Two top directors of the Standard Organization of Nigeria (SON) have been arrested by the Economic and Financial Crimes Commission, EFCC, for their alleged involvement in the N1.3billion fraud belonging to the agency.
According to an EFCC source, the two directors have been arrested and questioned for their alleged role in a N1.3billion fraud scandal rocking the agency.
“One of the directors is currently in the custody of the anti-graft agency, while the other, who is an assistant director, was arrested a few weeks ago and released on administrative bail after making a statement before a team of detectives,” the source added.
“The arrest of the directors was pursuant to the investigation into a petition received by the agency from a body known as Peculiar Systems Services dated February 24, 2016.
“The body alleged gross financial mismanagement and embezzlement of public funds to the tune of N200million in the SON.
“ But in the course of the investigation, EFCC operatives found that more than N1.3billion was siphoned from the coffers of the SON by the affected directors and their collaborators in bogus payments.
“What we are doing now is profiling the accounts of the affected staff to determine their levels of involvement. We are determined to bring all those directly involved n the fraud to book.”