Justice Nathaniel of the Federal High Court sitting in Ibadan, Oyo State, has convicted and sentenced Tope Akintade, a former staff of Ecobank, to 2.5 years imprisonment on each of the three counts of stealing and conspiracy pressed against him by the EFCC.
Akintade was convicted for his complicity in the infamous N8 billion CBN currency mutilation scam. The convict is also to forfeit a Shopping Plaza and another property located in Ibadan, allegedly acquired with proceeds of crime.
One of the counts that sent Mr. Akintade to prison reads: “That you, Tope Akintade between 2010 and May 2011, did conspire with Kolawole Babalola, Olaniran Muniru Adeola, Toogun Kayode Phillips and John Paul to convert the sum of N490m which sum was illegally derived from CBN, to wit: by inducing the CBN to deliver the said sum to EcoBank Plc as against the actual sum of N79.8m."
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