The Economic and Financial Crimes Commission (EFCC) has accused former Jigawa State Governor Saminu Turaki of spending N36 billion of public fund to acquire oil blocks from the Federal Government.
Turaki, now a senator, is being tried by a Federal High Court in Abuja for alleged abuse of office, corrupt enrichment and money laundering.
The commission, in an affidavit, alleged that Turaki used his companies, INC Natural Resources Ltd, Arkel Construction Nig. Ltd and Wildcat Construction Ltd and his younger brother, Bashir, to siphon the funds.
The commission averred that the bank was deducting the said loan from statutory allocations meant for the state, until billions of Naira had been deducted.
How about the billions he allegedly used in sponsoring the failed third term bid of former president Olusegun Obasanjo?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment