The Economic and Financial Crimes Commission, EFCC, Lagos Zonal office, has commenced investigation into the allegation of N150 million fraud rocking the Lagos State Scholarship Board.
The suspects were Stephen Oshinowo, former Executive Secretary, Shobaloju Akinwunmi, Director, Accounts and Kasali Kamoru Amoo.
DAILY POST learnt that they are being investigated for alleged stealing, money laundering and abuse of office to the tune of over N150m.
EFCC spokesman, Wilson Uwujaren, disclosed this in a statement in Abuja.
He added, “Investigations revealed that the suspects fraudulently converted the money to their personal use through two companies, Julikam International Limited and Orsimolu Trading Solutions, while also using some pseudo names that benefited from the…