What we’ll do with looted funds - Kwara govt

What we’ll do with looted funds - Kwara govt

- Governor AbdulRahman AbdulRazaq of Kwara has said that the looted funds recently returned to the state would go into social investment programmes

- The governor said contracts won’t be awarded with the money, but that it’ll be used to help the poor

- AbdulRazaq said his administration is replicating many of the federal government’s social programmes to make life better for the people

- The EFCC presented the recovered loot as part of its contribution towards getting rid of economic and financial crime-related offences in the state

Governor AbdulRahman AbdulRazaq of Kwara has said that the looted funds recently returned to the state would go into social investment programmes to benefit the poor.

Chief press secretary to the governor, Rafiu Ajakaye said this in a statement on Friday, October 11 in Ilorin, NAN reports.

Legit.ng gathers that Ajakaye said Governor AbdulRazaq stated this when he received N111, 428, 891 from the zonal head of the Economic and Financial Crimes Commission (EFCC), Isyaku Sharu.

“By the grace of God, this money will go into social investment programmes of the state. It is going into lifting thousands of people out of poverty.

“We are not going to award contracts with this money. It is going to help the poor people,” AbdulRazaq said.

AbdulRazaq commended the anti-graft body for their efforts and service to the country, assuring them that the funds would only go into serving the downtrodden.

The governor, therefore, called on the people of the state to continue to support the anti-graft body.

“We thank the EFCC for what they are doing. We are happy that in our state you keep us on our toes.

“Unlike what many people may perceive, EFCC are partners in progress all over the federation. So, we should join hands with them and assist them,” he said.

AbdulRazaq said his administration is replicating many of the federal government’s social programmes to make life better for the people, adding that the state’s Social Investment Programme Bill is already with the state House of Assembly.

“We are replicating many of federal government programmes in Kwara, especially the social investment programme, which people know as TraderMoni, market moni, N-power and School Feeding Programme.

“The Social Investment Programme Bill has already passed second reading and this money will go into the programme. We are not going to waste or mismanage it,” he said.

Speaking earlier at the handing over of the looted funds, the state zonal head of the EFCC, Isyaku Sharu, said the money had been recovered from “treasury looters” in Kwara and that the agency had so far recorded 29 convictions.

“We have 29 convictions and over N500 million recovery of both assets and cash; part of this recovery is the N111, 428, 891.00 cash recovery for the Kwara state government,” Sharu said.

“This recovery is from suspected Kwara state treasury looters. The suspects are alleged to have criminally misappropriated landed properties of Harmony Holdings, while other diverted funds meant for the micro, small and medium credit scheme.

“The suspects cut across political office holders, traditional rulers and top civil servants,” he added.

Sharu stated that he was mandated by the chairman of the commission, Ibrahim Magu, to present the recovered loot as part of their contribution towards getting rid of economic and financial crime-related offences in the state.

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Recall that Legit.ng previously reported that the Economic and Financial Crimes Commission traced some of the looted N2billion for Small and Medium Enterprise Development (SMED) in Kwara state to the account of a former first lady in the state.

The first lady, who has so far refunded N3million, was said to have refused to report to the anti-graft agency for interrogation.

She reportedly told the EFCC that she was indisposed but didn't give details on the nature of her illness.

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Source: Legit

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