Bailout funds: EFCC probes Fayose’s govt over alleged diversion of N680m

The Economic and Financial Crimes Commission (EFCC) is investigating the Ayodele Fayose government in Ekiti for alleged diversion of over N680million meant for salaries and pension of civil servants.

The amount has been traced to a fixed account which the EFCC claims yields N6million monthly.

The discoveries informed the arrest of the state’s commissioner of finance and the accountant general by the commission.

Both officials, who were released on Wednesday, have made commitment to “assist the commission with relevant documents before they were granted administrative bail and ordered to report back in two weeks.”

According to a top source in the commission who spoke with The Nation, many facts came to light in the course of investigating alleged misapplication of the bailout funds by the Fayose administration.

The Nation, October 14, 2017

 

 

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