Connect with us

News

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

Published

on

Gov. Yahaya Bello of Kogi State
Kogi state Governor, Yahaya Bello
Share

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)

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

News

Deborah Samuel: NBA Calls For Swift Prosecution Of Suspects, Postpones Conference In Sokoto

Published

on

Share

 

The Nigerian Bar Association has condemned extra-judicial killings in any part of the country, describing them as reprehensible, barbaric and unacceptable.

A statement signed by the President of the bar, Olumide Akpata also called on security agencies to do more to stem these ugly developments, and to ensure that the perpetrators of these heinous acts are made to face the full wrath of the law.

Citing the specific cases of a young man (simply identified as David) in Lagos who was reportedly lynched by commercial motorcyclists around Lekki; and the incident in Sokoto involving the murder of Miss Deborah Yakubu, a 200-level student of Shehu Shagari College of Education, Sokoto by some of her school mates for alleged blasphemy, the NBA asked government to immediately commence the prosecution of all suspects involved in these brutal and arbitrary killings in order to send a strong signal that such acts will no longer be tolerated in Nigeria.

The NBA said it believes that the prompt and effective prosecution of the alleged killers will instill confidence in the citizens, promote accountability, and signpost the government’s commitment to the rule of law.

With particular reference to the murder of Deborah Yakubu and related developments in Sokoto, the NBA said it is worried by unconfirmed reports that the suspects have been charged with mere breach of public peace and called on the Sokoto State Government to immediately rethink its prosecution strategy and file charges that truly reflect the gravity of the situation.

On the demand for the release of the suspects by some protesting youths coupled with assault on innocent citizens, burning of worship centres and destruction of property, the NBA said this is worrisome and clearly a test of the will of the State to fully enforce its laws and foster rule of law.

On its annual conference of the Section on Public Interest and Development Law, SPIDEL scheduled to hold next week in Sokoto, the NBA said, having critically reviewed the current security condition in the state, it has become apparent that it cannot guarantee the safety of participants and accordingly, the Conference has been postponed also as a mark of respect for the memory of the slain Deborah Yakubu.

The NBA urged the State Government to fully collaborate with the Federal Government to initiate measures — and where necessary deploy its coercive instruments — to restore peace and order to the State, safeguard lives and property and dissuade vandalism and impunity.

Continue Reading

News

Accord Party’s comment on award of Osogbo-Okinni-Ilobu road project, unfortunate, illogical – Osun Govt 

Published

on

Osun State Map
Share

 

.…says it took over the project to alleviate citizens’ hardship

The government of Osun has explained that it took over the reconstruction of the Osogbo-Okinni-Ilobu road, which is a Federal road, to alleviate the hardship motorists and other road users face daily why plying the road.

The government said the facility had been in a deplorable condition for so long and it could not afford to allow its citizens continue to suffer on the road, adding that it followed due process in taking over the project.

One of the opposition parties in Osun, the Accord Party had in a statement published accused the State Government of taking over a road project that had already been awarded by the Federal Government.

Reacting to the statement by the Accord Party, Mr Ismail Omipidan who is the Chief Press Secretary to the State Governor, described the party’s claims as unfortunate, lame and illogical.

He said while the contract for the rehabilitation of the road had been truly awarded by the federal government on two different occasions since 2012, no concrete work had been done on the project, a development he said forced the State government to take over the project.

“The contract for rehabilitating the road was first awarded by the federal government 10 years ago, but since then, no significant work has been done on the project that has caused so much hardship for our people who use the road.

“It was for this reason that the Governor Adegboyega Oyetola-led administration decided to take over the project to address the needless sufferings and loss of man-hours on the facility,” Omipidan explained.

He further noted that Accord party should be more concerned on how to sell its candidate to the people of Osun rather than engaging in a futile exercise. “The party’s comments on the take-over of the road project by the State government are lame and illogical,” he added.

Omipidan further said: “Accord Party should simply bury its head in shame. Are they saying we should continue to allow the people of Osun to suffer under our administration simply because the road belongs to the federal government?

“If they were discerning enough and if they had listened to Mr. Governor’s speech on the day we flagged off the reconstruction of that road, I am sure they would not bother themselves issuing a statement that lacks substance.

“Mr. Governor said it clearly in his speech that the road contract was awarded about 10 years ago and that as a state government, even though it is a federal government project, we did everything possible to support all the contractors that have had cause to work on that road. But there was no positive result.

“The argument on the timing of the award of the project is preposterous and ill-judged. A government can award a project contract even a week to its expiration, as long as it is in the overall interest of the State and its people.

“We all know that there are processes to take over federal government project that explains why it took us time to start the reconstruction because we have to complete the necessary paperwork.

“During the Governor’s January broadcast, he stated it clearly that though 2022 is going to be an election year but as a responsible governor, he will not allow politics to over shadow governance, so if anything, the Governor should be commended for walking his talk.

“Hon. Lasun Yusuff, the candidate of the Labour Party in the July 16 governorship contest was on air just on Monday, stating how as a former Deputy Speaker of the House of Representatives, he facilitated the reconstruction of the road. He explained how some persons who were coming for his event from Lagos had to return without getting to their destinations after spending three hours on that road, so he was happy and even commended the State government for taking over the road project and so, are the immediate beneficiaries of the road.

“The benefiting communities and road users who ply the road will definitely not be happy with the position taken by Accord Party. The party has indeed missed its target as it cannot use this project to attack Governor Oyetola who has only done what the people desire.

“The party should be more concerned on how to sell its candidate rather than engaging in a futile exercise because this indeed is an exercise in futility, the people of Osun know Mr Adegboyega Oyetola very well as a man of his words and somebody who walks his talks. He has promised that he won’t allow politics to overshadow governance. As a matter of fact, we will reel out more road projects in the days ahead.”

 

 

Continue Reading

News

Death Toll Rises To Nine In Kano Explosion

Published

on

Scene of the Kano blast
Share

 

At least nine persons have died after an explosion rocked Aba Road in Sabon Gari area of Kano, the Ministry of Humanitarian Affairs said on Tuesday.

The bodies were recovered from the rubble of a collapsed building beside a primary school.

The police earlier said the explosion was triggered by gas cylinder and not a bomb as being speculated.

“It is not a bomb explosion, it is a gas explosion,” Commissioner of Police, Sama’ila Dikko, said in a voice recording. “A gas cylinder explosion.

“Because there is a welder, just by the place, and he is the first victim in this situation.”

Dikko added that the police, in collaboration with other security agencies, was also investigating what led to the gas cylinder explosion.

He maintained that the scene was under control.

Continue Reading