EFCC Arrests Former CBN Manager For Illegally Running a Polytechnic


Yesterday, 10th October, the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office brought in one Johnson Babatola to a Federal High Court in Ado-Ekiti for allegedly operating a polytechnic illegally.

Johnson Babatola, a former Principal Manager of the Central Bank of Nigeria (CBN), Ado-Ekiti branch
was arraigned before Justice Taiwo Taiwo on a 7-count charge bordering on Advance fee fraud and operation of illegal Polytechnic. However, he pleaded not guilty to the charges.

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The EFCC said that the suspect was arrested following a petition from the National Board for Technical Education (NBTE) in Kaduna, alleging that he was operating Polytechnic named Teedek Polytechnic at Ilogbo, Ekiti State without the approval of the board.

Johnson Babatola

Johnson Babatola

The board said that the accused had allegedly extorted gullible students, who were not aware of the status of the institution. The petitioner further alleged that some of the students of the Polytechnic had earlier reported the institution to the board and they had published the school as an illegal institution in some National Dailies.

It said that the Babalola failed to stop the fraudulent act and continued to rip-off from the purses of the innocent students through fees. The petitioner also said that between the month of August 2013 and March 2015 Babatola had the intentions of defrauding Adakeja Thomas Olusola at Ilogbo Ekiti within the jurisdiction of the court.

He planned to collect the sum of N118,000 from Adakeja, having falsely represented that the money was tuition fees. It said that the accused had told the victim that money was for the award of National Diploma Certificate by Teedek Polytechnic.

The offence contravened section 1 and punishable under section 1 (3) of the “Advance Fee Fraud and other Fraud Related Offences Act 2006”.

His counsel, Clatus Nachata, applied for his bail, which the prosecuting counsel, Sanusi Galadanchi, opposed, after which the Judge granted bail to the accused. Johnson Babatola has been asked to pay the sum of N2 million with two sureties, of which one must be the traditional ruler of Ilogbo-Ekiti and the second must be one of those sureties during the administrative bail earlier granted him by the EFCC.

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He said that both sureties shall depose to an affidavit of means and all the documents verified by the EFCC during his administrative bail shall be deposited with the registrar of the court.

The accused person shall deposit his international passport with the court and be remanded in prison custody pending the perfection of his bail conditions. Taiwo adjourned the case till October 18, October 24 and October 27 for hearing.