Subtle investigation by the dreaded anti-graft agency, Economic and Financial Crimes Commission (EFCC) in the affairs of the Bayelsa State Treasury Department may have yielded result with the arrest of a top officer over allaged N300 million fraud.
The arrest, according to a source, is already causing panic among the treasury staff.
Also arrested were three staff of a new generation bank for collaboration in the deal.
The arrested persons were alleged to have perfected the fraud through taxes deducted from workers in the state and Value Added Tax (VAT) in collaboration with the bank officials.
Following the development, the state government has concluded plans to re-organise the department and consider appropriate sanctions against the erring banks.
It would be recalled that the Due Process and e-government Bureau had during the biometric exercise indicted the department in the discovery of 17,132 ghost workers in the state’s payroll.
“Government is determined to block the loopholes in its financial dealings, and all those ‘rats’ in the system will not be spared” an aide to the governor told The Weekend Tide in reaction to the incident.
Meanwhile, he said they were not surprised over the discovery, saying that it is a proof for “Monumental Fraud going on in the state.”
In statement signed by its acting chairman, Comrade Miriki Ebikibina, asserted that since assumption of office, the governor, Chief Timipre Sylva, has only been paying lip service to checking corruption in his administration.
The party, therefore, called on EFCC to “unravel the cabal that is milking the state dry and punish them accordingly.”