• June 14, 2021

Alleged N127m Fraud: Lagos State Ex-Scholarship Board Chief Arraigned By EFCC

By Olivia Isibor (AGENDAWATCHDOG) –Stephen Oshinowo, a former Executive Secretary of the Lagos State Scholarship Board, is being arraigned by Nigeria apex anti-corruption watchdog, the Economic and Financial Crimes Commission (EFCC), for allegedly diverting,  for his personal use, the sum of N127,164,066, meant for the board.

Oshinowo was arraigned on an amended eight-count before Justice Oluwatoyin Taiwo of the Special Offences Court sitting in the Ikeja area of Lagos, on Thursday, July 2, 2020.

The count against Oshinowo read, “That you, Stephen Osinowo, sometime in 2018, in Lagos and within the jurisdiction of this honourable court, being a civil servant, dishonourably converted to the use of Oshinowo Adenike the total sum of N30 million (Thirty Million Naira), property of Lagos State Board.”

“That you, Stephen Oshinowo, between 8th day of February, 2016 and 30th day of December in Lagos and within the jurisdiction of this honourable court, being the Secretary of Lagos State Scholarship Board, dishonestly converted to your own use, through Julikam International Limited, the sum of N39, 934,919 (Thirty -nine Million Nine Hundred and Thirty-four Thousand Nine Hundred and Nineteen Naira) property of Lagos State Board,” another count read.

Oshinowo pleaded “not guilty” to the charge against him.

Agenda Watchdog

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