Across Nigeria Corruption Matters Main News News

Alleged N7bn bailout scam: Ekiti commissioner, AG arrested as Fayose declares presidential bid

The Economic and Financial Crimes Commission has arrested the Ekiti State Commissioner for Finance, Chief Toyin Ojo, and the Accountant General, Mrs. Yemisi Owolabi, for their alleged roles in the diversion of N7bn.

The money was alleged to have been part of the bailout which was paid to the Ekiti State Government by the Federal Government.

The state was said to have received over N11bn from the Federal Government.

Incidentally, the arrests were made on the same day Governor Ayodele Fayose, formally inaugurated his presidential bid campaign.

The spokesman for the EFCC, Mr. Wilson Uwujaren, told one of our correspondents on the telephone that the suspects had ignored a series of invitations, leaving the commission with no choice but to arrest them.

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