Business N8bn Currency Scam: Court Rejects Bail Application of CBN Bigwigs

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Nigeria - The federal high court in Ibadan has rejected the bail application for 6 top CBN officials implicated in an N8bn currency scam, Premium Times reports.

Read: EFCC Uncovers Massive N8bn Currency Scam at CBN

They were arraigned by the Economic and Financial Crimes Commission before Justice N. Ayo Emmanuel who refused their oral bail application and ordered that they be remanded in Agodi prison, Ibadan.

CBN-On-their-way-to-Court..jpg
CBN officials on their way to court (Credit: Premium Times)

The suspects — Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori Adekunle Sunday; Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf — were arraigned on a five -count charge bordering on conspiracy, fraud and stealing.

Justice Emmanuel however adjourned the matter to June 9, 2015 for hearing of the bail applications and July 6 and 7, 2015 for commencement of trial.

Read: CBN Fires 6 Top Officials Involved in N8bn Currency Scam


#Nigeria #EFCC
 
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