Suspect involved in N8 billion currency scam seeks plea bargain

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Justice Joyce Abdulmaleek of the Federal High Court sitting in Ibadan on Monday adjourned till Wednesday the trial of four accused persons in the case of alleged N8 billion currency scam.

Ms. Abdulmaleek adjourned the trial based on the prayers by the defence counsel following the plea bargaining arrangement entered into by the fourth accused person, Oni Ademola.

The News Agency of Nigeria reports that the other accused persons facing trial include Kolawole Babalola, Olaniran Adeola and Togun Philip, all former staff of the Central Bank of Nigeria.

“I shall give the opportunity to know the content of the plea bargain and whether it affects their case.

CBN Staffs From Left: Yusuf Fatai, Toogun Kayode, Afolabi Olufemi Johnson, Olaniran Muniru Adeola, Patience O Eye and Ilori Adekunle Sunday.
CBN Staffs From Left: Yusuf Fatai, Toogun Kayode, Afolabi Olufemi Johnson, Olaniran Muniru Adeola, Patience O Eye and Ilori Adekunle Sunday.

“It is my own view that the issue of plea bargaining is solely an affair of the fourth defendant and the prosecution.

“Let me also state that the issue of plea bargaining cannot stall further examination and cross examination of the accused persons,” Ms. Abdulmaleek said.

The News Agency of Nigeria reports that the case slated for trial was stalled by Adebisi Adeniyi, counsel to the Economic and Financial Crimes Commission, EFCC.

Mr. Adeniyi told the court that Y.A. Ruba, counsel to the fourth accused person, Ademola, had entered into a plea bargaining arrangement with the commission.

He further stated that the arrangement had reached 95 per cent completion stage, adding that every process would be completed before the next adjourned date.

However, all the defence counsel opposed the continuation of Monday’s sitting, saying they needed to have knowledge of the content of the plea bargaining arrangement.

They expressed the fear that the arrangement might affect their own cases.

CBN
Central Bank of Nigeria (CBN)

The four accused persons are standing trial over an alleged N8 billion CBN currency scam.

They are being accused of multiple charges bordering on conspiracy, stealing and recycling of mutilated naira notes totalling N8 billion at the Ibadan office of the Central Bank of Nigeria.

The defence counsel included Olalekan Ojo, Olayinka Bolanle, and Adewole Olajire.

(NAN)


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  • Ezekiel

    Is there room for plea bargaining in our constitution?

    • ’70

      I agree… The crimes men do…

    • Tunsj

      Life imprisonment without parole is the best.

  • Epsilon_Delta

    Very low traffic here! Because “Ofe mmanu” is involved.

  • xyz

    Steal a billion, plea bargain and go free, steal 100 million 6 months imprisonment, steal 10 million, 3 to 5 years, steal something worth NGN 100,000 and get 20 years. The moral of the lesson is aim for a billion or more.