Sterling Bank in trouble over N1b illegal withdrawal by Kwara Govt. Sterling Bank in trouble over N1b illegal withdrawal by Kwara Govt.
Some officials Steeling Bank are currently running from pillar to post to ensure they cover up the illegal withdrawal by officials of the Kwara... Sterling Bank in trouble over N1b illegal withdrawal by Kwara Govt.

Some officials Steeling Bank are currently running from pillar to post to ensure they cover up the illegal withdrawal by officials of the Kwara State government.

A Non-Governmental Organisation, the Kwara Coalition for Good Governance and Accountability (KWARA-CGGA) had petitioned the Economic and Financial Crimes Commission (EFCC), requesting for the probe of over N1 billion loan that the State Government secured from the bank a few days before the general elections.”

The EFCC swung into action by arresting  and interrogating the Commissioner for Finance, Nurudeen Banu; Accountant General, Sulaiman Ishola; Commissioner for Water Resources, Yusuf Abdulkadir; Head of Service, Susan Modupe Oluwole; Special Adviser, Commissioner for Energy, Eleja Taiwo Banu; Chief of Staff, Abdulwahab Yusuf; officials of the Secretary to the State Government, and those of the Government House.

Investigations further revealed that the said money was withdrawn from Kwara State’s account domiciled with Sterling Bank.

Sources informed National WAVES that an official of the state government, Hafees Yusuf, confirmed to the operatives that he got instructions from his “boss” to withdraw some monies sometimes in February 2019

“My Controller of Finance told me that the sum of N350,000,000 (Three Hundred and Fifty Million Naira) was paid into the account of Kwara State Government, and I was instructed by my boss to raise cheques of various sums of monies, which I did and were duly signed by the Controller of Finance; I withdrew the monies as I was instructed by my supervisor.

“A senior staff of Sterling Bank, who is currently being interrogated by operatives, revealed that the Accountant General, Commissioner for Finance and Permanent Secretary of the Ministry of Finance, are signatories to the account where N720,000,000 (Seven Hundred Twenty Million Naira) cash were withdrawn from the Kwara State Government Account domiciled in the branch of the bank located at Post Office in Ilorin between February 7 and 11, 2019” “Three Relationship Managers of the bank – Rahaman Alimi, Akinleye Ademola and Olarewaju Sarafa, were sa  id to be the ones who parked the said money in bullion van and personally delivered it to the Chief of Staff to the Kwara State Governor, Abdulwahab Yusuf”

“The bank officials, further told operatives that they acted on the instruction of their “boss” which was identified as, Rasaq Abolarin”

The officials are expected to be arraigned before a Federal High Court in Ilorin next week.s

 

 

National Waves

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