Breaking News

KWSG, EFCC Must Investigate Damning Allegations Of Diversion Of Funds In SUBEB - Says JAACK

We are indeed taken aback with the revelation of monumental fraud in Kwara State Universal Education Board (KWSUBEB) where whopping N1.5bn was diverted by the past administration.

In a letter dated March 22, 2019 signed by Executive Secretary of Universal Basic Education, Abuja, Dr. Hamid Bobboyi showing outcomes of the commission's financial monitoring exercise conducted in Kwara State as at December, 2018 there are grievous allegations therein.

Kwara SUBEB was alleged of operating three different bank accounts; two with Skye bank and one with sterling bank. They are: Skye bank account - 1750018535, Skye Bank account - 4060009477 and Sterling bank account - 0023703028.

It is against the operational rule of UBEC for Kwara SUBEB to operate more than one bank account in the first instance.

The commission is seeking an urgent refund of N450m which Kwara SUBEB diverted in a shady deal of N1.5bn it took under pretence of having a matching fund when it actually went a borrowing.

It is worrisome that, since 2014 Kwara SUBEB has not been able to draw a kobo from UBEC in Abuja because it was blacklisted as a fraudulent entity.

This is one of the reasons, all public basic schools in the state are in total state of decrepit owing to sharp practices by the last administration in the State.

We are compelled to call on the State government to institute an investigation into the votebook, contractors' ledger and asset register etc of Kwara SUBEB with a view to lifting state of education infrastructures in the State.

We are equally confident that, this case should interest Economic and Financial Crime Commission (EFCC) to unravel the rot that has denied many school children functional education.

Joe Mahmud
Organizing Secretary,
Joint Active Citizens Against Corruption in Kwara (JAACK),

No comments