The Economic and Financial Crimes Commission, EFCC, has arrested an accountant with Covenant University, Ota, Ogun State, for alleged diversion of N180 million school fees belonging to the school.
The Commission’s Acting Head, Media and Publicity, Tony Orilade, who confirmed the arrest said, “I can confirm that a Covenant University accountant has been with us for some days now over an alleged case of stealing reported by the Chancellor of the school.”
The Chancellor of the University, Bishop David Oyedepo, who is also the Presiding Bishop of Living Faith Church Worldwide, aka Winners Chapel and founder of the University was said to have described the accountant’s lifestyle as “riotous.”
It was alleged that the suspect bought some flashy cars, which he kept in a mansion he bought with part of the stolen money at Lekki, Lagos, despite having a house in the school where he lives with his wife.
Reports have it that the diversion of the funds went on for years before the university could find out.