Kogi asks EFCC to apologize for naira 20 billion bailout loan


The Kogi government on Friday demanded an apology from the Economic and Financial Crimes Commission for the charge against the state over a 20 billion naira bailout loan.

On August 31, 2021, a Lagos High Court judge, Tijani Ringim, froze the Kogi State account domiciled at Sterling Bank Plc, following an ex parte request by the EFCC.

The anti-corruption commission alleged that the money, which was intended to pay salaries in the state, was kept in an interest-bearing account called the “Kogi State Salary Rescue Account”. .

When the proceedings resumed on Friday, Kemi Pinheiro, counsel for the EFCC, filed a request for dismissal.

“That the management of Sterling Bank Plc, where account No. 0073572696 with the name of Kogi Salary Rescue Account is domiciled, has since acknowledged the existence of said account in its book but claimed that it was a mirror account “, indicates the application.

Other reasons for the demand were that N19.3 billion would be returned to the Central Bank of Nigeria.

Speaking on Friday at the awards ceremony for journalists who took part in the GYB essay competition for Nigerian political and criminal writers in Lagos, Kingsley Fanwo, Kogi’s education commissioner, said he was “unhappy” that the EFCC chose to believe in “guns”.

Fanwo called the EFCC’s action an “embarrassment”, adding that the agency “ignored the state government’s extensive explanations on the matter, but chose to believe claims it fixed 19 billion naira on the amount in a new generation bank “.

The Commissioner also urged the EFCC to demonstrate professionalism in the exercise of its functions.

Fanwo added that the state will address the media after receiving the certified copy of the judgment.


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