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N20bn bailout fund: Make your findings public, Kogi tells EFCC

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Gov. Yahaya Bello of Kogi State
Kogi state Governor, Yahaya Bello
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The Kogi  Government has dared the Economic and Financial Crimes Commission (EFCC) to make public,  report of its investigations on the purported N20 billion bailout fund fraud.

The EFCC in August,  alleged that the N19.3 billion Kogi bailout fund domiciled in Sterling Bank, had been partly misappropriated and the state account frozen on orders of a Lagos High Court.

The News Agency of Njgeria (NAN) recalls that the EFCC  on Friday, withdrew its suit, seeking  forfeiture of  the N20 billion bailout fund.

However, Kogi government  had  kicked against the withdrawal by the EFCC,  charging the anti-graft body to make its findings on the fund public.

In a statement, the Commissioner for Information, Mr Kingsley Fanwo, the state government said  the EFCC despite the withdrawal, should be able to provide  facts of  its investigations.

He also urged Nigerians to ask the EFCC in whose custody it found a part of the bailout fund said to have been dissipated.

Fanwo insisted that the alleged sum of N19.3 billion which Sterling Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria,  does not belong to the Kogi  government, and that the state did not enter into any agreement, either with Sterling Bank or the EFCC, to return any bailout fund to the CBN as being portrayed.

“It is our belief that the  withdrawal of the suit by the EFCC without informing the Court of the facts,  is a deliberate and face-saving effort by the commission,    all in a bid to ‘nail’ at all cost, the Kogi government and tarnish its image,” Fanwo said.

He said  the EFCC violated an earlier order of the court, as it failed to report its findings to the court, rather it unceremoniously withdrew the suit, without facts of its investigation   to the court and the public.

According to him, residents of Kogi  and indeed Nigerians at large,  should rather ask the EFCC to publish on its official platforms,  the report of its investigation as to the ownership of the said sum of N19,333,333,333.36,  and the whereabouts of the sum of N666,666,666.64, which they alleged had been dissipated.

The commissioner further said: “Nigerians should further ask the EFCC whether a commercial bank can  simply undertake to transfer a customer’s money from the customers’ account without the order of any court mandating such transfer or a forfeiture?

“Nigerians also deserve to know what becomes of the criminal allegation that the EFCC made,  when it informed the Federal High Court that the sum of N666,666,666.64  out of the N20 billion bailout loan had been dissipated and that same was being traced.

”Nigerians will  want to know if the EFCC has found the money, if so, in whose custody was it found? Have charges been preferred against the custodian of the said funds.

”Or has the EFCC also abandoned that chase? Nigerians deserve to know the truth.

“We have as of October 2019,  fully disbursed our bailout funds and are already religiously repaying the loan to Sterling Bank Plc,” he  clarified.

The government spokesman said that  concealing these inalienable facts of the matter would be  misleading and unethical.

“Finally, while we reserve all our legal rights against the EFCC, we reiterate our demand for an unreserved apology from the EFCC as contained in our letter to the Chairman of the EFCC on  Sept. 6.

“We hope the EFCC will honour the said demand to regain the trust of Nigerians,” Fanwo said.

He disclosed that the Kogi  government had, as revealed in freshly published documents, sought further clarifications from Sterling Bank to drive home its innocence in the matter.

The commissioner said:  “Buoyed by the strength of our innocence, the Kogi  government on Oct. 4, wrote to Sterling Bank, seeking further clarifications on the contentious account. The Bank did not only reinforce their earlier stance that the account is a Mirror Account; it also made it unequivocally clear that the Kogi  government has nothing to do with the opening or operation of the account.

“All of these facts are in their reply received by the Kogi  government on Oct. 5.

‘”The state government again urges  the  commission to tender public apology to it  and refrain from  measures that can  further damage the image of the nation,”  Fanwo said. (NAN)

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EKITI 2026: RE-ELECT ME FOR CONTINUITY OF GOOD GOVERNANCE, OYEBANJI URGES VOTERS

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…Residents hail Governor for restoring power after 10 years blackout

 

 

 

Ekiti State Governor, Mr Biodun Oyebanji, has said the forthcoming governorship election offers the people of the state an opportunity to use their votes to cement continuity of good governance and defeat politics of retrogression.

 

Governor Oyebanji also urged the electorate to cast their votes massively for President Bola Ahmed Tinubu in the January 2027 presidential election in appreciation of his immense support for the government and people of Ekiti State.

 

The Governor who is the All Progressives Congress (APC) candidate in the June 20 governorship election in Ekiti State said no Nigerian leader has done as much as President Tinubu had done for Ekiti State, hence the state must contribute a high tally of votes that would contribute to his re-election.

 

Oyebanji who spoke on Thursday while addressing rallies in Ekiti East and Ayekire Local Government Areas in continuation of his campaign tour round the state, said frequent changes of ruling parties at election cycles negatively affected the growth and development of the state.

 

Oyebanji also restated his call for peaceful and violence-free election. He enjoined APC members not to be provoked into violence before, during and after the election for the victory to be sweet and remarkable.

The rallies which were turned into carnivals by party members and residents saw the Governor receiving a rousing welcome in Omuo Ekiti and Ode Ekiti, the headquarters of the two council areas in appreciation of the projects implemented and restoring electricity to the axis after a blackout of over ten years.

 

The Governor told the crowd that his administration has succeeded in fulfilling promises made to the people of the two council areas including putting an end to more than ten years of blackout expressing readiness to work harder to consolidate on the gains achieved if he wins re-election at the polls.

 

He spoke just as residents of the community through their spokesperson thanked the Governor for restoring power supply in several communities in the area, after over ten years of blackout. They said the restoration of power supply has boosted local economy of the communities.

