Friday, 9 May 2025
Subscribe
TrackNews Logo
  • Home
  • News
  • Politics
  • Niger Delta
  • Entertainment
  • Business
  • Health
  • Sports
  • Crime
  • Editorial
  • đŸ”„
  • News
  • Politics
  • Business
  • Breaking News
  • National
  • Entertainment
  • Crime
  • Sports
  • Niger Delta
  • Gist
Font ResizerAa
Track NewsTrack News
Search
Follow US
©2025 Track News Media. All Rights Reserved. | Website Designed By AfeesHost
Home » Blog » N20 Billion Ransom: Kogi Assembly Convenes Finance Commissioner, Sterling Bank Manager & Others
News

N20 Billion Ransom: Kogi Assembly Convenes Finance Commissioner, Sterling Bank Manager & Others

Track News
Last updated: October 29, 2021 11:10 am
Track News
Share
SHARE

The Kogi State House of Assembly ordered the State Finance Commissioner Asiwaju Idris, the State Accountant General, the State Auditor General and the Lokoja Branch Manager of Sterling Bank to appear before it on allegations of fraud against the state government.

Kogi State House Speaker Mathew Kolawole issued the order on Thursday when Governor Yahaya Bello presented the 2022 budget to the holy chamber.

Kolawole said the men are due to appear at the home next week on Tuesday to clarify the allegations, with a view to unraveling what money was returned to the central bank.

He said the house created a committee to investigate the accusation against the government, which was found to be false.

“The result of the litigation that arises from the accusation against the state government by the Economic and Financial Crimes Commission (EFCC) that saw the anti-bribery agency withdraw the case is a clear manifestation of the probity and transparency of the style of government of His Excellency. This Assembly is really proud of you in this, ”he said.

Newslodge had previously reported that the Economic and Financial Crimes Commission (EFCC) dropped the lawsuit seeking the confiscation of N20 billion of ransom funds awarded to the Kogi state government.

On August 31, 2021, Tijani Ringim, a Lagos High Court judge, had frozen the Kogi State account domiciled at Sterling Bank Plc, following an ex parte request filed by the EFCC.

The commission had alleged that the money, which was intended for the payment of wages in the state, was instead held in an interest-bearing account under the name ‘Kogi State Wage Rescue Account’.

As proceedings resumed on Friday, Kemi Pinheiro, a lawyer for the EFCC, submitted a request dated October 13 seeking the suspension of the matter.

One of the reasons for the request was that 19.3 billion naira would be returned to the Central Bank of Nigeria

TAGGED:N20 Billion Ransom: Kogi Assembly Convenes Finance CommissionerSterling Bank Manager & Others
Share This Article
Email Copy Link Print
Previous Article FG Spends ₩5 Billion To Feed 228,046 Children In Gombe
Next Article Dele Momodu Joins PDP
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

You Might Also Like

News

Ohanaeze chieftain insists on removal of fuel subsidy to end scarcity

By
afees4me

Police parade man who stole female pant in Anambra

By
Track News

Gov Lalong appoints five new judges

By
Track News

‘I have killed 20 persons’ – Murder suspect confesses in Osun

By
afees4me
Track News
Facebook Twitter Youtube Instagram

About US

Track News is a leading news site with a primary focus on Nigeria and world news in general. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Top Categories
Usefull Links

© Track News Media. All Rights Reserved. | Website Designed By AfeesHost

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?