Oyegun’s led APC Accused of Fraud

The integrity and competence of Chief John Odigie Oyegun, National Chairman of the All Progressives Congress (APC) has once again come under public scrutiny as the party is rocked by N1b fraud. Party funds were reportedly moved to private accounts.

It has been discovered that savings of over N1b handed over in 2014 by the interim executive headed by Chief Bisi Akande was hastily decimated without care for transparency in the party. State chapters of the party were equally short changed in the disbursement of fund they are statutorily entitled to.

Two suspicious transactions on a single day resulted in the transfer of N143.8m via two letters addressed to the manager of the Maitama, Abuja branch of a leading new generation bank. The cash moved in two instalments of N100 million and N43,880,000 ended up in the account of another member of the party’s executive committee who hails from the Southeast.

In another transaction, a letter entitled “Authority to Transfer the Sum of N50,000,000 from our account number (figure withheld)” was issued with the instruction to transfer the said amount to the same official.

On yet another day, another transfer of N48,470,000 from the party’s account with the Area 3, Abuja branch of a first generation bank was carried out involving the two top executives of the party.

In total, the report indicated that a whopping N671,640,000 was transferred to the personal account of the party executive alone under such suspicious circumstances.

The transfers had continued when administrative workers at the national secretariat of the party were complaining of being owed salaries and wages. The reason why more members of the National Executive Council of the ruling All Progressives Congress (APC) backed out of the tenure elongation gambit championed by the party leadership has been revealed.

According to a report, the decision followed the unearthing of the party’s financial records indicating a breach of all known rules and personalization of party funds in “the most opaque manner.”

It was gathered that a top leader of the party allegedly authorized the disbursement of party funds into personal account of another senior member of the NEC.