Looted fund: EFCC hands over another N263m to Kwara government

Economic and Financial Crimes Commission (EFCC) has handed over a sum of N263,327,800 to Governor Abdulrahman Abdulrazaq of Kwara State being money recovered from suspected treasury looters in the state.

It is recalled that the commission had given the governor about N300 million on two separate occasions, as part of money recovered from suspected treasury looters in the state.

Speaking at a brief hand over ceremony at the zonal head office of the EFCC in Ilorin on Tuesday, the commission’s zonal head, Isyaku Sharu, said that the alleged looters siphoned about N5billion from the state internal revenue service and the 16 local government areas, “and shared in the ratio of 70/30 per cent by some notable individuals in the state through their cronies”.

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Sharu also said that the commission was keeping track of activities of political office holders either appointed or elected to ensure sanity in the polity.

Also speaking, Governor Abdulrahman Abdulrazaq commended the level of successes recorded by the commission in the state, saying that the achievements had vindicated both the commission and the state government on allegations of victimisation by the culprits.

The governor said the state government will invest the fund into its new social investment programme.

He assured that all fund given to the state government will be utilised judiciously.

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