₦airaland Forum

"Sanwo" is already become a notorious name and next level hasn't even started yet.

CodeTemplar:
Most IT related theft cases are always perpetrated by insiders trusted with the system.
I saw one of almost N12 billion not up to a year ago involving someone I had worked with compromising a system he was trusted with.

CU truly sanwo Danny here . . . omo ri owo, omo je owo enterprise limited. Askari toun gba soft paper.

Hmm which firm?

Abeg let them free the man, he was only collecting his own tithe via his own way.

The Devil wears Prada. He can steal, kill and destroy to wear it.


Meanwhile...

dmakoy:
Covenant University N180Million Fraud Case:

Recent reports have it that, there has been a whooping sum of N180Million fraud rocking Covenant University for a couple of months now, and EFCC is now involved in the case.

The NationOnline Report:

https://thenationonlineng.net/n180m-fraud-rocks-covenant-university/

https://twitter.com/independentngr/status/1129761071437422592?s=12

But here's more details about what apparently transpired:

Covenant University has remained the renowned awards-winning, best ICT-driven University both in Nigeria & West-Africa back to back to back within the last 10years; virtually almost all the official processes & activities within the university are executed/managed electronically via dedicated ICT platforms, and recently an electronic payment platform (called 'CUSanwo' i.e. 'CUPay') was put in place as an additional payment channel for students' school fees payment, and payment for services offered by the school such as CU Energy, CU Shopping Mall, etc.

The "CUSanwo" e-Payment platform was reported to be the University's Vice Chancellor's original research idea and concept. And soon became an adopted payment e-platform for the University, after one of the University IT/Technical support staff (by name Daniel Owolo) had convinced the VC that he could help me develop the payment platform. Afterwards, the VC packaged and presented project concept to the University's board, and approval was secured.

Going forward, The VC decided to work closely and hand-in-hand with Daniel (the "CUSanwo" developer), and sooner or later, CUSanwo became Promoted & choice platform for school fees payment.

Mr. Daniel decided to play a fast one on his Covenant University, his employer, by using the e-payment platform he developed to start diverting funds meant for CU into his own account.

And within a twinkle of an eye, his financial status and physical outlook changed: bought new exotic cars for himself and wife (also an AdminStaff of CovenantUniv), bought landed properties outside campus, bought new cars for campus "Uber" runs, chartered Choppers To-Fro Ota and Lagos, ... (even reportedly bought a N11Million worth Car as a gift to the VC, which was said to be rejected by the VC), ... etc.

Soon Daniel's office colleagues began to raise eyebrows, asking probing questions, ... yet, none could Xray him, despite not being able to imagine how a staff who roughly earns about N100k as an IT/Technical support staff, suddenly transformed financially overnight, ...

It was not until around the 2019 Presidential election period, that the University's Chancellor, Bishop David Oyedepo got to hear about the extravagant lifestyle of Daniel; The bishop was at his Polling Unit in Ado-ota to cast his vote, when the 'area boys' around started hailing him, with the hope that we would 'drop something for the boys', but when he wasn't yielding to their demands, they started grumbling, and exclaiming that, "was it not one of Oyedepo's boys that always give them cool cash, each time the guy flies to the area with his Chopper?, so why Oyedepo no wan 'settle' them na?"
This apparently caught Bishop's attention and that was how Daniel's name came up.

So without Daniel's knowledge, he was placed under surveillance and ... here you have it: N180Million of CU's money (mostly school fees) fraudulent diversion uncovered.

On the Bishop's order, he was apprehended by the internal security team of of the University, then grilled and with the hope of recovering as much as they can from him. He appeared to be cooperating with the securitu team, until suddenly a lawyer appeared claiming he was Daniel's attorney. And so the case became a state high court matter.

The matter was taken to court, only for Daniel & his lawyer to play another 'Dino Melaye's Strategy' on the court and the university. He claimed to be medically unwell, and as usual in Nigeria, the court granted him bail (but under police parole).

Amazingly, few days after Daniel was sighted moving around like a free man with nothing to fear: the police's position was that, the guy has been granted bail so since it's already a court matter, he can't be rearrested except he tries to "jump the bail"

So, the Bishop who may still be deep taken aback by this possibly 'all-time greatest' financial fraud within his camp, apparently had to resort to the EFFC to handle the matter. So Daniel is reportedly being held in EFCC's custody.

By the way, revelations coming out from the priliminary fact finding into the CUSanwo project and the N180million fraud case shows that:

The VC single-handedly conceived and executed the CUSanwo project hand-in-hand with Mr. Daniel alone, without following the University's official protocols for awarding and managing projects contracts (not even of such magnitude): usually, there are constituted university committees and panels, such as ICT/Software committee, etc. that review and examine every project proposals presented to the University; a project contract proposal defense panel (constituting of staff from all key and relevant departments and units of the university) is usually constituted to interrogate any contractor/vendor before any project contract is recommended and referred to the university management and then university board.

But in this CUSanwo case, the VC acted alone, in managing the project with Daniel.

Besides the fact the EFCC is now involved in Daniel's case, one of the many questions begging for answers among staff on the university campus remains: "How or Why would the VC single-handedly managed such huge project, without following due process or even ensuring proper controls are put in place?"

Why? How?

WHEN YOU DARE AND TAMPER WITH GODS OWN, YOU CAN NEVER GO UNPUNISHED,

MANY IT GUYS HAD MADE MONEY THRU THESES MEANS UNCAUGHT, THEY COVER THEIR TRACK UNTILL WHEN THEY MADE ENOUGH MONEY TO DISAPPEAR BEFORE NY ONE COULD EVEN START RAISING EYE BROW


I HEARD OF A STORY ONE BENIN IT GURU, HOW HE TURNED BILLIONAIRE BY DEVELOPING SIMILAR THING FOR A BANK, INFACT HE WORKED WITH THE BANK MD WHO HAD HIS SHARE UNTILL WHEN THEY WERE TIRED AND HE REVERSED IT,


MY DEAR ALOT OF THESE IT DEVELOPERS AND DESIGNERS ARE INTO THIS FRAUD!!!

ivolt:
This fool had an opportunity that many will never have, yet he resorted to fraud.
Some brainless and lazy yahoo boys blame unemployment when they have no
useful skills.

So 100K/month job is what many will never have abi..

soberdrunk:
How dull can one person be, person way suppose lay low milk enough and jejely relocate to one comfortable country with no extradition agreements. The story sef nor add up, how can some that works for you on "100k salary" give you "11 million naira" car gift and you nor suspect anything? If you ask me, they should leave him for God since nah Christian institution....

hE SUSPECTED THAT WAS WHY HE DIDNT COLLECT, BU HE NEVER KNEW IT WAS FROM THE SCHOOL, COS THE DESIGN IS IN SUCH A WAY THAT THE MINEY GOES TO THE SCHOOL ACCOUNT BUT SOME % GOES AUTOMATICALLY TO THE GUYS ACCOUNT WITHOUT ANY TRACE COS IT IS INBUILT IN THE SOFTWARE...

HigherEd:
The idiot actually renting an helicopter to travel to ota is the most ridiculous part of this whole scandal.

They need to confiscate all his properties and sell them for all it's worth. It's amazing how Oyedepo got to find out about this while mingling with area boys in Ota. Just imagine if he didn't come out to vote on that faithful day.

In addition, he should be flogged 180 million lashes of koboko laden with chilly pepper and sentenced to 18 years in jail with hard labor and all his bank account, properties and that of his wife should also be confiscated, the VC should be suspended for his lack of following due diligence, case closed

He publicised and implicated himself by himself.

When it comes to money matter I trust no one.. If Judas can betray Jesus when there was no Benz who I be

dmakoy:
See guy, see how in don transform.
He dey plan to own hin own PJ?

Church business don’t follow normal business protocols they follow man know man/ pastor and same church protocols. The is a trust established because they are in thesame faith or church. It is actually a blind trust most times.

Daniel on the other hand has a convenant with wealth look at him when he is rich? Poverty does not fit him. He is ment to be rich and it is non negotiable.


I hope convenant university will learn from this that it is systems that make things work not the people u put as such.

dmakoy:
Covenant University N180Million Fraud Case:

Recent reports have it that, there has been a whooping sum of N180Million fraud rocking Covenant University for a couple of months now, and EFCC is now involved in the case.

The NationOnline Report:

https://thenationonlineng.net/n180m-fraud-rocks-covenant-university/

https://twitter.com/independentngr/status/1129761071437422592?s=12

But here's more details about what apparently transpired:

Covenant University has remained the renowned awards-winning, best ICT-driven University both in Nigeria & West-Africa back to back to back within the last 10years; virtually almost all the official processes & activities within the university are executed/managed electronically via dedicated ICT platforms, and recently an electronic payment platform (called 'CUSanwo' i.e. 'CUPay') was put in place as an additional payment channel for students' school fees payment, and payment for services offered by the school such as CU Energy, CU Shopping Mall, etc.

The "CUSanwo" e-Payment platform was reported to be the University's Vice Chancellor's original research idea and concept. And soon became an adopted payment e-platform for the University, after one of the University IT/Technical support staff (by name Daniel Owolo) had convinced the VC that he could help me develop the payment platform. Afterwards, the VC packaged and presented project concept to the University's board, and approval was secured.

Going forward, The VC decided to work closely and hand-in-hand with Daniel (the "CUSanwo" developer), and sooner or later, CUSanwo became Promoted & choice platform for school fees payment.

Mr. Daniel decided to play a fast one on his Covenant University, his employer, by using the e-payment platform he developed to start diverting funds meant for CU into his own account.

And within a twinkle of an eye, his financial status and physical outlook changed: bought new exotic cars for himself and wife (also an AdminStaff of CovenantUniv), bought landed properties outside campus, bought new cars for campus "Uber" runs, chartered Choppers To-Fro Ota and Lagos, ... (even reportedly bought a N11Million worth Car as a gift to the VC, which was said to be rejected by the VC), ... etc.

Soon Daniel's office colleagues began to raise eyebrows, asking probing questions, ... yet, none could Xray him, despite not being able to imagine how a staff who roughly earns about N100k as an IT/Technical support staff, suddenly transformed financially overnight, ...

It was not until around the 2019 Presidential election period, that the University's Chancellor, Bishop David Oyedepo got to hear about the extravagant lifestyle of Daniel; The bishop was at his Polling Unit in Ado-ota to cast his vote, when the 'area boys' around started hailing him, with the hope that we would 'drop something for the boys', but when he wasn't yielding to their demands, they started grumbling, and exclaiming that, "was it not one of Oyedepo's boys that always give them cool cash, each time the guy flies to the area with his Chopper?, so why Oyedepo no wan 'settle' them na?"
This apparently caught Bishop's attention and that was how Daniel's name came up.

So without Daniel's knowledge, he was placed under surveillance and ... here you have it: N180Million of CU's money (mostly school fees) fraudulent diversion uncovered.

On the Bishop's order, he was apprehended by the internal security team of of the University, then grilled and with the hope of recovering as much as they can from him. He appeared to be cooperating with the securitu team, until suddenly a lawyer appeared claiming he was Daniel's attorney. And so the case became a state high court matter.

The matter was taken to court, only for Daniel & his lawyer to play another 'Dino Melaye's Strategy' on the court and the university. He claimed to be medically unwell, and as usual in Nigeria, the court granted him bail (but under police parole).

Amazingly, few days after Daniel was sighted moving around like a free man with nothing to fear: the police's position was that, the guy has been granted bail so since it's already a court matter, he can't be rearrested except he tries to "jump the bail"

So, the Bishop who may still be deep taken aback by this possibly 'all-time greatest' financial fraud within his camp, apparently had to resort to the EFFC to handle the matter. So Daniel is reportedly being held in EFCC's custody.

By the way, revelations coming out from the priliminary fact finding into the CUSanwo project and the N180million fraud case shows that:

The VC single-handedly conceived and executed the CUSanwo project hand-in-hand with Mr. Daniel alone, without following the University's official protocols for awarding and managing projects contracts (not even of such magnitude): usually, there are constituted university committees and panels, such as ICT/Software committee, etc. that review and examine every project proposals presented to the University; a project contract proposal defense panel (constituting of staff from all key and relevant departments and units of the university) is usually constituted to interrogate any contractor/vendor before any project contract is recommended and referred to the university management and then university board.

But in this CUSanwo case, the VC acted alone, in managing the project with Daniel.

Besides the fact the EFCC is now involved in Daniel's case, one of the many questions begging for answers among staff on the university campus remains: "How or Why would the VC single-handedly managed such huge project, without following due process or even ensuring proper controls are put in place?"

Why? How?

Guy get talent but sense no dey why live a lavish lifestyle he should have lay low while making his cool money but he even f up by dashing agberos money and even buying vc 11m car nawa for this guy, you made and ruined your self just like that damn, abeg nobody holy pass we all are sinners.

This is so embarrassing to convenant University. Daniel Owolo himself must be punished for all wrong doing and every properties he got through this scam must be sold out to recorver the stolen money. OLe omo Ota!!!!!!!!!!!!!!

helinues:
How is it possible to diverted N180m for years without Vc knowing?

