Authority of Nigeria (FAAN), Christy Olabode,
has been
arrested by the Economic Financial Crimes Commission
(EFCC) for an alleged fraud of N100 million.
Also arrested were her younger brother, Abdul-Shehu Obaze , who
worked at the commercial department of FAAN in Ilorin and
Dominic Ojo , an IT officer at the headquarters in Lagos, the EFCC
said in a statement.
In the statement issued in Abuja on Friday, August 5, by the
Commission's spokesman, Mr. Wilson Uwujaren, the arrest
followed an anonymous petition, which indicated that the
accountant allegedly diverted the said sum by inserting names of
non-FAAN staff into its payroll.
The statement said she allegedly conspired with Obaze, who was
found to have maintained not less than eight accounts in seven new
generation banks to perpetrate the fraud.
The banks were used to receive the funds for onward distribution to
some high ranking officers in FAAN.
"The funds were being paid into his various bank accounts with
the narrative, Furniture Allowance," the statement said.
"However, while the allowance for FAAN's furniture is usually
paid once in three years, Obaze received the allowance several times
in a year.’’
It added that investigations by the EFCC revealed that the fraud
had gone on since 2013.
It further added that the investigations unearthed a payroll with
names of many dead, retired and disengaged staff of FAAN listed
against Obaze's different bank accounts.
has been
arrested by the Economic Financial Crimes Commission
(EFCC) for an alleged fraud of N100 million.
Also arrested were her younger brother, Abdul-Shehu Obaze , who
worked at the commercial department of FAAN in Ilorin and
Dominic Ojo , an IT officer at the headquarters in Lagos, the EFCC
said in a statement.
In the statement issued in Abuja on Friday, August 5, by the
Commission's spokesman, Mr. Wilson Uwujaren, the arrest
followed an anonymous petition, which indicated that the
accountant allegedly diverted the said sum by inserting names of
non-FAAN staff into its payroll.
The statement said she allegedly conspired with Obaze, who was
found to have maintained not less than eight accounts in seven new
generation banks to perpetrate the fraud.
The banks were used to receive the funds for onward distribution to
some high ranking officers in FAAN.
"The funds were being paid into his various bank accounts with
the narrative, Furniture Allowance," the statement said.
"However, while the allowance for FAAN's furniture is usually
paid once in three years, Obaze received the allowance several times
in a year.’’
It added that investigations by the EFCC revealed that the fraud
had gone on since 2013.
It further added that the investigations unearthed a payroll with
names of many dead, retired and disengaged staff of FAAN listed
against Obaze's different bank accounts.
posted from Bloggeroid
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