Police Interrogate Osun: Ex-Commissioner over N130m Fraud

12 Feb 2012

Views: 3,617

Font Size: a / A

1111N.Police-Headquarters.jpg - 1111N.Police-Headquarters.jpg

 Police Headquarters

From Tunde Sanni  in Ibadan

Detectives in the Osun State Police Command are now interrogating a former commissioner for finannce and economic planning in the state, Mr. Adetoyese Ojo, over an alleged N130million fraud.

Ojo, who  served in the immediate past administration of Prince Olagunsoye Oyinlola is being questioned  at the State Criminal Investigation Department, over the non-repayment of a loan he guaranteed without Oyinlola’s authorisation.

Sources said  the former commissioner was arrested at his home town Erin-Osun by detectives following futile efforts to make him refund the loan.

Osun State Police Commissioner, Mr. Olusegun Solomon, confirmed the arrest of Ojo,  adding that investigation has commenced  into the matter.

According to him, the former commissioner would be arraigned at the end of investigation.

Checks by THISDAY revealed that Ojo had floated an auto registration company, Strong Passion Concept Nigeria Limited, to handle the state’s electronic motor licensing project, and used his position to secure a loan of N60million for the company in 2008 without the consent of the state government.

It was learnt that during the implementation of the project, the former commissioner wrote the bank without the knowledge of Oyinlola to guarantee the loan.

When the state government discovered that the company secured the  loan illegally, it raised a  committee which indicted Ojo for wrongdoing and recommended that he should refund the money with the accumulated interest.

As at the time Oyinlola left office in November 2010, the loan and accumulated interest had risen to N90million and at present, it has shot up to about N130million.

"The reports of the House committee will not be swept under the rug. I will not agree with you that past probes did not yielded results.

All I can say is that the people should not be pessimistic about this. I promised that this ongoing subsidy probe will yield result,"  he added.

Tags: Nigeria, News, Police Interrogate Osun

Comments: 0


Add your comment

Please leave your comment below. Your name will appear next to your comment. We'll also keep you updated by email whenever someone else comments on this page. Your comment will appear on this page once it has been approved by a moderator.

comments powered by Disqus