EFCC detains Kwara Finance Commissioner, Accountant General

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The Economic and Financial Crimes Commission (EFCC) has
detained the Kwara state Commissioner of Finance, Nurudeen Banu and the
Accountant General of the State, Sulaiman Ishola, over investigations into
alleged slush funds for 2019 elections.

According to report the duo are being held at the Ilorin,
Kwara state Zonal head office of the anti-graft agency to explain the utilisation
of over N1 billion fund received from a commercial bank few days to the
election.

Both Banu and Ishola, are being held to explain why the
money was received and how it was disbursed.

The EFCC had been asked by the Kwara Coalition for Good
Governance and Accountability (KWARA-CGGA) to probe the over N1billion loan the
State Government secured from a bank a few days before the general elections.

The Secretary General of the group, Hassan Omoiya said it
had intelligence that the state government obtained the loan on 13 February
from a first generation bank using the remittance of Kwara State VAT allocation
due in February and March 2019 as collateral.

“We urge the EFCC and indeed the Federal Ministry of Finance
to determine the appropriateness of utilisation of credit facility of N1
billion by Kwara State Government at the twilight of general election.”

“The status of VAT Account as collateral for the credit
facility in the absence of prior approval and authorization from Debt
Management Office and Federal Ministry of Finance in tandem with extant laws
and regulation on granting of loan to State Governments.

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“It is our expectation that your investigation will extend
to individuals and corporate institutions that participated in the unwholesome
act with a view of prosecuting the affected individuals and institutions with
attendant cost and penalty.”

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