Fresh information emerged on Thursday, June 11, at the Federal High
Court Ibadan where some bankers from the Central Bank of Nigeria and
commercial banks are standing trial over fraud running into billions of
naira.
The Economic and Financial Crimes Commission (EFCC) told
the court that more than N8 billion has being stolen from CBN strong
rooms and because of the enormity of the offences committed the bail
applications tendered to the court by the accused should not be granted.
They further told the court how the accused have made confessional statements that they actually committed the offence.
They
poured acid on boxes containing N3.9 billion. during one of its
investigations, they discovered that there were over 8,000 boxes that
were yet to be opened by the CBN in its strong rooms on opening 107 of
the boxes for the First Bank that should contain N1.7 billion, only
N256,000 was found.
At the sitting presided over by Justice
Adeyinka Faaji, all the counsels to the accused submitted that the
offence was a bailable and that the court reserved the discretion
whether or not to grant the accused bail. The counsels fought spiritedly
to convince the court why their clients should be granted bail.
Source---http://www.gistmania.com/talk/topic,263442.0.html
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