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Panic Grips Governors As EFCC Set To Probe Bailout Funds

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Certain governors across the states of the federation are said to be in panic mode as EFCC gets set to investigate them over missing bailout funds.
EFCC acting chairman, Ibrahim Magu

Governors across the states of the federation are said to be panicky as the Economic and Financial Crimes Commission (EFCC) put on dancing shoes to probe bailout funds.

Some of the affected states include Edo, Imo, Kogi, and the rest.

EFCC’s decision to probe the governors stems from a petition received from pensioners of Edo State Government who, on Wednesday, staged peaceful protest at the Benin Zonal office of the agency.

The protesters lamented the non-payment of their pension by the state government and wondered whither went the bailout funds accruing to the state.

They claimed that the Federal Government gave Edo state government the sum of N11.38 billion and another N12.18 billion to pay all outstanding bills in the state.

Nonetheless, they have not been paid pensions, hence can’t pay bills or take care of their families.

The case of Imo state sounds hilarious as the governor, Owelle Rochas Okorocha has been roundly accused of bankrupting the state economically.

Recently, pensioners also protested non-payment of their pension by the state government while workers protest non-payment of salaries.

A blogger was recently incarcerated by Governor Okorocha after he revealed that the Togolese cook of the Chief of Staff and in-law to the governor, Uche Nwosu, made away with two billion Naira of Imo State bailout funds.

The reporter claimed the bailout funds, instead of lying in the bank, was stashed in the bedroom of the Chief of Staff from where the cook helped himself and absconded.

Another governor who is, no doubt, sitting uneasy is the Kogi State governor, Alhaji Yahaya Bello.

The senator representing Kogi West at the National Assembly, Senator Dino Melaye recently blew the whistle that the governor has squandered the bailout funds.

That, according to him, explains the recent protests across the states by workers and pensioners who had carried placards across the state in protest against the state government.

In response, Governor Bello has been alleged to sponsor the recall of Senator Melaye from the Senate, a feat that the Independent National Electoral Commission [INEC] has acknowledged.

Also recently, the Minister for Finance, Mrs Kemi Adeosun raised alarm that 12 states across the federation still owe salaries despite receiving bailout funds.

According to a source close to the EFCC, instead of paying salaries and settling pensions, the governors simply divert the monies into personal accounts, leaving workers stranded. 

Presently, Benue State is alleged to owe workers 18 months salary!

Not long ago, EFCC officials traced $ 3 million of the London-Paris Club loan refund to a governor., a proof that some governors have dealt mercilessly with state funds.

The cash was believed to be part of the N19 billion illegally deducted from the refund by the federal government. 

The cash was reportedly found in the account of a member of the House of Representatives who got it through the lawmaker’s brother. 

The $3 million, it was claimed, was spent on building a 100-room hotel in Lagos, which if ascertained, the governor may forfeit to federal government.

With the recent move by EFCC, one is left to see is the governors will un-loot their loots and settle those to whom their state are indebted to.

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