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.

Mohammed Jimoh Faworaja     Atiku Abubakar     Gabriel Fashanu     Ilorin Emirate Stakeholders Forum     Nigerian Correctional Service     Bursary     Abiodun Musa Aibinu     Abubakar Kawu Baraje     Garba Ayodele Wahab     Bisi Oyeleke     Femi Ogunsola     Usman Yunusa     CCEPE     Al-Hikmah University     Haruna Olawale Sulaiman     Shagari     Ilorin Muslim Community     Mohammed Kamaludeen     KWATMA     Lateef Fagbemi     Modupe Oluwole     Special Agro-industrial Processing Zone     Government Girls’ Day Secondary School Pakata     Abdulmajeed Wahab     Raji AbdulRasaq     Olokoba Sulyman     Jumoke F. Ajao     Iqra Books     Okasanmi Ajayi     Bola Olukoju     Balogun Fulani     Ministry Of Women Affairs And Social Development     Democracy Day     Folaranmi Aro     Kwara State Internal Revenue Service     Radio SBS     Raliat Islamic Foundation     Wahab Kunle Shittu     General Tunde Idiagbon International Airport Ilorin     SSA Youth     Oba Of Jebba     Salman Suleiman     Rasheed Jimoh     Abatemi-Usman     Raheem Adaramaja     Kwara     Femi Agbaje     Ajayi Okasanmi     Dairo Kunle Paul     Bahago     Funmi Salau     Sheriff Olanrewaju     Freshvine Nigeria Limited     Alaaya     Mopelola Abdulmaliq-Bashir     Federal Road Maintenance Agency     Government High School (GHS), Adeta     Amule Elementary School     IHS     Okanlawon Musa     Okin Biscuits     Ilota     Saidu Kawu     Senior Staff Union Of Colleges Of Education     Third Estate     Kubra Kazum     REO CAKES     TETFUND     Jimoh Lambe Abdulkareem     Makama Of Ilorin     Ishaq Oloyede     Bayer Nigeria Limited     NIRSAL     Abdulkadir Jimoh     Wasiu Onidugbe     Theophilus Oyebiyi     Sadiq Buhari    

Cloud Tag: What's trending

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

Ashiru     Jumoke Gafar     Gbajabiamila     Oke-Oyi     Eleyele     Issa Memunat Moyosore     Emmanuel Olatunji Adesoye     Olaitan Buraimoh     Aisha Ahman-Pategi     Oju Ekun Sarumi     Oba Abu     Abdulkadir Jimoh     Makama     Kwara State Government     Balogun Ajikobi     Agboola Babatunde     Taofik Abdulkareem     Abubakar Usman Jos     Peculiar Allowance     Oya State     Barakat Community Secondary School     Akanbi-Oke     Ibrahim Oniye     Kehinde Baale     Yahaya Seriki     Babaita     Babatunde Ishola Babaita     Emir Of Shonga     Ahmed Mohammed Rifun     Ajuloopin     Toyin Olayinka Tejidini     IDPU     Erubu Oba Zubair     Monthly Sanitation     Ahmad Ali     Isiaka Gold     National Democratic Congress     Usman Rifun     Kaiama     Eghe Igbinehin     Albert Ogunsola     Isiaka AbdulRazaq     Khairat Gwadabe     Harafat E. Mukadam     Olatunji Moronfoye     Michael Ologundea     Just Law Forum     Adolescent Girls Initiative For Learning And Empowerment     Shao     Presidential Election     Women For Change And Development Initiative     Abdulkadir Bolakale Sakariyah     Alao Ayotunde     Sardauna     Turaki     Saba Mamman Daniel     Aliyu Olatunji Ajanaku     Yusuf Ibitokun Sherifat     Mufutau Olatinwo     Kwara State Health Insurance Agency     Dasuki Belgore     Baba Issa Awoye     Yusuf Badmus     Royal FM     Egbejila     Malete     Moshood Kashimawo Abiola     Amule Elementary School     Bashirat Bola Bello     Dar-Al-Handasah Consultants Ltd     Raimi Iyanda     Tunji Oyawoye     Centre For Digital Economy     Yahaya A Paniyaro     Lukman Oyebanji Fagbemi     Age AbdulKareem     Abdulrosheed Okiki