Nigerian State Challenges Financial Crimes Commission
Oct 18, 2021 ·
1m 6s
The Kogi State Government dared the Economic and Financial Crimes Commission to come out with the report of its investigations on the purported N20 billion bailout funds over which a...
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The Kogi State Government dared the Economic and Financial Crimes Commission to come out with the report of its investigations on the purported N20 billion bailout funds over which a Lagos High Court reportedly froze the state’s account in August.
The state in a statement insisted that the alleged sum of N19,333,333,333.36, which Sterling Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria did not belong to the Kogi State Government and that the state did not enter into any agreement, either with Sterling Bank or the EFCC, to return any bailout funds to the CBN as being portrayed.
The government however kicked against the withdrawal by the EFCC, challenging the anti-graft body to make public its investigation of the alleged bailout funds.
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The state in a statement insisted that the alleged sum of N19,333,333,333.36, which Sterling Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria did not belong to the Kogi State Government and that the state did not enter into any agreement, either with Sterling Bank or the EFCC, to return any bailout funds to the CBN as being portrayed.
The government however kicked against the withdrawal by the EFCC, challenging the anti-graft body to make public its investigation of the alleged bailout funds.
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