Thursday, 1 December 2016

CBN scam: Trial stalled by prosecution


CBN scam: Trial stalled by prosecution
CBN boss Godwin Emefiele
Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, Oyo State, yesterday adjourned hearing in the alleged N8 billion Central Bank of Nigeria (CBN), Ibadan branch, currency scam till December 6.
This followed absence of the prosecution, Economic and Financial Crimes Commission (EFCC), in court.
The EFCC listed Tope Akintade as fourth defendant in June.
The News Agency of Nigeria (NAN) recalls that Akintade was reported to be suffering from high blood pressure, as well as prostate cancer.
Akintade, through his counsel, Femi Edema, entered into a plea bargain with the EFCC, but could not complete all processes.
“We are frustrated and disappointed by the absence of the prosecution without any notice; all processes involved in the arrangement have now been completed and certified by EFCC’s Head Office in Abuja,” Edema said.
NAN reports that Kolawole Babalola, Adeola Olaniran, Philip Togun and Akintade, with others, are being tried for multiple charges of conspiracy, forgery, stealing and recirculation of mutilated N8 billion notes.

Culled from Nation

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