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Kogi State Governor, Yahaya Bello has accused his predecessor, Captain Idris Wada, of embezzling the N2 billion Youth Enterprise Fund obtained from the Central Bank of Nigeria.
Bello, who made the accusation on Sunday in a statewide broadcast to commemorate Democracy Day, said the immediate past administration used fictitious beneficiaries to siphon the money.
He said: “This money is a loan meant to stimulate commerce among the youth
“We will recover it back from whoever has stolen it.”
The governor said he was not out to witch-hunt anyone but would not condone corruption by closing his eyes “to obvious cases of outright embezzlement of state funds”.
Bello urged the youths not to despair and disclosed that his government was assisting the Dangote Group to negotiate the acquisition of 20,000 hectares of land for commercial rice cultivation and processing, while it has also signed memorandum of understanding with tested large scale farming enterprises.
He said government has also engaged consultants to review all projects awarded by the previous administration and advise it on the way forward.
Source: Daily Post
Bello, who made the accusation on Sunday in a statewide broadcast to commemorate Democracy Day, said the immediate past administration used fictitious beneficiaries to siphon the money.
He said: “This money is a loan meant to stimulate commerce among the youth
“We will recover it back from whoever has stolen it.”
The governor said he was not out to witch-hunt anyone but would not condone corruption by closing his eyes “to obvious cases of outright embezzlement of state funds”.
Bello urged the youths not to despair and disclosed that his government was assisting the Dangote Group to negotiate the acquisition of 20,000 hectares of land for commercial rice cultivation and processing, while it has also signed memorandum of understanding with tested large scale farming enterprises.
He said government has also engaged consultants to review all projects awarded by the previous administration and advise it on the way forward.
Source: Daily Post
