The Independent Corrupt Practices and Other Related Crimes Commission (ICPC) has confirmed Muibi Alade Folawiyo’s arrest and bail. Folawiyo as the chairman of Lagos Island East LCDA.
The ICPC said he was arrested for some alleged financial crimes but was granted administrative bail while the investigation continues.
Folawiyo was arrested for alleged gross corruption, massive stealing, diversion of public funds for personal benefits, non-adherence to due process, among other reasons.
He was arrested at the Council Secretariat on 42 Broad Street, Lagos, after failing to honour repeated invitations sent and acknowledged by him.
When LEADERSHIP contacted the ICPC, Demola Bakare, he confirmed the arrest and told our correspondent that Folawiyo has been granted bail.
He said, “…Yes, he was arrested by a team from headquarters for the reasons above, but was granted administrative bail. He is expected to report today as the investigation continues.”
