Amid the lingering controversy surrounding a N20bn bailout fund the Economic and Financial Crimes Commission alleged was stashed in a fixed deposit account at Sterling Bank by the Kogi State Government, an affidavit deposed to by the Bank has indicated that no money was fixed by Kogi State with the Bank.
The content of the affidavit also negates a letter purportedly written to EFCC by the Central Bank of Nigeria confirming the receipt of the bail-out fund said to have been refunded by the bank.
The EFCC had, last year, accused the Kogi State Government of fixing the N20 billion bailout loan channeled through Sterling Bank instead of using the funds for its purpose.
But the EFCC withdrew the case without prosecuting anyone, fueling suspicion that thorough investigations might have vindicated the state.
