Adekunle Jimoh, Ilorin
Economic and Financial Crimes Commission (EFCC) on Friday handed over drafts of N111.4 million recovered from suspected treasury looters to Kwara state Governor AbdulRahman AbdulRazaq.
Head, Ilorin Zonal office of the EFCC Isyaku Sharu presented the drafts to Governor AbdulRazaq in Ilorin, the state capital.
He added that the agency had so far recovered no less than N500 million in assets and cash from alleged treasury looters in the state.
Sharu said that “this recovery is from suspected Kwara state treasury looters. The suspects allegedly criminally misappropriated landed properties of Harmony Holdings (an investment outfit of the state), while others diverted funds meant for micro small and medium credit scheme.
“These suspects cut across political office holder, traditional ruler and top civil servants.
“The recovery is part of our contribution in getting rid of economic
and financial crimes related offences in the state.”
Abdulrazaq thanked the EFCC and revealed that the cash will be used for the social investment programme in the state to lift poor people out of poverty.
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He said that the money would not be used for any project..
He added: “We are overwhelmed because history is being made in Kwara state with the return of our money recovered by the EFCC especially now that there are many projects to embark on.
“As we promised to replicate the federal government social investment programmes, this cash would be used for that programme and we will make our people realised that the seed money for social investment
programme, before we came into power, was also recovered.
“The money will go into social investment programme of the state and also go into most needed programmes. We would let our people know that it is the money realised by the EFCC we are given them so that they can pay back when they get the loan. It will help to lift thousands of people out of poverty.”
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