A judicial commission of inquiry set up by Rivers State Governor, Nyesom Wike has said that the Rotimi Amaechi administration diverted about N3 billion in public monies to fund elections.
Wike probe panel says ex-governor used N3bn CBN loan to fund elections
The money was said to have been a loan from the Central Bank of Nigeria (CBN) allocated for agricultural projects in the state.
Recommended articles
![President Bola Ahmed Tinubu and APC National Chairman, Abdullahi Ganduje. [Twitter/@AsiwajuTinubu]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "President Bola Ahmed Tinubu and APC National Chairman, Abdullahi Ganduje. [Twitter/@AsiwajuTinubu]")
The money was said to have been a loan from the Central Bank of Nigeria (CBN) allocated for agricultural projects in the state.
The revelation was made at the commission’s first sitting on Monday, August 24, 2015, according to ThisDay.
The commission’s lawyer said Amaechi, on January 25, 2015, approved that N3 billion of the CBN loans be converted to grants and disbursed.
ADVERTISEMENT
Its Chairman, Justice George Omereji however denied reports that the investigation of Amaechi’s administration was a witch-hunt.
Amaechi recently said that he had been fighting the planned probe because Wike had no intention of keeping it free and fair.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
UNN to reduce unemployment among Nigerian graduates through mentoring
AGF calls for strong internal controls to curb financial mismanagement
Tariff has been hiked with no improvement - Abuja residents decry power outage
Emefiele's trial adjourned to June 24, key witness cross-examined
Former ECOWAS Court VP slams EFCC chairman's handling of Yahaya Bello case
Let’s drill 200k boreholes across the country — Obi begs wealthy Nigerians
Ondo 2024: Ex-governor's brother emerges gubernatorial candidate
UK varsity rolls out tuition, travel-free scholarship for Nigerian students
President Biden signs law to potentially ban TikTok if not sold
ADVERTISEMENT
![Polling clerks counted votes at a polling station after completing the voting process of the general election in Abuja, Nigeria, on February 25, 2023. [Getty Images]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Polling clerks counted votes at a polling station after completing the voting process of the general election in Abuja, Nigeria, on February 25, 2023. [Getty Images]")