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    MarketForces Africa » MarketForces News » Alleged N46bn Withdrawal: Kogi Govt has Nothing to Hide, says Commissioner

    Alleged N46bn Withdrawal: Kogi Govt has Nothing to Hide, says Commissioner

    Olu AnisereBy Olu AnisereAugust 5, 2024 News No Comments2 Mins Read
    Alleged N46bn Withdrawal: Kogi Govt has Nothing to Hide, says Commissioner
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    Alleged N46bn Withdrawal: Kogi Govt has Nothing to Hide, says Commissioner

    The Kogi Government says it has nothing to hide following the invitation by the Economic and Financial Crimes Commission (EFCC) of two of its officials over alleged cash withdrawals of N46 billion.

    The two officials invited by the EFCC are Abdulsalamu Hudu and Umar Shuaibu-Oricha.

    In a statement issued by the Commissioner for Information, Mr Kingsley Fanwo, on Monday in Lokoja, Hudu and Shuaibu-Oricha were ordered to be arrested by a Federal High Court.

    The court gave the order to ensure that the two men answer criminal allegations related to alleged withdrawal of N46bn from the Kogi government bank accounts, among other accusations.

    The order was granted by Justice Emeka Nwite in a motion ex parte filed by EFCC and marked as suit number: FHC/ABJ/CS/909/2024.

    The case is said to be one of the latest litigations by the EFCC against several Kogi government officials and associates.

    The commissioner said,: “the government of Kogi has nothing to hide and will always open her books to lawful investigations.

    “We hope that the EFCC will respond to the patriotic action of the officials by remaining professional in conducting their investigations.

    “As a government, we are always prepared to cooperate with anti-graft agencies to prove our transparency and retain the confidence of our development partners, who have consistently given us awards in recognition of our unflinching transparency, accountability and probity.” #Alleged N46bn Withdrawal: Kogi Govt has Nothing to Hide, says Commissioner

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    Olu Anisere
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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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