EFCC Detains CU Staff Over Alleged 180Million Fraud

The Economic and Financial Crimes Commission Head, Media and Publicity, Tony Orilade, has confirmed the arrest of a member of staff of the Information Technology department of Covenant University, Ota, Ogun State, for allegedly diverting N180m school fees belonging to the school.

Orilade said, “I can confirm that a Covenant University staff has been with us for some days now over an alleged case of stealing reported by the Chancellor of the school.”

The diversion of the money was said to have taken years before the university discovered his alleged fraud.

The Chancellor of the university and Presiding Bishop of Living Faith Church Worldwide, Bishop David Oyedepo, reportedly described the staff’s lifestyle as “riotous”.

The suspect was said to have bought some flashy cars, which he allegedly kept in a mansion he bought with part of the stolen money at Lekki, Lagos, despite having a house in the school where he lives with his wife.