 

A massive crowd of party supporters, community leaders, teachers, local government workers, artisans, market women and non-indigenes welcomed the Governor during the rallies and pledged their support for his re-election on June 20.

Speaking in Omuo Ekiti, Oyebanji identified lack of continuity in good governance occasioned by the single term syndrome, said the forthcoming election offers the people of Ekiti an opportunity to elect a governor back-to-back and put a stop to retrogression caused by instability in governance.

 

He said: “In less than a year, Ekiti State will clock 30 years since it was created and no government has won election back-to-back. If one government comes, it will introduce some policies within four years and when another government comes, rather than building on what is on ground, it will introduce something new and the state will have to start all over again.

 

“The problem of Ekiti State development has been lack of continuity in good governance, so June 20 offers us a platform to change that narrative once and for all. On June 20, Ekiti will rise up as a mass army to say enough is enough.

“Through our votes for APC, we must say no to politics of retrogression, to politics of underdevelopment, to politics that does not advance the cause of women, to politics that will take ten steps forward and 50 steps backward, all those will stop on June 20.”

 

The Governor further emphasised the need for a high voter turnout at the Ekiti poll in favour of the APC which he believes would rub off positively on the fortunes of the party in neighbouring Osun State where another governorship election holds in August.

 

According to him, an impressive showing for the party in both Ekiti and Osun States would set the stage for an overwhelming victory for Tinubu at the January presidential poll saying “the governorship poll results in the two states should prepare the groumd for the re-election of the President.

 

Two prominent party leaders in Ekiti East, Senator Biodun Olujimi and Rt. Hon. Femi Bamisile canvassed support for re-election of Oyebanji on the strength of the impact of his administration in the axis.

 

Olujimi, the immediate past Senator for Ekiti South Senatorial District urged voters in the axis to repay the good done by the Governor on election day and be faithful to the covenant to re-elect him back to office.

 

Bamisile, the incumbent member of House of Representatives for Ekiti South Federal Constituency 2, said the Governor has become an adopted son of Ekiti East who must be re-elected because he has done well for the people.

 

A youth leader, Mayowa Ogundana, commended the Governor for creating jobs through the Bring Back the Youths into Agriculture with many beneficiaries in the area and also reconnecting communities back to the national grid after over ten years of being in darkness.

 

Oyebanji also met with traditional rulers in the two local government areas and used the forum to solicit their support for his aspiration and administration.

 

The Governor was joined during the campaign by his Deputy, Chief (Mrs) Monisade Afuye; Speaker, Ekiti State House of Assembly, Rt Hon Adeoye Aribasoye; Deputy Director of the Campaign Council / Senator representing Ekiti South , Senator Yemi Adaramodu among others.

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PGF Denies Reports of Uzodimma’s Removal as Chairman

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The Progressive Governors Forum (PGF) has dismissed reports claiming that its Chairman, Governor Hope Uzodimma of Imo State, has been removed from office.

 

In a statement issued on Friday, the Forum described the reports as false, misleading and without any basis.

 

The Director General of the PGF, Folorunso Aluko, said no meeting was held where such a decision was taken, stressing that the Secretariat has no record of any resolution to remove Uzodimma.

 

“For the avoidance of doubt, the report is entirely false, baseless, and without an iota of truth,” the statement said.

 

Aluko affirmed that Uzodimma remains the Chairman of the Forum, adding that the body remains united and focused on its responsibilities.

 

He urged members of the public, party faithful and the media to disregard the report in its entirety.

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Fani-Kayode Confirmed as Nigeria’s Ambassador-Designate to South Africa

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Femi Fani-Kayode
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Former Minister of Aviation, Femi Fani-Kayode, has confirmed that President Bola Tinubu has approved his redeployment as Nigeria’s Ambassador-Designate to South Africa.

Fani-Kayode made the disclosure in a statement released on Thursday, explaining that the reassignment followed his personal request to be moved from an earlier diplomatic posting to Germany.

According to him, he had initially been nominated for a diplomatic role in Germany but later communicated his concerns about the posting to the Ministry of Foreign Affairs. He subsequently requested to be redeployed to South Africa instead.

The former minister said the Minister of Foreign Affairs, Yusuf Tuggar, approved the request and forwarded it to President Tinubu, who later granted final approval for the redeployment.

“It gives me pleasure to announce that Mr President has graciously approved my posting as Nigeria’s Ambassador-Designate to South Africa,” Fani-Kayode stated.

Explaining the reason behind his preference, he said he wanted to serve in a country he had never visited before, despite having spent a significant part of his life in Europe.

He also noted that South Africa’s economic strength, political outlook, and relationship with Nigeria influenced his decision.

According to him, he preferred a country that shares some of his convictions and values in global affairs, while also aligning with his pan-African foreign policy perspective.

Fani-Kayode further revealed that the redeployment became possible through a mutual exchange arrangement involving Sam Enang, who had originally been posted to South Africa but later opted for Germany.

The former minister also dismissed reports alleging that the German government rejected his appointment.

He described the claims as false, malicious, and an attempt to damage his reputation as well as embarrass the Federal Government.

According to him, no official communication rejecting his appointment was ever issued by German authorities.

Fani-Kayode disclosed that legal action has already been initiated against the media platform responsible for publishing the report, while the matter has also been reported to relevant security agencies.

He urged journalists and media organisations to verify information before publication to avoid spreading misinformation.

The former minister also expressed appreciation to President Tinubu and the Minister of Foreign Affairs for approving his redeployment, adding that he is prepared to represent Nigeria in South Africa.

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