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Nairaland Forum / Nairaland / General / Crime / N8billion Fraud: Court Refuses Bail For 6 CBN Staff (501 Views)
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N8billion Fraud: Court Refuses Bail For 6 CBN Staff by Nobody: 5:21pm On Jun 15, 2015 |
Nathaniel Ayo Emmanuel, justice of the federal high court, Ibadan, Oyo state, has dismissed the bail application brought by six former staff of the Central Bank of Nigeria (CBN) who are being prosecuted for over N8 billion mutilated currency recycling fraud. The accused persons are Patience Okoro Eye, Afolabi Olufemi Johnson, Ilori Adekunle Sunday (pictured) Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf. According to Wilson Uwujaren, spokesman of the Economic and Financial Crimes Commission (EFCC), Emmanuel dismissed their application because the interest of the accused alone could not be considered while looking at their application but that of the common man and society. “He said the court was refusing the accused persons bail because of the gravity of the offence, which borders on the economy and well-being of the people of the country,” the EFCC spokesman explained. “Justice Emmanuel dismissed their application and ordered for accelerated hearing. He also warned counsel that he would not entertain frivolous applications.” The accused persons were arraigned two weeks ago on a 28-count charge bordering on fraud and stealing. Specifically, the former apex bank employees are alleged to have compromised the CBN’s Briquetting exercise meant to combat the inflationary spiral in the economy, occasioned by excess dirty notes. Justice Emmanuel adjourned the matter to July 6 and 7 for trial. www.thecable.ng/no-bail-6-cbn-staff-involved-n8billion-fraud |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by Nobody: 5:23pm On Jun 15, 2015 |
Good one. |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by Nobody: 5:24pm On Jun 15, 2015 |
Ok,i hear and i hope justice is served at the end of it all. |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by Nobody: 5:25pm On Jun 15, 2015 |
But our politicians get perpetual restraining shielding dem from arrest.
Am no supporter of corruption. But Sacred Cowism has crippled this country. In this part of d world, justice only recognises the highest bidder! |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by ichommy(m): 5:32pm On Jun 15, 2015 |
No bail for them |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by Truth24(m): 5:51pm On Jun 15, 2015 |
Good |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by kelechi50: 6:02pm On Jun 15, 2015 |
Re: N8billion Fraud: Court Refuses Bail For 6 CBN Staff by andyanders: 8:45pm On Jun 15, 2015 |
This is a serious case which is a felony. They should be given a sentence ranging from 30 yrs to life imprisonment. |
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