Politics
How EFCC ‘arrested, grilled’ ex-BOI boss, Kayode Pitan, over alleged multi-million dollar fraud.
Operatives of Economic and Financial Crimes Commission (EFCC) have reportedly arrested and grilled former Managing Director of Bank of Industry (BoI), Kayode Pitan.
It was gathered that Pitan, who resigned his position in October 2023, was picked by men of the anti-graft agency days before he bowed out of office.
It was gathered that EFCC received intelligence alleging mismanagement of public funds by the leadership of BOI, then led by Mr Pitan.
READ ALSO: EFCC declares Emefiele’s wife wanted in alleged financial conspiracy
After days of discreet investigations, EFCC operatives moved against Mr Pitan on 16 October 2023. That day, he was allegedly arrested in Lagos and flown to Abuja, where he was interrogated and detained.
The banker reportedly remained in detention until 18 October, when the anti-graft agency granted him administrative bail.
The following day, 19 October, the presidency announced Mr Pitan was resigning and that he was being replaced by Mr Olasupo Olusi, a former World Bank economist and development finance expert.
-
Business7 days agoI met N13bn IGR per month but we are now seeing N27bn – Fubara
-
News6 days agoCourt orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m
-
Politics5 days agoEFCC: I am Ready to Appear in Court But Afraid of Arrest – Yahaya Bello
-
News1 day agoYahaya Bello: American International School Of Abuja Has Transferred $760,910.84 To EFCC Out Of $845,852
-
News7 days agoOkuama killings: Bayelsa monarch alleges torture, arrest of returning residents
-
Politics7 days agoEFCC Goes After Malami, Sirika, Farouq-umar Over Multi Fraud
-
Business5 days agoAgain, Dangote reduces diesel, aviation fuel prices to N940, N980
-
Politics5 days agoCourt dismisses suit seeking Diri’s disqualification, awards N500,000 Fine