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.

Dauda Adesola     Illyasu Abdullahi     Ilorin General Hospital     Mary Kemi Adeosun     AbdulKareem Yusuf Danhawa     Ubandoma Of Ilorin     Ishak Mohammed Sabi     Yusuf A. Usman     Ilorin Anchor Men And Women     Chief Imam Of Ilorin     Muhammadu Buhari     Patigi Regatta     Akom Construction And Engineering Synergy Ltd     Javed Khan     Balikis Jawondo     Musibau Akanji     Ojuekun     Oladipo Akanmu Tolani     Bio Ibrahim     Code Of Conduct Tribunal     KSIRS     Abdulsalam Firdaous Amosa     Yomi Adeboye     Abdulfatah Ahmed     Al-Ilory     Oko     Abiodun Abdulkareem     Sarakite     Gbajabiamila     Hameed Oladipupo Ali     Gobir Organization Foundation     KWACOBPA     Bukola Saraki     Ajikobi     Ibrahim Abdullahi     Iyabo Adewuyi     Azeez Salawu     Afolabi-Oshatimehin     Oba Abdulkadir La\'aro     Oniwa     Forgo Battery     Saadatu Modibbo-Kawu     Ariyo     Ibraheem Adeola Katibi     Sango-UITH Road     Muftau Akanbi Oke     Malete     Niguel Gallando Marcias     Yusuf Arowosaye     Shuaib Abdulkadir     Lanre Issa Onilu     Raliat Elelu-Habeeb     Titus Ashaolu     Sa\'adu Gambari     Abdullah Janet Amudat     Aisha Buhari     CKNG     National Broadcasting Commission     Bankole Omishore     Mansurat Amuda-Kannike     Ayodele Shittu     Abubakar Atiku     Ilesha-Gwanara     Volunteers Of Ilorin Community And The Emirate     Sheriff Olanrewaju     Senior Staff Union Of Colleges Of Education     Abdulbaqi Jimoh     Mahmud Ajeigbe     Bolakale Saka     Lukman Oyebanji Fagbemi     Lithium     Tunde Akanbi     Umaru Saro     Ilorin Talaka Parapo     Ebola     Ebun-Olu Adegboruwa     Iyiola Oyedepo    

Cloud Tag: What's trending

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

Abdulmajeed Abdullahi     Age AbdulKareem     Ahmed Mohammed Rifun     Rihanat Ajia     Onikijipa     Suleiman Alege Kuranga     Edu     Emmanuel Olatunji Adesoye     Omoniyi M. Ayinla     Roheemat Hammed     Raliat Islamic Foundation     Buhari     Nigeria Customs Service     Agboola Babatunde     Bola Magaji     BIR     Adam Abdullahi Al-Ilory     United Nigeria Congress Party     A.O. Belgore     Summit University     Aliyu Kora Sabi     The Herald     Sherif Shagaya     Ayoade Akinnibosun     Suraj Tunji Oyewale     Olaitan Adefila     Borgu     Ahmed Shuaib Buranga     Mukhtar Shagaya     Hajj     Lawal Jimoh     Egbewole     MATTA Girls Foundation     Playing Host     Olatinwo     IF-K     Olayinka Are     Isiaka Abdulrazak     Al-Hikmah Radio     Gbenga Olawepo     Ariyo     Gabriel Fashanu     Ibrahim Oniye     Olushola Saraki     Aliyu U. Tilde     Hassan Abdulazeez Elewu     3MTT     Abdullahi Dasilva Yussuf     Issa Baba     Gbugbu International Market     Kwara Consultative Forum     Baaziki Sulaiman     MMWG     Park     C2c@kwarastate.gov.ng     Olupako     Amuda Musbau     Offa     Code Of Conduct     HYPPADEC     Lanwa     Muslim Cementary     Garba Ayodele Wahab     Abdulrazaq Solihudeen     Erubu Oba Zubair     Omoniyi Ayinla     Vasolar Consultoria     Ethical College     Yusuf Arowosaye     Olaiya Lawal     Vasolar     Tayo Awodiji     Laolu Saraki     Yahaya Abdulkareem     Baba Isale     Abdulrazaq Aiyelabegan     Lawal Olohungbebe