#BBB NEWS| Central Bank Of Nigeria Suspends Deputy Governor, Directors For Fraud

One of the three deputy governors of the Central Bank of Nigeria is currently on suspension for being involved in ‘a sophisticated plot’ to defraud the bank a huge sum of money, findings have revealed.

Top officials of the CBN close to the development told SR correspondent that two directors of the bank were also suspended over the multi-million naira scam.

The officials, who spoke on the condition of anonymity because they were not authorised to speak on the matter, said their suspension was ordered by the CBN Governor, Mr. Godwin Emefiele after preliminary findings revealed that they might be culpable.

The CBN had on Thursday night said it had uncovered what it described as a highly sophisticated plot to defraud the bank by some people.

#BBB NEWS| CBN Gas Explosion: Police Confirm 3 Dead, 10 In Critical Condition

The Cross River Police Command has confirmed three persons dead and 10 in critical condition due to Friday’s gas cylinder explosion at the Central Bank of Nigeria (CBN) in Calabar.

Mr John Eluu, the state Police Public Relations Officer (PPRO), disclosed this on Saturday in an interview with the News Agency of Nigeria (NAN).

Eluu said 20 members of staff of the bank were injured in the explosion which occurred at about 11 a.m., while two others were in critical condition.

“As of yesterday, being Friday, 20 CBN staff members were injured and two were in critical condition immediately after the gas explosion.

#BBB NEWS| N8.3bn Scam: Three Ex- CBN Staff, Five Others Remanded In Prison [PHOTOS]

Three employees of the Central Bank of Nigeria (CBN), and five staff of First Bank Plc, were on Wednesday remanded in prison for defrauding the Apex Bank and First Bank of Nigeria Plc of the sum of N8, 265,100,356.22( Eight Billion, Two Hundred and Sixty- Five Million, One Hundred Thousand, Three Hundred and Fifty- Six  Naira, Twenty-Two Kobo only).

Their remand followed their arraignment on Wednesday by the Economic and Financial Crimes Commission, EFCC, before a Federal High Court sitting in Ibaban, Oyo State on a 28-count charge bordering on conspiracy, fraud and stealing.

The suspects: Kolawole Babalola; Olamiran Muniru Adeola

And Toogun Kayode Phillip-(all Ex-CBN staff) and Isaq Akano (A.K.A ISIAKA);  Ayodele  Festus Adeyemi;  Oyebamiji Akeem; Ayodeji Aleshe;  Ajiwe Sunday Adegoke ( all First Bank Staff) were  docked before Justice A. O. Faji.

#BBB NEWS| N8bn Scam: Six CBN Executives Remanded In Prison

Six staff of the Central Bank of Nigeria, CBN, implicated in an N8billion defaced and mutilated currency recycling scam, were today remanded in prison custody following their arraignment by the Economic and Financial Crimes Commission, EFCC, before Justice N. Ayo Emmanuel of a Federal High Court sitting in  Ibadan, Oyo State.

The suspects: Patience Okoro Eye;  Afolabi Olufemi Johnson; Ilori Adekunle Sunday;  Kolawole Babalola,  Olaniran Muniru Adeola and Fatai Adedokun Yusuf, were arraigned on a five -count charge bordering on conspiracy, fraud and stealing.

Specifically, the apex bank employees were alleged to have compromised the CBN's Briquetting exercise, meant to mop up mutilated and defaced higher denomination currencies from circulation, to combat inflation.

Instead of destroying the currencies, they allegedly recycled the notes and substituted them with newspapers neatly cut to Naira sizes.