EFCC Uncovers N5.78 Billion Fraud Linked to Former Kwara Governor
The Economic and Financial Crimes Commission (EFCC) has uncovered an alleged N5.78 billion fraud linked to former Kwara State Governor Abdulfatah Ahmed. The funds were meant for Universal Basic Education Commission (UBEC) projects, but were diverted during Ahmed’s administration from 2011 to 2019.
Key Allegations:
- Misappropriation of UBEC Funds: Ahmed and his former Finance Commissioner, Ademola Banu, allegedly diverted N5.78 billion meant for basic education projects in Kwara State.
- Unauthorized Use of Funds: The funds were used for purposes other than intended, including paying civil servant salaries and repaying loans.
- Abandoned Projects: Many educational projects were left unexecuted or abandoned due to the diversion of funds.
Ongoing Trial:
- Ahmed and Banu were re-arraigned on a 14-count charge bordering on alleged stealing and mismanagement of public funds.
- The trial has been ongoing, with several witnesses testifying against the former governor and his finance commissioner.
- The EFCC has presented evidence of the alleged fraud, including bank statements and project documents.
