News
EXPOSED: EFCC Chairman Narrates How Ex-Gov Yahaya Bello Allegedly Moved $720k From Govt’s Account To BDC

….used Some Of It To Pay His Child’s School Fees till 2035
By Kayode Sanni-Arewa
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has narrated how the former Governor of Kogi state, Yahaya Bello allegedly moved $720,000 from the state government’ account to a BDC and used some of it to pay his child’s school fees in advance.
Addressing newsmen, the EFCC Chairman stated that he can’t be used by anyone as claimed by the former Governor. He further revealed that he inherited the case upon assuming office and accorded Yahaya Bello respect by calling him to invite him for questioning.
Ola Olukoyede said Yahaya Bello gave so many excuses on why he can’t come in for questioning including requesting for the questioning to be done in his village. He said;
“I called Yahaya Bello, as a serving governor, to come to my office to clear himself. I shouldn’t have done that. But he said because a certain senator had planted over 100 journalists in my office, he would not come.
“I told him that he would be allowed to use my private gate to give him a cover, but he said my men should come to his village to interrogate him. Rather, we have obeyed the law. I inherited the case and I didn’t create it. Why has he not submitted himself to the law?
“We met over 30 armed policemen there. We would have exchanged fire and there would have been casualties. My men were about to move in when the governor of Kogi drove in and they later changed the narrative.
“If I can do Obiano, Abdulfatah Ahmed and Chief Olu Agunloye, my kinsman, why not Yahaya Bello?”
EVIDENCE
Document From School Show Evidence That Yahaya Bello Paid School Fees For Family Members In Advance After Withdrawing $720,000 From The State’s Coffers
Documents serving as exhibits have shown how Yahaya Bello allegedly paid school fees in advance for his family members already in the school and even those to be enrolled in future with hundreds of thousands of dollars withdrawn from the state coffers.
A letter from the American International School of Abuja to the Economic and Financial Crimes Commission (EFCC) has shown the school admitting that Bello, the former governor of Kogi State, paid $845,852,84 into their bank account since September 2021 as advance school fees for 4 family members from the present class until they graduate.
Payment was also made for any future student to be enrolled by the family.
The document alleges that the payment was made by Mr. Ali Bello, alleged to be the eldest son of Yahaya Bello.
In the document, the school stated that they have deducted the fees for the educational service already rendered to the Bello children in the institution and what is left is $760, 910, which would be refunded to an account provided by the EFCC as the commission continues investigation into alleged money laundering levelled against Yahaya Bello.
The school also added that from the Bello family kids, “no further additional fees are expected in respect of tuition until they graduate from ASIA.”
Document from school show evidence that Yahaya Bello paid school fees for family members in advance after withdrawing $720,000 from the state’s coffers.
This comes after Ola Olukoyede, chairman of the Economic and Financial Crimes Commission (EFCC), disclosed that Yahaya Bello, former governor of Kogi, withdrew $720,000 from the state’s coffers to pay his child’s school fee in advance.
Olukoyede spoke in Abuja during an interactive session with media executives.
The EFCC boss alleged that the former Kogi governor transferred money from the state coffers to a bureau de change operator, and used the money for his child’s school fee in advance. Olukoyede added that Bello made the payment in anticipation that his tenure was gradually coming to an end.
“A sitting governor, because he knew he was leaving office, moved money directly from the government to Bureau de change and used it to pay his child’s school fee in advance,” the EFCC boss said.
“Over $720,000 in anticipation that he was going to leave the government house. In a poor state like Kogi, you want me to close my eyes under the guise of ‘I’m being used’. Used by who? At this stage of my life.”
News
Anambra takes action against primary school over N5,000 prefect nomination fee

The Anambra State Government has slammed a one-month sanction on Blossom Fount School, Awka, for monetising student leadership by charging pupils N5,000 to contest for the position of head prefect.
The sanction, announced on Saturday by the state Commissioner for Education, Prof. Ngozi Chuma-Udeh follows reports that the school imposed the controversial fee on pupils in its primary section vying for leadership roles.
Describing the practice as “despicable,” Chuma-Udeh expressed outrage at what she called an attempt to commercialise student leadership and exploit the ambitions of young children.
She said, “Investigation is going on to know how the school is being run. It is an act of selling the psyche of the children to the highest bidder from the cradle, and it is not acceptable to this government.”
“The act of commercialising student leadership and exploiting children’s ambitions for financial gain is despicable. It amounts to selling the psyche of the children to the highest bidder from the cradle, and it is strongly condemned,” she added.
Chuma-Udeh stressed that Governor Chukwuma Soludo’s administration remains committed to upholding integrity and fairness within the education system, stating that such practices will not be tolerated.
According to reliable sources, the ministry’s investigation is still ongoing, and further sanctions may be imposed depending on the outcome. The goal, officials say, is to ensure accountability and deter similar actions in schools across the state.
News
NELFUND: ICPC deepens probe on loan fraud

