NLC vows to partner ICPC to monitor bailout loans

In order to ensure prudent use of the bailout loans given to the states by the Federal Government, the Nigeria Labour Congress (NLC) has said that it will partner the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to monitor the disbursement.
The Central Bank of Nigeria (CBN) has so far released N338billion to about 27 states.
NLC president, Ayuba Wabba, in a statement said all the state councils in the benefitting states have been directed to serve as whistleblowers if they notice any diversion of the funds.
The NLC president, who commended the ICPC for its renewed efforts at recovering looted public funds saying it was now living up to its mission statement, specifically praised the commission for the return of about N1 billion criminally diverted by some corrupt officials of the Federal Ministry of Environment and the Federal Pay Office.

Read also: FG needs bailout more than states –Bauchi gov

Wabba said the congress now agreed with the commission’s stance that the painful days of the public “running after funds after appropriation” are over for the good of all Nigerians including workers.
The 27 states that have so far benefited from the bailout funds are – Abia (N14.152b), Adamawa (N2.378b), Bauchi (N8.60b), Bayelsa (N1.285b), Benue (N28.013b), Borno (N7.680b), Cross River (N7.856b), Delta (N10.036b), Ebonyi (N4.063b), Edo (N3.167b), Ekiti (N9.604b) and Enugu (N4.207b).
Others are – Gombe (N16.459b) , Imo (N26.806b), Kastina (N3.304b), Kebbi (N0.690b), Kogi (N50.842b), Kwara (N4.320b), Nasarawa (N8.317b ), Niger (N4.306b), Ogun (N20.00b), Ondo (N14.686b), Osun(N34.988b), Oyo( N26.606b ), Plateau (N5.357b), Sokoto (N10.093b) and Zamfara (N10.020b).

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