Wednesday, July 22, 2026

Ondo anti-graft agency probes diversion of N800 million OSOPADEC fund

Adewole Adeyeye, the secretary of the anti-graft agency, disclosed that the shares were allegedly spent by former board members of the commission.

• May 6, 2025
Ondo State Oil Producing Areas Development Commission (OSOPADEC)
Ondo State Oil Producing Areas Development Commission (OSOPADEC)

The Ondo State Public Complaints Financial Crimes and Anti-Corruption Commission has launched an immediate investigation into the alleged diversion of N800 million worth of shares in the Ondo State Oil Producing Development Area Commission (OSOPADEC).

Adewole Adeyeye, the secretary of the anti-graft agency, disclosed on Tuesday in Akure that the shares were allegedly spent by former board members of the commission.

Mr Adeyeye failed to name the identity of the past board members but noted that they are currently being probed for their involvement in the malfeasance.

“The shares were diverted and shared by some past board members of the commission to the individual ownership,” he said briefly at an event.

Also, the anti-graft confirmed the case of an environmentalist, Femi Ibikunle, who is being probed for financial racketeering, accused of failing to pay over 200 workers of his company.

The workers, mostly cleaners at the state government-owned University of Medical Sciences (UNIMED), were owed over seven months’ arrears with N12,000 monthly pay.

Mr Adeyeye said the commission got wind of the case through whistleblowers who reported the fraud going on in the company.

While explaining that it would ensure proper investigation, the secretary of the anti-graft said justice would be served to anyone found guilty in the cases.

“So, permit me not to go into details of the cases because we are still going on with our investigation,” he added.

Earlier, two ex-workers of Mr Ibikunle had revealed how they started their jobs as cleaners in the company.

Victoria Iyanuoluwapo and Olamide Alade said they decided to leave the job following the insistence of Mr Ibikunle that he could not pay their salaries.

“And we did not want to take the law into our hands, so we have to report his case,” Ms Alade said.

Last year, the commission’s chairman, Williams Akintoroye, said the anti-graft agency received 36 petitions in the seven months.

Mr Akintoroye revealed that petitions included written and oral complaints and cover cases involving government officials under investigation.

He stressed that all complaints before the commission are properly scrutinised, adding that the commission is fully committed to transparency and impartiality.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Olatimbo Ayinde, President Bola Tinubu

Anti-Corruption

Dutchford: NUPRC awards Nigeria’s lucrative oil block to Bola Tinubu’s lover Olatimbo Ayinde

Ms Ayinde, a British-Nigerian oil businesswoman, on trial in the United Kingdom for cross-border criminal conspiracy and wields a strong influence in the Tinubu administration.

Ogun prison

States

Ogun resident sentenced to prison for breaking into church

Ahmed Akinbode, 21, was, on Wednesday, sentenced to one year in prison for breaking into a church.

Kwara State University (KWASU)

Education

NUC approves 24 new programmes for KWASU

NUC has approved the full-time takeoff of new programmes at KWASU, with effect from the 2026/2027 academic session.

Ma Qiang

Africa

Chinese envoy, South Sudan governor pledge more cooperation in education

Chinese ambassador to South Sudan Ma Qiang and South Sudan’s Central Equatoria Governor Emmanuel Adil Anthony met in Juba on Tuesday.

Ethiopian Airlines

Africa

Addis Ababa becomes leading African tourism destination

Addis Ababa, the capital of Ethiopia, is rapidly establishing itself as one of Africa’s fastest-growing tourism destinations.

Magistrates’ Court

Anti-Corruption

Ekiti man arrested for multimillion-naira fraud

The defendant is facing trial on a three-count charge bordering on conspiracy, obtaining money by false pretence and fraudulent conversion.