[ 2015-06-02 ]

6 top Nigerian bankers arrested over '$30m scam'
Nigeria's anti-corruption agency has arrested six
senior central bank officials over an alleged $30m
(£20m) currency fraud.

The Economic and Financial Crimes Commission
(EFCC) also held 16 private bank workers for the
"mega scam".

The suspects stole "tonnes of defaced naira
notes", which were meant to be destroyed, it said
on its website.

Newly-installed Nigerian President Muhammudu
Buhari has pledged to make tackling corruption a
priority.

The suspects allegedly filled boxes supposed to
contain damaged currency with bits of newspaper
cut into the shape of naira notes, before sending
them to branches of the Central Bank of Nigeria
for destruction, according to the EFCC.

The actual banknotes were held back so that they
could be reused, it adds.

The EFCC said the fraud had contributed to the
failure of the government's policy of reducing
inflation in recent years.

Source - Starrfmonline

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