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The Kogi State Government is threatening to take legal action against the Economic and Financial Crimes Commission for what it describes as a deliberate attempt to malign the integrity of the state governor, Yahaya Bello over an alleged 20 Billion Naira Salary bailout funds said to be in fixed deposit at a commercial bank.
The state government describes as false and malicious the claims by the EFCC that the governor did not disburse the said bailout funds released by the Federal government in 2019 for payment of salary arrears owed civil servants in the state.
Briefing journalists at the Kogi liaison office in Abuja, the Commissioner of Information and Communication, Kingsley Fanwo said the state disbursed the said funds as at October, 2019.
On Tuesday, August 31, 2021 the Lagos Division of the Federal High Court presided over by Justice Tijjani Ringim issued an order freezing the Kogi State salary bailout account domiciled in Sterling Bank over a N20 billion loan obtained from the bank.
Justice Tijjani Ringim, said the order would subsist pending the conclusion of an investigation or possible prosecution by the Economic and Financial Crimes Commission (EFCC).
The EFCC said the N20 billion loan, meant to augment the salary payment and running cost of the state, was kept in an interest-yielding account with Sterling bank.
(C) Control TV 2021.
