Abeg read this confessions by the arrested CBN workers

Hehehe...During a court hearing yesterday June 3rd at the Federal High court Ibadan on the CBN N8billion mutilated currency fraud, the EFCC told the court that one of the accused persons, Mr. Ayodeji Alase, had N134million in one of his bank accounts.

Read more

The lead prosecutor told the judge that Alase, a primary six certificate holder, started work at First Bank as a guard before he was promoted to the position of a cash assistant. Alase was also accused of having property worth hundreds of millions of naira.


According to Punch, the prosecutor also said the former bank guard has a duplex at Oluyole Estate in Ibadan, a shopping complex, a warehouse at Podo, a fenced plot at Dugbe, a block of four flats at Apeye, two plots of land and five-bedroom flat in other parts of the state capital.

Other accused persons, including Olaniran Adeola, Ayodele Adeyemi, Isiaq Akano and others were also said to own properties in South Africa, filling stations, cement shops, schools, supermarkets, exotic cars and buildings in several locations in Nigeria.

One of the accused, Mrs. Afolabi Olunike, was alleged to be the owner of a duplex, several plots of land, a storey building and another three acres of land.

Three officials of the CBN were among the accused, while others were from Wema Bank Plc and First Bank Plc. They are being charged with a 28-count charge which included forgery of documents, conspiracy and stealing, intent to defraud and conspiracy to commit an offence punishable under the Nigerian law. They were also accused of sharing among themselves mutilated currency that they were supposed to destroy.

They all pleaded not guilty. The case was adjourned to June 8 for hearing of the bail application.

Source: Punch