EFCC Arrests Edo SUBEB Heads Over N1.5bn Fraud

By Bright Bassey

The Ibadan Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested the Executive Chairman, Stephen Alao and Director of Finance, Adams Osabuohien of the Edo State Universal Basic Education Board, for an alleged N1.5 billion Fraud.

According to a source within the anti-graft commission, they were arrested on Tuesday and still under interrogation. The source revealed that the suspects allegedly inflated contracts, approved allowances for non-existent conferences and defrauded the board.

Others fingered in the alleged theft and are being investigated to know the extent of their involvement.



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