N20bn bailout fund: Make your findings public, Kogi tells EFCC

The Kogi Government has dared the Economic and Financial Crimes Commission to make public, report of its investigations on the purported N20 billion bailout fund fraud.

However, Kogi government had kicked against the withdrawal by the EFCC, charging the anti-graft body to make its findings on the fund public. Fanwo insisted that the alleged sum of N19.3 billion which the Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria, does not belong to the Kogi government, and that the state did not enter into any agreement, either with the Bank or the EFCC, to return any bailout fund to the CBN as being portrayed.

According to him, residents of Kogi and indeed Nigerians at large, should rather ask the EFCC to publish on its official platforms, the report of its investigation as to the ownership of the said sum of N19,333,333,333.36, and the whereabouts of the sum of N666,666,666.64, which they alleged had been dissipated.

”Nigerians will want to know if the EFCC has found the money, if so, in whose custody was it found? Have charges been preferred against the custodian of the said funds?“We have as of October 2019, fully disbursed our bailout funds and are already religiously repaying the loan to the Bank,” he clarified.

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