IBB Money Scandal: EFCC Issues 2-3 Weeks Ultimatum Before Forensic Result is Out

By Our Reporter

The Financial and Economic Crimes Commission, EFCC, investigating the alleged financial scandal at the IBB international golf club has given the suspects two to three weeks ultimatum for out of court settlement or face prosecution.

The Captain and the Lady Captain were asked to report back yesterday Friday. At their meeting of yesterday, they were given 2-3 weeks to find a amicable settlement in house to the crisis which emanates largely due to the high handedness of the Captain Shola Awoyungbo, who it was alleged retire as an assistant director in CBN and could not make it to deputy director because of clumsiness in his official conduct.

The former Lady Captain who it was alleged cornered millions of naira into her private bank account and duly supported by the Chairman BOT General I. B. M. Haruna, the Captain Shola Awoyungbo and the club secretary Mike Ekoja who claimed to be in real estate business but of no finesse and pedigree.

The former Lady Captain was asked to be reporting to the EFCC due to the criminal nature of her offense and is likely to be prosecuted after full investigation.

However,this medium gathered that ,there is the fear that large scale fraud will be uncovered if a forensic analysis of the accounts of the club is undertaken which the BOT and the Exco are trying very hard to prevent.

The EFCC investigations on alleged financial fraud would still continue after the forensic expert concluded their final auditing of the statement of account .

Former Lady Captain ( Mrs. Achulono) who fingers for the alleged money laundering she is fully supported by the club management in defaulting the IBB international golf club to the turn of millions .