The Digest:
The Economic and Financial Crimes Commission has launched a high-profile investigation into the alleged misappropriation of N2bn at the Lagos State University of Science and Technology. According to Sunday PUNCH, the probe has expanded to include three state commissioners and the institution's Vice-Chancellor, revealing cracks in the management of public education funds.
Key Points:
- EFCC is investigating alleged N2bn fraud at the Lagos State University of Science and Technology.
- Vice-Chancellor Prof. Olumuyiwa Odusanya was arrested on Monday and released on bail on Tuesday.
- Three serving commissioners in Lagos State have been invited and quizzed by the anti-graft agency.
- The N2bn was allocated by the state government for departmental accreditation and infrastructure.
- A petition from Human Rights Monitoring Agenda triggered the investigation in April 2025.
- University officials claim the VC was merely invited, not arrested, calling the petition "frivolous."
- Multiple university officials, including the registrar and bursar, were previously interrogated.
Sources: Sunday PUNCH
