N8b currency scam: Accused stole N511m, witness tells court

Abiodun Alabadan, the second prosecution witness in the N8 billion Central Bank of Nigeria currency scam case, on Tuesday said the accused persons stole N511,312,33 cash.
Testifying before Justice Nathaniel Ayo-Emmanuel of the Federal High Court, Ibadan, Oyo State, Alabadan, an auditor with Sterling Bank of Nigeria, said he witnessed the inspection and counting of the money.
He said officers of the Economic and Financial Crimes Commission and the Central Bank of Nigeria were also present during the cash count.
Alabadan said Ibrahim Salami and Emmanuel Ordia with two others, now at large, were employees of Sterling Bank.
He said both men a connived with some CBN employees to replace the N1,000 denominations contained in all 61 boxes with cut newspapers or interleaf and lower denominations.
Alabadan also said that the 61 boxes of N1,000 denominations were supposed to contain N610 million in all.
Justice Nathaniel Ayo-Emmanuel, however, adjourned continuation of trial in the case until Wednesday.
Kolawole Babalola, Muniru Olanira, Kayode Togu and others are standing trial over multiple charges bordering on conspiracy and recirculation of mutilated currency at the Ibadan branch of CBN.