6 CBN Officials, 16 Others Arrested By EFCC Over N8bn Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested six top officials of the Central Bank of Nigeria (CBN) and 16 workers of some commercial banks in the country over an N8 billion scam.

The anti-graft agency accused the suspects of stealing and putting defaced and mutilated Naira notes to the tune of N8 billion meant for destruction, back into circulation.

All the suspects have already been taken into EFCC custody. They will be arraigned at the Federal High Court, Ibadan, tomorrow.

A statement signed by the Head of Media of the EFCC, Mr. Wilson Uwujaren, gave the names of the suspects as: Patience Okoro Eye (Abuja), Afolabi Olufemi (Lagos), Kolawole Babalola (Ibadan), Olaniran Muniru Adeola (Ibadan), Fatai Yusuf, Adekunle (Head, Security, CBN (Ibadan) and Ilori Adekunle Sunday (Akure).

The suspects were said to have burnt old newspapers in place of defaced Naira notes.

The 16 suspects, who colluded with the CBN officials to commit the fraud, are officials drawn from Zenith Bank, FCMB, Wema Bank, Access Bank, FirstBank, Skye Bank, Ecobank and Sterling Bank.