A PREMIUM TIMES investigation had revealed how TETFund deducted funds for the training from the tertiary institutions’s 2023 annual disbursement against the wishes of the beneficiary institutions.
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The contractors are Paul Chukwuma, the Managing Director and Chief Executive Officer of the Fides Et Ratio Academy Ltd and Adedeji Ladipo, the Managing Director and the CEO of Pole Global Marketing Limited.ICPC accused them of concealing the origin of the funds, withdrawing parts of the money and converting some of it to foreign currencies, in a money laundering scheme that allegedly robbed TEFTFund of over N2.2 billion.
In the seventh to ninth charges, the ICPC accused him of using the funds for the training to purchase a N300 million Mercedes Benz GLS 600 Maybach and converted over N450 million to US dollars.Charges against Ladipo of Pole Global Marketing Limited At Premium Times, we firmly believe in the importance of high-quality journalism. Recognizing that not everyone can afford costly news subscriptions, we are dedicated to delivering meticulously researched, fact-checked news that remains freely accessible to all.
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