in Port
Harcourt.
I graduated from Enugu State University of
Science and Technology, Enugu. Presently I
am into the distribution of Nestle products in
Lagos and other states of the Federation.
Recently a customer called me from Ikorodu
that he needed some products urgently and
that I should come and see him for proper
negotiation before the second day.
At about 2pm the following day, I boarded a
Siena minivan from Ojota .We were about
five in the vehicle including the driver of the
vehicle I asked them how much was the
fares and they told me it was #200.
I said it was okay since the vehicle would be
faster, I said no problem. I was in a hurry to
catch up with my appointment.
As we were going ,my spirit was very cold. I
now flashed back to what happened at
Ojota, shortly before we took off.
I discovered then that some people in an
attempt to enter the vehicle held back. they
did not enter the car.
It was unusual for my spirit to be so cold
like that if there was no eventuality or
imminent danger.
As we moved further since my spirit was not
willing and becoming uncomfortable in the
car, I told the driver,’ Oga , please stop me
here, I told them felt like continuing with the
journey, let me pay you your correct fare.
The driver responded that he could not stop
at the place they were because it was
dangerous since it was an expressway more
so because of the law enforcement agents.
I said please stop me let me get down here,
the journey meant nothing to me again but
he refused. He accelerated the speed.
I told him it is not dangerous for him to stop
and that I could see vehicles stopping and
people moving about freely and that there
was no danger in it. Before I knew what was
happening, he increased the speed.
In the process it became dawned on me that
the occupants were not normal people. So I
started struggling with them to go out.
They started saying their incantation. Their
invocation was so much that I knew it was
only God that could save me at that point
even though I believed that as a Christian, I
would not die in the hands of those people.
My escape was not possible because I was
sandwiched by two men on my sides, with
another at the back.
I started shouting in the vehicle; leave me I
want to go out. But my shout was inaudible
since the windows were closed.
Because of the way we sat there was no way
I could jump out easily.
Then I hit on the car, I hit on the other side,
all my hands got bruises in an attempt to
escape danger and death.
Blood started coming out of my hands. I
found out that they don’t want to stop as I
was shouting and screaming.
One of them said to me that why are you
proving too stubborn, don’t you see other
passengers in calm position.
I did not even mind him. All these things
happened shortly after Owode, Mile 12 area
of the state.
As I was doing that, one of them told the
driver that we better hurry up o, this guy is
proving too stubborn.
They said this guy is not the type of person
we need o, we better hurry up.
It was when they started saying this that I
discovered that they were not ordinary
people and out to harm me.
Fortunately for me and bad for them and
through divine intervention and on coming
trailer from the other side had blocked the
road and the car could not penetrate the
small opening.
The car could not bypass the big trailer so it
had to stop. I continued shouting. That was
how they stopped abruptly and I came out of
the car.
Then some Policemen and people came
round to inquire about what was happening.
I narrated everything to them and they
arrested the remaining occupants.
They started asking them why are you doing
this? The Police searched the vehicle and
found dangerous weapons, charms, knives
and all those fetish things.
Me I started thanking God for delivering me
and rescuing me from their hands left the
place. I did not follow those apprehended to
the Police.
For the fact that I came out of the vehicle
safely was okay for me. God just saved me
miraculously from those people. So I thank
Him.
Because if not God I don’t know if I could
have survived it. Those people are ritualists
because they did not even asked me for
money. They were only after my life.
My advice to people going on a journey is
for them to pray before they go out. So as to
prevent unexpected mishaps.
They also have to be careful and look well
before boarding any vehicle.
The Police too need to be in strategic places
so that they would know who is who during
the day, afternoon and at night.
Even when people are shouting or struggling
inside the car or bus, they will be able to
respond easily and follow up the vehicle.
That was what helped me and people started
to come round to help me.”he said.

The Faculty of law, University of Ilorin has
been rated the best in the country by the
Council of Legal Education based on the
cumulative performance of its students in
the 2014 Bar Final Examinations of the
Nigerian Law School.
The followed the report submitted by the ad-
hoc committee set up to assess the
performance of students at the August 2014
Bar Final Examination.
According to the report, the top five
universities in terms of law in the country
are;
1) University of Ilorin

2) University of Lagos

3) University of Ibadan

4) University of Nigeria, Nsukka
and
5) University of Uyo and Adekunle Ajasin
University, Akungba-Akoko.
It was noted that the University of Ilorin and
the University of Lagos have remained in
the top five for the past 3 years.
The Vice Chancellor of the university, Prof.
AbdulGaniyu Ambali, commended members
of staff and students and described the
achievement as a monumental feat.
According to him, the institution will not
rest until it makes it to one of the top 10
universities in the world.

