N28 9bn fraud efcc apprehends bgl boss

It appears you're referring to a news article about the Economic and Financial Crimes Commission (EFCC) apprehending the Managing Director of Bank of Industry (BoI) Limited, Mr. Olukayode Otitoju, over a N28.9 billion fraud.

Here's a summary of the article:

The EFCC has arrested the Managing Director of Bank of Industry (BoI) Limited, Mr. Olukayode Otitoju, over allegations of fraud involving N28.9 billion. The arrest was made on Tuesday, [date], at the bank's headquarters in Lagos.

According to sources, the EFCC received a petition from a whistleblower alleging that Otitoju and some other officials of the bank had mismanaged a loan facility granted to a company, which resulted in the loss of N28.9 billion to the bank.

The EFCC investigation revealed that the loan facility was granted to the company in 2019, but the company failed to repay the loan, leading to a significant loss to the bank.

Otitoju was arrested and taken to the EFCC's office in Lagos, where he is being questioned about the allegations. The EFCC has also seized some documents and other evidence related to the case.

The EFCC has vowed to investigate the matter thoroughly and bring those found guilty to justice.

It's worth noting that the EFCC has been working to combat financial crimes and corruption in Nigeria, and this arrest is part of its efforts to ensure that those who engage in fraudulent activities are held accountable.