Fresh information emerged on Thursday, June 11, at the Federal High Court Ibadan where some bankers from the Central Bank of Nigeria and commercial banks are standing trial over fraud running into billions of naira.
The Economic and Financial Crimes Commission (EFCC) told the court that more than N8 billion has being stolen from CBN strong rooms and because of the enormity of the offences committed the bail applications tendered to the court by the accused should not be granted.
They further told the court how the accused have made confessional statements that they actually committed the offence.
They poured acid on boxes containing N3.9 billion. during one of its investigations, they discovered that there were over 8,000 boxes that were yet to be opened by the CBN in its strong rooms on opening 107 of the boxes for the First Bank that should contain N1.7 billion, only N256,000 was found.
At the sitting presided over by Justice Adeyinka Faaji, all the counsels to the accused submitted that the offence was a bailable and that the court reserved the discretion whether or not to grant the accused bail. The counsels fought spiritedly to convince the court why their clients should be granted bail.
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