According to the Registrar of the Joint
Admissions and Matriculation Board
(JAMB) , Prof. Dibu Ojerinde, the post-
UTME exams conducted by higher
institutions will soon come to an end with
the introduction of CBT Mode in UTME.
He mentioned that following the
introduction of CBT examination
malpractice as well as will be completely
eradicated with time.
Post-UTME test was introduced because of
the level of malpractice that trailed the
UTME examinations in the past.
However, the JAMB boss is of the opinion
that when examination malpractice in UTME
is completely eradicated with the
introduction of CBT there will definitely be
no need for post-UTME in higher
institutions.
He further stressed that the CBT Mode was
also introduced to prepare candidates to face
the academic challenges in higher
institutions.

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The Vice-Chancellor, Covenant University,
Ota, Ogun State, Prof. Charles Ayo, has
hinted that the school may likely reduce its
tuition fees in a bid to accommodate more
students who will want to benefit from the
quality education it offers.
Addressing a news conference on Friday
over the school’s recent Webometrics
ranking as the first in Nigeria and West
Africa and the 15th in Africa, he said even
though there is no actual date for the likely
review yet, the initiative would make
admission into the school more affordable
and competitive.
He explained that apart from the fact the
Chancellor of the school, Dr. David
Oyedepo, had already thought about it, the
school management also had plans to
increase its internally generated revenue so
as to augment its income, which would make
the review easy.
He said, “Going by the thinking of the
proprietor and chancellor, the commission is
thinking of reducing the fees with a view to
allowing more people to be able to benefit
from the quality education that we have
here, but it’s going to be highly competitive.
“This may affect us because we would need
to work more on our IGR, but we are up to
the task. The beauty of it all is to be able to
leave it open to all, however, we are mindful
of our carrying capacity, which will only
engender stiff competition before anybody
would be able to get admission.
“By the next academic session, the
university will be going into production of
certain items and looking at our projection
on the adventure, we are going to be raking
in billions, which will supplement our
income and with that, we can be sure that the
fees would be reducing gradually, which
also shows that education venture is not
necessarily about profit-making but about
service to humanity.”
The vice-chancellor explained that with the
recently released Webometrics Ranking of
February 10, 2015, “Covenant University is
now the first among all the universities in
Nigeria and West Africa and the 15th in
Africa.
“Last year, we were the second in Nigeria
and 25th in Africa, but now we have
improved greatly, and this is because we
came in with a view to introducing a change,
which was a clear departure from what
others do, therefore, this feat and many
others do not really come as a surprise to
us.”
Webometrics Ranking is the ranking of
about 2,500 institutions in the world based
on their web presence, impact, presence,
openness and excellence.

#punch ng

Better people. So on page 43 of Punch
Newspaper today is an advert by West
Africa Examination Council, WAEC, where
candidates, now born-again & seeking
restitution, confessed to hiring people to sit
exams for them. Not only did they confess,
they also returned their certificates to the
exam body! In all, 178 people were
involved.
Is this hope for a new Nigeria?
When are you joining them? Yes, I’m
talking to you! You know someone sat for
you too…lol

