The Economic and Financial Crime Commission, EFCC has grilled the Kwara State Commissioner of Finance, Nurudeen Banu and the Accountant General of the State, Suleiman Ishola over investigations into alleged slush funds for the 2019 elections.
Banu and Ishola who were now detained are being held to explain why over N1 billion fund was received from a commercial Bank a few days to election was utilized.
Kwara Coalition for Good Governance and Accountability (KWARA-CGGA) has few days ago asked the EFCC to probe the State Government on how N1 billion was disbursed.
Hassan Omoiya, the secretary general of the KWARA-CGGA said it had impeccable information that the state government obtained the loan on 13th of February from a First Generation Bank using the remittance of Kwara State VAT allocation due in February and March 2019 as collateral.
He said, “We urge the EFCC and indeed the Federal Ministry of Finance to determine the appropriateness of utilization of credit facility of N1 billion by Kwara State Government at the twilight of general election.
“The status of VAT Account as collateral for the credit facility in the absence of prior approval and authorization from Debt Management Office and Federal Ministry of Finance in tandem with extant laws and regulation on granting of loan to State Governments.
“It is our expectation that your investigation will extend to individuals and corporate institutions that participated in the unwholesome act with a view of prosecuting the affected individuals and institutions with attendant cost and penalty.”