Breaking News

N600m scam: EFCC arrests 2 ETF officials

By Oscarline Onwuemenyi

ABUJA— The Economic and Financial Crimes Commission, EFCC, yesterday said it had arrested two directors of the Educational Trust Fund, ETF, over N600 million contract scam supposedly undertaken by the Fund.

The two directors, Alhaji Ahmed Abba and Arc. Abu Audu Matthew were arrested by officials of the anti-fraud agency last week for allegedly using about six companies they owned to defraud the Fund of over N600 million for the supply of educational materials to be used by pupils in schools.

Another unnamed man used by the suspects as front is said to be on the run.

The two ETF directors who are currently undergoing interrogations at the commission’s headquarters in Abuja, were said to have been picked up while at work by officials of the Commission, who also left the Fund’s headquarters in Abuja with some files regarding the transactions.

The Head of Media and Publicity of the EFCC, Mr. Femi Babafemi, who confirmed the arrest to Vanguard observed that the Commission had been investigating some of the contracts entered into by the ETF for supply of educational materials to schools across the country.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.