Kogi poly burser 4 others steal n157m via payroll fraud

It appears that there has been a significant financial scandal at the Kogi State Polytechnic, involving the theft of N157 million through payroll fraud.

According to reports, the fraud was perpetrated by the institution's Bursar, who allegedly conspired with four others to steal the massive sum of money. The Bursar, who is responsible for managing the institution's finances, is believed to have used his position to manipulate the payroll system and siphon off funds meant for the payment of staff salaries and other expenses.

The fraud was reportedly uncovered during an audit of the institution's finances, which revealed a significant discrepancy in the payroll records. An investigation was subsequently launched, and the Bursar and his accomplices were arrested and charged with fraud.

The theft of N157 million is a significant amount of money, and it is likely to have a major impact on the institution's finances and operations. It is also a serious breach of trust and a violation of the public's trust in the institution.

It is important that those responsible for the fraud are held accountable and that measures are taken to prevent such fraud from occurring in the future. The institution should also take steps to ensure that its financial systems are secure and that its employees are held to the highest standards of integrity.

Here is a summary of the incident: