The Kogi state government says the allegation of the Economic and Financial Crimes Commission (EFCC) that it mismanaged funds similar to the “mark of the beast” is false.
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Last month, the federal high court in Lagos froze a Kogi state salary bailout account domiciled in Sterling Bank Plc, over N20 billion loan obtained from the bank.
The interim order followed an ex parte application by the anti-graft agency. The commission had said the state government allegedly fixed N666,666,666.64 bailout funds in Sterling Bank to yield interest.
