EFCC vs Kogi State Government Over Allegation Of N19.3 Salary Bailout Funds Diversio

Trouble hips for The Kogi State Government as it is tangled with the Economic And Financial Crimes Commission over Allegation of Funds Diversion.

Yahaya Bello Of Kogi State

The State Government Says it is not operating any Fixed Deposit Account with Sterling Bank into which it diverted N19 billion bail out fund it received in 2019 for the payment of workers salaries.

The Kogi State Government has
says the order of Federal High Court in Lagos freezing the state government accounts was based on blatant lies and falshood by the Economic and Financial Crimes Commission(EFCC) to malign the integrity of the administration of Governor Yahaya Bello.

Addressing journalists in Abuja Thursday,, Kogi State Commissioner for Information, Kingsley Fanwo says the EFCC misled the court to grant the ex-parte Order by fraudulently representing to the court that Sterling bank Account(0073572696) is a fixed Deposit Account operated by the Kogi State government.

Kogi State goverrnment says it does not have any N19.3 billion lodged with Sterling Bank or indeed anywhere else in a fixed Deposit Account.

The government says it at no time gave Sterling Bank any instruction to that effect; pointing out that it has finished disbursing the bail out funds on salaries as at July 23, 2019 and that by August 31, 2021 when the Court issued the ex-parte order the cumulative amount it has in both the salary and bail out accounts with Sterling Bank was only N46 million.

The Commissioner presented various bank statements and other salary documents as evidence of how the bail out funds were disbursed of.

Fanwo also brought up
cover letter by Sterling Bank dated 1st September, 2021 confirming that the position of the Kogi State government.

He says the kogi state Goverment is surprised and taken aback that with a mountain of evidences, the EFCC still pushes a falshood, which it used to secure the order freezing an account that did not even exist adding that it will not hold back in taking up the matter in court with the anti-graft agaency.