The Kogi State Government on Sunday dared the Economic and Financial Crimes Commission (EFCC) to come out with the report of its investigations on the purported N20 billion bailout funds over which a Lagos High Court reportedly froze the state’s account in August.
It insisted that the alleged sum of N19,333,333,333.36, which Sterling Bank had undertaken to the EFCC to transfer to the Central Bank of Nigeria does not belong to the Kogi State Government and that the state did not enter into any agreement, either with Sterling Bank or the EFCC, to return any bailout funds to the CBN as being portrayed. The EFCC had on Friday withdrawn its suit seeking the forfeiture of N20 billion bailout funds.
Justice Chukwujekwu Aneke granted the order of withdrawal sequel to a motion filed and argued by EFCC counsel, Kemi Pinheiro, leading Rotimi Oyedepo.
But the government kicked against the panic withdrawal by the EFCC, challenging the anti-graft body to make public its investigation of the alleged bailout funds.
In a statement on Sunday, signed by the Commissioner for Information and Communication, Kingsley Fanwo, the state government accused the EFCC of hiding inalienable facts and embarking on a face-saving mission with its statement on the withdrawal.
It also asked Nigerians to ask the EFCC in whose custody it found a part of the bailout fund said to have been dissipated.