Federal Government to 35 State Governors: Return the N614bn bailout fund you collected

Federal Government

The Federal Government has asked states governors to return the N614bn bailout fund it offered to 35 states under the National Budget Support Loan Facility. Only Lagos State during the administration of her immediate past Governor Mr. Akinwunmi Ambode FCA did not collect the bailout fund. The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this last Thursday, noting that, each of the governors of the states would return N17.5bn each. Speaking with newsmen after a meeting of the National Economic Council in Abuja, Ahmed said, “The…

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Alleged N10bn fraud: Former Lagos State Governor Ambode’s Chief of Staff breaks silence on EFCC’s raid

Governor of Lagos State

Head of Staff to the quick past Governor of Lagos State, Mr. Samuel Olakunle Ojo, has exposed case that the Economic and Financial Crimes Commission, EFCC, assaulted his home close by his previous manager, Akinwunmi Ambode, over claimed N9.9 billion misrepresentation. Ojo included that he was neither engaged with any misrepresentation nor his home assaulted by the counter join office during their visit to Epe. READ ALSO:  EFCC raids Akinwunmi Ambode’s residence The counter joins office had been researching the organization of the previous senator over asserted N9.9 billion misrepresentation…

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EFCC raids Akinwunmi Ambode’s residence


According to reports, the operations of the Economic and Financial Crimes Commission (EFCC) raided the Epe residence of former Lagos state governor Akinwunmi Ambode on Tuesday. EFCC spokesman Tony Orilade, who confirmed this, denied they were in Ambode’s residence in a raid, explaining that they are only there for an investigation. “It is not true, and we are not attacking. The investigation is ongoing regarding the request we have, that is why we are here,” he said. It was recalled that Judge Chuka Obiozor of the Federal Superior Court, sitting…

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