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		<title>Alleged N20bn bailout: Kogi govt. reacts, gives EFCC 48-hour ultimatum to apologise</title>
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		<pubDate>Mon, 22 Nov 2021 14:45:31 +0000</pubDate>
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		<category><![CDATA[Alleged N20bn bailout: Kogi govt. reacts]]></category>
		<category><![CDATA[gives EFCC 48-hour ultimatum to apologise]]></category>
		<category><![CDATA[Yahaya Bello]]></category>
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					<description><![CDATA[<p>The Kogi state government has given a 48-hour ultimatum to the Economic and Financial Crimes Commission (EFCC) to apologise and retract a ‘malicious’ statement that it kept N20 billion bailout fund meant to pay salaries in a commercial bank meant to yield interest. The state’s Commissioner for Information, Kingsley Fanwo, in a briefing, on Sunday, [&#8230;]</p>
<p>The post <a href="https://megaiconmagazine.com/alleged-n20bn-bailout-kogi-govt-reacts-gives-efcc-48-hour-ultimatum-to-apologise/">Alleged N20bn bailout: Kogi govt. reacts, gives EFCC 48-hour ultimatum to apologise</a> first appeared on <a href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
<p>The post <a rel="nofollow" href="https://megaiconmagazine.com/alleged-n20bn-bailout-kogi-govt-reacts-gives-efcc-48-hour-ultimatum-to-apologise/">Alleged N20bn bailout: Kogi govt. reacts, gives EFCC 48-hour ultimatum to apologise</a> appeared first on <a rel="nofollow" href="https://megaiconmagazine.com">MegaIcon Magazine</a>.</p>
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										<content:encoded><![CDATA[<p class="p1"><span class="s1">The Kogi state government has given a 48-hour ultimatum to the Economic and Financial Crimes Commission (EFCC) to apologise and retract a ‘malicious’ statement that it kept N20 billion bailout fund meant to pay salaries in a commercial bank meant to yield interest.</span></p>
<p class="p1"><span class="s2">The state’s Commissioner for Information, Kingsley Fanwo, in a briefing, on Sunday, in Lagos said the state government did not open or create the said account.</span></p>
<p class="p1"><span class="s2">“I want to assure you that after 48 hours from today, if they refuse to retract their ill-fated, false, politically motivated, irresponsible press statement, we will drag them to court,” the commissioner said.</span></p>
<p class="p1"><span class="s2">Fanwo, also challenged the Commission to produce the account mandate and details of those who operated the account.</span></p>
<p class="p1"><span class="s2">Meanwhile, the Kogi state government, had earlier said it has gotten the bank’s response which exonerated them from running the account.</span></p>
<p class="p1"><span class="s2">According to the state, the government has enough evidence against the EFCC to have a field day in court.</span></p>
<p class="p1"><span class="s2">“The Kogi State government does not currently operate or maintain a fixed-deposit account with Sterling Bank.</span></p>
<p class="p1"><span class="s2">“There is no mandate letter from the Kogi State Government to open account number <a href="tel:0073572696"><span class="s1">0073572696</span></a> with Sterling Bank. Sterling Bank account <a href="tel:0073572696"><span class="s1">0073572696</span></a> is an internal mirror account operated by the bank for purposes of managing the Kogi State Salary Bailout facility,” the Commissioner said</span></p>
<p class="p1"><span class="s2">The EFCC in a 13-paragraph affidavit in support of an exparte application has stated that it received a credible and direct intelligence which led to the tracing of the fund reasonably suspected to be proceeds  of unlawful activities of accounts domiciled in Sterling Bank.</span></p>
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