Bailout Loan: EFCC Withdraws Case Against Kogi, Bank To Return N19.3bn To CBN

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The Economic and Financial Crimes Commission (EFCC) yesterday discontinued its suit seeking the forfeiture of the N20 billion bailout fund to the Kogi

The anti-graft agency claimed it discontinued the case after some questions resulting in the commencement of the suit had been clarified and that Sterling Bank Plc, where the account is domiciled, had indicated its intention to return the sum of N19.3bn to the Central Bank of Nigeria .

The counsel to EFCC, Kemi Pinheiro , who filed the motion for discontinuance, listed six grounds upon which Justice Chukwujekwu Aneke dismissed the suit.

 

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