EFCC RESUMES CBN CURRENCY SCAM CASE

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By Adebisi Adeyemi Lagos

One  of the EFCC investigators in the alleged N8 billon CBN currency scam case, on Tuesday said that the accused persons breached normal procedures at the Ibadan branch of the apex bank

 Testifying before the Federal High Court in Ibadan, it was stated that many boxes meant to contain  N1000 were either filled up with brown papers cut to the size of naira notes or swapped with N500 interleaved with newspapers cut to the size of money.

The witness also claimed  that all the accused persons  admitted committing  the crime.

“ Out of the 507 boxes brought in by Zenith Bank which was supposed to be containing N1.06 billion, N900 million was discovered to be missing,” Kadri said.

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However, the case was adjourned till  March  2 for continuation of  trial.

Two of the accused persons– Kolawole Babalola and Muniru  Olaniran —had in  separate testimonies told the court that  EFCC investigators threatened to kill them if they failed to  admit to committing the  fraud.

Babalola, Olaniran, Kayode Togun, Samuel Ogbiede and Olawumi Iyan along with others  since 2015 been facing multiple charges bordering on conspiracy, unlawful conversion, stealing and re-circulation of mutilated currency at the Ibadan branch of CBN
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