Three suspected fraudsters have been arrested by operatives of the Economic And Financial Crimes Commission (EFCC) for allegedly diverting funds belonging to Jephtah International School, East-West Road, Port Harcourt, Rivers State.

A staff of Access Bank Plc, Cyril Ameh-Idakwoji, who was the Account Officer of the school; Boma Obama Chisom, who posed as the Customer Relations Officer of the bank and Aderemi Adebayo Moses who prints fake documents, allegedly diverted over 37 million Naira, the EFCC said.

The anti-graft agency, which has been able to return over 36 million to the proprietress of the school, Mrs Ifeoma Chukwuogo, said the Commission, in the course of investigation, also recovered other suspected proceeds.

Recovered funds were returned to the school by the Port Harcourt Zonal Head of Operations of the EFCC, Ishaq Salihu.

A statement by the EFCC said the matter was reported on September 7, after the school's cheques could not be honored for days. 

Salihu explained that at the beginning of every new term, Idakwoji would visit the school to collect fees paid in cash and cheque by parents, and issue deposit slips to the school.

Investigations showed that he only lodged the cheques but diverted the cash collected for his personal use.

"Besides, Idakwoji issued doctored Statements of Account to the school in a bid to cover up his nefarious actions," the statement read.

Salihu further disclosed that another accomplice, Moses, printed fake letter heads of another organisation where he is also the account officer.

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In her response, Mrs Chukwuogo thanked the EFCC for its swift response and called on Nigerians to give more support to the Commission.  

"On behalf of Jephtah International Schools, I want to say a very big thank you for helping us recover this money", she said.