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N20bn Bailout: Sterling Bank Opened Account Without our knowledge – Kogi Commissioner

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The Kogi Commissioner For Finance, Budget and Economic Planning, Asiwaju Idris Asiru, has alleged that Sterling Bank opened the controversial fixed deposit account in the name of the state government without the knowledge or directive of the state.

Asiru disclosed this when he, alongside the state Accountant General, Jibril Momoh and Auditor General, Yakubu Okala, appeared before the state assembly at plenary, on Tuesday, in Lokoja.

They were summoned by the House during plenary on Thursday, Oct.

28, to offer clarification on the alleged N20 billion that was recently forfeited to the Central Bank of Nigeria (CBN) in agreement with the EFCC.

The Commissioner explained that the state government was taken aback when it received the news that the bailout money meant to offset arrears of workers salaries was domiciled in a Fixed Deposit Account with the bank, to yield interests.

He said that when the state government wrote to Sterling Bank to ascertain the authenticity of the news and true position, the bank responded that the government had no such account with it.

Fielding questions from the Legislators, Asiru said that the so called Mirror Account was returned to the CBN as Liability Account by the bank adding that the government also wrote to the bank on the issue.

“No fixed account was ever opened or authorised by anyone, neither was there any N 20 billion kept anywhere.

“The facility in that sum collected from the bank via the approval of CBN in 2019 has since been used for the purpose intended. Salary payment and other overheads.

“Kogi is paying N89 million on monthly basis to settle the bailout loan.

”As a state, we are known for transparency, accountability and efficiency in funds management as it has become a culture under Governor Yahaya Bello.

“That can not be rubbed in the mud easily. As a Government, Gov. Bello remains upright and our books are there to be checked.

”Kogi state is in the good books of the World Bank and other international partners for openness, transparency and accountability, therefore, no amount of misinformation and mischievous assault can fault the records”, Asiru said.

In their submissions, both the Accountant General and the Auditor General of the state held that the bailout fund was judiciously utilised for the purpose it was meant.

On whether Kogi State Government would sue Sterling Bank for damages and if the money returned to CBN belonged to the state, the Finance Commissioner said the questions would be answered after the on-going investigations into the matter.

It was earlier reported that the Economic and Financial Crimes Commission (EFCC) withdrew the suit seeking the forfeiture of N20 billion bailout funds granted to the Kogi state government.

It would be recalled that on Aug. 31, 2021, Justice Tijani Ringim, a Lagos High Court vacation Judge, had frozen the Kogi state account domiciled in Sterling Bank Plc, following an ex-parte application brought by the EFCC.

The commission had alleged that the Bail out money, which was meant for the payment of salary arrears in the state, was kept in an interest-yielding account with the name of the state as “Kogi State Salary Bailout Account.”

At the resumption of proceedings on Friday, Kemi Pinheiro, counsel to the EFCC, moved an application dated October 13, seeking discontinuance of the matter.

The EFCC however withdrew the suit following an application to that effect on the ground that the N19.3 billion would be returned to the CBN. (NAN)

POLITICS

2027: I have No Presidential Ambition – Yahaya Bello

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Former governor of Kogi, Alhaji Yahaya Bello on Friday said he won’t contest against President Bola Tinubu in 2027 because he has no presidential ambition.

In a statement signed by Michael Ohiare, his Media Director, Bello expressed surprise and shock over a video post of his 2022 rally,  claiming he had started campaigning against President Tinubu for 2027.

The statement read: “While we state categorically, that our principal, Bello, has no 2027 presidential ambition, we want to also stress his unflinching commitment to the re-election of President Tinubu come 2027.

“The indices cannot lie. The President and his team have done exceedingly well for the country, despite global challenges.

On merit, he deserves the support of well meaning Nigerians.

“Nigerians should disregard the mischievous post insinuating a fresh presidential support rally as what it is – a senseless post by a confused, witless mind

“The fabricators forgot that the 2022 dates are boldly written on the banners on display. Yet, they expect reasonable people not to see this as the handiwork of detractors. ” he said.

Ohiare described the post as a “senseless post” by mischief makers, who have no other job than to fabricate falsehood and disseminate same to mislead unsuspecting Nigerians.

According to him, the fabricators have tried so hard in their “bring-him-down-at-all-costs” mission against Bello but have always failed woefully.

The director stated that it was not the first time detractors and their co-travellers would fly absolute falsehood with the aim of setting the former governor against President Tinubu.

“But this latest slant of reposting a 2022 rally afresh and insinuating that it is just happening, connotes nothing but sheer mischief.

“Nigerians should be wary of witless persons who concoct stories without thinking, just to satisfy the interests of their paymasters, ” he said

He stressed that the post was out of desperate bid to create crisis where there is none. (NAN)

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POLITICS

2027: APC Governors Endorse Tinubu

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The Progressive Governors Forum on Thursday at the All Progressives Congress (APC) National Summit held in Abuja endorsed President Bola Tinubu as sole candidate for the 2027 presidential election.

The endorsement, which was moved by Gov. Hope Uzodimma of Imo and Chairman of the forum Chairman, was seconded by Gov.

Uba Sani of Kaduna State.

Uzodimma, who spoke on behalf of the forum, emphasised commitment to mobilising resources and ensuring victory for Tinubu in their respective states.

The governors expressed confidence in Tinubu’s leadership and reforms, promising to deliver their states in the upcoming elections.

This endorsement follows similar moves by other APC regional leaders, including the North Central governors who recently passed a vote of confidence in Tinubu’s administration, praising his developmental strides and inclusive governance approach.

(NAN)

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POLITICS

Senate Passes Bill Establishing FMC Adikpo into Law

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By Eze Okechukwu, Abuja

The Senate yesterday passed into law a bill for the establishment of a Federal Medical Center, Adikpo in Benue state.

The bill which was sponsored by Senator Emmanuel Udende (APC, Benue North East) was read for the third and final time during plenary with an unanimous approval by the legislatures when it was committed to the Committee of the whole.

The bill, according to Udende, seeks to establish a federal medical center in Adikpo which will not only cater for the health needs of the people of Benue North East senatorial zone but Benue state and Nigeria in general and beyond.

“The bill awaiting presidential assent seeks to bring medical care closer to the people, especially in times of emergency.

The distance between Adikpo , a Nigerian boarder town and Makurdi, Benue State capital where a Federal Medical Center exists is over 300 kilometers, so patients who need medical care within the Adikpo axis are on a danger line, hence my resolve to use the instrumentality of the parliament to address the troubling health challenge”, senator Udende said.

He explained that the people of Kwande who share boundaries with the Republic of Cameroon most often are required to seek medical attention outside their country and in most cases are frustrated or cannot afford the cost.

According to senator Udende, the strategic location of the health facility will provide potential economic benefits of trade and cultural exchange, giving its proximity to the Republic of Cameroon.

He stressed that the Federal Medical Centre will also trigger infrastructure development, healthcare and open up the locality in terms of education while expressing concerns that the absence of such institutions on the side of the Nigerian border town has grossly caused underdevelopment.

The senator however commended the senate Committee on Health and Tertiary Institutions for conducting a public hearing which gave rise to the final parliamentary journey of the bill.

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