N20bn bailout: Kogi demands apology from EFCC



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

The in Kogi, Mr Kingsley Fanwo, stated the government’s position the presentation of awards to senior journalists who participated in the GYB 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 ignored explanations by the state government on the matter; but chose to heed allegations from “hired guns.”

He added that it was unfortunate that the chose to believe allegations that it fixed N19 billion out of the in a new generation bank.

The commissioner the 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 the media after receiving the Certified True Copy of the judgment.

The withdrew the suit seeking the forfeiture of N20 billion bail-out funds granted to the Kogi State Government by a new generation bank.

The money, which was meant for the of civil servants was alleged to have been domiciled in an -yielding account with the bank by officials of the state government.

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.

Pinheiro listed six grounds upon which the judge granted the prayer, adding that “the EFCC is a responsible body”.

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 N19.4 billion to the Central Bank of Nigeria. (NAN)