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.

Ibrahim Taiwo Road     Baruba     Towobola Abdulrahman Toyin     Hakeem Lawal     General Tunde Idiagbon International Airport Ilorin     Theophilus Oyebiyi     Umar Ayinla Saro     Afolabi-Oshatimehin     Ishola Balogun Fulani     EFCC     Mary Arinde     TESCOM 2025     Imam Gambari     Bello Oyedepo     Babatunde Ishola Babaita     Kwara State Geographic Information Service     Kudirat Arinola Lawal     Hamza Usman     Valsolar     Yekeen Alabi     Kale Belgore     Ajibike Katibi     Ademola Kiyesola     Wahab Agbaje     Samuel Adaramola     Ndama Al-hassan     Sheriff Olanrewaju     Garba Dogo     Babatunde Ajeigbe     Goodluck Jonathan     Jimoh Olusola Imam     AbdulRauf Keji     Ibrahim Oloriegbe     Ilorin East/South Federal Constituency     Kwara South     Transition Implementation Committee     Fola Consultant     Tafida     Tunji Arosanyin     Sarah Alade     Mufutau Gbadamosi Esuwoye     Ramadan     Yemi Osinbajo     ITEM 7     AGM Professional Services     Rafiu Ibrahim     Saka Isau     Olokoba Sulyman     Sardauna Of Ilorin     Shehu Raheem Adaramaja     Yakub Lai Gobir     Gwanara     LABTOP     Makama Of Kaiama     Awoye     Ekweremadu     Olokoba Abdullahi Ayinla     11th Galadima     Mohammed Yahaya Barki     Baba Issa Awoye     Tunji Moronfoye     Yemi Sanni     Rebecca Olanrewaju     Afolayan     Tanke Road     Bahago     Ibraheem Adeola Katibi     Share/Tsaragi     Adolescent Girls Initiative For Learning And Empowerment     Funmilayo Oniwa     Abdulkadir Remi Hawawu     Isiaka Oniwa     Yaru     Salmon Babatunde Salmon     Olanrewju Okanlawon Musa     Oro Grammar School Old Students Association     Ibikunle Ogunleye    

Cloud Tag: What's trending

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

Na\'Allah     Doyin Group     Ezekiel Yissa Benjamin     Shehu Jimoh     Shade Omoniyi     Alfa Modibbo Belgore     Olaoye B. Felix     Al-Hikmah Radio     Gani Saadu     Hassan Taiye Salam     Aliyu Adebayo     Kumbi Titilope     SAPZ Project     Kwara State Sports Commission     Ogbondoroko     Salman Alada     Olugbense     Amuda Bembe     George Innih     Halimat Yusuf     Fatima Abolore Jimoh     Seun Bolaji     Rotimi Atere     Nigeria Foundation For Artificial Intelligence     Kwara TV     Kwara State Health Insurance Agency     Michael Ologundea     Sabi     Saka Onimago     Bankole Omisore     Olaiya Victor Mobolaji     Agor     Bayer AG     Erubu     Kwara State Fish Farmers Association     March 28     PPS     Tsaragi-Share     Aremu Bose Deborah     Alloy Chukwuemeka     Abubakar Imam     Kubra Kazum     Just Event Online     Babata     Aliyu Salihu     Timothy Akangbe     KFA     David Oyepinola Adedumoye     Tunde Yusuf     Sanitation Exercise     Gabriel Fashanu     KWACOBPA     NIPOGA     Abdullateef Abdussalam     Fatai Garuba Labaka     Olumide Daniel Ibitoye     Umar Sanda Yusuf     Lafia Aliyu Korasabi     Tunde Kazeem     GAMA     Sebastine Obasi     Dan Iya Of Ilorin     Abdulwahab Ololele     Islamic Development Bank     Kabir Shagaya     Ike Ekweremadu     Khairat Gwadabe     Kale Kawu     Ilesha-Gwanara     Shaykh Luqman Jimoh     Abubakar Abdullahi Bata     Ahmad Olayiwola Kamaldeen     Chief Imam Of Omu-Aran     Basit Olatunji     Taofeek Ibraheem     LEAH Charity Foundation     Galadiman Ngeri