EFCC Uncovers N275 Million Alleged Fraud at National Open University of Nigeria

The Economic and Financial Crimes Commission (EFCC) has brought to light a significant financial scandal involving the former Vice Chancellor of the National Open University of Nigeria (NOUN), Professor Vincent Ado Tenebe, and other staff members. The accused are alleged to have diverted over N275 million from the institution’s bank accounts.

According to the EFCC, the funds were siphoned through various companies linked to the accused individuals. The commission’s investigation revealed that a substantial amount of the diverted money was used to finance the renovation and completion of Sunflower Hotel in Kaduna, suspected to be the proceeds of the crime.

The EFCC’s motion on notice, filed before the Federal High Court in Abuja, details the intricate web of transactions that led to the misappropriation of public funds. The affidavit, deposed by EFCC staff Hayatudeen S. Ahmed, states that the suspects, who are currently at large, conspired with other NOUN staff to funnel the funds into companies where they had interests.

The case has drawn public attention due to the scale of the alleged fraud and the involvement of high-ranking officials within an educational institution. The EFCC has urged the court to prevent the sale or use of the implicated property and has called on any person with interest in the hotel to show cause why it should not be forfeited to the federal government.

This development is part of the EFCC’s ongoing efforts to clamp down on corruption and financial malpractice in Nigeria’s public sector. The outcome of this case is eagerly awaited, as it will set a precedent for accountability and governance in the country’s educational institutions.

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