Kogi State government announced Friday that it had uncovered an N8.4 billion fraud at the Kogi State University.
The Director-General, Media and Publicity to the state governor, Kingsley Fanwo, told newsmen in Lokoja that three suspects had been arrested in connection with the fraud.
“The suspects perpetrated the fraud by including names of ghost workers into the payroll of the institution.
“They (suspects) work in the accounts department of the school and committed the fraud by stealing N100 million per month over a period of seven years,” Fanwo said.
According to NAN, Fanwo said the fraud was discovered during the just concluded staff screening exercise.
The suspects have since been handed over to the police for investigation and prosecution.
Omoleye Omoruyi… an apprentice web/game developer, novelist, sensitive to happenings in the world. Meet him @Lord_rickie on Twitter/Instagram
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