Home Anti Corruption N20bn Bailout Fund: Kogi Demands Apology from EFCC Over Prosecution

N20bn Bailout Fund: Kogi Demands Apology from EFCC Over Prosecution

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The Kogi State government has demanded an apology from the Economic and Financial Crimes Commission (EFCC) over alleged “embarrassment” of dragging it to court over N20 billion bailout fund.

Kingsley Fanwo, Commissioner for Information in the state, on Friday, stated the government’s position at the presentation of awards to senior journalists who participated in the Governor Yahaya Bello Essay Competition for Nigeria’s Political and Crime Editors in Lagos.

The News Agency of Nigeria (NAN), reports that EFCC had on Friday, told the court that it was no longer pursuing the case, after the state government had given its commitment to return the money to the Central Bank of Nigeria (CBN).

Fanwo said it was unfortunate that the commission ignored thorough explanations by the state government on the matter, but chose to heed allegations from “hired guns.”

The commissioner added that it was unfortunate that the anti-graft agency chose to believe allegations that it fixed N19 billion out of the amount in a new generation bank.

He challenged the commission to exhibit professionalism in its affairs, noting, however, that the state government was yet to receive details of the judgement.

Fanwo declared that the state government would address the media after receiving the Certified True Copy of the judgment.

The commission withdrew the suit seeking the forfeiture of N20 billion bailout funds granted to the Kogi government by a new generation bank.

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