The Economic and Financial Crimes Commission (EFCC) has arrested two directors of the Standard Organization of Nigeria (SON) over alleged N1.3billion in the agency.
More staff of the organization might be questioned in the next few days.
Also, a prosecution witness has opened up on how $752,000 (about N229million) was deposited in the VISA Gold account of a former Chief of Defence Staff, Air Chief Marshal Badeh.
The witness said the huge cash was lodged by Badeh’s aide-de-camp (ADC) and orderly.
But the arrest of two directors of the SON was a major breakthrough for the anti-graft agency.
A reliable source said: “The two directors have been arrested and questioned for their alleged role in a N1.3billion fraud scandal rocking the agency.
“One of the directors is currently in the custody of the anti-graft agency, while the other, who is an assistant director, was arrested a few weeks ago and released on administrative bail after making a statement before a team of detectives.
“The arrest of the directors was pursuant to the investigation into a petition received by the agency from a body known as Peculiar Systems Services dated February 24, 2016.
“The body alleged gross financial mismanagement and embezzlement of public funds to the tune of N200million in the SON.
“But in the course of the investigation, EFCC operatives found that more than N1.3 billion was siphoned from the coffers of the SON by the affected directors and their collaborators in bogus payments.
“What we are doing now is profiling the accounts of the affected staff to determine their levels of involvement. We are determined to bring all those directly involved n the fraud to book”.