Kogi State Government has broken its silence on the viral report that a Federal High Court sitting in Lagos ordered its salary bailout account domiciled in a commercial bank to be freezed over a ₦20 billion loan obtained from the bank.

Recall Justice Tijjani Ringim granted the order on Monday, August 31, to freeze the account pending the conclusion of the investigation or possible prosecution by the Economic and Financial Crimes Commission (EFCC).

The EFCC had approached the court for the order in an ex-parte application brought pursuant to section 44 (2) of the Constitution and section 34(1) of the Economic and Financial Crimes Commission Act.

Counsel to the EFCC, Abass Muhammed, told the court that the order was necessary so as to preserve the ‘res’ and abate further dissipation of the funds in the account.

Reacting, the State Commissioner of Information, Fanwo Kinsley in an ongoing press conference debunked the news, saying it is falsehood and accentuated malice carefully planned by critics to tarnish the image of the State.

https://community.vanguardngr.com/forum/topics/just-in-kogi-govt-breaks-silence-on-20bn-bail-out-loan

Kogi

I thought the case is already in court and should not be subjected to media trial. If Kogi state is not well, why will you take N20 billion loans at high interest rate and then lodge such amount in a low yielding fixed deposit in the same Sterling bank!
It took the EFCC getting the court to freeze the dubious loan that has started depleting with no trace of valid how the fund was expended before you can address Kogites on it. Smh

Gemid94:
Kogi State Government has broken its silence on the viral report that a Federal High Court sitting in Lagos ordered its salary bailout account domiciled in a commercial bank to be freezed over a ₦20 billion loan obtained from the bank.

Recall Justice Tijjani Ringim granted the order on Monday, August 31, to freeze the account pending the conclusion of the investigation or possible prosecution by the Economic and Financial Crimes Commission (EFCC).

The EFCC had approached the court for the order in an ex-parte application brought pursuant to section 44 (2) of the Constitution and section 34(1) of the Economic and Financial Crimes Commission Act.

Counsel to the EFCC, Abass Muhammed, told the court that the order was necessary so as to preserve the ‘res’ and abate further dissipation of the funds in the account.

Reacting, the State Commissioner of Information, Fanwo Kinsley in an ongoing press conference debunked the news, saying it is falsehood and accentuated malice carefully planned by critics to tarnish the image of the State.

https://community.vanguardngr.com/forum/topics/just-in-kogi-govt-breaks-silence-on-20bn-bail-out-loan

Usual nonsense from the fowl head commissioner....