N20bn bailout saga: Kogi state makes bold move, presents documentary evidence to CBN »

… Asks CBN to unravel claims by EFCC

In a move to prove as false the claims by the Economic and Financial Crimes Commission against the Kogi State government in respect of the N20 billion Naira bailout fund allegedly hidden by the government in Starling Bank, the state Commissioner of Finance, Budget and Economic Planning, Mukadam Asiwaju Asiru Idris, FCA was on Tuesday, at the Central Bank of Nigeria (CBN), the apex and supervising Bank for all financial institutions in the nation, to submit all documents as regard the bailout loan facility from Sterling bank, the account status and the details of the disbursement as at october 2019.

The Commissioner said the EFCC may perhaps have acted on false information, urging the CBN Governor to meticulously investigate the allegation as raised by the EFCC against the government of Kogi State and to also look deeply into the books of sterling bank for possible infractions.

The Commissioner described those who uphold and speak the truth to be like a lion; fearless , bold and daring, knowing fully well that the truth will prevail regardless the travel time of falsehood.

While the Hon. Commissioner presented all the necessary documents that will help unravel the ambiguity created by EFCC and Sterling bank concerning the alleged N19, 333,333,333.36 billion in a fixed deposit account and said to be returned to the apex bank, he charged the CBN to be bold in exposing the truth.

“As at today, considering the procedure involved in opening any account, neither the EFCC, nor the said bank has been able to present to court of public opinion, at least, the mandate from Kogi State Government to open such bailout fixed deposit account in the name of Kogi state, BVN of those that opened it, their phone number and the names of personnel’s that opened the said account.

“We all know that a fixed account can’t be opened without a mandate from the intended customer, agreement of terms such as tenor to fix, interest rate and many more”.

Until Justice is done and truth unclad for the public to see, the Commissioner said it is no retreat no surrender.

He said nobody can mischievously tarnish the image of the state with corruption allegation and expect the state to stay aloof, “we won’t only uphold the truth, we will make sure the present artificial entanglement is demystified”. He said.