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N20bn Bail-out Loan: Court Freezes Kogi State’s Account In Commercial Bank. - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / N20bn Bail-out Loan: Court Freezes Kogi State’s Account In Commercial Bank. (363 Views)

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N20bn Bail-out Loan: Court Freezes Kogi State’s Account In Commercial Bank. by Hollicom(m): 2:54pm On Sep 01, 2021
N20bn bail-out loan: Court freezes Kogi State’s account in commercial bank.

A Federal High Court sitting in Lagos, yesterday, ordered the freezing of Kogi State salary bailout account number; 0073572696 domiciled in one of the new generation banks over a N20 billion loan obtained from the bank.

Counsel to the commission, A. O. Mohammed, moving the application, told the court that the N20 billion loan meant to augment the salary payment and running cost of the state government was kept in an interest yielding account with the bank.

He argued that instead of using the money for the purpose it was meant for, the bank acting on the instruction of the Kogi State Government transferred the money from the loan account and placed same in a fixed deposit account.

My Take:

The face of the man seeking the presidency. Shame of a nation!

Re: N20bn Bail-out Loan: Court Freezes Kogi State’s Account In Commercial Bank. by binsanni(m): 3:08pm On Sep 01, 2021
An still kogi state workers are leaving in hell, some collecting 5k as monthly salary while some has being force to retire, some being sacked forcefully.

May Kogi state never happen to us
Re: N20bn Bail-out Loan: Court Freezes Kogi State’s Account In Commercial Bank. by Olarsview: 3:19pm On Sep 01, 2021
Breeze don blow.
Somebody been intoxicated by billions of naira he never worked for want the president seat.while starving it's people without a notable developmental projects.
It shall not be well with the wicked

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