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Friday, July 6, 2012

UNIZIK Vice Chancellor Fingered In Multi-Billion Naira Corruption Scandal

The Vice Chancellor of Nnamdi Azikiwe University is in trouble for mismanaging funds meant for the institution.

The Vice Chancellor of the Nnamdi Azikiwe University, Awka, Boniface Egboka, is being investigated by the Economic and Financial Crimes Commission (EFCC), for the mismanagement of billions of naira meant for the institution, the International Centre for Investigative Reporting, Nigeria is reporting.
Mr. Egboka allegedly misappropriated the funds through the award of bogus and inflated contracts to fronts and cronies; selective bidding; and fraudulent contract cost variations.
The University head was recently arrested and questioned by the EFCC and has made statements about his involvement in the alleged fraud. He was thereafter released on administrative bail.

Read the History of the Investigation HERE

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