FAAN staff arrested for diverting N70m

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A level six officer with the Federal Airports Authority of Nigeria, FAAN, Christy Olabode, has been arrested by the Economic and Financial Crimes Commission.

Olabode was arrested for allegedly diverting and stealing N70m belonging to the agency.

The accused, before her suspension had worked in the Accounts Department, where she diverted the said amounts between 2013 and 2016, using different accounts of FAAN employees until the fraud was discovered by the management.

Punch quoted multiple sources as saying that Olabode was exposed by the Information and Communications Technology Department in July and was subsequently moved to a different section of the Accounts Department.

“The management set up a committee, which investigated Olabode who promptly named others involved in the fraud and they were swiftly suspended,” the source, who did not want to be named because he was not authorised to speak on the matter, said.

“The Economic and Financial Crimes Commission operatives who got wind of the matter decided to investigate it and arrested the suspects on Tuesday.”

“Plans are in place to further modernise FAAN’s accounting system, explore new ways to boost revenues and also to continuously monitor activities of personnel involved in revenue generation and accounting.

“We hope that EFCC would unravel the details of the fraud, punish those involved and also work with management to forestall such from happening again”, he said.
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