The Vc is not telling the truth

jhe momey money is too small for the school to notice

ivolt:
This fool had an opportunity that many will never have, yet he resorted to fraud.
Some brainless and lazy yahoo boys blame unemployment when they have no
useful skills.

Apparently they have computer and communication skills.

The only enemy you cannot fight and win against is the truth. No matter how you try to cover up atrocities, it will always come back to hunt you. And to make it sweet, truth always reveal itself in the most unimaginable way.

Truth cannot be killed
Truth cannot be modified
Truth cannot be improved upon
Truth is truth
Take it or leave it

The rate Nigerians go any lenght for money,one will think success is measured by how much is in your account. Almost everyone in Nigeria has corruption in their blood.

soberdrunk:
How dull can one person be, person way suppose lay low milk enough and jejely relocate to one comfortable country with no extradition agreements. The story sef nor add up, how can some that works for you on "100k salary" give you "11 million naira" car gift and you nor suspect anything? If you ask me, they should leave him for God since nah Christian institution....

Hahaha, leave him for God ke, God will forgive him because God doesn't need any currency on earth, he owns the whole world but man will forgive but not forget hence the church involved the EFCC to flog the guy with koboko laden with chilly pepper

This is stupid, don't they have a CFO?

It seems no money was missing from their account, they are just jealous of the guy's flamboyant lifestyle.

I see him walking. All his enemies shall fall and scatter ijn. Anyone who doesn't want this guy to be as rich as their daddy G.O, fall! Fall!! Fall!!!

HigherEd:
Lol so it's this guy! No wonder.
I see Oyedepo shutting down the 'CUPay' platform immediately and forever. This is pure carelessness on the part of the VC and the management. So far, in the organization I work in, we make certain to bind all our tech consultants by the most stringent laws possible.

I hope the VC doesn't lose his seat for this.

1) The way the 'CUpay' platform was rushed into implementation without probably testing for loopholes or the input of cybersecurity experts was nah.

2) They should have started with utility payments rather than school fees and other heavy payments.

The VC in question has already passed on. I dont support fraud but if not for greed, the guy should have just signed out after hitting the 150mark. It's only when you are a greedy spendthrift that you dont know when to call it quits

dmakoy:
Covenant University N180Million Fraud Case:

Recent reports have it that, there has been a whooping sum of N180Million fraud rocking Covenant University for a couple of months now, and EFCC is now involved in the case.

The NationOnline Report:

https://thenationonlineng.net/n180m-fraud-rocks-covenant-university/

https://twitter.com/independentngr/status/1129761071437422592?s=12

But here's more details about what apparently transpired:

Covenant University has remained the renowned awards-winning, best ICT-driven University both in Nigeria & West-Africa back to back to back within the last 10years; virtually almost all the official processes & activities within the university are executed/managed electronically via dedicated ICT platforms, and recently an electronic payment platform (called 'CUSanwo' i.e. 'CUPay') was put in place as an additional payment channel for students' school fees payment, and payment for services offered by the school such as CU Energy, CU Shopping Mall, etc.

The "CUSanwo" e-Payment platform was reported to be the University's Vice Chancellor's original research idea and concept. And soon became an adopted payment e-platform for the University, after one of the University IT/Technical support staff (by name Daniel Owolo) had convinced the VC that he could help me develop the payment platform. Afterwards, the VC packaged and presented project concept to the University's board, and approval was secured.

Going forward, The VC decided to work closely and hand-in-hand with Daniel (the "CUSanwo" developer), and sooner or later, CUSanwo became Promoted & choice platform for school fees payment.

Mr. Daniel decided to play a fast one on his Covenant University, his employer, by using the e-payment platform he developed to start diverting funds meant for CU into his own account.

And within a twinkle of an eye, his financial status and physical outlook changed: bought new exotic cars for himself and wife (also an AdminStaff of CovenantUniv), bought landed properties outside campus, bought new cars for campus "Uber" runs, chartered Choppers To-Fro Ota and Lagos, ... (even reportedly bought a N11Million worth Car as a gift to the VC, which was said to be rejected by the VC), ... etc.

Soon Daniel's office colleagues began to raise eyebrows, asking probing questions, ... yet, none could Xray him, despite not being able to imagine how a staff who roughly earns about N100k as an IT/Technical support staff, suddenly transformed financially overnight, ...

