Crime News

EFCC investigates ex-Lagos Scholarship Board boss, Oshinowo, others over alleged N150m fraud

LAGOS, Nigeria – The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has commenced investigation into the allegation of N150 million fraud rocking the Lagos State Scholarship Board.

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The suspects were Stephen Oshinowo, former Executive Secretary, Shobaloju Akinwunmi, Director, Accounts and Kasali Kamoru Amoo.

We gathered that they are being investigated for alleged stealing, money laundering and abuse of office to the tune of over N150m.

EFCC spokesman, Wilson Uwujaren, disclosed this in a statement in Abuja.

He added, “Investigations revealed that the suspects fraudulently converted the money to their personal use through two companies, Julikam International Limited and Orsimolu Trading Solutions, while also using some pseudo names that benefited from the scheme.

“The suspects had been invited for interrogation by the Commission earlier this month, following intelligence reports received about their alleged involvement in the fraud.

“They, however, reported to the Commission on Tuesday, November 26, 2019 for interrogation.

“While the second and third suspects, Akinwunmi and Amoo, have been granted an administrative bail, the first suspect, Oshinowo, remains in the EFCC custody pending the conclusion of investigation.”

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