An accountant with Covenant University, Ota, Ogun State has been arrested by the Economic and Financial Crimes Commission for allegedly diverting N180m school fees belonging to the school.
The diversion of the money was said to have taken years before the university discovered his alleged fraud.
The Chancellor of the university and Presiding Bishop of Living Faith Church Worldwide, Bishop David Oyedepo, reportedly described the accountant’s lifestyle as “riotous”.
The suspect was said to have bought some flashy cars, which he allegedly kept in a mansion he bought with part of the stolen money at Lekki, Lagos, despite having a house in the school where he lives with his wife.
