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EFCC ordered to produce 106 boxes containing stolen money in court

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The Economic and Financial Crimes Commission (EFCC) has been ordered to produce in court the 106 boxes containing the N900 million allegedly stolen by two staff of Zenith Bank Plc.

The order was handed down by a Federal High Court sitting in Ibadan on Friday.

Bolade Ajuwan and Samuel Ogbeide were charged by the EFCC alongside six officials of the Central Bank of Nigeria (CBN) before the court.

According to the charges, the CBN employees were alleged to have compromised the CBN’s briquette exercise by stealing huge mutilated higher denomination currencies meant to be exchanged for new notes, while the two Zenith Bank workers allegedly acted as accomplices to the crime and also helped themselves to a sizeable part of the money.

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They pleaded not guilty when the charges were read to them.

The presiding judge, Justice P.I. Ajoku gave the order after an EFCC witness, Saliu Kadir, testified alongside two CBN officials; Kolawole Babalola and Muniru Olaniran.

According to the EFCC, the 106 boxes contained interleaves and lower denominations such as N100, N50, N20 and even ordinary papers.

The case was adjourned till December 2 and December 3, 2019 for continuation of trial.

Timothy Enietan-Matthews

Timothy is a versatile journalist, down to earth with a critical and curious mind.

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Timothy Enietan-Matthews

Timothy is a versatile journalist, down to earth with a critical and curious mind.

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