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A document which contains all the details of the alleged fraud revealed that money from the sales of e-facility cards and change-of-course cards ended up in the pockets of private individuals. 

 The Economic and Financial Crimes Commission (EFCC) has begun investigation into an alleged N8.7billion fraud in the Joint Admissions and Matriculation Board (JAMB) between 2010 and 2016.

According to TheNation, about 15 suspects have been shortlisted for trial in relation to the fraud. Some zonal heads and state coordinators are listed for trial. 

In 2018, Philomena Chieshe, a female accountant and one of the suspects, had claimed that a snake swallowed N36million, which was funds from the sales of e-facility cards. 

A document which contains all the details of the alleged fraud revealed that money from the sales of e-facility cards and change-of-course cards ended up in the pockets of private individuals.

The report read: “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).

“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.”

Benue, Nasarawa, Kano, Kogi, Plateau, Gombe, Yobe and Edo are some of the states where the fraud was said to have taken place, while Chieshe and Sale Umar (Benue), Labaran Tanko (Nasarawa), Daniel Agbo (Kogi), Yakubu Jekada (Plateau), Patricia Ogunsola and  Cyril Izireim Imoukhuede (Edo), Murtala Abdul (Gombe), Aliyu Yakubu (Kano), among others, are names of some of the suspects under investigation.

The report continued: “In Benue, out of the expected revenue of N124,180,000 from e-facility cards, only N88,700,000  was remitted, leaving a balance of N35.48million.

“The JAMB office in the state also received 10,210 change of course cards and instead of remitting N8,025,000, about N7million was paid into the designated account. About N1,025,000 is missing till date.

“Although JAMB’s preliminary findings claimed that Chieshe confessed that a snake swallowed the N36m unremitted cash, she told the EFCC detectives that the shortfall was an I-Owe-You advance to cash-strapped staff that are yet to refund same.”

For Yobe state, JAMB employees arguments was that they had “lost sale records because of attacks on Damaturu by Boko Haram”.

Edo State employees had similar claims “where N26,400,000 is missing. Out of the expected revenue from e-facility cards of about N123,933,000, only N97,533,000 was paid into the relevant account.

“In Gombe, about N40,004,000 sales revenue was realized but only N29,073,000 was remitted leaving a balance of N10,269,000.

“An officer in Kano, in his efforts to cover up for 20,000 unaccounted cards, worth N20million, cut carbon papers in the form of e-facility cards and returned these cards as unused.

“Investigation revealed that Mr. Labaran Tanko was the JAMB State Coordinator of Lafia Office, Nasarawa State between 2011 and 2016.

“Investigation revealed that within the period of his tenure, Nasarawa State Office revealed a total of 24,882 e-facility cards out of which 24,037 were unsold, while 845 were sold at the rate of N1,000 each. The expected revenue was N845,000 realized  and remitted to JAMB.

“However, he claimed that the remaining 23,147 cards got burnt in an accident he had along Lafia-Akwanga Expressway, while 890 cards were missing.

“Meanwhile, contrary to his submission, forensic evidence obtained from the IT Unit of JAMB showed that the cards were sold and utilized by candidates within Nasarawa State and its environs.

“This forensic evidence showed the name, phone number and purpose for which the cards were used. The expected revenue from the claimed burnt/missing cards was N24,037,000. The revenue from the cards, which were actually sold and utilized based on forensic evidence, was never remitted to JAMB.

“Also investigation revealed that 2,000 CBT cards were supplied to Nasarawa State Office which were never sold. Rather, the State Coordinator claimed that the said 2,000 CBT cards were among the cards that got burnt in a road accident along Lafia-Akwanga Expressway.

“Contrary to the claim, investigators recovered forensic evidence which showed that the cards were actually not burnt, but utilized by candidates within Nasarawa State and its environs. This forensic evidence further revealed the details of candidates that used the cards, such as name, phone number and purpose for which the cards were used.

“Further investigation revealed that 4,589 change of course cards were supplied to Nasarawa State Office of which they sold 1,426 at the rate of N2,500 each, while 3,163 cards were unused and same was remitted to JAMB. However, the State Coordinator claimed that the remaining 3,163 cards got burnt in the same road accident.”

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Billionaire, Femi Otedola to donate N1 Billion to help Nigeria fight Coronavirus

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Femi Otedola donates N1 Billion to help Nigeria fight Coronavirus ...

Billionaire businessman, Femi Otedola has revealed that he will donate the sum of One billion Naira to help Nigeria tackle the coronavirus outbreak.

Femi Otedola donates N1 Billion to help Nigeria fight Coronavirus ...

As of this moment, the total number of confirmed cases in the country is 65 with the Minister of Information, Lai Mohammed revealing that there could be even more cases, as practitioners are using ‘contact tracing’ to find over 4,000 more potential cases.

So far, Nigeria has been doing all it can to contain the virus but only 1 life has been claimed from the virus in the country

In more developments to curb the spread of the virus, state governments shut down activities and encouraged residents to self-isolate.

In the meanwhile, affluent Nigerians and other top firms have been donating to fund the fight against the virus. Popular Nigerian billionaire, Femi Otedola just recently announced his intention on social media.

