EFCC Probes 120 Ogun Teachers Over N200m Loan Scam

The Economic and Financial Crimes Commission will today beginning the process of interrogating over One Hundred and Twenty school teachers in .

The teachers have been alleged to have been involved in a loan scam that has now amounted to a whopping Two Hundred Million .

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A minimum of twenty school teachers have been grouped to face the today, Monday July 7th, 2015.

Full Reports Below:

ABEOKUTA – A strong indication has emerged that the Economic and Financial Crimes Commission (EFCC) is set to quiz no fewer than 120 teachers in Ogun State over an alleged N200million loan scam on Monday (today).

Vanguard gathered that the anti-graft agency had invited the affected teachers through the state Teaching Service Commission (TESCOM) and would interrogate them at the commission’s office in .

The teachers, most of whom are in secondary schools in Abeokuta South Local Government Area of the state, allegedly obtained loans running into about N200million from First Bank Plc‎ since 2011 and defaulted in repayment.

It was gathered that the development‎ has since last week generated controversy between the teachers and TESCOM authorities over whether or not to honour the EFCC invitation.

Sources said the teachers have been grouped into six batches, with the first batch, comprising 20 teachers, billed to appear before the EFCC on Monday (today).



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