Kogi Drags EFCC to Court Over N19.3bn Bailout Funds

The Kogi State government has dragged the Economic and Financial Crimes Commission (EFCC) to a Federal High Court in Abuja, demanding N35 billion damages over what it called “unsubstantiated allegations that it fixed N19.3 billion bailout funds received from the Federal Government”, in a bank account.

Listed as claimants in the lawsuit 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 listed as defendants in the case filed before Justice J. J. Majebi of the Kogi State High Court.

The EFCC had claimed it discovered N19.3 billion belonging to the Kogi government in a fixed deposit account with Sterling Bank.

The funds, according to the anti-graft agency, were discovered in an account with the number 0073572696, with the name Kogi State Salary Bail Out Funds, meant to pay salaries in the state but were allegedly not used for its purpose, though the Kogi government has repeatedly denied the, claiming it did not open the said account.

In a statement issued by Secretary to the State Government (SSG), Dr. Ayoade Folashade Arike on Monday confirming the lawsuit, the Kogi government said it sued the EFCC for its “false and unfounded” allegations that the funds were recovered from its account.