The Ondo State Public Complaints, Financial Crimes, and Anti-Corruption Commission (SPFACC) has launched an investigation into the suspected diversion of shares valued at more than N800 million, originally allocated to the Ondo State Oil Producing Areas Development Commission (OSOPADEC).
Sources on Monday revealed that the individuals allegedly involved—whose identities are yet to be disclosed—are under scrutiny by the commission.
It is believed that some former board members of OSOPADEC may have unlawfully transferred the shares for personal gain.
Confirming the development, the Secretary of the commission, Prof. Adewole Adeyeye, said the matter is currently under active investigation.
In a related case, the commission is also looking into a complaint against Mr. Femi Ibikunle, CEO of Okolere Agbe Environmental Hospitality Management.
He stands accused of failing to pay salaries for over 200 of his staff for a period of seven months.
These workers, employed as cleaners and deployed to the University of Medical Sciences (UNIMED) in Ondo, reportedly earned N12,000 monthly.
SPFACC assured the public that both matters are being handled with due diligence and that justice would be served.
However, the commission stated that it would refrain from releasing further details for now to preserve the integrity of the ongoing investigations.
One of the affected workers, Mrs. Victoria Iyanuoluwapo, said she was owed seven months’ salary and eventually left her job in 2022 due to persistent issues with payment.
Another worker, Mrs. Olamide Alade, also confirmed she resigned in 2025 after enduring six months of unpaid wages.
Alade noted that the aggrieved workers reported the matter to the anti-corruption body in a bid to seek redress legally and peacefully, without resorting to self-help.
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