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N20b Bailout: Kogi Assembly knocks EFCC over allegation against Gov. Bello

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The Kogi State Home of Meeting has berated the Financial and Monetary Crime Fee, (EFCC), for allegedly accusing Governor Yahaya Bello of diverting N20 Billion into a hard and fast deposit account.

The home at its plenary on Tuesday described the report of the anti-graft company ordering the Federal Excessive Court docket sitting in Lagos to grant an order to freeze an account purportedly belonging to the Kogi State Authorities in Sterling Financial institution PLC as an try to tarnish the picture of Governor Bello and distract him.

In a movement offered earlier than the home by the speaker, Kogi State Home of Meeting, Prince Mathew Kolawole and browse by the Deputy Speaker, Ahmed Mohammed, condemned the EFCC for elevating a false alarm to place the Governor and the State in a foul gentle.

Whereas passing a vote of confidence on Gov. Bello, the Meeting directed the Financial and Monetary Crimes Fee to tender an unreserved public apology to the Governor and Kogi State for the embarrassment.

The meeting, nonetheless, threatened to take authorized motion towards the EFCC for orchestrating the falsehood and propagating identical.

The movement reads partially, “My Distinguished Honourable Members, it’s surprising that a number of days in the past, the Nigerian Social Media house and Tv Stations have been agog with a screaming FAKE NEWS of 20 billion Naira, Bailout Mortgage for salaries permitted by the Federal Authorities, via. Sterling Financial institution, diverted into a hard and fast deposit account at Sterling Financial institution, Lokoja.

“Financial and Monetary Crimes Fee (EFCC) raised the false alarm of the mentioned 20 billion naira warehoused in a hard and fast deposit account, yielding curiosity; thereby deceptive a Federal Excessive Court docket sitting in Lagos to grant an order to freeze an account (0073572696) purportedly belonging to Kogi State Authorities in Sterling Financial institution PLC; which in actuality doesn’t belong to the Kogi State Authorities in keeping with Sterling Financial institution.

“It was alleged that a part of the identical fund was drawn down, with out utilizing the fund for what it was meant for. These false statements have now been debunked by the State Authorities in a press assertion and Sterling Financial institution which allegedly holds the account.

Court docket freezes Kogi govt’s N20bn bailout mortgage account with Sterling Financial institution

“Distinguished colleagues, it’s now on document that Sterling Financial institution Plc, on 1st September 2021, in an official response to a requirement letter from the Kogi State Authorities refuted the EFCC’s allegation in totality.

“Upon listening to the information. I instantly instructed the Public Accounts Committee of the Home to research the disbursement of the final tranche of the Bailout Funds and the utilization of identical.

” The Committee established in its Report that there was no reality to the mentioned allegation because the Bailout facility had been completely drawn down by October 2019. Consequently, it’s clear that the actions of the EFCC have been an try to tarnish the picture of His Excellency, Yahaya Bello and distract him. The mentioned Report and the official response by the financial institution subsequently clearly vindicates the Governor and his administration.

“My Distinguished Colleagues, it’s equally on document, that, the Governor has obtained excessive commendations from varied organizations for being the one State that ever scored 100% within the States Fiscal Transparency, Accountability and Sustainability Programme (SFTAS) among the many Nigerian States.

“Governor Yahaya Bello equally obtained a commendation from the workplace of the Accountant Basic of the Federation for being one of many few states to have adopted the IPSAS Accrual Foundation Accounting, which is focused at making certain transparency and accountability in monetary reporting within the public sector.
From the above statements, it’s now established that the Governor has prudently managed the funds of the State”.

Whereas supporting the movement, Kilani Olushola Olumo, representing Ijumu State constituency famous that the GYB model is valuable to Kogites, and the Home won’t permit it to be dented.

Dahiru Ahmed of Okene II Constituency who’s a member of the Public Accounts Committee in his submission famous that after due oversight capabilities and interface with events, monetary our bodies and establishments concerned, the allegation is only a transfer to tarnish the picture of the Governor due to his political ambition.

Musa Jimoh of Yagba East Constituency, in his contributions, famous that the Commissioner for Finance, Finances and Planning was in a position to write to Sterling Financial institution, giving them an ultimatum to answer in lower than 24hours, in order to clear the title of the Governor and the State Authorities.

He added that the financial institution replied swiftly and certainly, put to false the allegations from the Financial and Monetary Crimes Fee (EFCC).

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