Economic and Financial Crimes Commission have cleared the first batch of 20 public secondary school teachers in Ogun State, who were invitated to the anti-graft agency over a N200m loan scam under investigation. 120 teachers were invited and divided into 6 batches.

The loan scam was allegedly perpetrated in one of the old generation banks (name withheld). The secondary school teachers denied ever having obtained any loan from the bank.

Upon investigations, the passport photographs and addresses provided by the bank did not correspond with that of the teachers.

It was also discovered that nearly all of the 20 teachers had no account with the bank. In addition, the state Teaching Service Commission had no hand in the matter.

The teachers faced no harassment from the EFCC. The first set are now cleared. The anti-graft agency is begining to suspect some officials of the bank.