Kogi State Denies Diversion of ₦19.3bn Salary Bail Out Fund

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Bello

The Kogi State government has said the order of the Federal High Court in Lagos freezing the state government accounts was based on blatant lies and falsehood by the Economic and Financial Crimes Commission, EFCC, to malign the integrity of the administration of Governor Yahaya Bello.

The state government further denied operating any Fixed Deposit Account with Sterling Bank into which it diverted 19 billion Naira bailout fund it received in 2019 for the payment of workers’ salaries.

Addressing reporters in Abuja on Thursday, Kogi State Commissioner for Information, Kingsley Fanwo, said the EFCC misled the court to grant the ex-parte order by fraudulently representing to the court that Sterling Bank Account (0073572696) is a fixed Deposit Account operated by the Kogi State government.

Kogi state government said it does not have any 19.3 billion Naira lodged with Sterling Bank or indeed anywhere else in a Fixed Deposit Account.

The government said it at no time gave Sterling Bank any instruction to that effect, pointing out that it has finished disbursing the bailout fund for salaries as of the 23rd of July, 2019 and that by 31st of August 2021 when the court issued the ex-parte order the cumulative amount it has in both the salary and bail out accounts with Sterling Bank was a meager N46 million.

To buttress his points, the Kogi State Commissioner for Information presented various bank statements and other salary documents as evidence of how the bailout fund was disbursed.

He also brought up a cover letter by Sterling Bank dated 1st September 2021 confirming that the position of the Kogi State government.

Armed with all of this evidence, the state government said it is still in shock how the EFCC arrived at the falsehood it used to secure the order freezing an account that did not even exist and will stop at nothing to take up the matter in court with the anti-graft agency and prove to the world and especially the people of Kogi State that its hands are clean.