FAAN Staff Arrested By EFCC For N100 Million Fraud


The Economic and Financial Crimes Commission (EFCC)  has arrested one Christy Olabode, a FAAN staff with the Federal Airports Authority of Nigeria, Lagos, for fraud.

The level six officer of the Accounts Department of FAAN was picked up by the EFCC for an alleged fraud to the tune of N100 million.

Obaze was found to have maintained not less than eight accounts with pseudonyms in seven new generation banks.

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These were used to receive the funds for onward distribution to several high-ranking officials within the government.

The funds were being paid into her various bank accounts with the narrative, “Furniture Allowance”.

However, while allowance for FAAN’s furniture is usually paid once in three years, Obaze received the “allowance” several times within a year.

FAAN Staff In EFCC Net For Fraud

Also arrested was her younger brother, Abdul-Shehu Obaze, a staff at the Commercial Department of FAAN in Ilorin, Kwara State, and Dominic Ojo, an IT officer at FAAN Headquarters, Lagos.

Her arrest followed an anonymous petition, which indicated that she allegedly diverted the said sum, by inserting names of non-FAAN staff into its payroll.

She allegedly conspired with Obaze, to perpetrate the fraud.

Investigations carried out by the EFCC revealed that the fraud had been going on since 2013.

It discovered a payroll with names of many dead, retired and disengaged staff of FAAN listed against Obaze’s different bank accounts.

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Upon interrogation, Obaze, a level nine officer, confessed that other FAAN officials were involved in the massive fraud.

Also fingered in the fraud is Olabode’s husband who works in the Human Resources department of FAAN.

Olabode and Ojo both FAAN staff currently enjoy administrative bail, while Obaze remains in EFCC custody.

They would be charged to court as soon as investigations are concluded.