A Kogi State High Court sitting in Lokoja has adjourned the hearing of the application by the Economic and Financial Crimes Commission (EFCC) challenging the interim injunction order of the court, restraining it from taking any further action over the N19.3 billion Kogi bailout funds allegedly recovered from a hidden account in Sterling Bank, till January 27, 2022.
Ripples Nigeria reported that the EFCC had on November 19, 2021, announced the recovery of the funds and its return to the Central Bank of Nigeria by Sterling Bank.
However, the EFCC was later dragged to court by the Kogi State Government, Accountant General of the State, Momoh Jibrin and the Commissioner for Finance, Budget and Economic Planning, Makadam Agiri, alleging that the publication of the recovery on the Commission’s Facebook page was defamatory and demanded a retraction and payment of N35billion damages