EFCC arrests FAAN worker over alleged stealing of N70m

The Economic and Financial Crimes Commission has arrested an officer of the Federal Airports Authority of Nigeria, FAAN, Christy Olabode over alleged diversion and stealing of N70m belonging to the agency.

Olabode had worked in the Accounts Department, where she allegedly diverted the said amounts between 2013 and 2016.

The level six officer was using different accounts of FAAN employees until the fraud was discovered by the management.

According to PUNCH, Olabode was exposed by the Information and Communications Technology Department in July and was subsequently moved to a different section of the Accounts Department.

“The management set up a committee, which investigated Olabode who promptly named others involved in the fraud and they were swiftly suspended,” a source said.

“The Economic and Financial Crimes Commission operatives who got wind of the matter decided to investigate it and arrested the suspects on Tuesday.”

According to the source, FAAN has concluded plans to set up an audit team to further investigate financial transaction in the department.

“Plans are in place to further modernise FAAN’s accounting system, explore new ways to boost revenues and also to continuously monitor activities of personnel involved in revenue generation and accounting,” he said.

“We hope that EFCC would unravel the details of the fraud, punish those involved and also work with management to forestall such from happening again.”

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