Monday, 1 June 2015

NIGERIA: 6 CBN BIGWIGS AND 16 OTHERS TO BE ARRAIGNED FOR =N=8 BILLION CURRENCY FRAUD

Six top executives drawn from various business units of the Central Bank of Nigeria(CBN) along with 16 others are to be arraigned at the Federal High Court sitting in Ibadan, Oyo State from Tuesday, June 2, 2015 to Thursday June 4, 2015 for their alleged involvement in a mega scam involving the theft and re-circulation of defaced and mutilated currencies.

They include Afolabi Olufemi (Lagos)
Olaniru Muniru Adeola (Ibadan)
Patience Okoro Eye (Abuja)
Fatai Yusuf Adekunle (Head, Security CBN (Ibadan)
Adekunle Sunday (Akure)
The other 16 suspects are from commercial banks and are alleged to have conspired with the CBN executives.
All suspects are in EFCC (Economic and Financial Crimes Commission) custody.
Mutilated notes are expected to be destroyed not recycled.
Below are photos of other suspects,





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