Six Central Bank of Nigeria officials and 10 others from some commercial banks faced trial today at the Federal High Court, Ibadan for alleged N8-billion fraud.

They were accused of recycling mutilatedN1000 notes.

Some of the officials involved are Isaac Amoo, Ayodele Festus, Oyebamiji Akeem, Ajiwe Sunday, Ayodele Aleshe, Idowu Akintunde (at large), all from First Bank of Nigeria.

They are standing trial on a 28-count charge including fraud, illegal possession of properties (possession of property worth more than the salary earned on a monthly basis), conspiracy and forgery. They pleaded not guilty.

Also, some officials of Wema Bank in persons of Oni Ademola, Afolabi Esther, Olunike Ademola, Ebenezer Adewale, Omotosho Abimbola were charged with 20 offences which include fraud, illegal possession of properties (possession of property worth more than the salary earned on a monthly basis), conspiracy and forgery. They all pleaded not guilty.

 Justice Adeyinka Faaj adjourned the case till Monday, June 8 and ordered the accused persons to be remanded in Agodi Prisons, Ibadan.