N8bn Currency Scam: Another Suspect seeks Plea Bargain

Must Read

Court Asks DSS To Probe Bayelsa Deputy Governor For Certificate Forgery

The All Progressive Congress(APC) has launched a counter-attack on the newly sworn-in deputy governor of Bayelsa state, Lawrence Ewhrudjakpo...

I Didn’t Forge My Certificate – Sacked Bayelsa Gov-Elect

The sacked deputy governor-elect of Bayelsa state, Biobarakuma Degi-Eremienyo has called a press conference where he stated that he...

Rep Introduces Bill On Automatic Employment For Graduates After NYSC

Eta Mbora, who represents Calabar Municipal/Odukpani federal constituency of Cross River State in the lower chambers of the National...

Fani-Kayode Hails Zulum, Matawelle On Fight Against Insurgency

Former minister of aviation, Femi Fani-Kayode has hailed the Governors of Borno and Zamafara States, Babagana Zulum and Bello...

Adamawa State Polytechnic Sacks Four Lecturers Over Exam Malpractice

Four lecturers of Adamawa State Polytechnic, Yola, have been dismissed after investigation revealed that they were responsible for modifying...


Another suspect involved in the N8 billion Central Bank currency scam is currently negotiating for a plea bargain.

Tope Akintade, one of the suspects being prosecuted, has begun the process for plea bargain arrangement with EFCC, the commission’s counsel, Adebisi Adeniyi, told a court on Wednesday.

Mr. Adeniyi, however, said that the arrangement was yet to be completed with the defence counsel, Femi Edema.

Mr. Akintade had complained of being a prostate cancer patient.

Mr. Akintade’s plea bargain will be the second in the case in which several bank officials allegedly conspired to steal and conceal mutilated and defaced naira notes amounting to N8 billion, from the Central Bank of Nigeria.

Earlier in the month, Ademola Oni had pleaded guilty and was sentenced to two and a half years in prison for each of five charges for which he was convicted. Since the charges are to run concurrently, Mr. Oni will only spend two and a half years in jail.

On Wednesday, Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, adjourned till November 18 the trial of the accused persons.

The adjournment followed the illegibility of copies of documentary evidence produced by the anti-graft commission, EFCC.

Mr. Ayo-Emmanuel said that it was necessary to give all the parties concerned in the matter equal opportunity to read what was contained in the first two sheets of the documentary evidence given by a prosecution witness, Omotayo Igbosanu.

According to reports, all the defence counsel had complained about their inability to read the documentary evidence made by Mr. Igbosanu as contained in the illegible pages.

Kolawole Babalola, Adeola Olaniran, Philip Togun, Ibrahim Salami, Emmanuel Odiah and Tope Akintade, along with others, have been standing trial on multiple charges.

The charges bordered on alleged conspiracy, forgery, theft and recirculation of N8 billion currencies belonging to the Central Bank of Nigeria.

Mr. Igbosanu, the Head of Currency Processing and Disposal Unit of CBN, Ibadan branch, told the court that the accused persons only destroyed N98 million out of the possible N610 million.

He added that Sterling Bank of Nigeria sent 61 boxes containing a total sum of N610 million out of which the accused persons replaced cut newspapers or lower denominations with moneys meant for destruction.

- Advertisement -
Ad ==> Discover how a young Nigerian graduate now makes a consistent 40k per week doing a legitimate online business. You too can start yours now, click here!!!


Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -