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Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN - Crime - Nairaland

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Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Teacher1776(m): 4:27am On Nov 20, 2021
Reports from efcc official Facebook page has indicated that the salary bailout fund hidden by the governor, Mr. Yahya Bello has been returned to the CBN.
Excerpts:
EFCC Press Release
Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN
The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred and Thirty-three Million, Three
Hundred and Thirty-three Thousand, Three Hundred and Thirty-three Naira, Thirty-six Kobo) recovered the EFCC from the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc.
This effectively puts to rest the campaign of misinformation and unconscionable denials by the Kogi State Government that no fund was recovered from its bail out account.
The apex bank in a letter referenced, DFD/DIR/CON/EXT/01/099 and dated 9th November, 2021 informed the Executive Chairman, EFCC, Abdulrasheed Bawa that it has received the money.
The letter reads in part: “We refer to your letter dated November 5, 2021 with Ref. No: CR:3000/EFCC/LS/CMU/REC-STE/VOL.4/047 on the above subject and wish to confirm the details of the receipt of the amount as stated below: Bank: Sterling Bank Plc; Amount: N19, 333, 333,333.36; Date of receipt: 04 November, 2021”.
The return of the money to the apex bank is in compliance with the October 15, 2021 Order of a Federal High Court sitting in Ikoyi Lagos directing the unfreezing of the Kogi State Salary Bail-out account to enable Sterling Bank to remit the balance in the account to the Central Ban of Nigeria. Justice Chukwujekwu Aneke gave the Order pursuant to an application filed by the EFCC.
The Commission had told the court that the management of Sterling Bank Plc, where the account was domiciled had acknowledged the existence of the said account with the staggering sum of N19, 333,333,333.36 in its books.
The Commission further brought to the attention of the court that “The sum of N19, 333,333,333.36 is still standing in the credit of the account frozen”, adding that “the management of Sterling Bank PIc, has, pursuant to a letter dated 15 September, 2021, signed by its Managing Director, indicated intention to return the total sum of N19, 333,333,333.36 back to the Central Bank of Nigeria.”
The EFCC prayed The court that it “is expedient for the instant suit to be discontinued and the account unfrozen to enable the management of Sterling Bank PIc effect the transfer/ return of the sum of the sum of N19, 333, 333, 333.36 back to the coffer of the Central Bank of Nigeria , where the said bailout funds was disbursed.”
The transfer has put paid to any further controversy regarding source and ownership of the funds and most importantly, aborted the funds dissipation.
On August 31, 2021, Justice Tijani Garba Ringim, a vacation Judge, had ordered the freezing of the account, following an ex-parte application filed by the EFCC.
The EFCC, in a 13-paragraph affidavit in support of the ex-parte application, had stated that it received a credible and direct intelligence, which led to the tracing of the funds reasonably suspected to be proceeds of unlawful activities in account No. 0073572696 domiciled in Sterling Bank, Plc with the name Kogi State Salary Bailout Account.
After listening to the EFCC application, Justice Ringim on August 31, 2021, ordered the freezing of the account and directed the publication of the order in a national newspaper by the EFCC.
Wilson Uwujaren
Head, Media & Publicity
19 November, 2021

8 hrs · Facebook for Android · Public
https://mbasic.facebook.com/story.php?story_fbid=259104142919463&id=100064596373289&refid=17&_ft_=mf_story_key.259104142919463%3Atop_level_post_id.259104142919463%3Atl_objid.259104142919463%3Acontent_owner_id_new.100064596373289%3Athrowback_story_fbid.259104142919463%3Apage_id.509762239046271%3Astory_location.4%3Astory_attachment_style.photo%3Aott.AX__9MGpaaglQbRA%3Atds_flgs.3%3Athid.100064596373289%3A306061129499414%3A2%3A0%3A1638345599%3A2406406312199277088%3A%3A&__tn__=%2As-R

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by samuel051: 4:31am On Nov 20, 2021
Holy gram
Yeye bello and him criminality lifestyle
Just imagine only one man's greed
Wtf man..

2 Likes

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Virginnn(f): 4:40am On Nov 20, 2021
Behold the incoming president of the Federal Republic of Rogues
After they have stolen, they will be using bullion vans to move them on the eve of election.

2 Likes

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Virginnn(f): 4:54am On Nov 20, 2021
[quote author=Teacher1776 post=107785046]Reports from efcc official Facebook page has indicated that the salary bailout fund hidden by the governor, Mr. Yahya Bello has been returned to the CBN.
Excerpts:
EFCC Press Release
Hidden N19.3bn Kogi Salary Bail-Out Funds Returned to CBN
The Central Bank of Nigeria, CBN, has acknowledged the receipt of the sum of N19, 333,333,333.36 (Nineteen Billion, Three Hundred and Thirty-three Million, Three
Hundred and Thirty-three Thousand, Three Hundred and Thirty-three Naira, Thirty-six Kobo) recovered the EFCC from the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc.
This effectively puts to rest the campaign of misinformation and unconscionable denials by the Kogi State Government that no fund was recovered from its bail out account.
The apex bank in a letter referenced, DFD/DIR/CON/EXT/01/099 and dated 9th November, 2021 informed the Executive Chairman, EFCC, Abdulrasheed Bawa that it has received the money.
The letter reads in part: “We refer to your letter dated November 5, 2021 with Ref. No: CR:3000/EFCC/LS/CMU/REC-STE/VOL.4/047 on the above subject and wish to confirm the details of the receipt of the amount as stated below: Bank: Sterling Bank Plc; Amount: N19, 333, 333,333.36; Date of receipt: 04 November, 2021”.
The return of the money to the apex bank is in compliance with the October 15, 2021 Order of a Federal High Court sitting in Ikoyi Lagos directing the unfreezing of the Kogi State Salary Bail-out account to enable Sterling Bank to remit the balance in the account to the Central Ban of Nigeria. Justice Chukwujekwu Aneke gave the Order pursuant to an application filed by the EFCC.
The Commission had told the court that the management of Sterling Bank Plc, where the account was domiciled had acknowledged the existence of the said account with the staggering sum of N19, 333,333,333.36 in its books.
The Commission further brought to the attention of the court that “The sum of N19, 333,333,333.36 is still standing in the credit of the account frozen”, adding that “the management of Sterling Bank PIc, has, pursuant to a letter dated 15 September, 2021, signed by its Managing Director, indicated intention to return the total sum of N19, 333,333,333.36 back to the Central Bank of Nigeria.”
The EFCC prayed The court that it “is expedient for the instant suit to be discontinued and the account unfrozen to enable the management of Sterling Bank PIc effect the transfer/ return of the sum of the sum of N19, 333, 333, 333.36 back to the coffer of the Central Bank of Nigeria , where the said bailout funds was disbursed.”
The transfer has put paid to any further controversy regarding source and ownership of the funds and most importantly, aborted the funds dissipation.
On August 31, 2021, Justice Tijani Garba Ringim, a vacation Judge, had ordered the freezing of the account, following an ex-parte application filed by the EFCC.
The EFCC, in a 13-paragraph affidavit in support of the ex-parte application, had stated that it received a credible and direct intelligence, which led to the tracing of the funds reasonably suspected to be proceeds of unlawful activities in account No. 0073572696 domiciled in Sterling Bank, Plc with the name Kogi State Salary Bailout Account.
After listening to the EFCC application, Justice Ringim on August 31, 2021, ordered the freezing of the account and directed the publication of the order in a national newspaper by the EFCC.
Wilson Uwujaren
Head, Media & Publicity
19 November, 2021

I have said it before that the state governors are the biggest threat to Nigeria's democracy. They steal at an alarming rate. Imagine a state where workers were not paid salaries. One man stole money released by federal government to pay salaries. Pensioners are suffering. Many have died while waiting for salaries.
Almost all the governors are like this, hiding under immunity to perpetuate crimes.
In a sane country, the governor would be impeached. Workers will protest until the rogue steps down and face trials.
But this is Nigeria. Party politics will come in. Ethnicity will come in. The money will be returned to the state coffers once again to be meticulously relooted this time around. Efcc will be made to look stupid. All the Gandujes and Yeye Bello will still flex muscle and contest the 2023 presidential election.
Poor Nigerians whose money was stolen will still defend him that he needed the money to execute the election. After all, each voter will be given a thousand naira to thumbprint.
After that, they will be doing globe trotting begging countries they are richer than to give them loans, which will later be looted by the likes of Yeye Bello.
It's a vicious cycle.

1 Like

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by daddytime(m): 5:04am On Nov 20, 2021
Mind-boggling.

1 Like

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Olarewaju89: 5:29am On Nov 20, 2021
Yeye Bello with criminal mindset.

This one go loot the affairs of kogi state finish before leaving office. Idiot undecided

1 Like

Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Comedian2019: 6:34am On Nov 20, 2021
So this fat nosed pig is not just a liar, but also a thief.
Why does he hate paying salary
It's obvious he is happy to see people suffer.
If this thief becomes president, all federal civil servants should say bye bye to salary.

Meanwhile, what happened to the interest generated from the money?
Re: Efcc Returns 19.3bilion Naira Kogi State Stolen Bailout Fund To CBN by Boogyman557: 7:34am On Nov 20, 2021
Holly Gram cool real matters. WTF MAN

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