“N900M Did Not Turn Into Paper In Our Office” – EFCC Debunks Rumors

denied reports that the N900 million it is investigating from the Ibadan Zone of the Central Bank of has vanished.

After investigating the said number, the agency says that on no account was the money moved from the bank’s Ibadan office. It says that the money is currently still in the Ibadan area, read the statement below.

The Economic and Financial Crimes Commission’s attention has been drawn to several online reports alleging that approximately N900 million (Nine Hundred Million Naira) of mutilated naira notes have been turned into paper, prosecuted at the Federal High Court, Ibadan, and kept in several boxes in EFCC custody. The report is very mischievous and the facts of the matter are grossly misrepresented.

It is important to remember that the referred the case to the EFCC in 2015 and that the parties involved are in court at the moment.

EFCC operatives visited the CBN office in Ibadan in the course of investigations to inspect the said boxes and noticed the money had been tampered with. This finding was what prompted the intervention of the EFCC in the case, leading to suspect questioning and eventual prosecution.

At no point were the boxes of the mutilated naira notes taken to the office of the EFCC.

Count one and two of the charges against the suspects reads: ‘ That you Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori Adekunle Sunday; Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf on or about 5 August 2014 in Ibadan, within the jurisdiction of this Honorable Court, have contributed to the Economic misfortune of the Federal Republic of Nigeria when you destroyed a box marked’ Counted Audited Dirty’ loaded with newspapers instead of a box containing N10,000,000 (Ten Million Naira) of N1,000 denomination and which operation led to an increase in circulating money intended to be regulated by the  exercise of the Central Bank of Nigeria and you committed an offense thereby. R4, Nigerian Federation Rules, 2014′′.

Count Two reads:’ That you Patience Okoro Eye; Afolabi Olufemi Johnson; Ilori AdekunleSunday; Kolawole Babalola, Olaniran Muniru Adeola and Fatai Adedokun Yusuf on or about 5 August 2014 in Ibadan under the jurisdiction of this Honorable Court, engaged in corrupt practices when you replaced the contents of a N1,000 denomination box with a sum of N10,000,000 (Ten Million Naira) denomination. R4, Federation Nigeria, 2014″.

The Court ordered the EFCC to present them (the boxes) as evidence at the next hearing at the last hearing. This is a sharp deviation from the naysayers ‘ mischievous accounts that misinterpreted the court’s stance to assert that the EFCC had manipulated the boxes!

Members of the public are hereby advised to disregard such misinformation, as it is spread only to cause harm, needless sensationalism and create doubt in citizens ‘ minds.

It is recommended that the press should pursue factual confirmation before spreading false news.

While the kingpin defendant Mayowa Onabanjo is wanted in one of the cases and Zenith bank’s former staff and is currently on the whole.

Any useful information about this individual’s position by members of the public should be submitted to the nearest EFCC offices or by email: info@efccnigeria.org; the hotline (08093322644) or any of our social media pages: @officialefcc.


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