Nigeria: EFCC Arraigns Director for Defrauding Employees of N156 Million

9 October 2015

The Economic and Financial Crimes Commission, EFCC, yesterday, arraigned the duo of Adebola Adeseye Idowu and Isiah Kayode Ajisafe before Justice M.L Abimbola of the Oyo State High Court on a 16 count charge bordering on conspiracy, stealing, abuse of office, and contract inflation.

According to the spokesperson of the EFCC, Wilson Uwujaren, the accused persons are alleged to have connived and used their positions as Executive Director and Chief Accountant, respectively, to defraud their former employer, National Horticultural Research Institute, NIHORT, of various sums of money amounting to N156 million. The money was allegedly stolen by siphoning staff arrears during the implementation of 15 percent increments on consolidated emoluments and illegal deductions of 7.5 percent as pension fund. The accused persons were said to have pocketed N70, 000,000 purported to be meal subsidy.

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