Bailout – InfoStride News

EFCC approves returning N19.33 billion Kogi State salary bailout funds

Temitope Nlewemchi — Sat, 20 Nov 2021 20:08:26 +0000

The Economic and Financial Crimes Commission (EFCC) has approved the return of N19.33 billion Kogi State bailout funds to the Central Bank of Nigeria (CBN). In a statement by the Commission’s spokesperson, Mr Wilson Uwajaren, he mentioned the refund aborts dissipation of the funds and puts an end to further controversies relating to the source [...]

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Abubakar Bello To Probe Usage Of N4.4bn Bailout Fund By LGs

David Folami — Tue, 21 Feb 2017 11:27:18 +0000

Gov. Abubakar Bello of Nasarawa State has inaugurated a seven-man committee to ascertain how the 12 local governments used N4.4 billion bailout fund meant for the payment of salary arrears. The committee, headed by Mr Daniel Clifford, a former Permanent Secretary, is particularly expected to find out why the local government were still owing salaries, [...]

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I’m Not Scared Of Bailout Funds Probe – Samuel Ortom

David Folami — Wed, 16 Nov 2016 08:37:59 +0000

The Governor of Benue state, Samuel Ortom, has said that he is not afraid to answer questions about how he spent the N28b bailout funds that was given to him by the Federal Government. This is coming on the heels of reports that the Senate has commenced a probe on how the Osun state Governor, [...]

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Rauf Aregbesola To Be Probed Over Bailout

David Folami — Tue, 15 Nov 2016 16:23:42 +0000

The Senate has made a move to probe Governor Rauf Aregbesola of Osun State and other governors over how the bailout given to them by the Federal Government was spent. According to Punch, President Muhammadu Buhari may have asked the Senate to investigate how the bailout was spent by the Governors. It was gathered the [...]

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Yahaya Bello Diverted N30bn Bailout Fund – EMA

David Folami — Tue, 02 Aug 2016 19:56:30 +0000

A civil society group, Egalitarian Mission for Africa (EMA), has accused the Kogi State Governor, Yahaya Bello of misappropriating N30 billion bailout fund from the Federal Government. Bello’s chief of staff, Edward Onoja, was also alleged to have ‘stolen’ N1 billion. The Abuja-based group calls on the Economic and Financial Crimes Commission (EFCC) and the [...]

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Ibikunle Amosun Deny Diverting Bailout Money

David Folami — Thu, 23 Jun 2016 16:24:18 +0000

The Ogun Government on Wednesday denied diverting the bailout fund from the Federal Government for other purposes as widely rumoured. The Secretary to the State Government, Mr Taiwo Adeoluwa, made the clarification at separate meetings with Heads of Local Government Administration (HOLGA) and the leadership of the National Union of Local Government Employers (NULGE) in [...]

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Rauf Aregbesola Denies Asking For More Bailout Funds

David Folami — Tue, 16 Feb 2016 12:55:15 +0000

The Osun state Governor, Rauf Aregbesola has denied asking the Federal Government for more bailout funds. This is coming on the heels of accusations and criticisms from the Peoples Democratic Party (PDP) in the state. The Osun PDP Director of Publicity, Mr. Diran Odeyemi said “It is embarrassing and fraudulent for Governor Aregbesola to be [...]

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Some Governors Are Diverting Bailout Funds – NLC

Wale Adebayo — Fri, 02 Oct 2015 00:11:09 +0000

The Nigeria Labour Congress (NLC) has accused some governors of diverting the bailout funds from the Federal Government meant to pay workers’ salaries and pensions, into fixed deposit accounts for personal gains. NLC President Ayuba Wabba made the allegation in his message to Nigerians for Nigeria’s 55th Independence anniversary. According to him, such action was unacceptable [...]

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#Nigeria > FG Bailout Not Enough To Offset Oyo’s Debts – Governor Ajimobi

Wale Adebayo — Sun, 06 Sep 2015 09:30:25 +0000

Oyo State Governor, Senator Abiola Ajimobi on Saturday said the Federal Government bailout of N26.6bn to the state is inadequate to offset all outstanding salaries owed the state workers. Ajimobi, who made this known during a programme on Splash FM, Ibadan said the state government must source for more funds from other areas to ensure [...]

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Declare Osun Bailout Amount, Osun PDP Tells Governor Aregbesola | #Nigeria

Wale Adebayo — Tue, 25 Aug 2015 15:30:05 +0000

The Osun State chapter of Peoples Democratic Party has asked Governor Rauf Aregbesola to declare to the people of the state how much his administration is seeking to get from the bailout package approved for states by the Federal Government. The Osun PDP Chairman, Alhaji Gani Olaoluwa, said this in a statement in Osogbo, the [...]

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