May 27, 2026
NEWS Uncategorized

EX-CBN StaffF Forfeits Property To EFCC For Operating Fake Polytechnic

Omooba Risawe
The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal office on Monday secured an‎ ‎  interim order by Federal High Court,Ado-Ekiti  to secure  property of fake  TEEDEK POLYTECHNIC,  Ilogbo- Ekiti
A former Principal Manager of the Central Bank of Nigeriia(CBN),Johnson Babalola had been allged to be running the fake institution without the requisite government approval.
 A petition had earlier being  written against the acused‎ by the National Board for Technical Education (NBTE) in Kaduna, alleging that he was operating an illegal Polytechnic named Teedek Polytechnic at Ilogbo, Ekiti State.
The board in the petition said that the accused had allegedly extorted gullible students,who were not aware of the status of the institution.
The petition further alleged that some of the students of the Polytechnic had earlier reported the institution to the board and they had published the school as an illegal institution in some National Dailies.
The petitioner  said that the accused failed to stop the fraudulent act and as such continued to fleece innocent students through the Polytechnic.
It emphasised that Babatola had sometime between the month of August 2013 and March 2015 intended to defraud Adakeja Thomas Olusola at Ilogbo Ekiti within the jurisdiction of the court to the tune of N118,000 having
falsely represented that the money was tuition fees.
The petition also added  that the accused told the victim that money was for the award‎ of National Diploma Certificate by Teedek Polytechnic.
It would be recalled that following this development, the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office arrested the suspect and subsequently arraigned him  on Monday, October 10, 2016  at Federal High Court, Ado-Ekiti, before Justice Taiwo Taiwo for operating an illegal polytechnic.
After the trial,Justice Taiwo  Taiwo ordered the confiscation of the fake polytechnic. The property‎ is located on Km 4 Ido-Ijero Ekiti Road, ilogbo Ekiti, Ekiti State.
However,, the Zonal  Public Relations Officer of Economic and Financial Crimes Commission,EFC, Ayo Oyeweso when contacted  confirmed the order and consfication of the properties.
He said ‘The order of the court is pending the final determination of prosecution of the accused person charged with advance fee fraud and operation of illegal Polytechnic’,.
‘You will recall that  Johnson Babatola was arraigned by the Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office on Monday, 10, October, 2016  in a Federal High Court, Ado-Ekiti, before Justice Taiwo Taiwo for operating an illegal polytechnic’,Oyewole added.
Babatola, a former Principal Manager of the Central Bank of Nigeria (CBN),‎ Ado-Ekiti branch, was arrested following a petition from the National Board‎ for Technical Education (NBTE) in Kaduna, alleging that he was operating an illegal Polytechnic named Teedek Polytechnic at Ilogbo, Ekiti State’,he said.

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