Investigators are stunned at the discovery that between January 12 and 14,
\n2015, former Governor Gabriel Suswam squandered a whooping sum of
\nN274million, Pointblanknews.com has been informed.<\/p>\n
Sources familiar with the investigation of the former Governor said
\nN274million from the expenditure account of the State was withdrawn on the
\norders of the former Governor under “frivolous overheads.”<\/p>\n
The N274million according to investigators who confided in
\npointblanknews.com under a condition to remain anonymous, is from the sum
\nof N48Billion which represented proceeds from the sales of shares by the
\nBenue Investment and Property Company, BIPC.<\/p>\n
Investigations by our reporter reveal that within the periods of 12th to
\n14th January 2105 the Suswam – led administration had spent over 274
\nmillion on such frivolous overheads all drawn from the expenditure account
\nwhence part of the proceeds from the sale of shares was deposited as
\ndirected by the former Commissioner of finance.<\/p>\n
A breakdown of the frivolous expenditure from the sales which was
\ndeposited into the Zenith Bank account number 1013852648 is as follows:
\n? 17\/10\/2014 –\u00a0 \u00a0 60 Million spent on Military Retreat
\n? 14\/11\/2014-\u00a0 \u00a0 \u00a0 200 Million spent on Government House Expenditure
\n? 20\/11\/2014-\u00a0 \u00a0 \u00a0 45 Million spent on Government House Expenditure
\n? 12\/1\/2015-\u00a0 \u00a0 \u00a0 \u00a0 128 Million spent on Government House Expenditure
\n? 13\/1\/2015-\u00a0 \u00a0 \u00a0 \u00a0 100 Million Spent on Government House Expenditure
\n? 14\/1\/2015-\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 17 Million spent on Government House Expenditure
\n? 16\/1\/2015-\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 29 Million paid to UBA Capital<\/p>\n
The payments, according to investigators were made in cash<\/p>\n
Investigators confirmed that while the state had raised nearly N9Billion
\nfrom the sale of state owned stock at the Benue Cement Company (BCC), One
\nbillion out of the total sum was paid into BIPC account.<\/p>\n
It was gathered that the then Finance Commissioner,\u00a0 Omadachi Oklobia who
\nwas interrogated by the Economic and Financial Crimes Commission, EFCC,
\nlast week had directed that the money be domiciled into two other accounts
\n: 1013852648 and 1013677218 all operated at Zenith Bank.<\/p>\n
Investigators discovered that the Zenith Bank Account with number
\n1013677218 account was not government owned.<\/p>\n
The EFCC had today arrested former Governor Suswam over allegation of
\ncorruption and fraud during his eight year term as Governor from 2007 to
\n2015.<\/p>\n
Pointblanknews.com gathered that Suswam arrived the EFCC office at about
\n10am today and was immediately quizzed over the allegations against him.<\/p>\n
At the time of filing this report, the former Governor is still being held
\nby the anti-graft agency.<\/p>\n","protected":false},"excerpt":{"rendered":"
Investigators are stunned at the discovery that between January 12 and 14, 2015, former Governor Gabriel Suswam squandered a whooping sum of N274million, Pointblanknews.com has been informed. Sources familiar with…<\/p>\n","protected":false},"author":1,"featured_media":42768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-42808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n