8BN MUTILATED CURRENCY SCAM: TWO BANKERS BAG 18 YEARS JAIL TERM.{PHOTOS}.

              The Economic and Financial Commission,EFCC,yesterday wednesday 22nd March,2017 secured another conviction in the ongoing N8bn Currency Mutilation Scam before Justice Joyce Abdul Malik of the Federal High Court,Ibadan,Oyo State.In her ruling,the judge convicted and sentenced the duo of Toogun Kayode Philip and Afolabi Esther Olunike,former staff of Central Bank of Nigeria {CBN} and Wema bank respectively to eighteen years imprisonment on three counts to run concurrently.The convicts who were the 4th and 5th defendants amongst other former bankers standing trial in the ongoing CBN N8bn currency mutilation scam opted for a plea bargain hence,they were convicted accordingly.While Toogun,a former staff of the Central Bank of Nigeria,CBN bagged a three-year jail term on counts 15,17 and 19 respectively to run concurrently with effect from January 1st,2016,Afolabi got three years on count 16,18 and 19 respectively to also run concurrently with effect from January 1st,2016,Afolabi got three years on counts 16,18 and 19 respectively to also run concurrently with effect from January 1st,2016.
The court also ordered that Toogun forfeits to the Federal Government a 3 bedroom apartment situated at Oganla area,off Omi Sdio Apata Ibadan,Oyo State,the entire sum in his Access bank and First bank accounts with all the accrued interest as at the date of the conviction.Afolabi forfeits a 5 bedroom duplex situated at No. 8 Fatoke Street,Molete area of Ibadan,a borehole machine/rig,a filling station-Oba Oil Gas Limited located at Liberty Academy area of Ibadan,Oyo State.She shall also forfeit the entire sum in her accounts with First bank,Zenith bank and Guaranty Trust bank respectively.The convicts alongside other former bankers were arraigned on a 19-count charge bordering on conspiracy,conversion,forgery,and money laundering.More photos below.