A senior lecturer in the IT Department of Covenant University, Otta Ogun State is cooling off in the custody of Economic and Financial Crimes Commission after he confessed to have fraudulently diverted not less than N180 million to his private coffers.By the time the university woke up to his antics, he had succeeded in siphoning a whopping N180 million!
He was said to have bought some flashy cars which he kept in a mansion he bought with stolen funds in highbrow Lekki part of Lagos, even though he had a house in the school where he lived with his wife. The funds were mainly school fees paid by students. The fees were paid into the accounts of the university in designated banks but the disingenuous inventor found a means of diverting the money into his private account.The IT guru was promptly reported to the police, who arrested him. Covenant University authorities expected the police to fast track his prosecution but that was not forthcoming. Words got to the university that the suspected fraudster was greasing the palms of the police.
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