The school requested the EFCC to provide verified banking information to reimburse the fees paid for Yahaya Bello’s children.
Yahaya Bello allegedly prepaid $720,000 from Kogi state funds to educate his five children in grades 2 to 8.
The school stated that they had received $845,852 in tuition fees from September 7, 2021.
After deducting the cost of educational services already provided, the school indicated that $760,910 will be refunded.
The school also offered to notify the anti-corruption agency in case the Bello family tries to make additional payments.
from pulseng
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ReplyDelete😁 Dem no want EFCC wahala. Imagine 0.8 million dollars. And they will be wondering why dollars keep going up. I have said it before that all schools and businesses should collect fees in naira. They can convert it after collection of they so wish. If I school in America will they allow me pay in naira? So they use dollars for too many frivolous things, and they use a lot at once, I mean the looters. I guess they even pay in dollars to lodge in Naija. If care is not taken, they will soon start using it in markets and stores.These people along with the antics of the bureau de change people are causing the naira to lose value, apart from other economic factors such as lack of industries, reduced export, no production of pms from crude oil, market monopolies etc.
DeleteLori iro, I am sure it's a planned laundering scheme between the school and Yahya's family.
Delete13:07, you're right. This kind of looting reveals a poverty mindset that goes down to cost a lot.
DeleteDainty T. The school is an international franchise. It doesn't need to collude with anyone to launder money. Being an American business, it's staff and operators are also at risk of facing charges and being tried in the USA like all those who were jailed in USA and Europe during Atiku's Halliburton scandal while Atiku has continued to dodge visiting the USA till now, except when he went in cover of Saraki (who used the trump international hotel route) as an errand boy instead of under his real ID .
This politicians are without conscience
ReplyDeleteThe fear of EFCC is the beginning of wisdom.
ReplyDeleteI love ethical institutions. Kudos to the school.
ReplyDeleteEthical? Lol.
DeleteEthical? May be it means another thing in ur dictionary. An ethical institution would not have accepted over payment from him. It is looking more like a money laundering institution than a school.
DeleteLet me tell you why they quickly agreed to refund the funds, it is because they know Efcc has all the evidence of the payments made, and if Efcc decides to sue them to recover the funds which has now turned to proceeds of crime, the school would lose more in legal fees and more, secondly, the school would have to open their accounting books for audit and legal scrutiny which would expose more money laundering cases like this by other political office holders who happen to be the bulk of the parents in the school and the school doesn’t want that hence their quick surrender.
If i was Efcc, we would move to recover every penny he paid to them because it can be estd that the funds are proceeds of crime, as it is right now, they have deducted their sch fees and want to refund the balance.
Ethi wetin? Just dey play!!! Anon 12:45, you typed my thoughts. It is purely a conduit for money laundry, if they find out who the owner or the majority shareholder in that school, it's likely going to be a politician who is Yahya's padi.
DeleteAre you for real??? 🙄🙄🙄
DeleteMany international schools accept payment for multiple years of tuition. I schooled in Europe and it's a common practice. You just enter into agreement stating what happens in case of repeating courses, rate changes etc. It's even well explained on admission letters.
DeleteThe shut down the school website because of Bello and his antics😂
ReplyDeleteMaybe all these exotic schools are not totally bad after all... White Lion we hail ooo
ReplyDeleteLol the money they got in 2021 and said nothing
DeleteOnly talking now cause he’s under fire
They should also asked to pay back interest earned
Some of them are used for money laundering
DeleteAnon 12:17 you have a point.
Delete100% anon 12:17.
Delete760,000,000÷50,000
ReplyDelete15,200 persons will get #50k each if them share that money among kogite.
Read again US dollar, not naira
DeleteThis comment has been removed by the author.
Delete760 million in naria
DeleteSch sef don collect their own for service rendered to refund the balance.
ReplyDeleteUse state fund to pay children sch fees in advance. Wicked politician
Please lawyers in the house, is the school under any obligation to pay back the money? They can decide not to and have no legal repercussions right?
ReplyDeleteWhen someone steals ur phone and takes it computer village and sells it, and they agree to buy, and u r able to prove later that it is ur phone because you have the pack it came with and ur receipt, are they under an obligation to return it if u take the case to police? There, u have ur answer.
DeleteAnother example, the Abacha loot u have been hearing, why are foreign countries returning it after nigeria proved to them that it was stolen funds transferred to them by one of our military dictators.
Interesting points. I dont think the phone example is suitable here since this is an institution, and for Abacha, the loot was in his account I suppose. I think the schools decision to pay back promptly may be to avoid bad press, avoid any investigations, and because the service paid for (future education of the son) has not been rendered yet...
DeleteBut from a legal standpoint, If the school decides not to refund, because say, they have a no-refund policy or make a claim that they have moved or invested the money, and the state sues the school; are you saying the school has no chance of winning? If so, based on what law?
Based on POCA proceeds of crime Act, it is the enabling law used to recover looted funds and make recoveries, forfeitures and seizures if it is estd that proceeds of corruption is used to invest, buy properties and so many other things.
Delete18:37, you just said they are not good examples but failed to bring a superior argument. You said the phone example is not good because the school is an institution. I’ll tell you what, the school is a legal entity that has assumed a legal personality, it can sue and be sued just like you and i, so for the purpose of law, you and the school are thesame because they can buy and dispose of a property in their legal name just like you and I, so i still say my analogy is the same.
DeleteSecondly, Abacha example i gave, forget everything, whether the funds were in his personal account or not, why was it brought back? Why couldn’t they keep it? Because it has been proven that it is looted funds, and looted funds are treated thesame world wide. They are proceeds of corruption.
I refer you to Proceeds of Crime(Recovery and Management )Act, 2022. For the first anon asking, read section 19 of the Act, and see why the sch doesn’t stand a chance.
Some people just dey wicked. We dey shout " we want youth to rule " I don't care about age but conscience.
ReplyDeleteAtleast these ones get small conscience
ReplyDeleteYou have seen the youth leader bah! Imagine rooting for his children, parents, and generations of unborn kids.
ReplyDeleteOutrageous 🙄🙄🙄
ReplyDelete