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.
