SPONSORED AD

SPONSORED AD

Trending Now

Kwara Governor: Recovered Looted Funds I'll Be Invested In Social Investment Programme


BY FRANCIS IWUCHUKWU

ILORIN, KWARA STATE, NIGERIA - The looted funds recently returned to the state would go into social investment programme to benefit the poor.

This decision was made public by the state governor, AbdulRahman AbdulRazaq on Friday (today).

A statement issued by Rafiu Ajakaye, the Chief Press Secretary (CPS) to Governor AbdulRahman AbdulRazaq, quoted the governor as saying: “By the grace of God, this money will go into social investment programme of the state. 

"It is going into lifting thousands of people out of poverty. We are not going to award contracts with this money. It is going to help the poor people.” 

It would be recalled that the Economic and Financial Crimes Commission (EFCC) had during the day handed over a sum to the tune of over N111,428, 891.00 looted funds to the state government.

In commending the Commission for its efforts and service to the country, Governor AbdulRahman AbdulRazaq gave the assurance that the funds would only go into serving the downtrodden. 

Governor AbdulRahman AbdulRazaq said: “We thank the EFCC for what they are doing. We are happy that in our state you keep us on our toes. 

"Unlike what many people may perceive, EFCC are partners in progress all over the federation. So we should join hands with them and assist them.

"We are replicating many of Federal Government programme in Kwara especially the social investment programme, which people know as Trader moni, market moni, N-power and school feeding programme. 

"The Social Investment Programme Bill has already passed second reading and this money will go into the programme. We are not going to waste or mismanage it.”

Speaking earlier at the handing over of the looted funds, the state zonal head of the EFCC, Isyaku Sharu, said the money had been recovered from “treasury looters” in Kwara State and that the agency had so far recorded 29 convictions

“We have 29 convictions and over N500 million (five hundred million naira) recovery of both assets and cash; part of this recovery is the N111, 428, 891.00 cash recovery for the Kwara State government.

“This recovery is from suspected Kwara state treasury looters. The suspects are alleged to have criminally misappropriated landed properties of Harmony holdings while other diverted funds meant for the micro, small and medium credit scheme. 

"The suspects cut across political office holders, traditional rulers and top civil servants," Sharu said.

Sharu stated that he was mandated by the Chairman of the Commission, Ibrahim Magu, to present the recovered loot as part of their contribution in getting rid of economic and financial crime-related offences in the state.

For events coverage, breaking news and advert placement, contact us today @thenewsaccelerator@gmail.com or call our hotlines on +2348033599492, +2348022717838.

Copyright THE NEWS ACCELERATOR.

All rights reserved. This material and any other material on THE NEWS ACCELERATOR NETWORK  should not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from the Editor-In-Chief.






No comments