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

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.

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