Ex-CBN Staff Forfeits Properties To Govt For Operating Illegal Polytechnic (Photos)


The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal office
today, February , 13, 2017, executed the interim order granted by
Honourable Justice Taiwo Taiwo of Federal High Court , Ado Ekiti against
one Johnson Babalola in respect of the property of TEEDEK POLYTECHNIC,
Ilogbo- Ekiti allegedly operating without the requisite government

The property located on Km 4 Ido-Ijero Ekiti Road, ilogbo Ekiti, Ekiti
State.The order of the court is pending the final determination of
prosecution of the accused person charged with advance fee fraud and
operation of illegal Polytechnic.

You will recall that Johnson Babatola was arraigned by the Economic and
Financial Crimes Commission (EFCC), Ibadan Zonal Office on Monday, 10,
October, 2016 in a Federal High Court, Ado-Ekiti, before Justice Taiwo
Taiwo for operating an illegal polytechnic.

Babatola, a former Principal Manager of the Central Bank of Nigeria
(CBN), Ado-Ekiti branch, was arrested following a petition from the
National Board for Technical Education (NBTE) in Kaduna, alleging that
he was operating an illegal Polytechnic named Teedek Polytechnic at
Ilogbo, Ekiti State.

The board said that the accused had allegedly extorted gullible students, who were not aware of the status of the institution.
The petitioner further alleged that some of the students of the
Polytechnic had earlier reported the institution to the board and they
had published the school as an illegal institution in some National

It said that the accused failed to stop the fraudulent act and as such
continued to fleece innocent students through the Polytechnic.
The petitioner said that Babatola had sometime between the month of
August 2013 and March 2015 intended to defraud Adakeja Thomas Olusola at
Ilogbo Ekiti within the jurisdiction of the court to the tune of
N118,000 having falsely represented that the money was tuition fees. It
said that the accused told the victim that money was for the award of
National Diploma Certificate by Teedek Polytechnic.