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EFCC arraigns ex-Scholarship Board boss over alleged N127m fraud

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EFCC arraigns ex-Scholarship Board boss over alleged N127m fraud


The Economic and Financial Crimes Commission (EFCC) on Thursday, arraigned Stephen Oshinowo, a former Executive Secretary, Lagos State Scholarship Board, for alleged N127m fraud.

The News Agency of Nigeria reports Oshinowo during the arraignment before Justice Oluwatoyin Taiwo of an Ikeja Special Offences Court, pleaded not guilty to the eight-count fraud charge.

According to the EFCC prosecutor, Mr Usman Buhari, the scholarship board boss committed the offences

between 2016 and 2018 in Lagos.

“Investigation revealed that Oshinowo, at various times, allegedly diverted to his personal use the total sum of N127.1 million meant for the Board.

“Sometime in 2018, he dishonestly converted N30 million property of Lagos State Scholarship Board, through one Oshinowo Adenike.

“Between Feb. 8, 2016 and Dec. 30, 2016 while acting as the Secretary of Lagos State Scholarship Board, dishonestly converted through Julikam International Ltd., the sum of N39 million,” the EFCC prosecutor said.

After the arraignment, Buhari asked for a trial date and also requested that the former civil servant be remanded at the correctional center.

The defence counsel, Mr Lawal Pedro (SAN), however, requested for a short adjournment for the hearing of Oshinowo’s bail application.

Justice Taiwo adjourned the case until July 3 for hearing of the bail application and ordered that the defendant be remanded in the custody of the EFCC.

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Edited By: Olawunmi Ashafa/Maharazu Ahmed (NAN)

Eniola Ayoola: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

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