MONDAY 1ST JUNE, 2015
PHYSICS PAPER II(Practical) --- 10.00am –
12.45am
=====================
TUESDAY 2ND JUNE, 2015
CIVIC EDUCATION PAPER III & II (obj &
essay ) ---
10.00am – 1.00pm
=====================
WEDNESDAY 3RD JUNE, 2015
COMPUTER STUDIES (practical) PAPER II---
10.00am
– 1.00pm
=====================
THURSDAY 4TH JUNE, 2015
CHEMISTRY (practical) PAPER I--- 10.00AM -
12.00noon
=====================
FRIDAY 5TH JUNE, 2015
BIOLOGY PAPER I (PRACTICAL) ---– 10.00am -
12.00noon
ANIMAL HUSBANDRY (practical) --- 3.00pm -
4.30pm
FISHERIES (practical) ------- 3.00pm - 4.30pm
DYEING AND BLEACHING(practical) ----- 3.00
-
5.00pm
=====================
SATURDAY 6TH JUNE, 2015
DYEING & BLEACHING (practical) paper 1b
-----
10.00am - 4.00pm
=====================
MONDAY 8TH JUNE, 2015
DATA PROCESSING ---- 10.00am - 1.00pm
=====================
TUESDAY 9TH JUNE, 2015
AGRICULTURAL SCIENCE (practical) ---
10.00am -
1.00pm
=====================
WEDNESDAY 10TH JUNE, 2015
GEOGRAPHY PAPER III & I (obj & Practical)
---
10.00am - 12.30pm
=====================
THURSDAY 11TH JUNE, 2015
MATHEMATICS PAPER III (Objective) ---
10.00am -
11.45am
MATHEMATICS PAPER II (Essay) --- 12.00am -
2.30pm
=====================
MONDAY, 15TH JUNE, 2015
PHYSICS (Obj & essay) --- 10.00am - 1,00pm
=====================
TUESDAY, 16TH JUNE, 2015
GOVERNMENT (OBJ & essay) --- 10.00am -
12.40pm
=====================
WEDNESDAY, 17TH JUNE, 2015
CHEMISTRY (obj & Essay) --- 10.00am -
1.00pm
=====================
THURSDAY, 18TH JUNE, 2015
ENGLISH LANGUAGE (Essay & Obj) ---
10,00am -
12.45pm
ENGLISH LANGUAGE (test of orals) ---
12.45pm -
1.30pm
=====================
FRIDAY 19TH JUNE, 2015
GEOGRAPHY (ESSAY)---- 10.00a.m - 12.00p.m
=====================
MONDAY 22ND JUNE, 2015
ECONOMICS (OBJ & ESSAY)---- 10.00a.m -
1.00p.m
FOODS & NUT (OBJ & ESSAY) --- 2:30pm -
5.00pm
=====================
TUESDAY 23RD JUNE, 2015
BIOLOGY ( OBJ & ESSAY)---- 10.00am -
12.30pm
=====================
WEDNESDAY 24TH JUNE, 2015
COMPUTER SCI. ( OBJ & ESSAY)---- 10.00am -
1.00pm
=====================
THURSDAY 25TH JUNE, 2015
COMMERCE ( OBJ & ESSAY)---- 10.00am -
12.40pm
=====================
FRIDAY 26TH JUNE, 2015
AGRICULTURAL SCI. ( OBJ & ESSAY)----
10.00am -
12.30pm
=====================
MONDAY 29TH JUNE, 2015
FURTHER MATH ( OBJ & ESSAY)---- 10.00am -
2.30pm
LIT-IN-ENGLISH (OBJ & PROSE) 3.00pm -
5.15pm
=====================
TUESDAY 30TH JUNE, 2015
YORUBA, IGBO, HAUSA ( OBJ & ESSAY)----
10.00am
- 1.00pm
=====================
WEDNESDAY 1ST JULY, 2015
LIT-IN-ENG ( DRAMA & POETRY )---- 10.00am -
12.30pm
=====================
THURSDAY 2ND JULY, 2015
FIN. ACCCOUTING ( OBJ, THEORY &
PRACTICE )----
10.00am - 1:50pm
=====================
FRIDAY 3RD JULY, 2015
C.R.K/ I.R.K ( OBJ & ESSAY )---- 10.00am -
12.30pm
=====================
MONDAY 6TH JULY, 2015
STORE KEEPING ( OBJ & THEORY )---- 10.00am
-
12.40pm
BOOK KEEPING (OBJ & THEORY) -10.00am -
1.50pm
=====================
WEDNESDAY 8TH JULY, 2015
OFFICE PRACTICE ( OBJ & ESSAY )---- 2.00pm -
5.00pm
=====================
THURSDAY 9TH JULY, 2015
HISTORY (OBJ & THEORY)---- 10.00am -
1.00pm
MARKETING (OBJ & THEORY) --- 2.00pm -
4.40pm
=====================
FRIDAY 10TH JULY, 2015
HEALTH EDUCATION (OBJ & THEORY) ----
10.00am -
12.00pm
HEALTH EDUCATION (TEST OF PRACTICAL)
3.00pm -
4.30pm
=====================
=====================

Good moni famz... For your neco machinery... I'll get y'all updated bout the exams and expo when the exam is getting close... Buh if you want to subscribe down... Call or text 08115079665..