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Nairaland Forum / Nairaland / General / Education / Federal College Of Education Governing Council Suspends Bursar Over Fraud (412 Views)
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Federal College Of Education Governing Council Suspends Bursar Over Fraud by Rahym001(m): 11:34am On Oct 12, 2017 |
The College of Education,
Obudu, in Cross River State has
suspended its bursar, Ushie
Sixtus, for alleged theft of
N125 million from the
Government Integrated
Financial Management
Information System, GIFMIS,
salary account of the college.
PREMIUM TIMES gathered that
the governing council of the
college on September 29
ordered Mr. Sixtus to proceed
on a three-month suspension
to enable investigation of the
fraud.
GIFMIS is an IT-based system
for budget management and
accounting that is being used
by the federal government to
improve public expenditure
management processes, and
enhance greater accountability
and transparency across its
ministries and agencies.
GIFMIS was designed to help
the government plan and use
its financial resources more
efficiently and effectively.
According to a source in the
college who requested
anonymity for fear of
victimisation, the bursar
connived with a staff of the
Office of Accountant-General of
the Federation to obtain the
code needed to access the
account.
He then allegedly proceeded to
transfer N125 million from the
account into a microfinance
bank in Obudu in four
tranches as “Special overtime
for staff”, “Overtime” and
“Overhead capital grant”.
A document in possession of
PREMIUM TIMES shows two
transfers of N19 million and
N11 million on March 3 “for
capital overhead grant”.
A source at the institution also
alleged that investigation into
the fraud indicted the provost
of the college, James Ejue.
Mr. Ejue and the Registrar of the college,
Magdalene Okoko; did not answer calls or
respond to text messages sent to them.
The bursar, Mr. Sixtus, who also declined
comment on telephone, however said
briefly that he was suspended “for no
reason.”
An acting bursar, Ogar Eje, was on Monday
appointed for the institution.
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