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EFCC Must Produce 106 Boxes Containing Stolen Money- Justice Ajoku Says

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EFCC secures jail term for suspect

Justice P.I. Ajoku of the Federal High Court has given directives to Nigeria’s main anti-graft agency, to produce the 106 boxes containing the N900m allegedly stolen by two workers of Zenith Bank PLC.

Naija News understands that the two workers of Zenith Bank Plc, Bolade Ajuwan and Samuel Ogbiede were arrested alongside six Central Bank officials by the Economic and Financial Crimes Commission (EFCC).

Speaking on how the fraud was orchestrated, the anti-graft agency, said that the accused officials of the Commercial bank bridged the CBN’s briquette exercise by stealing huge mutilated higher denomination currencies meant to be exchanged for new notes.

Meanwhile, Naija News learnt that the federal high court justice gave the verdict after an EFCC witness, Saliu Kadir, testified alongside two CBN officials, Kolawole Babalola and Muniru Olaniran.

The EFCC said that each of the 106 boxes was meant to contain N10 million of N1000 denomination, instead, they were found to be containing interleaves and lower denominations such as N100, N50, N20 and even ordinary papers.

The judge adjourned the case until Dec. 2 and Dec. 3 for the continuation of trial.



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