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EFCC Arrests 6 CBN Officials & 16 Other Bankers Over Alleged N8 Billion Fraud

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Man in handcuffs

Six top Central Bank of Nigeria (CBN) officials and 16 other commercial bank workers have been arrested by the Economic and Financial Crimes Commission (EFCC) for an alleged N8 billion scam.

The suspects are being accused of “stealing and putting into circulation defaced and mutilated Nigerian currency notes to the tune of N8 billion meant for destruction,” Vanguard reports.

Sources say the suspects are currently in EFCC custody, as they await arraignment at the Federal High Court, Ibadan, on Tuesday. The trial is set to run until Thursday,  June 4th, as the court would like to speed up prosecution.

Photo Credit: Dreamstime.com

3 Comments

  1. Nwa nna

    June 1, 2015 at 11:22 am

    So, all of a sudden EFCC is active? What happened all this while under GEJ administration? I dey laugh!

  2. Bayowilson

    June 1, 2015 at 11:49 am

    So Buhari is gonna begin the exhibition of his skills with this guys. Dem don enter am. #Scapegoattins

  3. Peaches77

    June 1, 2015 at 12:21 pm

    Haba! This story is not new. The suspects had been arrested since late 2014. It was soo big and messy. Some people had been ”rounded up”and released. More investigations had been going on since then. Its a bit surprising to see the story being reported like a fresh case. O well may be because the suspects are now being ‘arraigned’. People get the true facts right.

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