Former CBN Principal Manager ARRESTED!


The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office on Monday arraigned before a Federal High Court, Ado-Ekiti, an illegal polytechnic operator.

The alleged illegal operator, Johnson Babatola was arraigned before Justice Taiwo Taiwo on a 7-count charge bordering on Advance fee fraud and operation of illegal Polytechnic.

Babatola, a former Principal Manager of the Central Bank of Nigeria, Ado-Ekiti branch pleaded not guilty to the charges

The EFCC said that the suspect was arrested following a petition from the National Board for Technical Education in Kaduna, alleging that he was operating an illegal Polytechnic named Teedek Polytechnic at Ilogbo, Ekiti State.

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 accused failed to stop the fraudulent act and as such continued to fleece innocent students through the Polytechnic.

The petitioner said that Babatola had sometime between the month of August, 2013 and March 2015 intended to defraud Adakeja Thomas Olusola at Ilogbo Ekiti within the jurisdiction of the court.

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