• Football Predictions
  • Casino
  • Health
  • Travel
  • Crypto
  • News

How Civil Servant Allegedly Stole N103 Million Meant For Feeding Students In Federal Govt. Colleges

62.9KShares
838.7KViews

Over N100 million allocated for the use of three government universities in Ogun State, which he diverted for personal use, is currently being recovered by investigators from the Independent Corrupt Practices and Other Related Offences Commission, ICPC.

Over N100 million allocated for the use of three government universities in Ogun State, which he diverted for personal use, is currently being recovered by investigators from the Independent Corrupt Practices and Other Related Offences Commission, ICPC.

Olusegun Lawal, the suspect, robbed the three schools of monies set aside for student meal subsidies as well as payments to contractors working on development projects.

Federal Government College, Odogbolu, Federal Government Girls College, Sagamu, and Federal Science Technical College, Ijebu-Mushin are among the schools affected.

Over the course of two years, the suspect orchestrated a sophisticated heist in which cash intended for the three schools were diverted through the use of his and his associates' businesses.

COPYRIGHT_TNB: Published on https://www.thenigerianblogger.com/how-civil-servant-allegedly-stole-n103/ by Abeo Bunkechukwu on 2022-04-02T14:54:39.112Z

Neither did Mr. Lawal inform the appropriate authorities of Mrs. Iyabode's transfer, nor did he request the deployment or assignment of another co-signatory to the school.

As a result, in violation of civil service standards, Mr. Lawal was the only one who consistently signed checks for the two accounts' withdrawals.

Mr. Lawal is accused of orchestrating an extensive scheme that entailed the formation of bogus businesses, the establishment of accounts for them, and then the transfer of large quantities of money into the accounts in the hopes of supplying food or fulfilling contracts.

Oris Fish Industry Nigeria Ltd, SOG Best Concept, Oris Farms and Food, and Toyinlolu Gbade and Sons are some of the companies he allegedly set up to scam the system, according to investigators.

None of the firms was registered to operate any kind of business, according to the Corporate Affairs Commission.

Between February 2014 and March 2015, the companies received a variety of large sums of money from the suspect for unspecified jobs.

Due to a lack of finances to pay the required contractors while the sophisticated fraud was going on, development efforts at the three schools were stopped.

Due to financial difficulties caused by the federal government's diversion of monies granted to them, the schools were also unable to finance the nourishment of their pupils and employees.

Mr. Lawal told the school officials that the government had not transferred the statutory amounts into the pay office accounts when they asked why they were not receiving the money they were owed.

Mr. Lawal always claimed that he had not received any funds from the federal government whenever the bursars of the affected schools raised vouchers for the schools' financial needs and sent them to Mr. Lawal to credit the institutions' accounts as was the usual practice, according to investigations.

However, when contractors began leaving ongoing projects due to the inability of the schools to support such work, everything came to a climax.

The ICPC has granted Mr. Lawal administrative bail, allowing him to repay all of the money he is accused of stealing. There are still so many questions clamoring for answers even as officials strive to retrieve the stolen monies from him.

What kind of structure permits a government employee to siphon so much money for so long without being caught off guard? How may a key account signatory be removed from his or her position without being replaced? Although there are a lot of questions, the answers aren't always forthcoming.

Share: Twitter | Facebook | Linkedin

About The Authors

Abeo Bunkechukwu

Abeo Bunkechukwu - Up to date with all important news, Abeo Bunkechukwu a nutritionist, traveling expert, and professional gambler will offer you the best tips and strategies in these fields, and even more.

Recent Articles

  • How To Win A Bet - Beating The Odds

    Football Predictions

    How To Win A Bet - Beating The Odds

    Betting can be a thrilling and potentially lucrative activity, but how to win a bet consistently can also be challenging. While luck is always a factor, there are strategies you can use to improve your chances of beating the odds and winning your bets.

  • Counting Has Begun In Nigeria's 2023 Governor Elections, Which Have Been Rocked By Violence

    News

    Counting Has Begun In Nigeria's 2023 Governor Elections, Which Have Been Rocked By Violence

    Counting has begun in Nigeria's 2023 governor elections, which have been rocked by violence. Ethiopian Prime Minister Abiy Ahmed has announced the launch of a military operation against rebels in the Tigray region, in the north of the country.

  • Best Prediction App - Take Your Football Betting To The Next Level

    Football Predictions

    Best Prediction App - Take Your Football Betting To The Next Level

    Football betting can be both fun and profitable, but it can also be a risky endeavor. To make informed betting decisions, you need access to accurate and reliable predictions. That's where the best prediction app can come in handy.

  • How To Win A Bet Every Time - The Proven Strategy For Winning Football

    Football Predictions

    How To Win A Bet Every Time - The Proven Strategy For Winning Football

    Football betting is a popular pastime for many sports enthusiasts around the world, and while how to win a bet every time can be a fun and potentially lucrative activity, it can also be challenging to consistently win bets.

  • Maximizing Your Returns With A Solid Single Bet Strategy

    Football Predictions

    Maximizing Your Returns With A Solid Single Bet Strategy

    Single bet strategy is a popular strategy in sports betting, where a bettor places a bet on one outcome rather than multiple outcomes. While single betting can offer high potential returns, it's also a high-risk strategy as your entire bet is riding on the success of that one outcome.

  • Xnxubd 2023 Nvidia New - Maximize Your Graphics

    News

    Xnxubd 2023 Nvidia New - Maximize Your Graphics

    You may download, install, and manage your drivers with the help of a program named WWW Xnxubd 2023 Nvidia New Drivers. You can use it to manage your hardware and operating system more quickly and to stop your computer from malfunctioning due to outdated drivers. Continue reading to learn more about your XnXubd 2023 Nvidia updated drivers.

  • How To Win Bet - The Ultimate Guide To Betting

    Football Predictions

    How To Win Bet - The Ultimate Guide To Betting

    Betting can be an exciting way to potentially earn some extra cash, but it can also be a risky venture if you don't know what you're doing. How to win bet requires a combination of luck, knowledge, and strategy.

  • How To Make Money Betting - The Secret To Smart Football Betting While Enjoying The Game

    Football Predictions

    How To Make Money Betting - The Secret To Smart Football Betting While Enjoying The Game

    Football is one of the most popular sports in the world, and it's no surprise that it is also a popular sport for betting. Whether you're a seasoned bettor or just getting started, how to make money betting requires a combination of skill, knowledge, and strategy.

  • Soccer Platform Predictions - The Future Of Football Betting

    Football Predictions

    Soccer Platform Predictions - The Future Of Football Betting

    Soccer platform predictions have revolutionized the way we approach football betting, bringing data-driven and analytical approaches to the forefront of the industry. As the world of football continues to evolve and grow, so too do the tools and resources available for predicting the outcome of matches.

  • Winning Bet - Advanced Tips And Techniques For Maximum Profitability

  • Tinubu Wins Nigerian Presidency - Opposition Pledges Challenge

  • Football Prediction Machine - A New Era Of Football Betting

  • Nigeria 2023 Election - Early Results Of Election Begin To Arrive

  • How Nigerian Architecture Evolved