13 February 2013

Nigeria: Oyo Govt Demands Refund of Alleged N700 Million Loot

THE Action Congress of Nigeria government in Oyo State, yesterday, asked for the refund of over N700million and property allegedly recovered from the former Governor of the state, Senator Rashidi Ladoja, by the Economic and Financial Crimes Commission, EFCC.

The request which was made by the state government after the end of weekly State Executive Council, also urged the anti-graft agency to speed up the suit filed against another ex-governor, Otunba Adebayo Alao-Akala.

Akala government had alleged that Ladoja misappropriated money meant for the state while in government, while Akala and two of his aides are standing trial on allegation of fraud totaling N11. 5billion.

According to Mr. Taiwo Otegbeye, the Commissioner for Information, the request was part of the resolutions of the State Executive Council.

Otegbeye said the call for the release of the money was necessary so that the present government could spend it on many other developmental programmes that would impact positively on the lives of the people in the state.

The state executive council said, in a terse statement: "The Executive Council of Oyo State Government has passed a resolution urging the Economic and Financial Crimes Commission, EFCC, to expedite action on the trial of the two former governors of Oyo State and their co-accused persons facing trial for misappropriation of the state funds and resources.

"It commended the EFCC for the thorough investigation, arrest and prosecution of the two former governors for alleged misappropriation and conversion of the state funds and resources noting that the trials of the former governors were yet to commence."

Oyo Government also asked the commission to release to it "the state government money and property, which included impounded vehicles which were purchased from the proceeds of the loot for some family members that were recovered from the former governor and fellow accused persons".

"The money and property which were recovered by the anti-graft agency is well over N700 million, (Seven hundred million naira), and it is still outstanding". The council pledges the support and cooperation of the Oyo State Government to EFCC in its task of ridding the country of corruption." the statement said.

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