EFCC DETAINS IMSU VC, BURSAR OVER 500 MILLION NAIRA FRAUD

The economic and financial crime commission (EFCC), has arrested and detained the vice chancellor of the Imo State University ,Owerri Professor I.C Okonkwo, the bursar, Mrs U.A Nwogu and an administrative officer over an alleged 500 million naira fraud. the EFCC Spokesperson, Mr. Femi Babafemi ,confirmed that the trio were arrested last week and were being detained at the commission's facility in Abuja.

It was learnt that the commission's boss, Mrs Farida Waziri (AIG rtd) had ordered that a charge be preferred against them. Nigerian Tribune also learnt that a raid of Okonkwo's home by the commission's operatives led to the recovery of cash in different currencies running into several millions. A source gave the recovered cash as N4.5 million, $11,200, 700 Euros among others. He was said to have kept another 25 million naira which he allegedly collected from graduating students without receipts with one of his friends. Also reportedly recovered from his home during the raid were shares certificates of blue-chip companies, huge sums in his name and bank documents showing that he has nine accounts domicilled in four banks.