Thursday, 26 January 2017



Shocking! How 2 FCMB Staff Allegedly Connived With CBN Staff to Steal N54 Million



A witness in the ongoing investigation of N8 billion CBN currency scam, has made serious allegations against the accused.
FCMB
 
Omotayo Igbosanu, a principal witness in the case of alleged N8 billion CBN currency scam has alleged that two FCMB employees stole N54 million.
 
The witness made the allegation on Wednesday before a Federal High Court in Ibadan.
 
The News Agency of Nigeria reports that the two FCMB employees, who allegedly connived with some CBN staff, are Kehinde Fatokun and Olukunle Sijuwade.
 
Testifying before Justice Joyce Abdulmaleek, the witness said that 10 boxes which were supposed to be containing N10 million each meant to be destroyed were either replaced with cut newspapers or lower denominations.
 
Mr. Igbosanu added that the CBN lost a total sum of N54 million to the short change because the accused persons only left N46 million in lower denominations to be destroyed.
 
He further stated that prior to the isolation of the 10 boxes in August 2014, a box sent from FCMB was discovered to be containing cut newspapers instead of N1,000 denomination notes.
 
According to the witness, the inspection of the boxes was done in the presence of representatives of the Economic and Financial Crimes Commission (EFCC) and other stakeholders.
 
Justice Abdulmaleek, however, adjourned the case till February 27 for continuation of trial.
 
Messrs. Fatokun and Sijuwade as well as Kolawole Babalola, Muniru Olaniran and Kayode Togun had since 2015 been standing trial over multiple charges bordering on conspiracy, forgery, stealing and recirculation of mutilated N8 billion at the Ibadan branch of CBN.
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Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.
 


 
Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.
 
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