Hearing in the Central Bank of Nigeria N8bn mutilated currency fraud suit continued at the Federal High Court, Ibadan on Wednesday as the Economic and Financial Crimes Commission told the court that one of the accused persons, Mr. Ayodeji Alase, had N134m in one of his bank accounts.
Top officials of the Nigeria Central Bank, CBN, colluded with officials of private banks which included Alase, to defraud the country of about N8 billion.The scam involved the “theft and recirculation of defaced and mutilated currencies,”
Punch reports that,the EFCC told the trial judge, Justice A.O. Faaji, that Alase, a primary six certificate holder, started work at First Bank as a guard before he was promoted to the position of a cash assistant.




















