N20bn Bailout: Kogi Demands Apology from EFCC

October 16, 2021
by

KOGI State Government on Friday demanded an apology from the Economic and Financial Crimes Commission (EFCC) over the alleged “embarrassment” of dragging it to court over N20 billion bailout fund.

The Commissioner for Information in Kogi, Mr Kingsley Fanwo, stated the government’s position at the presentation of awards to senior journalists who participated in the GYB Essay Competition for Nigeria’s Political and Crime Editors in Lagos.

Join our WhatsApp Channel

EFCC had on Friday told the court that it was no longer pursuing the case after the state government had given its commitment to return the money to the Central Bank of Nigeria (CBN).

Fanwo said it was unfortunate that the commission ignored thorough explanations by the state government on the matter, but chose to heed allegations from “hired guns.”

He added that it was unfortunate that the commission chose to believe allegations that it fixed N19 billion out of the amount in a new generation bank.

The commissioner challenged the commission to exhibit professionalism in its affairs, noting, however, that the state government was yet to receive details of the judgement.

Fanwo declared that the state government would address the media after receiving the Certified True Copy of the judgment.

The commission withdrew the suit seeking the forfeiture of N20 billion bailout funds granted to the Kogi State Government by a new generation bank.

The money, which was meant for the payment of civil servants was alleged to have been domiciled in an interest-yielding account with the bank by officials of the state government.

Justice Chukwujekwu Aneke granted the order of withdrawal on Friday sequel to a motion filed and argued by EFCC counsel, Mr Kemi Pinheiro (SAN),  leading Mr Rotimi Oyedepo.

Pinheiro listed six grounds upon which the judge granted the prayer, adding that “the EFCC is a responsible body”.

One of the grounds was that questions resulting in the commencement of the suit had been clarified, and an intention had been shown to return the sum of N19.4 billion to the Central Bank of Nigeria.

+ posts
Food Waste Is A Threat To Food Security- Agric Minister
Previous Story

Food Waste Is A Threat To Food Security- Agric Minister

2022 Guber Poll
Next Story

2022 Guber Poll Won’t Affect Developmental Activities- Gov. Fayemi

Featured Stories

Latest from News

China–Nigeria Trade Reaches $22.3bn, Beijing Says

Trade between China and Nigeria reached $22.3bn in the first ten months of 2025, China’s consul-general in Lagos has said. Yan Yuqing told a media forum in Lagos that the figure represented a 30% increase compared with the same period last year.

$9.5m UK Loot Earmarked for Completion of Abuja–Kano Road

More than $9.5m recovered from corruption-linked funds in the UK will be used to complete sections of the Abuja–Kano Road, Nigerian and Jersey authorities have said. The money, held in a bank account in Jersey, was forfeited after a court ruled that

Nigerians React After Trump Warns of Possible US Strikes

President Donald Trump’s warning that the United States could carry out further military strikes in Nigeria if attacks on Christians continue has sparked widespread debate both online and in political circles. The remarks, made in an interview with The New York Times,
Food Waste Is A Threat To Food Security- Agric Minister
Previous Story

Food Waste Is A Threat To Food Security- Agric Minister

2022 Guber Poll
Next Story

2022 Guber Poll Won’t Affect Developmental Activities- Gov. Fayemi

Don't Miss

Gombe United

Rivers United Set To Compound Gombe United Woes

Relegation bound Gombe United will face Rivers United today

Air Peace: Sabotage, Struggle For Nigerian Skies

By Achillues Chud Uchegbu Join our WhatsApp Channel The Nigerian