Jim Osayande Obazee, the controversial Executive Secretary of the Financial Reporting Council of Nigeria (FRC), who was used by former President Goodluck Jonathan to author a report that formed the basis for the suspension and eventual removal from office of the former Governor of the Central Bank (CBN), Sanusi Lamido Sanusi, is presently battling fresh allegations of graft and misuse of funds belonging to the FRC.

The Economic and Financial Crimes Commission (EFCC) is reviewing multiple petitions against Obazee, who is being accused of using proxies and phoney consultants to siphon tens of millions of naira belonging to the FRC.

The EFCC has been asked to investigate the N1billion International Financial Reporting Standards (IFRS) Academy fund as well as over N225 million wastefully expended for the printing of FRC registration certificates for use by the agency for the next two decades through proxies fronting as contractors.


FOR MORE: http://theicon.ng/2016/11/02/frc-boss-jim-obazee-trouble-multi-billion-naira-fraud/

This kain sauce

All Jo's men under scrutiny . . .