{"id":87094,"date":"2021-10-16T13:44:33","date_gmt":"2021-10-16T12:44:33","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=87094"},"modified":"2021-10-16T13:44:33","modified_gmt":"2021-10-16T12:44:33","slug":"n20bn-bailout-fund-kogi-govt-demands-apology-from-efcc","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/n20bn-bailout-fund-kogi-govt-demands-apology-from-efcc\/","title":{"rendered":"N20bn bailout fund: Kogi govt demands apology from EFCC"},"content":{"rendered":"<div id=\"m13137\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\" style=\"text-align: justify;\">Kogi State Government on Friday has demanded an apology from the Economic and Financial Crimes Commission, EFCC, for \u201cembarrassing\u201d the state by dragging it to court over a N20 billion bail-out fund.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal  \" style=\"text-align: justify;\">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Recall, the commission had on Friday told the court that it was no longer interested in pursuing the case after the state government had given its commitment to return the money to the Central Bank of Nigeria, CBN.<\/p>\n<p>Commissioner for Information, Kingsley Fanwo, stated ths state government\u2019s position at the presentation of awards to senior journalists that participated in the Governor Yaya Bello, GYB, Essay Competition for Nigeria\u2019s Political and Crime Editors in Lagos.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He said it was unfortunate that the commission ignored thorough explanations by the state government on the matter but chose to heed allegations from \u201chired guns.\u201d<\/p>\n<p>Fanwo added that it was unfortunate that the commission chose to believe allegations that it fixed N19 billion out of the money in a new generation bank.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">He challenged the commission to exhibit professionalism in its affairs, noting, however, that the state government had yet to receive details of the judgement.<\/p>\n<p>Fanwo declared that the state government would address the media after receiving the Certified True Copy of the judgment.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The commission withdrew the suit seeking the forfeiture of N20billion bailout funds granted to the Kogi State Government by a new generation bank.<\/p>\n<p>The money, which was meant for the payment of Kogi workers, was alleged to have been domiciled in an interest-yielding account with the bank by officials of the state government.<\/p><\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Justice Chukwujekwu Aneke granted the order of withdrawal on Friday sequel to a motion filed and argued by EFCC counsel, Mr Kemi Pinheiro, SAN, leading Mr Rotimi Oyedepo.<\/p>\n<p>Pinheiro listed six grounds upon which the judge granted the prayer, adding that \u201cthe EFCC is a responsible body\u201d.<\/p>\n<p>One of the grounds was that questions resulting in the commencement of the suit had been clarified, and an intention had been shown to return the sum of N19,333,333,333.36 to the Central Bank of Nigeria.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\" style=\"text-align: justify;\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Kogi State Government on Friday has demanded an apology from the Economic and Financial Crimes Commission, EFCC, for \u201cembarrassing\u201d the state by dragging it to court over a N20 billion&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":82613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-87094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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