The Independent Corrupt Practices and Other Related Offences Commission has continued its probe into the alleged discrepancies in the disbursement of funds under the Federal Government’s student loan scheme, Sunday PUNCH has learnt.
This comes amid repeated denials from the Nigerian Education Loan Fund that no money was missing in the student loan scheme.
Sources within the anti-graft agency told our correspondent that the investigation began after NELFUND sent a request, asking the agency to track the disbursed funds, after the National Orientation Agency raised the alarm that some schools were cheating the students on the loans disbursed to them.
One of the sources, an official of the agency who spoke anonymously because of the sensitivity of the matter, however, said no one had been indicted yet.
“We have just started the investigation. It was NELFUND that brought the matter to us to help them track where the money might have gone. We’ve not indicted anyone, but the allegation is still there,” the official said.
According to the source, preliminary findings revealed that N100bn was earmarked for the programme, but N28.8bn was disbursed to students.
Another source said further investigation had, however, shown that N203.8bn was received, out of which N44bn was disbursed.
“So far, we have not indicted anybody. They have disbursed N44bn. But when we get the recipients, we will find out if they did receive that amount. If they received the said amount, we will now find out where the discrepancy came from,” the senior official said.
The source urged Nigerians to remain patient and avoid insinuations, adding that the agency would disclose its findings once the investigation was complete.
“Nigerians should be patient with us and let us do our work. There is no need for insinuations. We are getting to the root of this. If the amount of N44bn has been received by the recipients, then there won’t be any problem. And if there are discrepancies, we will unearth them and disclose them to Nigerians,” the source said.
“If there are discrepancies, we will unearth them,” another source added.
NELFUND, on its part, has continued to dismiss the allegations of misappropriation as “entirely false and deeply damaging.”
In a statement issued on May 1, the Fund’s Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, stated that “the integrity of an institution established to deliver financial hope to millions of Nigerians must not be undermined by unverified claims.”
Managing Director of the Fund, Akintunde Sawyerr, also maintained this position during an appearance on Channels Television on May 4.
He confirmed that the Fund had actually received about N203bn, broken down as N10bn from the Ministry of Finance, N50bn from the EFCC’s proceeds of crime, and N143bn from TETFund.
He said, “The Nigerian Education Loan Fund has received about N203bn. I’ll break it down for you: N10bn from the Office of the Minister of Finance through the Office of the Accountant General, N50bn from the EFCC’s proceeds of crime, and N143bn from TETFund. So you can see already that the actual amount received is in excess of what’s even been said to have been received.
“Out of that, N54bn has been disbursed to date, while N30bn and N24bn had gone to institutions and for upkeep respectively. So there’s a pocket money side to this. That’s N54bn disbursed already in the space of about 11 and a half months. It’s in the Central Bank of Nigeria.”
Sawyerr reiterated this stance when he appeared before the House of Representatives Committee on Students Loan, Scholarship, and Higher Education on May 8, firmly stating that no funds were missing.
The controversy first gained traction in April following a National Orientation Agency investigation, which uncovered claims that some tertiary institutions, in collaboration with banks, were withholding student loan disbursements.
Efforts to reach ICPC’s spokesperson, Demola Bakare, proved abortive.
News
15 pipeline vandals convicted in Niger Delta, says Ribadu

No fewer than 15 pipeline vandals across the Niger Delta region have been convicted, while 100 others are being prosecuted.
The National Security Adviser, Nuhu Ribadu, disclosed this on Friday at a town hall meeting organised by Petroleum Infrastructure Nigeria Limited, a pipeline surveillance contractor, in Yenagoa, Bayelsa State.
Ribadu, who was represented by his Special Assistant on Energy, Security and Finance, Amakiri Harry-Young, said his office was working assiduously to protect crude oil infrastructure in the Niger Delta region.
He said those convicted were being held at the Port Harcourt Custodial Centre.
The NSA revealed that a special committee comprising investigative and prosecuting teams had been working round the clock to ensure that pipeline vandals and other offenders face justice.
According to him, the move followed concerns raised during a previous meeting about the arrest and quick release of oil vandals, which often led to further insecurity in the affected communities.
“The President is serious about the 2.5 million barrels, and we are doing everything necessary to reach that goal,” he said.
He added that success would depend on the collective efforts of all stakeholders involved, as the Federal Government was taking strong action against pipeline vandals who threatened national assets and local communities.
In his opening address, the PINL Consultant on Community Relations, Dr Akpos Mezeh, said the firm had recorded major successes in safeguarding the Trans-Niger Pipeline through close collaboration with host communities, security agencies, and other key stakeholders.
Mezeh also stated that PINL had helped reduce crude oil theft and pipeline vandalism to near-zero infractions on the pipeline by investing in community needs, resolving disputes, and restoring the environment.
He pointed out that PINL had also improved crude oil production and restored greater investor confidence, thereby contributing to an increase in national revenue.
The President of the Ijaw National Congress, Prof Benjamin Okaba, stressed that Ijaw communities had always supported Nigeria’s unity and economic stability and also taken the lead in the management of pipelines through companies like PINL.
Okaba called on communities to fully support PINL’s operations, stressing that any success recorded in protecting pipelines was also a credit to the Ijaw people.
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