Witness Narrates How Former Lagos Scholarship Board Secretary Stole N127m


An investigator with the Economic and Financial Crimes Commission, Monday Moley, has narrated to a Lagos State Special Offences Court how a former Secretary, Lagos State Scholarship Board, Stephen Oshinowo, diverted the sum of N127m. Oshinowo was arraigned on an amended eight counts bordering on criminal conversion. He pleaded not guilty to the charges. Moley, while being led in evidence by the EFCC counsel, Usman Buhari, told the court that Oshinowo used his account domiciled in the United Bank of Africa to perpetrate each of the alleged fraud on the charge sheet. According to Moley, the defendant received the sum of N30 million in tranches of N10 million from the account of the Board domiciled with the FCMB for the use of staff welfarism and office renovation but later converted same to personal use. She said: “The commission froze the defendant’s UBA accounts and commenced an investigation into the allegations, but at the time of freezing the account, the defendant had converted parts of the proceed of the fraud to personal use. “Our investigation revealed that the defendant sent part of the proceed to his wife, Adenike’s account domiciled with Zenith Bank, pay for flight trips, supermarket sales, POS transactions and kept others in a fixed deposit account.” However, after the evidence of the witness, the EFCC counsel sought to tender the defendant’s statements to the court. But the defendant counsel, Lawal Pedro (SAN), opposed the submission of the statements on the grounds that the statements were obtained under physical and emotional torture. Following the arguments of the counsel, Justice Oluwatoyin Taiwo adjourned till March 7, 2021, for a trial within trial.

NB: Stories are shared by community members. The article does NOT represent the official view of NaijaWorld and the author is SOLELY RESPONSIBLE for this article

About Us
You can follow any community you find interesting, get your news, ask for advice, discuss sports, and voice your opinion. Upload photos, contribute stories, join discussions, and help other people find the best stories, videos, pics, games, and news by upvoting and downvoting posts. Share and discuss posts with other naijaworlders.
Related Stories
How To Create An Intelligent Enterprise That Future Proofs Business
Get Up To N10 Million NYSC Business Loan With A Winning Proposal Easily
Visa Everywhere Initiative For Business Startups – Apply
Is Capital Your Biggest Headache And Obstacle Right Now?
How Your Business Can Benefit From Email Marketing
Digital Checklist For Every Successful Business In Nigeria
Kidnapping Has Become A Booming Business, Says Masari
Security And Business Resilience Administrative Assistant Vacancy!!!
How To Optimize Your Online Business Using The Social Media SEO Strategies
6 Ways To Raise Business Capital... Joshua Udom