N20bn bank loan: Kogi finance commissioner meets CBN, presents documents

The Kogi State Commissioner for Finance, Budget and Economic Planning, Asiwaju Asiru Idris, charged the CBN Governor to meticulously investigate the allegation falsely raised by the EFCC and to also look deeply into the books of Sterling bank for possible infractions.

The Commissioner was at the Central Bank of Nigeria(CBN), the apex and supervising bank for all financial institutions in the nation, to submit all documents as regards the bailout loan facility from Sterling bank, the account status and the details of the disbursement as at October 2019.

He said the EFCC may perhaps have acted on false information, but wants the CBN to ask critical questions about the returned fund and where it generated from.

According to him, It’s often said that he who upholds and speak the truth is like a lion; Fearless, Bold and Daring, knowing fully well that the truth will prevail regardless of the travel time of falsehood.

While the Commissioner presented all the necessary documents that will help unravel the foregoing ambiguity created by EFCC and sterling concerning the alleged N19, 333,333,333.36 billion in a fixed deposit account, he said to be returned to the apex bank, he charged the CBN Governor to meticulously investigate the allegation as falsely raised by the EFCC and also look deeply into the books of sterling bank for possible infractions, said the EFCC acted on false information.

The Commissioner said: “As of today, considering the procedure involved in opening an account, neither the EFCC nor the said bank has been able to present to the court of public opinion, at least, the mandate from Kogi State Government to open such bailout fixed deposit account in the name of Kogi State, BVN of those that opened it, their phone number and the names of personnel’s that opened the said account.

“We all know that a fixed account can’t be opened without a mandate from the intended customer, agreement of terms such as tenor to fix, interest rate and many more.

“Until Justice is done and truth unclad for the public to see, it is no retreat no surrender,” the Commissioner said.

He further said: “Nobody can mischievously tarnish the image of the state with corruption allegations and expect us to stay aloof, we won’t only uphold the truth, we will make sure the present artificial entanglement is demystified.”

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N20bn bank loan: Kogi finance commissioner meets CBN, presents documents