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Kogi N20 Billion Bailout Scandal: Workers Fate Nailed As Funds Return To CBN

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Last week Friday concerned Nigerians and followers of the controversial N20 billion Kogi workers’ bailout fund were told that the fund has been returned to the Central Bank of Nigeria.

Many have spoken to DAILY POST on the implication of returning money that would have alleviated the plight of workers in Kogi State.

Majority have tagged the government narrative a ‘cock and bull’ story spanning the period of seven months.

The mystery behind the Kogi State workers’ N20 billion has continued to shock analysts given the circumstances under which such a humongous amount of money was hidden in a Sterling bank account amid state workers’ misery, poverty and anguish.

Recall that the Economic and Financial Crimes Commission (EFCC), one of Nigeria’s anti-graft agencies blew the lid open that the sum of N20 billion workers’ bailout fund, released to the Kogi State government by the Central Bank of Nigeria (CBN) was kept in an interest yielding account number 0073772696 domiciled in a Sterling Bank.

The revelation led to denials and media theatrics and claims of the non-existence of such funds by those involved.

The EFCC in a 13-paragraph affidavit earlier deposed to by a member of the team of investigators had through relevant provisions in the Act that establishes it approached Justice Tijani Garba Ringim to freeze the account since the funds were not used for the purpose they were disbursed.

Now, after seven months of legal battle, the EFCC has secured a return of N19.33 billion Kogi State Salary bailout funds.

The development was confirmed by the Spokesperson of the Economic and Financial Crimes Commission, Mr Wilson Uwujaren in a statement.

Part of the statement said: “The EFCC had earlier withdrawn its suit seeking the forfeiture of the N20 billion bailout funds granted to Kogi State government by Sterling Bank.

“The return of the money to CBN would effectively put to rest the campaign of misinformation and unconscionable denials by Kogi State government that no funds were recovered from its bailout account.”

But speaking with DAILY POST on Tuesday, the Executive Director of a popular Kogi based non-governmental organization, Initiative for Grassroot Advancement (INGRA), Comrade Hamza Aliyu said the kind of government in place in Kogi State since 2016 cannot be trusted.

He said the state workers’ audit which was carried out between 2016 and 2017 was targeted at sacking workers who would have benefitted from the bailout funds of N50.8 billion approved by the Central Bank of Nigeria for State and Local government employees during the previous administration of Idris Wada before Yahaya Bello inherited the funds.

Aliyu maintained that three institutions cannot be wrong even as the Kogi State government has continued to deny the existence of such funds domiciled in Sterling Bank.

He said: “Kogi State cannot be trusted. The audit which was carried out in 2016 and 2017 was meant to deny workers of bailout funds which has been approved before the administration of Yahaya Bello.

“Three institutions, that’s the EFCC, Court and the Central Bank of Nigeria cannot be wrong in the circumstances. My people said, in every smoke, there is a fire.

“The amount of money Kogi State government was accused of was weighty and instead of Kogi which claimed that such did not exist to go to Court, they were busy ranting on pages of newspapers.

“The EFCC is an investigative institution, and I believe it would not have approached the Court without evidence and since April till date, Kogi hasn’t proven the anti-graft agency wrong. Kogi State government is not only guilty and liable but corrupt and irresponsible.”

Meanwhile, a letter dated November 9, by the Central Bank of Nigeria which was addressed to the Chairman of the Economic and Financial Crimes Commission, confirmed that the sum of N19,333,333,333.36 has been returned to its vault by Sterling Bank PLC as proceeds in the name of Kogi State Workers’ Salary account number, 0073772696.

The CBN’s confirmation letter was in response to EFCC’s letter of inquiry dated November 5, 2021, Ref. No. CR:3000/EFCC/LS/CMU/REC-STE/VOL.4/047 asking the anti-graft agency to furnish it with details of the funds in compliance with the October 15,.2021 order of a Federal High Court in Ikoyi, Lagos.

As anger continues to trail the return of the bailout funds, a female teacher in one of Kogi State-owned Secondary Schools in Ogaminana in the Central Senatorial district who pleaded anonymity lamented the plight of workers.

She told DAILY POST that she is on level 12 step 6 and gets between N17,600 and sometimes N16,000 as monthly salary.

According to her, no teacher was a happy person at the state and Local Governments’ level, stressing that when the controversial workers’ N20 billion bailout fund was made public in the press, they recalled how workers expected the intervention without any news at that time.

Also, a social critic, Comrade Austin Usman Okai lamented that the development has deepened Kogi workers’ woes, recalling that the funds were originally meant for payment of arrears of State and Local Government workers.

He said, former governor Idris Wada’s administration worked out the funds to the tune of N50.8 billion with State workers having 40%, while LG workers have 60%, adding that the CBN approved the amount, but delayed releasing it for political reasons.

He explained that the denial of the returned funds by agents of Yahaya Bello administration was criminal, particularly that every Kogite knew the history of that money, that it was part of the N50.8 billion bailout fund meant to offset workers’ salaries which to a large extent, the previous administration which applied for the funds had collated particulars of the workers before it abruptly left office.

Okai described Yahaya Bello as ‘Lord of the manor’, who cannot be questioned, a situation he said has brought governance in the State, “next to nothing”.

In his words: “Teachers on level 9 to 10 get N3,000 to N9000 monthly, depending on the mood of the governor in that month.

“The Nigeria Labour Congress cannot talk, nobody can question Bello.

“Even the Central Bank of Nigeria knew that they can’t prosecute Bello for now for not utilising the funds that were released to him.

