An Ex-CBN staff, Johnson Babalola has forfeited one Teedek Polytechnic to the federal government today.

According to a statement by the EFCC, the polytechnic was allegedly operating without the requisite approval of the Government.

Read the full statement below

"The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal office today, February, 13, 2017, executed the interim order granted by HonourableJustice Taiwo Taiwo of Federal High Court , Ado Ekiti against one Johnson Babalola in respect of the property of TEEDEK POLYTECHNIC, Ilogbo- Ekiti allegedly operating without the requisite government approval. The property located on Km 4 Ido-Ijero Ekiti Road, ilogbo Ekiti, Ekiti State.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.

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.

The board said that the accused had allegedly extorted gullible students, who were not aware of the status of the institution.

The petitioner 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.
It said that the accused failed to stop the fraudulent act and as such continued to fleece innocent students through the Polytechnic.

The petitioner said that Babatola had some time 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.

It said that the accused told the victim that money was for the award of National Diploma Certificate by Teedek Polytechnic".

http://www.cambellsblog.com/2017/02/ex-cbn-staff-forfeits-properties-to.html

Thank God for PMB

fake polytechnic!!! but it looks like abattoir watery beans eaters fooling them selves since 19Bc

That one na school or poultry? oga ooo fake everywhere.

Naija

What will now happen to the "gullible students"?

And dem get student oh...
I just weak

See them

What do you expect from Fayose's kingdom? It is a lawless place/state like the republic of the flattiees!

dey want to turn Nigeria to Ghana where u see one storey buildings as universities and polytechnic abi

na wao

oloriLFC:
What will now happen to the "gullible students"?

Your head correct

EWAagoyin:
dey want to turn Nigeria to Ghana where u see one storey buildings as universities and polytechnic abi

That's a global phenomenon.... A building doesn't make a university

Na wa o...from the look of things, the population of people with legit wealth in this country must be so small. E be like say everybody na thief.

Ministry of education failing us since 80s

Good

A polytechnic on 2 plots of land, no be small thing o

is this a school?

This is serious. Kudos to NBTE and EFCC.

se this one na polytechnic abi na primary school

dhamstar:
se this one na polytechnic abi na primary school

Omagago:

.

cooperate thief....... not only the politicians, the civil service also stinks. o ma she o, how did we get here

What will now happen to lecturers getting their daily bread from this place, this structures I am seeing were not built with 118000, the best universities in Nigeria today did not get to where they are in one day, for somebody to spend money and put up the structure I am seeing shows he has a good plan, I don't think he built this to defraud people , the system or plan may not be perfect ,but will be if given time, getting an approval from govt is not a joke or a day job, you must understand that application for approval or inspection alone may be 200k, I think they should have been given time to grow with the regulatory authority coming to inspect the development from time to time, most things required by regulators are so much that you cant achieve them in a short time unless you have billions of naira ,,,,, I have heard of closures of illegal refineries, all these I see as killing small businesses trying to come up instead of encouraging them, ABA made shoes were seen some years back as fake, but what do we see today, they are being celebrated. Please these are personal opinion, I may be wrong.