CBN has received N19.3 billion Kogi salary bailout funds - EFCC

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The CBN acknowledged the receipt of the Kogi State salary bailout fund in a letter dated November 9, 2021, and addressed to the EFCC chairperson.

has acknowledged receiving N19.3 billion ‘recovered’ by the Economic and Financial Crimes Commission from the Kogi State Salary Bailout account domiciled in Sterling Bank Plc, an official has said.It said the return of the money followed a court order directing the unfreezing of the Kogi State Salary Bailout account to enable Sterling Bank to remit the balance in the account to the CBN.

One of the grounds was that questions resulting in the commencement of the suit had been clarified, and an intention had been shown to return the sum of N19.3 billion to the Central Bank of Nigeria. “The transfer has put paid to any further controversy regarding source and ownership of the funds and most importantly, aborted the fund’s dissipation,” the commission stated.

 

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Few people would have just shared this Kogi bail out fund and still do as if nothing happened. Anti corruption indeed!

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