The Billionaire generously followed in the footsteps of fellow billionaire, Tony Elumelu as the country unites to battle the global pandemic.

Otedola wrote on social media ;

“I will be donating 1 billion naira towards the eradication of COVID-19 across Nigeria.”

“We must all do what we can to flatten the curve.”

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JUST IN: 655 New Corona Virus Deaths Confirmed In Spain In The Last 24 Hours

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corona virus in spain

corona virus in spain

Spain has recorded another 655 coronavirus deaths in the last 24 hours.

Spain now stands as the fourth country with the most confirmed number of corona virus infected persons with over 4,000 confirmed deaths. Though Spain has recorded over 7,000 recovered cases, the number of infected persons is still high at 45,084.

In about 24 hours, Spain has recorded 655 deaths totaling a high number of 4,089 deaths. This means an average of 27 persons died in Spain due to coronavirus every hour.

This is huge! The World Health Organization (WHO) is definitely facing a tough time as other medical bodies a crossed the world battle for a vaccine for Corona virus.

With the increase in high numbers of confirmed deaths, the panic keeps getting high. The virus just took two weeks to overwhelm Spain. Nigeria is still recording 56 infected persons and 1 confirmed dead.

This is a wakeup call to everyone to stay at home, wash your hands regularly and adhere to other preventive measures as highlighted by world health organization.

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13 Yahoo-boys Arrested By FBI Over $30m Scam (See Their Names)

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About 13 Nigerians suspected to be internet fraudsters have been arrested by the FBI.

The Federal Bureau of Investigation, FBI, has arrested thirteen Nigerians, according to TheCable.

The report revealed that the suspects were arrested over alleged $30 million money laundering scheme in the United States.

The US department of justice said federal agents arrested 24 suspects for their involvement in the large-scale fraud which targeted citizens, corporations, and financial institutions throughout the country.

Those arrested and charged to a federal court in Atlanta include: Blessing Oluwatimilehin Ojo, Afeez Olaide Adeniran, Matthan Bolaji Ibidapo, Obinna Nwosu, Benjamin Ibukunoluwa Oye, Christopher Akinwande Awonuga, Ahamefule Aso Odus, Paul Chinonso Anyanwu, Chineda Obilom Nwakadu, Chukwukadibia Ikechukwu Nnadozie, Uchechi Chidimma Odus, John Ifeoluwa Onimole, Oluwafunmilade Onamuti

Two of the Nigerians, Afeez Olaide Adeniran and Blessing Ojo face a separate charge of wire fraud. The indictment alleges that Adeniran defrauded a homebuyer of $40,000 intended for a real estate transaction.

“The indictment alleges that due to a computer intrusion and false invoicing scam, Ojo caused a media company in California to send payments totaling $89,140 to a bank account controlled by one of the defendants. In total, the victim sent $646,840, as a result of the fraud”.

Using Business email compromise schemes, romance fraud scams, and retirement account scams, among other frauds, the suspects duped numerous victims into losing more than $30 million, the Department of Justice, Northern District of Georgia announced on Friday.

“Fraud schemes, like the ones perpetrated and facilitated by these defendants, inflict considerable losses on citizens, companies, and the financial system,” said U.S. Attorney Byung J. “BJay” Pak.

“Some of these schemes target the elderly and often deplete the victims’ entire life savings. These arrests affirm the Department of Justice’s commitment to prosecuting those who prey on our most vulnerable citizens.”

“The FBI would like to thank our numerous federal, state and local law enforcement partners who helped make these arrests possible,” said Chris Hacker, Special Agent in Charge of FBI Atlanta. “There is no way we can make the victims of these schemes, many who have lost their life savings, whole again. Hopefully, the arrests and pending prosecutions will at least give them solace that someone is being held accountable for their losses.”

According to U.S. Attorney Pak, “the indictment, and other information presented in court: The defendants served as money launderers for other individuals throughout the world who conducted cyber-enabled fraud, including business email compromise schemes, romance scams, and retirement account scams, targeted at companies and individuals across the United States.

The defendants and co-conspirators facilitated BEC schemes, romance scams, and retirement account scams by receiving and distributing fraudulent funds throughout the United States and the world. Over the course of the conspiracy, the defendants and their co-conspirators laundered over $30 million in fraud proceeds. The defendants created multiple sham companies that did not have physical premises, earn legitimate income, or pay wages to employees.

In turn, the defendants opened business bank accounts at multiple financial institutions to facilitate receipt of the fraudulent money. The defendants also opened personal bank accounts to receive fraudulent funds, often using false identities and victims’ identities. After funds were deposited into the defendants’ bank accounts, the money was quickly withdrawn from the accounts and circulated among the defendants.

Members of the public are reminded that the indictments only contain charges. The defendants are presumed innocent of the charges, and it will be the government’s burden to prove each defendant’s guilt beyond a reasonable doubt at trial.

The Federal Bureau of Investigation, Department of Labor, Office of Inspector General, U.S. Secret Service, and U.S. Immigration and Customs Enforcement’s Homeland Security Investigations are investigating this case.” he said.

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