EFCC sues CBN, banks officials over N8 billion fraud

The Economic and Financial Crime Commission (EFCC) has charged officials from the central bank and commercial banks in court over an 8 billion naira ($40 million) currency fraud, Rotimi Jacobs, a lawyer for the antigraft agency said on Tuesday.

The EFCC charged six central bank officials and 6 commercial bank staff accused of currency theft and recirculating naira notes intended for destruction at a court in Ibadan, Jacobs said.

Jacobs said the officials had pleaded not guilty to the charges, and that the court had ordered that they be detained in prison pending their bail applications.