logo-profile

OTICE

.COM

.NG


Home of Nigeria Latest News and Updated Information
tag-iconNews
tag-iconCBN

New judge takes over N8bn CBN currency scam case

user_icon Posted by:
Tiamiyu Saheed Oluwatosin
views-icon Views:
81
like-icon Page likes:
0
dislike-icon Page dislikes:
0
comments-iconComments:
0
calendar-icon Posted on: 2020-05-19 16:10:44
share-icon Share(s):
0
CBN



Proceedings commenced in the alleged Central Bank of Nigeria (CBN) N8billion currency scam on Tuesday with a new judge, Justice Joyce Abdul-Maleek, taking charge at the Federal High Court 2, Ibadan.

The News Agency of Nigeria (NAN) reports that Abdul-Maleek took over from Justice Olayinka Faji who initially handled four of the seven cases.

At the reopening of hearing, charges instituted by the Economic and Financial Crimes Commission (EFCC) were read out to the accused persons and they all pleaded not guilty.

The accused persons included three CBN officials – Kolawole Babalola, Olaniran Adeola and Togun Philips – and others from the First Bank, Wema Bank and Zenith Bank.

DO YOU KNOW >>> Gov. Bello, Dino Melaye, others enraged over Kogi deadly bank robbery

READ ALSO >>> CBN reacts to circulation of N2,000, N5,000 banknotes

The counsel to the EFCC, Mr Adebisi Adeniyi, alleged that the accused conspired with the intent to defraud the CBN by re-circulating mutilated currencies running into about N8 billion.

The said crimes were allegedly committed between 2009 and 2012 in Ibadan.

The different counsel to the accused persons, in spite of that, urged the court to grant bail to their clients, saying they had spent close to a year in Agodi prison custody.

Some of the counsel – Mr Nathaniel Oke, Olalekan Ojo, Olayinka Bolanle – told the court that bail applications would be made available before the next adjourned date.

BREAKING >>> Kanye West sets up college fund for George Floyd’s daughter, donates $2m

The judge, thereafter, adjourned to May 5 and May 10 for continuation of hearing.

NAN recalls that prior to the deployment of Abdul-Maleek, Faji had disqualified himself from further handling of the cases based on an allegation made by some of the defence counsel that he was biased.

Faji had rejected bail applications presented before him which led to the matter being taken before the Court of Appeal, Ibadan.

The appellate court, in spite of that, returned the cases to the Federal High Court, Ibadan. (NAN)


For All Nigeria Past Questions Visit www.QUESTION.NG

Kindly share this post on different Social Media below


COMMENTS

NOTE: User comments in this section are, as the name implies, provided by users of this website. The question.ng team is not responsible for, nor do they endorse, any of the information provided here.


NO POSTED COMMENT