Nigeria In One Minute
N20b UBEC ‘fraud’: EFCC seizes 5 houses from contractor
The Economic and Financial Crimes Commission (EFCC) has seized five houses from a contractor Prof. Adenekan Iyiola Adesanya for allegedly diverting about N8billion out of over N20billion spent by the Universal Basic Education Commission (UBEC) for the supply of textbooks, science and technical equipment to schools.
The N8billion was meant for the purchase of science, technical and laboratory equipment to 104 Unity Schools.
The suspect, who is also the Managing Director of Macmillan, was alleged to have paid out N5billion to some individuals and used part of the balance to buy some properties.
The Nation, January 25, 2018
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