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CBN fraud: Bank workers remain in custody

09 June 2015, 16:32

Abuja - The case against the three Central Bank of Nigeria (CBN) staff and five others accused of defrauding the bank billions of Naira will resume on Thursday following its adjournment at the Federal High court sitting in Ibadan, Oyo State.

Kolawole Babalola, Olaniran Muninu Adeola, Toogun Phikip (all CBN staff) as well as Isaac Akano, Ayodele Festus Adeyemi Oyebanji Akeem, Ayodeji Aleshe, Ajiwe Sunday Adegoke ( staff of First Bank) are alleged to have conspired to defraud the apex bank and First Bank of Nigeria of over N8 billion.

The Economic and Financial Crimes Commission (EFCC) has arraigned the suspects on charges of conspiracy, fraud and theft.

Also read: CBN executives to be arraigned for mega scam

Justice Faji adjourned the matter for hearing of the bail application brought by the suspects.

Meanwhile, the judge also adjourned hearing of the bail application brought by staff of Wema Bank- Ademola Dolapo, Afolabi Esther, and Ademola Ebenezer Adewale to Thursday.

The accused persons are alleged to have defrauded the CBN and Wema Bank of over N4 billion.

The accused persons are remanded in prison custody pending the determination of their bail applications.

- CAJ News

Tags cbn fraud

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