N157m Payroll Fraud Uncovered at Kogi Poly, 5 Top Officials Indicted

The Kogi State Government has uncovered payroll fraud of N157, 350, 381 million, allegedly perpetrated by some senior staff in the Bursary Department of the Kogi State Polytechnic.

A total sum of N157, 350, 381 million was fraudulent diverted from the pause of the school by the alleged perpetrators through different means into their own private accounts for personal use.

The payroll fraud was allegedly perpetrated by five different officers from the Bursary Department of the School within the short period between August 2014 to May 2017.

The suspects are: Dr Okia Abel Adama, the School Bursar; Momoh Adeyanju Yahaya, the Chief Accountant for Part-time Program; Omale Isaac Damian, the Chief Accountant-Budget and Planning; Ebiloma Ilenwa, the Assistant Chief Acountant-Pay Roll, and Falodun Alfred Toyin, the Pay Roll Officer.

From the State Government Audit, the alleged frauds were perpetrated through different means such as:A fraudulent recycling of one off record salary arrears over a period of 24 months (2 years), everything amounting to N39, 217, 671.

“A total sum of N118, 122, 709.46 was misappropriated through the following manipulations:

“Illegal deductions of N41, 276, 193 million from staff salaries.

“ Excess of salary subventions of N76, 499, 516. 36 was allegedly diverted to their private pockets through their own personal accounts.

“The fund that was supposed to be meant for ANA dues amounted to N360, 000, was also diverted for personal use rather than remitting it to ANA account.

An official statement put the  total sum of  the scam at N157, 350,  381.

“All the five of them have been suspended by the Governing Council of the Institution and they shall be prosecuted by the State Government in order for them to face the consequences of their fraudulent actions.

“The State Executive Council on Wednesday gave the approval to prosecute the suspects, and subsequently directed the Attorney General and Commissioner For Justice to take the necessary judicial actions against them,”Petra Akinti Onyegbule, chief press secretary to the Governor said in a statement.