120 Teacher’s Name Fraudulently Use To Secure N200 Million Loan

One hundred and twenty teachers in Ogun State’s names were fraudulently used to borrow a whopping loan of N200 million from First Bank Plc in the state.
The teachers have come together and threatened to sue the bank for maligning their names and reputation.

The chairman of the state chapter of Nigeria Union of Teachers, Comrade Dare Ilekoya, stated on Wednesday while briefing newsmen on the matter.

He said all the affected teachers who were taken to Lagos for interrogation by the operatives of the Economic and Financial Crimes Commission were innocent.

The 120 teachers who were mainly from public secondary schools in the Abeokuta South Local Government area of the state were accused of obtaining N200 million loan in 2011 and were interrogated two weeks ago.

The affected teachers who were asked to report at the EFCC Lagos office were divided into six batches of 20 and they had been quizzed by the operatives of the commission.

While giving the report of what transpired, Ilekoya said all the teachers were cleared by the EFCC, saying none of them   took any loan from the bank, from the investigation conducted. 

Ilekoya, who said the NUT would be waiting for the outcome of EFCC’s investigation into the fraud, advised that the anti-graft agency should beam its searchlight on the bank in order to fish out the perpetrators and their accomplices.

While he described the affected teachers as ‘heroes of the struggle,’ the NUT boss warned that the issue must not be swept under the carpet, describing the fraud as a national disgrace. 

He said, “This is a national disgrace, an assault on our collective psyche which must not be swept under the carpet. All the culprits and actors found culpable in this shameful act of fraud must be brought to book at all costs.”