N83.5m fraud, EFCC prosecutes suspects.

The Ibadan Zonal office of the Economic and Financial Crimes Commission(EFCC) has arraigned three staffers of the Osun state Environmental Protection Commission.

Adegoke Adebayo, Ayodele Sunday and Adelowo Adewole, are alleged to have been involved in a N83,500,000 loan fraud.
The said sum which was obtained as loan was embezzled after falsification of documents to access the funds.

The suspects who pleaded not guilty are being charged with 10-counts bordering on conspiracy, abuse of office, stealing, forgery, altering and obtaining money under false pretence from First Bank Nigeria PLC.

Justice Ladiran Akintola of the Oyo State High Court, adjourned the matter to October 14 for the hearing of the bail application brought before the court by the defence counsel. The defendants will be remanded in the custody of Nigerian Correctional Service until hearing for their bail application is concluded.

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