The Economic and Financial Crimes Commission(EFCC) has arrested the Executive Chairman of the Edo State Universal Basic Education Board, Mr. Stephen Alao and the Director of Finance, Mr. Adams Osabuohien, over questionable financial operations at the education agency. Both men, who were arrested yesterday, are now at the Ibadan Zonal Office of the EFCC for detailed interrogation over allegations of funds misappropriated running to at least N1.5 billion of public funds at their disposal. According to the petition, the Executive Chairman allegedly inflated contracts, approved bogus weekly Duty Tour Allowances (DTA) for non-existence conferences, used fictitious companies to defraud the board and sold Government properties without remitting same to Government account. In a related development, two top officials of the Zamfara State Universal Basic Education Board, Gambo Lawal Tsafe and Kasimu Mohammed have been convicted for fraud by Justice Fatima Murtala of the Federal High Court Gusau. The convicts, Director and Accountant respectively of the Zamfara State Universal Basic Education Board, ZASUBEB, were arraigned by the EFCC on 12th June, 2016 on a three-count charge bordering on conspiracy and money laundering.