Baraza Former Director of Operation, Kingsley Feboke, Others Arrested for Allegedly Diverting hundreds of Millions

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Security operatives from the Bayelsa State Police Command (SIIB) and the Department of the State Security Services (DSS) has again allegedly arrested High Chief Kingsley Feboke, a former Baraza Director of Operations

NAIJA LIVE TV reliably gathered that, Chief Kingsley Feboke, a respected “High Chief in Bayelsa” before his arrest by the Security agents was allegedly masterminded a conspiracy with the Head of Baraza ICT One Jude Oriabure to form a syndicate to siphone hundreds of millions of naira belonging to the Baraza Multipurpose Cooperative Society which led to their “CRASH”

Mr. Jude Oriabure, Director of ICT

NAIJA LIVE TV Last week reported that Security operatives also arrested one Mr. Williams Orji, the CEO of Paraclet Multipurpose Cooperative Society Limited, a new cooperative office, located across popular Kpansia market in Kpansia Community, Yenagoa.

It is alleged that before his arrest, Mr. Williams Orji who was working in the accounts department had on several occasions issued monthly payments that were linked to Point Of Sale (POS) transactions.

READ ALSO: EXCLUSIVE: Police arrests Baraza staff, as auditors uncover financial fraud [LEAKED AUDIO]

According to sources, his scheme was to collect cash from unsuspecting investors and divert the funds to POS which he later converted for personal use while he issued them fake receipts.

NAIJA LIVE TV EXCLUSIVELY gathered that, Mr. Williams Orji in November 5th, 2020, received about N8, 945, 714 million Naira from his personal UBA savings account and only remitted N430, 110 and kept the rest to himself.


NAIJA LIVE TV further gathered that as pressures mounted on the Baraza CEO, Miebi Bribena, over issues of remittance delays, he launched investigation into the matter and later discovered that his trusted staff was milking the cooperative dry through dubious means.


Meanwhile, NAIJA LIVE TV has been reliably informed that a team of auditors have uncovered a massive fraud involving some staff of Baraza Multipurpose Cooperative Society which has prompted the need for the forensic audit.


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