Court orders EFCC to produce 106 boxes containing stolen N900m

The Federal High Court in Ibadan has ordered the Economic and Financial Crimes Commission (EFCC) to produce the 106 boxes, containing the N900 million allegedly stolen by two bank workers.

The order came from Court in Ibadan, on Friday, October 4.

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

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

The other bank workers were accused of being accomplices to the crime and also helping themselves to a sizeable chunk of the money.

The accused all pleaded not guilty when the charges were read to them.

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.

According to the EFCC, each of the 106 boxes was meant to contain N10 million of N1000 denomination. The boxes were found to be containing interleaves and lower denominations such as N100, N50, N20 and even ordinary papers instead.

The case was adjourned until December 2 and 3 for continuation of trial.

Meanwhile, the House of Representatives has vowed to strengthen anti-corruption agencies in Nigeria. According to the green chamber, the anti-corruption laws in Nigeria are not strong enough and has not helped in the fight against corruption.

Newsflash Nigeria is an online newspaper that is developed and written exclusively for Nigerians. It’s packed with up-to-the-minute Local and National Economy News, Share & Capital Market, Health, Sports, Education, Technology, Business and Opinions.

To make further advert enquiries or place an order, please contact us at [email protected] and +2348053316946 and WhatsApp number 08033546732


Emmanuel Amuda

Emmanuel Amuda, a blogger by profession for the past 7 years. He studied Mathematics at the University of Nigeria, Nsukka Contact: +2348053316946 Twitter: @Lackren

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button