EFCC operatives storm FAAN over funds diversion

By Olaolu Oladipo, Lagos 

Operatives of the Economic Financial and other Crimes Commission (EFCC) have stormed the corporate headquarters of the Federal Airports Authority of Nigeria (FAAN) over allegations suggesting that some members of staff were involved in diversion of funds  for private use. This is coming just as the agency said it has suspended the affected staff as operatives of the EFCC) have begun investigations into the matter referred to them by the management of FAAN.

The operatives who arrived in the afternoon in a Hilux vehicle combed relevant departments for documents that will assist them in the on going investigations in into the allegations, details of which is still being kept secret as at the time of filing these reports. 

The suspects were said to have diverted the agency’s funds into different personal accounts over certain period of time until they were discovered by the management. 

A source hinted that upon discovery of the fraud, the management set up a committee, which investigated the major suspect who promptly named others involved and they were swiftly suspended.

It was learnt that it was when the committee drilled the main suspect who confessed that some of the monies were sent to her brother’s accounts, that prompted the management to further invite more suspects who were subsequently suspended.

FAAN  it was also leant has  concluded plans to set up audit team to further investigate financial transaction in the department.

The objective of the audit, a source said  is to carry out investigation on the activities of the personnel in the accounts and commercial departments, to close all loopholes on the sources of revenues and to ensure that all revenues are captured and accounted for.

It was learnt that FAAN  after the audit  would further modernise its accounting system, explore new ways to boost revenues and also to continuously monitor activities of its personnel involved in revenue generation and accounting. 

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