Faces with reality, Kogi state government has swallowed its prides writes Federal High Court Seeking for more details of the EFCC action, OBSERVERS TIMES report.
The Kogi State Government has threatened to sue the Economic and Financial Crimes Commission (EFCC) over allegations of mismanagement of a N20bn bailout loan meant to augment payment of workers salaries.
Relying on intelligence, the anti-grant commission had filed an ex parte application before the Federal High Court in Lagos to freeze the state’s account with Sterling Bank to stop further dissipation of the funds in the fixed account.
The agency accused the Kogi government of keeping the said amount in an interest-yielding account rather than the account opened to cater for workers’ salaries.
Granting the application, the judge, Tijjani Ringim, on Tuesday, ordered the state government’s account frozen and adjourned the matter till December 1 for the report of the EFCC investigation.