EFCC Arrests 3 FAAN staff for stealing over N100 million using different accounts

The Economic and Financial Crimes Commission, EFCC, said it has arrested a level six officer of the Accounts Department of the Federal Airports Authority of Nigeria (FAAN), Christy Olabode, for an alleged fraud to the tune of N100 million.

Also arrested was her younger brother, Abdul-Shehu Obaze, a staff at the Commercial Department of FAAN in Ilorin, Kwara State, and Dominic Ojo, an IT officer at FAAN Headquarters, Lagos.
Her arrest followed an anonymous petition, which indicated that she allegedly diverted the said sum, by inserting names of non-FAAN staff into its payroll. She allegedly conspired with Obaze, to perpetrate the fraud.

Obaze was found to have maintained not less than eight accounts in seven new generation banks, which were used to receive the funds for onward distribution to “several high ranking officers within the FAAN”. The funds were being paid into his various bank accounts with the narrative, “Furniture Allowance”. Allowance for FAAN’s furniture is usually paid once in three years, but Obaze received the “allowance” several times within a year.

EFCC investigations showed that the fraud had gone on since 2013. It unearthed a payroll with names of many dead, retired and disengaged staff of FAAN listed against Obaze’s different bank accounts.

Upon interrogation, Obaze, a level nine officer, confessed that other FAAN officials were involved in the huge fraud, including his sister Christy Olabode’s husband, who works in the Human Resources department of FAAN.

Christy Olabode and Dominic Ojo are on administrative bail, while Obaze remains in EFCC custody. All those involved would be charged to court as soon as investigations are concluded.