Former CBN Top executive arrested



A former principal manager of the Central Bank of Nigeria has been arraigned before a Federal High Court in Ado-Ekiti, Ekiti state by the Economic and Financial Crimes Commission (EFCC). Johnson Babatola who was formerly working at the Ado-Ekiti branch of Nigeria’s apex bank is alleged to have been operating an illegal Polytechnic. Babatola was arrested after a petition was written against him by the National Board for technical Education in Kaduna state. The petition, Wilson Uwujaren, the EFCC’s spokesperson said, alleged that Babatola operated a Polytechnic named Teedek Polytechnic at Ilogbo, Ekiti state. He was said to be involved in extorting money from gullible students who were not aware of the status of the said institution. READ ALSO: Man sacked just 2 hours after resuming new job in Lagos The anti-graft agency further charged the accused person to court before Justice Taiwo O. Taiwo on a seven-count charge bordering on Advance fee fraud and operation of illegal Polytechnic. One of the charges read: “That you John Babatola sometime between the month of August, 2013 and March 2015 at Ilogbo Ekiti within the jurisdiction of this Honourable Court with intent to defraud obtained the sum of N118,000.00 (one hundred and eighteen thousand naira) from Adakeja Thomas Olusola, when you falsely represented that the money represented tuition fees towards the award of National Diploma Certificate by Teedek Polytechnic and thereby committed an offence contrary to Section 1 and punishable under Section 1 (3) of the Advance Fee Fraud and Other Related Offences Act 2006.” Having pleaded not guilty to the crime, the defence counsel Clatus Nachata made an oral bail application from the court.


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