Corrupt Prof. Adenekan loses 5 houses for diverting N8bn meant for buying books for schools | Oby Oriji Blog

Corrupt Prof. Adenekan loses 5 houses for diverting N8bn meant for buying books for schools


EFCC has seized five houses from a contractor Prof. Adenekan Iyiola Adesanya for allegedly diverting about N8billion out of over N20billion spent by the Universal Basic Education Commission (UBEC) for the supply of textbooks, science and technical equipment to schools.

Corrupt men of Nigeria
Corrupt men of Nigeria

According to TheNation, the N8billion was meant for the purchase of science, technical and laboratory equipment to 104 Unity Schools. The suspect, who is also the Managing Director of Macmillan, was alleged to have paid out N5billion to some individuals and used part of the balance to buy some properties. .

The sealed properties include a duplex at 3A Prince Adesanya, Parkview Estate in Ikoyi; another duplex at Plot 10, Segun Olusemo Crescent, Parkview Ikoyi; and three others in Block B 1-6 Erinko Residential and Industrial Estate, Ijoko in Ogun State housing five firms. .

Also, eight firms linked with Adenekan are under probe with their accounts frozen in line with the ongoing investigation. .

A top source said : “The EFCC received a petition bordering on alleged reckless award of contracts in UBEC to launder public funds , diversion of contract sums, non-execution of contracts and misappropriation of funds. .

The petitioner alleged that about N100billion was involved but our detectives have so far traced about N20billion of the funds disbursed. .

We have confirmed that about N8billion worth of contracts(out of the preliminary N20billion being looked into) for the supply of science and technical equipment to 104 Unity Schools(mainly Federal Government Colleges) were not properly executed. .

Some schools received about 30% of their equipment, some got 40% and some 50%. About three to four schools in the North-East, particularly those sited in Boko Haram insurgency axis, did not receive any science and technical equipment. .

The detectives discovered that about N5billion was paid out to some individuals with a strong suspicion that it might have been diverted and used for 2015 general election.”

Corrupt men of Nigeria
Corrupt men of Nigeria


Can you just imagine this sort of report? This is all we ever hear of in this Country. Professional stealing taking place in ever wing of the government, individual businesses, stores, shops and kiosk, down to the street. This thing has eaten deep even into the unborn kids of this Country. What do we make of all these diverted funds? In as much as we have not gotten any tangible criminal who has been convicted, tried and charged. I must appreciate the work of EFCC and the fear of its capability, even though they selectively go for criminals in our land. We will all be fine, I know that. Just keep up your hard work and consistency, with as much sincerity as you can give in.

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Corrupt men of Nigeria
Corrupt men of Nigeria
Tags : #fraudulent#obyorijiblog
Oby Oriji

The author Oby Oriji

I am a 5'7" tall extrovert Igbo girl with restless hands. An obsessed writer, and the reason we are here. Email :

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