It was not until around the 2019 Presidential election period, that the University's Chancellor, Bishop David Oyedepo got to hear about the extravagant lifestyle of Daniel; The bishop was at his Polling Unit in Ado-ota to cast his vote, when the 'area boys' around started hailing him, with the hope that we would 'drop something for the boys', but when he wasn't yielding to their demands, they started grumbling, and exclaiming that, "was it not one of Oyedepo's boys that always give them cool cash, each time the guy flies to the area with his Chopper?, so why Oyedepo no wan 'settle' them na?"
This apparently caught Bishop's attention and that was how Daniel's name came up.

So without Daniel's knowledge, he was placed under surveillance and ... here you have it: N180Million of CU's money (mostly school fees) fraudulent diversion uncovered.

On the Bishop's order, he was apprehended by the internal security team of of the University, then grilled and with the hope of recovering as much as they can from him. He appeared to be cooperating with the securitu team, until suddenly a lawyer appeared claiming he was Daniel's attorney. And so the case became a state high court matter.

The matter was taken to court, only for Daniel & his lawyer to play another 'Dino Melaye's Strategy' on the court and the university. He claimed to be medically unwell, and as usual in Nigeria, the court granted him bail (but under police parole).

Amazingly, few days after Daniel was sighted moving around like a free man with nothing to fear: the police's position was that, the guy has been granted bail so since it's already a court matter, he can't be rearrested except he tries to "jump the bail"

So, the Bishop who may still be deep taken aback by this possibly 'all-time greatest' financial fraud within his camp, apparently had to resort to the EFFC to handle the matter. So Daniel is reportedly being held in EFCC's custody.

By the way, revelations coming out from the priliminary fact finding into the CUSanwo project and the N180million fraud case shows that:

The VC single-handedly conceived and executed the CUSanwo project hand-in-hand with Mr. Daniel alone, without following the University's official protocols for awarding and managing projects contracts (not even of such magnitude): usually, there are constituted university committees and panels, such as ICT/Software committee, etc. that review and examine every project proposals presented to the University; a project contract proposal defense panel (constituting of staff from all key and relevant departments and units of the university) is usually constituted to interrogate any contractor/vendor before any project contract is recommended and referred to the university management and then university board.

But in this CUSanwo case, the VC acted alone, in managing the project with Daniel.

Besides the fact the EFCC is now involved in Daniel's case, one of the many questions begging for answers among staff on the university campus remains: "How or Why would the VC single-handedly managed such huge project, without following due process or even ensuring proper controls are put in place?"

Why? How?

OWOLO WANT TO BLOW !

But him con blow himself out of his job.

He should smell jail any moment from now.

COVENANT UNIVERSITY THE HOMELAND OF SCANDALS e.g sexual scandal, fraud, embezzlement etc

I thought the oyedepo and PDP said efcc is a witchunt against the opposition. So why is he using their services now?

Oyedepo should forgive him because he preaches forgiveness besides 180 million is a pinch of salt to him

Whats wrong na. Make him chop his own.

Daniel Olowo...


Na Dem! They can steal and engage in fraud and still brandish it with flamboyant lifestyle! The fool even had to be coming to work in a chopper! Instead of buying one small camry and humble yourself and throw most of your loot into stocks and investments, you were flying chopper and settling Area boys! Now they have exposed you!

That's how EFCC is catching them here in Abuja. They will come all the way from Ilorin or Ibadan in groups of five or six and when they scam one "maga" of small change like 1.5m or 2m, they will rent one small 4 bedroom bungalow and buy one Nigerian-used Benz and be throwing party with loud music in the estate with harlots!

The sane estate residents will then report them to EFCC and ICPC like i did to some of them recently!

Idiats!!

tgmservice:
Oyedepo should forgive him because he preaches forgiveness besides 180 million is a pinch of salt to him

Ezagly

I have a serious issue with the accounting and auditing departments of Covenant University management.

We're they not auditing and reconciling accounts within those years?

If you investigate properly, you will discover that this fraud involves a lot of management staff. I don't believe the VC.

Wow

HigherEd:
this guy for buy PJ very soon o. The idea of the payment platform was actually awesome. It meant you could pay for a whole range of things in the comfort of your residence. But the idea is mostly doomed now because of the carelessness of the management.
Dickson Nsofor a CU grad runs a multi billion naira payment platform with a lot of inputs from cyber security folks(probably firms). If they had reached out to firms that work with his own company they could have averted this sort of calamity.

Hehe.. Dickson! Very true. Too bad they learnt the hard way.