The sum of N263,327,800 out of N8.5 billion recovered from suspected Kwara State treasury looters has been returned to the state government by the Economic and Financial Crimes Commission (EFCC).
Speaking on Tuesday while handing over the said sum to Governor Abdulrahman Abdulrazaq, the Head Ilorin Zonal office of the Economic and Financial Crimes Commission, ACP Isyaku Sharu said that he had the mandate of the EFFC chairman to hand over the whole money looted from the state treasury.
According to Sharu, about N5 billion was allegedly siphoned from the Kwara State Internal Revenue Service (KWIRS) and shared in the ratio of 30/70 percent by some notable individuals in the state through their cronies.
He said; “These alleged looters siphoned from Kwara internal revenue service, KWIRS, and 16 local government areas.
“About N5billion was allegedly siphoned from KWIRS and shared in the ratio of 30/70 per cent by some notable individuals in the state through their cronies.”
Speaking further, Sharu said; “We are keeping track on the activities of all political office holders and we would keep you posted in due course of any malfeasance against any appointee to enable you get rid of rot in the system.”
“We have 48 convictions and the worth of recovered assets both at interim and final forfeiture is in excess of N8.5b,” he added.
Join the conversation
INVESTIGATION… Ten years after, communities count losses as AfDB, Cross River govt abandon road project
Ten years after the Cross River State government and African Development Bank (AFDB) jointly awarded the Yahe-Wanokom-Wanikade-Benue border road for...
INVESTIGATION….N.3bn down the drain: Why water projects for Enugu communities don’t work
In this concluding part, ARINZE CHIJIOKE talks about some of the projects that are serving the people and how various WASH programmes have failed to tackle...
INVESTIGATION…PARKVIEW ESTATE: Exclusive images of how billionaire property developer incurred Lagos govt‘s anger
Many have seen the demolished building, but not many know the circumstances that led to the teardown of the about...
INVESTIGATION… N.3bn down the drain, as Enugu communities suffer from dry taps
In November 2020, three organizations and the Enugu State government celebrated the completion of N300 million worth of projects that were expected...
INVESTIGATION… How herdsmen crisis compounds woes of already deprived Ogun communities
Earlier in January, the Nigerian media space was awash with reports of violence between herders and farmers across the country....