CBN CURRENCY SCAM: Court fixes June 11 to hear bail applications of bank officials

The Federal High Court, Ibadan, on Monday fixed
June 11 for hearing the bail applications of 11 bank
officials allegedly involved in the N8 billion CBN
currency scam.
The Economic and Financial Crimes Commission
(EFCC) had arraigned Kolawole Babalola, Adeola
Olaniran and Togun Phillips, dismissed employees of
the Central Bank of Nigeria (CBN) and others on June
3.
Joined also in the suit are five First Bank officials –
Isiaq Akao, Ayodele Adeyemi, Oyebamiji Akeem,
Ayodeji Alese and Ajiwe Adegoke.
Others are Oni Dolapo, Afolabi Olunike (Mrs) and
Ademola Adewale, who are employees of Wema
Bank Plc.
Justice Adeyinka Faji adjourned the two suits
involving three CBN employees and eight members
of staff of commercial banks, following the inability of
the defence and prosecution to agree on processes
filed, served and received.
He directed counsel to the parties to regularise their
processes and thereafter, ordered the continued
remand of the accused at the Agodi Prisons in
Ibadan.
The News Agency of Nigeria (NAN) reports that while
Mr Rotimi Jacobs (SAN), the EFCC counsel, claimed to
have replied all processes served on him on June 5,
some of the defence counsel said they had not
received such.
A number of the defence counsel also told the court
that the time was insufficient to respond to the
counter affidavit served on them by the prosecution.
A defence counsel, Mr Olalekan Ojo, told the court
that his reply to the counter affidavit was yet to be
filed.
Jacobs, therefore, moved for an adjournment to give
room for parties to regularise the filing of all
necessary papers.
All the parties involved consented to the motion for
adjournment, subject to the court's convenience.
Justice Faji consequently ruled that the matter be
adjourned to June 11 and ordered the continued
remand of the 11 suspects in prison custody.
NAN reports that the EFCC charged the accused with
putting back in circulation mutilated currency notes
meant to be destroyed and thereby contributed to
the economic adversity of the country. (NAN)




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