Saturday , December 4 2021

EFCC deposits Kogi state N20b bailout fund with CBN

The Economic and Financial Crimes Commission (EFCC) has confirmed the return of Nineteen point three Billion Naira Kogi state salary bailout funds, recovered by the Commission, to the Central Bank of Nigeria.

A spokesperson for EFCC, Wilson Uwujaren, disclosed this in a statement in Abuja, on Friday.

Uwujaren said the return of the money to the CBN would effectively put to rest the campaign of misinformation and unconscionable denials by the Kogi state government that no funds were recovered from its bailout account.

The money was meant for the payment of Kogi state workers but was allegedly domiciled in an interest-yielding account with Sterling Bank PLC.

The Kogi state government, through the Commissioner for Finance, Budget, and Economic Planning, Asiwaju Idris Asiru, denied knowledge of the fixed deposit account with the said bank.

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