Politics
How EFCC ‘arrested, grilled’ ex-BOI boss, Kayode Pitan, over alleged multi-million dollar fraud.
Operatives of Economic and Financial Crimes Commission (EFCC) have reportedly arrested and grilled former Managing Director of Bank of Industry (BoI), Kayode Pitan.
It was gathered that Pitan, who resigned his position in October 2023, was picked by men of the anti-graft agency days before he bowed out of office.
It was gathered that EFCC received intelligence alleging mismanagement of public funds by the leadership of BOI, then led by Mr Pitan.
READ ALSO: EFCC declares Emefiele’s wife wanted in alleged financial conspiracy
After days of discreet investigations, EFCC operatives moved against Mr Pitan on 16 October 2023. That day, he was allegedly arrested in Lagos and flown to Abuja, where he was interrogated and detained.
The banker reportedly remained in detention until 18 October, when the anti-graft agency granted him administrative bail.
The following day, 19 October, the presidency announced Mr Pitan was resigning and that he was being replaced by Mr Olasupo Olusi, a former World Bank economist and development finance expert.
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