EFCC Nabs FAAN Personnel Who Diverted Agency’s N70m

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EFCC Operatives

An employee of the Federal Airports Authority of Nigeria, FAAN,identified as Christy Olabode has been arrested by the Economic and Financial Crimes Commission (EFCC).

Olabode’s arrest followed an alleged connection with fraudulent act involving theft and diversion of N70 million belonging to the agency.

Olabode who worked in the Accounts Department og the agency before her suspension was alleged to have diverted the sum between 2013 and 2016 using different accounts belonging to the agency’s employees to perpetrate the fraudulent act.

According to news agency, Punch, the suspected criminal was exposed by the Information and Communications Technology Department of the agency in July which resulted in Olabode’s transfer to a different section within the Accounts Department.

A source privy to information on the case said: “The management set up a committee, which investigated Olabode who promptly named others involved in the fraud and they were swiftly suspended.

“The Economic and Financial Crimes Commission operatives who got wind of the matter decided to investigate it and arrested the suspects on Tuesday.”

“Plans are in place to further modernise FAAN’s accounting system, explore new ways to boost revenues and also to continuously monitor activities of personnel involved in revenue generation and accounting”.

The source further added: “We hope that EFCC would unravel the details of the fraud, punish those involved and also work with management to forestall such from happening again”.

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