EFCC: We didn’t tamper with mutilated N900m notes

EFCC: We didn’t tamper with mutilated N900m notes
October 07
21:28 2019

The Economic and Financial Crimes Commission (EFCC) has denied reports that N900 million in its custody could not be accounted for.

The EFCC was reacting to reports that about N900 million mutilated notes kept in boxes in its custody “turned to paper”.

The money, allegedly meant to be exchanged for new notes, was said to have been stolen by two employees of the Central Bank of Nigeria (CBN).

In a series of tweets on Monday, the EFCC described the report as “very mischievous and a gross misrepresentation of facts of the matter”.

The anti-graft agency said “at no point were the boxes of the mutilated naira notes taken to the office of the EFCC”.

“The attention of the Economic and Financial Crimes Commission has been drawn to several online reports alleging that about N900 million of mutilated naira notes being subject of prosecution at the Federal High Court, Ibadan, and kept in several boxes in EFCC’s custody has turned to paper,” the tweets read.

“It is imperative to note that the case was reported to the EFCC by the CBN in 2015 and the parties involved are currently in court.

“In the course of investigations, EFCC operatives visited the CBN office in Ibadan to inspect the said boxes and discovered that the monies had been tampered with.

“This discovery was what informed the EFCC’s involvement in the case, resulting in interrogation of suspects and subsequent prosecution.

“Count one and two of the charge 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 5th August, 2014 in Ibadan within the jurisdiction of this Honourable Court, have by virtue of abuse of your office, being employees of Central Bank of Nigeria, contributed to the economic adversity of the Federal Republic of Nigeria.

“When you destroyed a box marked  ‘Counted Audited Dirty’ filled with Newspapers in place of a box containing N10,000,000 (Ten Million Naira) of N1,000 denomination and which activity led to the increase of money in circulation which the briquette exercise of Central Bank of Nigeria was intended to control. And you thereby committed an offence punishable under Section 1(2) (b) and Section 10 (1) of the Recovery of Public Property (Special Provision) Act, Cap. R4, Laws of the Federation Nigeria, 2014.

“At the last hearing, the Court mandated the EFCC to present them (the boxes) at the next hearing as evidence.

“This is a clear departure from the mischievous accounts of naysayers who erroneously misinterpreted the position of the court to claim that the boxes were tampered with by the EFCC!”

The EFCC advised the public to ignore such disinformation as it is “spread to cause harm and create doubt in the minds of citizens”.


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