EFCC arrests Director of Kwara SMEs, others, over N2bn fraud

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Economic and Financial Crimes Commission, EFCC, Ilorin Zonal Office, has arrested Segun Soewu, Director-General of the Kwara State Bureau of Small and Medium Enterprise Development, over an alleged N2 billion fraud.The commission said in a statement in Abuja, yesterday, that it also arrested six Managing Directors of various Microfinance Banks, after it received intelligence reports alleging fraudulent mismanagement of about N2 billion given by the Kwara State Government to assist market men and women across the 16 Local Government Areas of the state.

They MDs are Ogudu Samuel of Brightway Micro Finance; A.K. Imam of Magajingari of Micro Finance; Adeleke M.S. of Sincere Micro Finance Bank; Yusuf Muideen of Balogun Fulani Micro Finance Bank; Issa Abdulrasheed of KCMB Micro Finance Bank, and Oyebode Asimiyu of Apels Micro Finance bank.

The commission said it also investigated Lawal Ayo of Omu-Aran Micro Finance Bank; Tope Eniola of Iludun Micro Finance Bank; Lawal Folashade of Stockcarp Micro Finance Bank; Yusuf Tajudeen of First Heritage Micro Finance Bank, and Olawoye E.O. of Offa Micro Finance bank.



Aneta Felix

Aneta Felix is a seasoned broadcast journalist and versatile content producer with an interest in reporting on human and gender rights, insecurity, corruption, and development among others. She has over five years of progressive experience, working across online, radio, and TV platforms, reporting the Boko Haram insurgency in Adamawa state, covering elections across the country and interviewing CEOs of multi-million dollar companies. Aneta is also the producer and presenter of the business documentary program, Startups, on TV360 Nigeria. She is a graduate of International Studies and Diplomacy from the University of Benin and is based in Lagos Nigeria.


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