FAAN suspends staff as EFCC probes alleged N70m fraud

THE Economic and Financial Crimes Commission (EFCC) has commenced investigation into an alleged act of fraud rocking the accounts and commercial departments of the Federal Airports Authority of Nigeria (FAAN).
Daily Sun learnt that some staff of FAAN saddled with the management of funds for the execution of key airport proj­ects had diverted money into their private accounts, thus stalling the projects.
It was learnt yesterday that following complaints and pe­titions to relevant government agencies, the EFCC stormed the airport agency and arrest­ed and detained all the prime suspects.
A senior official of FAAN who confirmed the incident told aviation correspondents that the affected staff had been suspended.
“The accused were said to have diverted the agency’s funds into different accounts of staff and others over certain period of time until they were eventually discovered by the management of FAAN,” said the official.
“When this fraud was dis­covered, the management set up a committee, which investigated the major suspect who promptly named others involved in the fraud and they were swiftly suspended.

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