Plateau recovers N2.7b looted fund

Plateau recovers N2.7b looted fund

The Plateau State Government on Thursday, disclosed that it has recovered N2.7b looted through the State Universal Basic Education Board (SUBEB) by the immediate past administration in the state.

The state governor, Simon Lalong stated this in Jos at an interactive session with Correspondents Chapel of the Nigerian Union of Journalists as part of activities to mark his 53rd birthday.

Lalong said:”We have done a lot of investigations and a lot of arrests have been made, some past government officials have been invited by Economic and Financial Crimes Commission (EFCC) to make some clarifications.

“We have recovered N2.7b looted from the State Universal Basic Education Board. As I speak, a former commissioner in the state is in the custody of the EFCC because of looted funds.

“Over N2 billion, which was meant for Small and Medium Scale Enterprise (SMEs), was diverted in the past administration and the case has been reported to the EFCC.

“Because of this , the Central Bank of Nigeria (CBN), has refused to give the state additional funds for SMEs; because the state is yet to account for N2 billion and this has caused a setback in empowering the youths”,

The governor vowed to recover the state’s stolen wealth including N4.7b SUBEB’s fund that was still missing, and shed light on some of his administration programmes.

“We are really working on increasing the tourism potentials of the state; especially the Wild Life Park , the Pandam Wild life Park , the Wase Rock and others.

“Our state is one of the richest states in the country in terms of solid minerals and we are working on how to take advantage of the policies concerning revenue generation with respect to solid minerals”, Lalong stated.


Related Articles

Ex-Chairman of National Human Right Commission, Prof. Odinkalu, claims photos of Buhari with wife, Amosun are fake

The pictures of President Muhammadu Buhari circulated by the presidency following the controversial rumour of his death and sickness have

FIRST BANK ACCUSE BUSINESSMAN OF N12.4BILLION DEBT

First Bank of Nigeria Limited has accused the Managing Director of an oil company, Index Petrolube Africa Limited, Ezeani Nnamdi

SUSPECTED CULTISTS SHOOT FINAL YEAR STUDENT DURING EXAM IN UNILAG

Gunmen suspected to be cultists who were armed with gun drove into University of Lagos in a saloon car on


x

Related Posts

Presidency denies making preparation for Buhari's London doctor
The Presidency on Thursday angrily dismissed reports that it has drawn up plan to bring President Muhammadu Buhari's London doctor into Nigeria. ...
Saving money at home is economic sabotage, First Bank MD
The MD of First Bank, Dr Adesola Adeduntan, has described Nigerians who save their money at home rather than bank as "economic saboteurs." Ade...
Nigeria may witness total blackout next week, Egbin Power
Nigeria's biggest power station, Egbin Power Plc, has raised fear that the country may be in total darkness next week following several challenge...
powered by RelatedPosts