Ondo NSCDC cooperative society hits by allegation of N300m fraud

By Samuel Faleye, Akure

 

The Executive of the Staff Cooperative Society of the Ondo State Command of the Nigeria Security and Civil Defence Corps (NSCDC) is currently enmeshed in a N300 million alleged misappropriation of fund.

 

 Some officers in the command had written a “save our soul letter” to the Commandant-General of the Corps, Mr. Abdullahi Gana Muhammed, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices Commission (ICPC) on the alleged fraud.

 

The petitioners are alleging that the State Executive members of the command allegedly sourced for a loan of N300 million from one of the branches of First Bank in the state without informing the congress.

 

They also alleged that the said loan after it was released by the bank was not used for the welfare of the members.

 

Some of the affected staff said despite a promise made by the State Command to bring those involved to book, they alleged officers are still moving freely in the command.

 

They said the alleged executive of the NSCDC cooperative society had involved in so many atrocities such as granting themselves and their loyalists in the command excess loans as well as involving in land racketeering.

 

As a result of the alleged financial misappropriation by the executives, an investigation revealed that the cooperative society of the command is currently in a state of comatose and liquidation 

 

An officer said, “The executive went ahead to access a loan of N300,000,000 from a branch of First Bank in Akure, with the collaboration of the manager of the bank, and a civilian, using fictitious names and accounts of the people that were not members of the Corps without notifying the Congress which is against the bye law of the NSCDC Cooperative Society.”

 

However, it was a leanrt that the command had arrested officers involved but after a while, they were said to have been released.

 

The NSCDC State Public Relations Officers (PRO), Mr. Kayode Balogun confirmed the development the alleged fraud.

 

Balogun, however denied that those officers allegedly involved in the crime had been released, saying they are currently cooling their heels at the Command headquarters in Akure.

 

He added that investigation is still on going on and the perpetrators, assuring that appropriate action would be taken against those involved.

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