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Documents Expose How Kogi Govt. Stole, Hid N20billion Workers’ Salaries In Bank Account Before Court Ordered Return To CBN

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Documents from the Economic and Financial Crimes Commission and the Central Bank of Nigeria has confirmed how the Kogi State Government led by Governor Yahaya Bello stole and hid about N20 billion meant for workers’ salaries in a secret bank account..




SaharaReporters also obtained the Court Order which ordered that the money should be refunded to the Central Bank of Nigeria by Sterling Bank where the state government secretly stashed the money.


Kogi State Governor, Yahaya Bello.
The court order reads, “It is hereby ordered as follows; that the Account upon which this Suit was instituted was frozen by an order of this honourable court. That the management of the Sterling bank Plc, whose account no, 0073572696 with the name Kogi State Salary Bail Out Account is domiciled has clarified the questions resulting to the commencement of this suit.

“That the management of Sterling Bank has since acknowledged the existence of the said account in their book but claimed same was a mirror account. That it is expedient for the suit to be discontinued and the account unfrozen to enable the transfer and return of the sum to the coffers of the CBN where the said bailout fund was disbursed.”

SaharaReporters also obtained the correspondence between the EFCC and the bank where the commission wrote to the bank’s Managing Director in a letter dated October 21, asking the bank to unfreeze the controversial bank account to enable the money to be transferred back to the CBN’s coffers.

“Reference to our letter dated September 21, 2021, and pursuant to an order of the Federal High Court Ikoyi, Lagos State, directing the unfreezing of the above mentioned account to enable the bank transfer the balance to the CBN, coy of the order is herewith attached for ease of reference,” the Zonal Commander, EFCC, Ahmed Ghali said.

SaharaReporters also obtained another letter in which the CBN confirmed the receipt of the money in a correspondence to the EFCC chairman, Abdulrasheed Bawa, and signed by the Director, Development Finance Department.

“We refer to your letter dated November 5, 2021 and wish to confirm the details of the receipt of the amount as stated below” the CBN said in the document.

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