The Economic and Financial Crimes Commission (EFCC) says it has returned an alleged hidden sum of N19, 333,333,333.36 Kogi salary bail-out cash to the Central Bank of Nigeria (CBN).
It said the CBN had acknowledged the receipt of the sum in the Kogi State Salary Bail-out account domiciled in Sterling Bank Plc.
The EFCC said the recovery and deposit of the cash with CBN have cleared all doubts on the operation of the commission on the hidden cash.
The commission said: “This effectively puts to rest the campaign of misinformation and unconscionable denials by the Kogi State Government that no fund was recovered from its bailout 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”
