The Nation June 02, 2015

Page 1

Anxiety in Ado-Ekiti over Fayose, lawmakers row NEWS – Page 6

Newspaper of the Year

•EFCC grills ex-Adamawa Governor Nyako for six hours P4 •Court strikes out N2.45b fraud charges against Sylva P57 •Buhari’s role in my victory, by AfDB President Adesina P5 •NFF shocked by Flying Eagles’ U-20 World Cup loss P63

•Nigeria’s widest circulating newspaper

VOL. 10, NO. 3233 TUESDAY, JUNE 2, 2015

•www.thenationonlineng.net

TR UTH IN DEFENCE OF FREEDOM TRUTH

N150.00

•INSIDE: CHINESE FIRM GETS NERC’S NOD TO PRODUCE METERS LOCALLY P12

CBN: Our N8b fraud story ‘We handed over suspects to EFCC’

HOUSE OF HORROR

By Collins Nweze, Snr Finance Correspondent

B

ANKERS were shocked yesterday to learn of the N8b currency scam for which no fewer than 22 suspects are to face trial today in Ibadan. It was the topic of discussions in banking halls, a source told The Nation. The Central Bank of Nigeria (CBN) has spoken on the scam in which six of its officials and 16 others from some commercial banks are involved. The suspects, the Economic and Financial Crimes Commission (EFCC) alleged, stole and recirculated, defaced and mutilated currencies amounting to N8b. They include Patience Okoro Eye (Abuja), Afolabi Olufemi (Lagos), Kolawole Babalola (Ibadan), Olaniran Muniru Adeola (Ibadan), Fatai Yusuf Adekunle (Head, Security, CBN, (Ibadan) and Ilori Adekunle Sunday (Akure). The remaining 16 suspects are from various commercial banks. They were found to have conspired with the CBN executives to swing the heist, the EFCC said. CBN’s Director, Corporate Communications, Ibrahim Mu’azu, yesterday retraced the events that led the management of the apex bank to hand over the suspects to the EFCC for prosecution. He said: “As soon as the Bank’s internal investigations concluded beyond reasonable doubt that some wrong doing had occurred, the affected members of staff who are middle-level officers were, depending on gravity of offence, either summarily dismissed or immediately placed on indefinite suspension on 21 October 2014, and all handed over to the EFCC for further investigation and prosecution. The CBN has also conducted a nationwide audit of all 37 branches of the Bank and found that this was an isolated scheme at Ibadan Branch. The Bank will continue to collaborate with the EFCC to ensure that affected CBN staff, as well as their accomplices in some commercial banks, are brought to justice.” Continued on page 4

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WILL THE CHIBOK GIRLS KIDNAPPED ON APRIL 15, LAST YEAR EVER RETURN?

•Mr. Ismaila Adesina’s shrine and deity at the kidnappers’ den at Isase Village, Ajia, Ibadan ... yesterday.

Shock as police find kidnappers’ hideout in Ibadan NEWS – PAGE 6

•The entrance to one of the shrines ... yesterday

•Mr. Ismaila Adesina posing with fake currencies found in the house ... yesterday. PHOTOS: FEMI ILESANMI

57 bodies identified as Onitsha tanker fire death toll rises to 70 NEWS – PAGE 4

•Four newspaper vendors, distributors dead •Buhari, others condole with families

•SARAKI HAS NO BLOCK SUPPORT IN NORTHWEST, SAYS ALIERO PAGE 6


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The Nation June 02, 2015 by The Nation - Issuu