The Economic and Financial Crimes
Commission has disclosed that it has returned the sum of #19.3 billion bailout funds reportedly hidden by Governor Yahaya Bello-led government to the Central Bank of Nigeria.
The development was disclosed in a statement released by the spokesman of the commission, Wilson Uwujaren on Friday.
Recall that the commission had earlier accused the state Government of stashing the money in a Sterling Bank account, an accusation which the state Government denied accusing EFCC of mischief.
Uwujare further stated that the decision of the anti-graft agency puts to rest “the campaign of misinformation and unconscionable denials by the Kogi State Government that no fund was
recovered from its bailout account.
“The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred and Thirty-three Million, Three Hundred and Thirty-three Thousand, Three Hundred and Thirty-three Naira, Thirty-six
Kobo) recovered the EFCC from the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc.
This effectively puts to rest the
campaign of misinformation and
unconscionable denials by the Kogi State Government that no fund was recovered from its bailout account.”
