NewStats: 3,263,373 , 8,179,939 topics. Date: Thursday, 05 June 2025 at 05:32 PM 453r

Bisi Oladele, Ibadan

A staff of Wema Bank, Mrs. Abosede Oyelakin, on Thursday gave an of how some staff of the bank allegedly defrauded both the bank and the Central Bank of Nigeria (CBN) of over N340 million in the mutilated currency scam.

Oyelakin is the first prosecution witness in the ongoing case against some CBN staff and employees of some commercial banks.

While giving of the gathering and taking of mutilated currency to the Ibadan branch of the apex bank at a Federal High Court, Ibadan, on Thursday, Oyelakin said co-staff Ademola Oni and Esther Afolabi were involved in the process that saw the banks recorded a shortage of over N340 million in the mutilated currency deals between 2010 and 2013.

Oyelakin, who is the Team Leader, Inspection Department, at the Southwest Regional Office of Wema Bank, Ibadan, gave details of how the accused persons allegedly replaced several packs of mutilated N1,000 notes with N10, N20, N50 and lower denominations to gain over N340 million.

The transactions were carried out with 173 boxes which were supposed to contain N1.7 billion but which fell short of over N340 million.

The boxes were safely delivered to the CBN until a petition stirred up the investigation that revealed the alleged multiple deals involving staff of CBN and the commercial banks.

During investigation, Oyelakin said about 95 per cent of the currency wraps were not signed whereas minimum of three signatures were needed on each of them.

She revealed that other bank records including the Volt Movement were used to trace those involved in the alleged scam.

Three CBN staff – Kolawole Babalola, Olaniran Muniru Adeola and Togun Kayode Philip – and three Wema Bank staff are standing trial on a 20-count charge of conspiring to defraud banks in the mutilated currency scam.

Ademola Oni, Esther Afolabi and Ademola Ebenezer Adewale are the Wema Bank staff involved in the case.

http://thenationonlineng.net/bankers-defrauded-wema-bank-cbn-witness/

"When ing thru this world of sin.....Let others see Jesus in you..."

inability to do this has led this people into crime. Land, Houses, investments, etc now gone into the hand of EFCC. Nemesis on earth


FTC

f

Ok

Hmm

Owo o

I remeber the Movie: Mad Money~

Nigerians are not smiling

Front page for the third time........ Okay lemme read d news nw.

Nah lie joor

These people just wanna get rich by whatever means.

JUST IMAGINE! THIS CORRUPTION HAS EATEN INTO THE SYSTEM OF SOME NIGERIANS

Please has the President signed the budget
Am waiting to collect my share its my time to make it

Ma fellow nairalanders y b say una go run go comment first before una read da post.... Thats by da way sha.... And the duping continues.... :* I am spells Pete n I just want to make common sense

South West again. Oh Lord

nothing pesin nor go hear/see for this country... Though bank staffs have been defrauding their banks n customers since in Nigeria since 1770.... It haff tey ... So tey demand defraud cbn .... Guys ain't ☺ at all.

oga o, too bad

Na dem play d music, dem go face am na ni

A very stale news. Just that they are silent on the case now, what we heard last was court hearing and adjournment. Unless you tell me the judgement has been ed, I don't know why u mentioned it now

Hmmm

plenty days for d tif....

end time thieves

ijustdey:







http://thenationonlineng.net/bankers-defrauded-wema-bank-cbn-witness/

this remind me of this movie thing title



MAD MONEY

Queen Latifas Mad Money.

Nawa o, corruption everywhere.

Am still wondering if corruption is d DNA of 9ja citizens. No where is spared of this cancker worm tagged: kworuption! Not even church, mosque, school, banks. It's too bad!

Corruption in every sector of economy

seunlayi:
"When ing thru this world of sin.....Let others see Jesus in you..."

inability to do this has led this people into crime. Land, Houses, investments, etc now gone into the hand of EFCC. Nemesis on earth


FTC

Your Life's a book before their eyes, let others see Jesus in you.

Now you know why a bank teller (and even ATM machines) will pay you mutilated and deformed Naira notes. Corruption is in our system. Shame!

The names don't fit, everyone is in a blame bankers mode....if it was "Uche" them go switch to bigot mode.
Issorai.

Whats the name of this American movie I watched recently?