EFCC to Probe Missing #7.8 Billion in JAMB

The Economic and Financial Crimes Commission (EFCC) has started the probe of missing funds in Joint Admissions and Matriculation Board (JAMB) between 2010 and 2016. According to the investigation, EFCC wants to ascertain the misappropriation of an alleged N8.7billion fraud in the board.

More than fifteen suspects have already been fingered as the brains behind the missing of that funds and they are expected to be tried in court as soon as investigation is concluded.

Among them are some zonal heads and state coordinators. One of the suspects facing trial is a female accountant, Philomena Chise, whose sensational claim that  a snake swallowed N36million raked in from the sales of e-facility cards rocked the nation. Chise later told EFCC operatives that the said N36milion was disbursed as an I-Owe-You advance to cash-strapped staff.

The N8.7billion alleged fraud is said to have predated the present JAMB management, led by Prof. Ishaq Oloyede. A document detailing the alleged fraud and sighted says the large sum was revenue from sales of e-facility cards and change of course cards which ended in private pockets.

“The remittance of over N8billion by Oloyede to the Federal Government as revenue led to the Forensic Investigation of Financial Activities of JAMB between 2010 and 2016 by Faithpro Consulting Auditing Associate (Financial and Management Consultants),” it says.

“The forensic investigators came up with N8.7billion shortfall within the same period which the EFCC has been investigating. There are about 15 suspects who may face trial in the first batch.”

Some of the states where the fraud was detected include Benue, Nasarawa, Kano, Kogi, Plateau, Gombe, Yobe and Edo.

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