LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL. (PHOTO). #PRESS RELEASE.

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 LASG ISSUES TRAFFIC ADVISORY AHEAD OF FANTI CARNIVAL The Lagos State Government has announced traffic diversions and restrictions ahead of the Lagos Fanti Carnival scheduled to hold on Monday, 6th April, 2026, around Tafawa Balewa Square (TBS), Lagos Island. In a bid to ensure a seamless and hitch-free carnival procession, vehicular movement will be restricted along major adjoining roads linking TBS. Affected Routes are; King George V Road (by Mobil Filling Station), Flag House inbound TBS, Force Road inbound TBS, Onikan Roundabout inbound TBS, and WaterBoy Roundabout by Old Defence House. Additionally, all link roads to Moloney Road, such as Military Road (by Old Defence Building), Ajasa Street, Boyle Street, and Hawley Street, will be closed to traffic during the event. To ease parking challenges, designated car parks have been arranged for public use, these include; the Yoruba Lawn Tennis Club Car Park, Zone 2 Car Park (opposite Island Club along King George V Road), Museum Kit...
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EFCC ARRESTS AUDITOR, CASHIER FOR ALLEGED N275M FRAUD IN UYO. (PHOTO). #PRESS RELEASE

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 EFCC Arrests Auditor, Cashier for Alleged N275m Fraud in Uyo


Operatives of the  Uyo Zonal Directorate of the Economic and Financial Crimes Commission EFCC, have arrested Sylvanus Edet Akpan, Auditor of Ubotex Limited, Uyo  and Akaninyene Enefiok Achibong,   Cashier,  for alleged criminal conspiracy, breach of trust, forgery and stealing by conversion to the tune of N275,000,000 (Two Hundred and Seventy Five Million Naira only).


 They were arrested separately  on April 25, 2025 and May 12, 2025 in Uyo, Akwa Ibom State. 


Their arrest was based on the claims of a petitioner who alleged that the duo manipulated the accounts of Ubotex Limited and fraudulently stole N275m from the company.  


 The petitioner allegedly employed the services of an external Auditor to review and audit  the financial activities of the company between 2021 and 2025 and discovered that the  suspects conspired and falsified account books and  defrauded the company of N275m by generating fictitious payment vouchers.


The auditors found out that the suspects also forged signatures of scheduled staff members saddled with various responsibilities and used the same to steal funds from the company.  The petitioner suspected that N200m was allegedly stolen by the suspects but when the external auditors completed their reviews, they discovered that N275m was actually stolen by the suspects.


  Both suspects admitted to the crimes and will be charged to court soon.

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