Lagos, Nigeria (CNN)Six
top executives in Nigeria's Central Bank are facing charges following
the alleged theft of the equivalent of more than $40 million.
The
suspects are accused of replacing Nigeria's old, defaced and mutilated
naira notes, meant for destruction, with newspaper cut into the shape of
the naira notes.
The newspaper was
then destroyed and the old currency recycled back into the economy,
according to Nigeria's Economic and Financial Crimes Commission. Sixteen
other commercial bankers have also been arrested and charged with
conspiracy.
"They literally allowed
greed and craze for materialism to becloud their sense of judgement and
responsibility," reads a statement from the EFCC. Read more on cnn.
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