N20b Bailout loan: EFCC withdraws case against Kogi govt
The Economic and Financial Crimes Commission (EFCC) on Friday withdrew its suit seeking the forfeiture of the N20billion bailout funds granted to the Kogi State Government by Sterling Bank. The money was meant for the payment of Kogi State workers, but was alleged to have been, instead, domiciled in an interest yielding account with the bank. Justice Chukwujekwu Aneke granted the order of withdrawal sequel to a motion filed and argued by the counsel to EFCC, Kemi Pinheiro, SAN. Mr Pinheiro listed six grounds upon which the judge granted the prayer, adding that “the EFCC is a responsible body”. One…