N8bn fraud: EFCC makes more arrests
The Economic and Financial Crimes Commission has said on Friday that one of the suspects linked with the N8bn Central Bank of Nigeria’s mutilated currency fraud, Tijani Olusoga, has been arrested.
The trial of the CBN and staff members of other banks involved in the financial crime continued at the Federal High Court, Ibadan Division before Justice Olayinka Faaji on Friday, as counsel for the EFCC, Rotimi Jacobs (SAN), informed journalists of the development.
Olusoga and Onabanjo Oluwamayowa had been at large since the trial began two weeks ago. Jacobs said Olusoga would now be arraigned on 11-count charges.
Jacobs also told Justice Faaji how another suspect, Ajuwon Bolade, said in his confessional statement that he was introduced to the scam by a friend who worked at a commercial bank when he was in need of financial aid.
The suspect said in the statement that three other colleagues, including a driver, were involved in the operation, adding that he was ‘stupid’ to have agreed to go along with the fraudulent deal.
Those who appeared in the first batch of suspects arraigned in court on Friday were Kolawole Babalola, Muniru Adeola, Toogun Kayode Philip (all from CBN), Kehinde Fadokun and another suspect identified as Olutunde.
In the second batch, Kolawole Babalola, Muniru Adeola, Toogun Philips, Ajuwon Bolade and Samuel Ogbeide were docked.
After listening to submissions of counsel for all the applicants, Justice Faaji, adjourned ruling on their bail applications till June 19, 2015.
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N8bn fraud: EFCC makes more arrests
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