Bank loan

Alleged naira 20 billion bank loan: Kogi never had a fixed account, says finance commissioner

Kogi State Commissioner for Finance, Budget and Economic Planning Asiwaju Asiru Idris told the House of Assembly that the state had never had a fixed account at Sterling Bank, like the claims the Economic and Financial Crimes Commission (EFCC).

He provided the clarification on Tuesday following the invitation by some state government officials to brief the Assembly on the issues surrounding the alleged state government owned N20b, with the finance commissioner insisting for the umpteenth time. that the government does not have a fixed account in Sterling Bank.

The Commissioner, Accountant General, Alhaji Jubril Momoh, State Auditor General; Alhaji Yakubu Okala and other relevant staff from the Ministry of Finance and the Office of the Accountant General and the Managing Director of Sterling Bank were present at the Assembly to provide clarification on the issue of the 20 billion naira that the EFCC allegedly froze initially through a court injunction and later to their own knowledge withdrew the same case.

Addressing members of the Assembly, Asiwaju Idris said: “No fixed account has ever been opened or authorized by anyone, and no billion nair has been kept anywhere. The facility of this sum collected from the bank via CBN 2019 approval has since been used for the intended purpose – Payment of salaries and other overheads ”.

As a state, we are known for transparency, accountability and efficiency in the management of funds, as it has become a culture under Governor Yahaya Bello that cannot be easily tossed in the mud. As a government, Governor Bello remains standing and our books are there to be audited.

“Kogi State is in the good books of the World Bank and other international partners for openness, transparency and accountability, therefore no amount of misinformation and malicious aggression can criticize the records. “

The finance commissioner presented a full breakdown / report to the House on how the 20 billion naira facility was spent, adding that said report has been submitted to the House for reading.


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