Finance

N8bn CBN scam: Court overrules defendants’ objection

Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, has overruled the objection of the defendants to the further amended charges in the alleged N8 billion CBN currency scam.

TBI Africa said that the News Agency of Nigeria (NAN) recalls that Patient Okoro, Sunday Adekunle-Ilori, Kolawole Babalola, Muniru Olaniran and Fatai Adedokun had on March 29, through their counsel, had objected to the application for further amendment of the charges leveled against them.

Ayo-Emmanuel held that allowing the charges to be further amended would not have any negative effect on any of the parties concerned.

“Except for count four which has just been included, all the other charges remain the same as they were in the old charges .

“However, if the defendants desire to have a fresh plea, they are free to do so,” the judge said.

However, when the further amended charges were read to each of the accused persons, they pleaded not guilty.

With the plea, each of the defence counsel prayed the court for fresh testimonies and examinations of the witnesses that had been called by the Economic and Financial Crimes Commission (EFCC).

NAN reports that Okoro, Adekunle-Ilori, Babalola, Olaniran and Adedokun along with others have since 2015 been facing multiple charges bordering on conspiracy, unlawful conversion, forgery, stealing and recirculation of mutilated currency at the Ibadan branch of CBN.

Ayo-Emmanuel adjourned the case till July 1 and July 2 for the prosecution to reopen trial.

 

 

Related posts

NIP records increase volume of transactions over cheques in Q1, 2019- NIBBS

By Shile GIWA

Blame Nigeria’s high debt service on large expenditure, says finance minister

Our Reporter

SEC proposes a reduction of renewl fees by 80%

Tonia Osundolire

E-Payment Transactions Hit N320trn In Q3 2020

Our Reporter

‘I can no longer rely on my witness’ memory in Ladoja’s trial’

thebusine

FMDQ: Total Foreign Exchange Trade Drops by 23.59% in November

Our Reporter