Nigeria's graft watchdog sues CenBank officials over fraud - CNBC Africa

Nigeria's graft watchdog sues CenBank officials over fraud

Western Africa

by Reuters 0

Nigeria's anti-corruption body on Tuesday charged officials from the central bank.

Nigeria's anti-corruption body on Tuesday charged officials from the central bank and commercial banks in court over an 8 billion naira ($40 million) currency fraud, a lawyer to the agency said.

The Economic and Financial Crime Commission (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 the southwestern city of Ibadan, Rotimi Jacobs, a lawyer for the EFCC, told Reuters.

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.

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