Tag Archives: Finance director

N1.5bn: EFCC Arrests Chairman, Finance Director Edo SUBEB

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The Economic and Financial Crimes Commission (EFCC) has arrested one the Executive Chairman and Director of Finance of Edo State Universal basic Education Board (SUBEB).

Daily Trust gathered on Wednesday that Stephen Aloa and Adams Osabuohien the Executive chairman and director of finance respectively were arrested by the Ibadan Zonal Office of the Commission.

According to EFCC sources they were arrested in connection with an alleged case of abuse of office, diversion and misappropriation of funds to the tune of one billion and five hundred million naira (N1.5bn)

It added that Edo SUBEB officials still being interrogated by the operatives of the Commission were arrested on Tuesday 22nd of November, 2016.

Alao and his accomplices allegedly inflated contracts, approved bogus weekly Duty Tour Allowances (DTA) for nonexistent conferences, used fictitious companies to defraud the board and sold Government properties without remitting same to Government account.

 The source said others fingered in the alleged fraud are still being investigated to ascertain their level of culpabilities.

Credit: dailytrust

Yahaya Bello Fires All Perm Secs, Finance Directors In Kogi

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The Governor of Kogi State, Alhaji Yahaya Bello, has directed all permanent secretaries and Directors of Finance in the state to proceed on compulsory leave with effect from Tuesday.

 

The Head of Service, Moses Atakpa, who issues the directive on behalf of the governor, asked all the affected officials should hand over the affairs of their various ministries to the personnel director s of the ministries.

 
Also, the state’s Accountant General was relieved of his duty, while his deputy was asked to proceed on a 30-day compulsory leave.

 
At the Local Government level all DGs, education secretaries are to proceed on compulsory leave.

 

Atakpa, however, said all those in acting capacity were excluded from this directive.

 

The Governor explained that the move was aimed at repositioning the state for effective growth.

 

Credit : Punch