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EFCC attacks Kogi State Government

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Sterling Bank returns over 19 Billion naira to CBN - Because of a case filed by EFCC

The Central Bank of Nigeria is seen to have received a total of over 19 billion naira...from the EFCC for the Kogi state bailout funds.

Mr. Wilson Uwajaren makes it clear that; returns abort dissipation of the funds will put to an end further disagreements. Which is related to the source and ownership of the funds; news agency of Nigeria reports

However, it was noted that Mr. Wilson Uwajaren is reported to be EFCC spokesperson on this matter.

To contradict what the EFCC spokesperson said, Mr. Kingsley Franco, commissioner for information, made a statement on Friday saying that; "Mr. Wilson's statement validates the state government from the accusations by EFCC"

What happened?

In the early scene by EFCC. The commission froze temporarily the Kogi State government account, with the account number 0073572696

The report shows that EFCC allegedly claimed that this money was deposited on an interest-yielding account by the Kogi state government officials, domiciled in Sterling bank. It was later heard that the commission made a Smart move for the initial forfeiture of the funds to prevent further dissipation of the funds in the account.

This money, however, was meant for the payment of salaries in the state and carried the account name Kogi State Salary Bailout Account

The commission later filed an application that suited the immediate decision of Sterling bank to return the money to CBN.

His application was successfully funded by the federal high Court, Kogi division, Justice Chukwuiekwu Aneke. Which is supposed to be what the commission counsel we're praying for.

In conclusion, the commission aired out that returning the funds to CBN put to rest, the act of misinformation and unconscionable denial by the Kogi state government. Which they could say, no funds were recovered from its bailout account.


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