he bank’s officials were grilled for several hours by the EFCC on the matter and going by their statements, heads may roll soon,”
The Economic and Financial Crimes Commission, EFCC, has grilled Abubakar Suleiman, the chief executive officer of Sterling Bank Plc and two other top officials of the lender over the controversial ‘hidden’ N20 billion said to allegedly belong to the Kogi State government.
The anti-graft agency had reportedly in August 2021, said that it had credible intelligence that funds suspected to be proceeds of unlawful activities were in an account domiciled in Sterling Bank Plc with the name of Kogi State Salary Account and account No. 0073572696. The money was a bailout fund to the state meant to pay workers’ salaries but allegedly diverted to an interest-yielding account. The state government, however, vehemently denied the allegation. But the EFCC insisted the diverted money had been recovered and transferred to the Central Bank of Nigeria (CBN), a transaction reportedly acknowledged by the apex bank. (newsheadline247.com)
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