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BREAKING:Kogi Govt hauls EFCC to court over N19.3bn bailout reserves, requests N35b harms

The Kogi State government has hauled the Economic and Financial Crimes Commission (EFCC) to a Federal High Court in Abuja, requesting N35 billion harms over what it called “unverified claims that it fixed N19.3 billion bailout reserves got from the Federal Government”, in a ledger.

Recorded as inquirers in the claim are the Accountant-General of the state, Momoh Jibrin and Commissioner for Finance, Budget and Economic Planning, Asiwaju Mukadam Asiru, while the EFCC, Sterling Bank and the Central Bank of Nigeria (CBN) were recorded as respondents for the situation documented before Justice J. J. Majebi of the Kogi State High Court.

The EFCC had asserted it found N19.3 billion having a place with the Kogi government in a proper store account with Sterling Bank.

The assets, as indicated by the counter unite office, were found in a record with the number 0073572696, with the name Kogi State Salary Bail Out Funds, intended to pay rates in the state yet were supposedly not utilized for its motivation, however the Kogi government has over and again denied the, guaranteeing it didn’t open the said account.

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In an assertion gave by Secretary to the State Government (SSG), Dr. Ayoade Folashade Arike on Monday affirming the claim, the Kogi government said it sued the EFCC for its “bogus and unwarranted” charges that the assets were recuperated from its record.

“The public authority is requesting the amount of N35 billion just as to harms against the first respondent for the abusive distribution, named, ‘Stowed away N19.3bn Kogi compensation bailout reserves got back to CBN’ made on November 19, 2021, on her Facebook page containing, among others, bogus and unwarranted charges of N19.3 billion being gotten back from Kogi State bailout account, which depicts misrepresentation and misappropriation of the public asset against the inquirer,” the assertion said.

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The state government additionally noticed that a High Court in the state had conceded an interval order limiting the EFCC from welcoming state authorities or further distributing any record in regards to the recuperated reserves.

Peruse moreover: Kogi govt pummels EFCC’s cases of misappropriation of N20bn bailout reserve

While requesting that the court pronounce the distribution as “misconstrued, unjust, unlawful, invalid and void”, the offended party additionally requested that the court announce that the lead of the subsequent litigant (Sterling Bank) was off-base, illicit, invalid and void in opening a proper store account number 0073572696 and naming it Kogi bailout account without an application, solicitation, authority or assent of the public authority.

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