EFCC absence stalls trial of suspects in CBN N8 billion currency scam


Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, on Wednesday adjourned hearing of a plea bargain in the alleged N8 billion CBN Ibadan branch currency scam case. The hearing was adjourned till December 6.

Mr. Ayo-Emmanuel adjourned hearing in the case due to the absence of the prosecution, the Economic and Financial Crimes Commission, EFCC, in court, without notice.

The EFCC had listed Tope Akintade as the fourth defendant in the alleged N8 billion CBN Ibadan branch currency scam suit in June 2016.

The News Agency of Nigeria recalls that Mr. Akintade, the fourth defendant, was reported to be suffering from High Blood Pressure, as well as prostate currency cancer.

Mr. Akintade had through his counsel, Femi Edema, entered into a plea bargain arrangement with the EFCC, but could not complete all the processes.

“We are frustrated and disappointed by the absence of the prosecution without any notice; all the processes involved in the arrangement have now been completed and certified by the EFCC Head Office in Abuja,” Mr. Edema said.


SGF Campaign AD

Kolawole Babalola, Adeola Olaniran, Philip Togun and Akintade, along with others, are standing trial for multiple charges bordering on conspiracy, forgery, stealing and recirculation of mutilated N8billion notes.


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: This space is available for a Text_Ad.. Call Willie on +2347088095401 for more information

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.