KEBBI STATE GOVERNOR DISSOLVES GOVERNING COUNCIL OF ABDULLAHI FODIO UNIVERSITY ALIERO RELIEVES VC, OTHERS. (PHOTO).

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 KEBBI STATE GOVERNOR DISSOLVES GOVERNING COUNCIL OF ABDULLAHI FODIO UNIVERSITY ALIERO RELIEVES VC, OTHERS The Kebbi State Government has dissolved the Governing Council of Abdullahi Fodio University of Science and Technology, Aliero, and relieved the Vice-Chancellor and the two Deputy Vice-Chancellors of their appointments. A statement by the Secretary to the State Government, Yakubu Bala Tafida, says the decision follows the State Executive Council’s consideration of the visitation panel report. It adds that the Registrar and Bursar have also been removed, while the appointment of Abba Muhammad Adua has been terminated. The statement further discloses that Professor Samaila Arzika Mungadi has been appointed Sole Administrator, with a mandate to stabilise governance and restore academic standards pending the reconstitution of a new Governi The decision takes immediate effect.
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ALLEGED N71. 5M FRAUD: COURT ADJOURNS OKORONKWO'S TRAIL TILL OCT 29.(PHOTO).#PRESS RELEASE.

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 Alleged N71.5m Fraud: Court Adjourns Okoronkwo’s Trial till Oct 29


Justice F. O. Giwa-Ogunbanjo of the Federal High Court sitting in Independence Layout, Enugu State has adjourned the trial of an alleged notorious ponzi scheme operator, Chinedu Roland Okoronkwo, standing trial for  N71, 580, 000 (Seventy One Million, Five Hundred and Eighty Thousand Naira) fraud till October 29, 2024.


Okoronkwo is being prosecuted alongside his company, Reliance Microfinance Cooperative Society Limited by the Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on  36- count charges bordering on carrying out banking businesses without a valid licence, forgery and obtaining by false pretence to the tune of N71, 580, 000.


When the matter came up on Thursday, October 10, 2024, counsel to the EFCC, Blessing Obasi presented the Ninth Prosecution Witness, PW9, Abubakar Abubakar Abubakar, an operative of the Commission, who narrated how a petitioner alleged that he was lured into investing N25million in Okoronkwo’s company (Reliance Microfinance Cooperative Society Limited) after he was made to believe that he can take back his principal sum after ninety days. After the said duration, the petitioner demanded for his principal sum and interest but was allegedly denied.


 “Upon receipt of the petition, other petitions with similar complaints started flooding in and investigations commenced. 


Investigation was extended to the defendant’s accounts at Guaranty Trust Bank and United Bank for Africa. Several responses were gotten and in GTB, he had like 10 accounts and they were analyzed accordingly.


“The analysis revealed that the victims invested their money into the second defendant’s  company and the said money was not used for the said investment. He diverted the funds for his personal uses”.


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