EFCC traces cash to Kwara ex-governor's wife's account

Date: 2019-08-13

THE Economic and Financial Crimes Commission (EFCC) has traced some of the looted N2 billion for Small and Medium Enterprise Development (SMED) in Kwara State to the account of a former First Lady in the state.

The First Lady, who has so far refunded N3 million, has refused to report to the anti-graft agency for interrogation.

She told EFCC that she was indisposed but silent on the nature of her illness. She also has not presented any medical report.

The commission might stop her from traveling abroad under any guise.

Also, a royal father, who was given N78 million out of the N2 billion, might be arrested for refusing to refund the slush funds.

It was learnt that one of the market women used a share of her illicit allocation to organise the disruption of Tradermoni outing in Ilorin by Vice President Yemi Osinbajo.

The ex-First Lady had illegally collected cash from the N2 billion which she diverted to her foundation.

But detectives discovered that instead of using the cash for SMED, she converted it to promote herself.

The objective of the foundation is to “initiate and implement strategies to deal with Cultural, Socio-economic, Health and Wellbeing issues militating against the development of Children, Youth and Women.”

A reliable source, who spoke in confidence, said: “Our detectives are on the trace of the ex-First Lady. We accorded her much respect but she has been avoiding interrogation.

“Without honouring our invitation, she later sent the director of her foundation to refund N3 million to EFCC. But we need her to come for interaction on the looted funds traced to her. She is claiming to be sick but no evidence of any medical report.

“If she does not appear before EFCC detectives, we are going to watch-list her and prevent her from traveling abroad.”

Responding to a question, the source added: “Some of the suspects already quizzed have implicated the ex-First Lady. There is also evidence of allocation of funds from the N2 billion for SMED to her account.

“Selected and influential market men and women across the 16 local government areas of the state received N5 million each as loans, but did not payback.

“One of the market women used a share of her illicit allocation to organise the disruption ofTradermoni outing by Vice President Yemi Osinbajo.

“About 50 percent of the controversial loans were shared by highly placed individuals and selected businessmen and women at the expense of other beneficiaries.”

As at press time, there were indications that a First Class royal father, who collected N78 million out of the SME bazaar, might be arrested for refusing to refund the cash.

The source said: “There were no justifiable reasons for the allocation of the N78 million to the ruler. The money was also not used for farming which he got it for.

“The traditional ruler has been running around for soft landing. But the issue at stake is about public funds. We may arrest him any moment from now.”

The EFCC has so far arrested the Director-General, Kwara State Bureau of SMED, Segun Soewu, over alleged N2billion fraud.

Some of those arrested were: Ogudu Samuel of Brightway Micro-finance; A.K. Imam of Magajin Garin MFB;   Adeleke M.S. of Sincere Micro-Finnace Bank(MFB); Yusuf Muideen of Balogun Fulani MFB; Issa Abdulrasheed of KCMB Mfb, and Oyebode Asimiyu of Apels MFB.

Others include Lawal Ayo of Omu-Aran MFB; Tope Eniola of Iludun MFB;  Lawal Folashade of Stockcarp MFB; Yusuf Tajudeen of First Heritage MFB;  and Olawoye E.O. of Offa MFB.

The EFCC began the probe of the N2 billion following intelligence reports alleging fraudulent misappropriation and mismanagement of the cash to assist market men and women across the 16 Local Government Areas of the state.

All the MFBs failed to follow due process and the SME cash was also distributed to highly-placed politicians, and prominent people in the 16 local government areas in the state.

Source

 


Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Sunset Workers     Ayo Adeyemi     Vasolar-Kwara Company Ltd     Smart School     Sobi Hill     Alabi Olayemi Abdulrazak     Durbar     Isaac Gbenle     Valsolar Consultoria     ER-KANG Mining Nigeria Company Limited     Taofik Abdulkareem Babaita     ARMTI     Taofik Mustapha     Ile Arugbo     Yakubu Dogara     Kayode Ibrahim     Wahab Femi Agbaje     Mamatu Abdullahi     Christopher Ayeni     Ajibola Ademola Julius     Amos Sayo     Federal College Of Education (Special), Afon     Ekweremadu     Tunde Oyawoye     FOMWAN     Abdulrahman Iliasu     Kale Bayero     Okin Biscuits     Hussein Oloyede     ER-KANG Mining     Akeem Lawal     Muhammadu Gobir     Jimoh Saadudeen Muhammed     Oluwarotimi Boluwatife Adenike     Olatunji Bamgbola     Balogun Gambari     Amosa     Borgu     Adanla-Irese     Idowu Aremu     Muhammad-Mustapha Suleiman     Tescom.kwarastate.gov.ng     CCB     Amos Justus Sayo     Okin Group     Irepodun     Moses Afolayan     Maryam Nurudeen     Idris Amosa Oladipo Saidu     Shettima     Daud Adeshola     Apaokagi     Isiaka AbdulRazaq     Ladi Hassan     Amoyo     Emmanuel Olatunji Adesoye     Bola Olukoju     ITEM 7     Saheed Alakoso     Ilorin Airport     Otunba Taiwo Joseph     Sanitation Exercise     Adesoye College     Igbomina     Third Estate     Siddiq Adebayo Idowu Salawu     Bello Oyebanji     Albert Ogunsola     Sambo Murtala     Kolawole Akande     Kulende-UITH     Yusuf A. Usman     Olawuyi     HYPPADEC     Musa Alhassan Buge     Gbemisola Oguntimehin     Geri-Alimi Split Diamond Interchange    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

AbdulRauf Keji     Diagnostic Centre     Okasanmi Ajayi     Gbugbu International Market     Suleiman Alege Kuranga     Kaosarah Adeyi     Prince Bola Ajibola     Kwara TV     Lawan     Olanrewju Okanlawon Musa     Muhammed Danjuma     Anilelerin     Yusuf Amuda Aluko     Valsolar Consultoria     Adedeji Onimago     Obasanjo     Temitope Ogunbanke     Yusuf Abubakar     Yakubu Danladi     Azeez Bello     Hussein Olokooba     Nupe     Wasiu Odewale     Senior Staff Union Of Colleges Of Education     Abdulsalam Firdaous Amosa     Siraj Oyewale     Matthew Okedare     Akeem Olatunji     Muazam Nayaya     Kwara Basketball Association     TIC     Balogun Fulani     Gbemi Saraki     Ilofa     Sobi     Alfa Modibo Belgore     Fatai Olodo     Adijat Adebiyi     Alimi     Aminu Ado Bayero     Asiwaju Bola Tinubu     Jimoh Bashir     Aliyu Muhammad Saifudeen     Oke-Ode     Kwara State Sports Commission     Taofik Mustapha     Ayobami Akanbi     The Herald     Bolakale Ayo     Dorcas Afeniforo     Umar Adelodun     Okoolowo     Malete     Joseph Yemi Ajayi     Gabriel Fashanu     Ibrahim Bio     Islamiya Abdulraheem     Farouk Salim     Yusuf Abdulkadir     Playing Host     College Of Education     Lanre Issa-Onilu     David Adesina     Tunde Kazeem     Balogin Alanamu     AbdulHamid Adi     Muhammed Aliyu     Abdulrazaq Magaji     Tunde Akanbi     Garba Idris Ajia     AbdulRazaq Jiddah     Osi     Saduki Lafiagi     Michael Nzekwe     Oluranti Idowu     Razak Atunwa     Fatimoh Lawal