“As we speak, Kogi State House of Assembly are on, doing the hatchet job and so Kogi State is in mess for now.

Speaking on the way forward, he said they were engaging the EFCC to investigate the State further as he believes the bailout scandal was the ‘tip of the iceberg.’

He further appealed to workers to be patient, given that they were on the losing side of life for now, but expressed hope that there was always another day for them to be wriggled out of the logjam they have found themselves.

 

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Gumi Defends Dialogue As Sole Solution To Nigeria’s Insecurity

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Islamic cleric Sheikh Ahmad Gumi recently defended his past interactions with armed groups, stating he “took the bull by the horns” in 2021 as a necessary step to address Nigeria’s insecurity.

In a post shared on Facebook on Thursday, Gumi said decades of neglect of disadvantaged populations had created deep socio-economic inequalities, leaving many youths vulnerable to manipulation by external forces seeking to destabilise the country.

According to him, the widening gap between the rich and the poor has turned many young people into “ready-made foot soldiers” in cycles of violence that enable the exploitation of Nigeria’s resources.

He also criticised the political class for being largely unresponsive, while noting that the intellectual community is preoccupied with survival struggles.

Reflecting on his past efforts, Gumi said he “took the bull by the horns” in 2021 by attempting to reintegrate violent elements into society rather than allowing them to be further radicalised.

He wrote: “Nigeria for decades has ignored the underprivileged section of its society. There is a significant socio-economic discrepancy, and the society is stratified. This makes our teaming youth ready-made foot soldiers for any foreign interest trying to divide us and rule. To plunder our resources while we are involved in a vicious circle of violence.

”Unfortunately, the political class is unattentive while the intelligentsia is held hostage in the struggle for existence.

“In 2021, I took the bull by the horns in an attempt to bring some of these uncouth elements back to our fold rather than letting them be exploited by the devil.

“I still believe this is the only way out of our predicament. However, it needs the political will and determination to achieve.

“May Allah bring peace back to our nation.”

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Court Clears Senator Ireti Kingibe To Remain Active In ADC

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The Federal High Court in Abuja rejected an ex-parte application seeking to bar Senator Ireti Kingibe from participating in the activities of the African Democratic Congress (ADC).

Justice Peter Lifu declined the request from Wuse Ward leaders, ruling that such an order could not be granted without first hearing from the senator.

Instead, the judge ordered the ward leaders said to be loyal to the Minister of the FCT, Nyesom Wike, to put the senator on notice to appear in court to join issues with them on their grievances.

Justice Lifu in a ruling on Thursday held that discretion in such a request for prohibition from party activities and in political matters must be exercised judicially and judiciously.

The judge said justice would be met in the case of the plaintiffs only when the side of the defendant is heard on its merit, along with that of the plaintiffs.

Consequently, the judge ordered that Senator Ireti Kingibe should be served with all court processes by the plaintiffs to enable her become aware of the suit and to prepare her defense.

The judge fixed April 20, 2026, for the plaintiffs and the serving senator to appear before him for hearing of all applications in the matter.

Those who sued the senator in the suit marked FHC/ABJ/ CV/539/2026 are Okezuo Godfrey Anayo and Isaiah Ojonugwa Samuel, on behalf of themselves and ward members as plaintiffs. The senator is the sole defendant.

In their ex-parte application, Kingibe representing the FCT in the Senate was said to have been suspended on March 10, 2026 by her Wuse Ward executives following allegations of anti-party activities and disregard of your cnstitution of the ADC.

In the ex- parte application filed on their behalf by a Senior Advocate of Nigeria, SAN, Kolawole Olowookere, the aggrieved ADC members in Wuse Ward applied for an order of interim injunction restraining Kingibe from parading herself as a member of party, pending the hearing and determination of their motion on notice for interlocutory injunction.

They also asked the judge to restrain the senator from performing any function, attending meetings or performing activities reserved for ADC members or representing the party in any activities.

Besides, the Ward Executive Committee had asked that she be restrained from further interfering with the administration of the ward, ward register and other activities.

The suit was predicated on five grounds among which are that Mrs Kingibe was placed on suspension due to anti-party activities, gross misconduct and confiscation of the ward statutory records.

They argued that the suspension followed due process as enshrined in the ADC constitution and ratified by the two thirds majority of the EXCO members.

They averred that despite the communication of the suspension to Kingibe, she has continued to hold parallel meetings, issue press statements as an ADC member, and using her security details to intimidate the executive committee.

“Her actions constitute flagrant disregard to the internal mechanism of the party,” the plaintiffs stated.

Meanwhile, a lawyer, Abubakar Marshall who claimed to be representing the senator, announced that he had filed a preliminary objection against the suit. He added that it was served on M. S. Garba, who stood for the plaintiffs at Thursday’s proceedings.

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COAS Shaibu Hits Jos To Restore Peace, Public Confidence

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The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, visited Jos, Plateau State, on Thursday, April 2, 2026, to lead a high-powered security assessment following recent security breaches.

The visit was aimed at strengthening public confidence and reinforcing ongoing efforts to stabilize affected communities.

Colonel Appolonia Anele, acting Director, Army Public Relations, said in a statement that the visit forms part of ongoing efforts to restore calm and entrench lasting peace across the state.

According to the statement, upon arrival, the COAS was received by the Executive Governor of Plateau State, Caleb Mutfwang, in a clear demonstration of strong civil-military cooperation and a shared commitment to addressing emerging security challenges.

The statement said the COAS received a comprehensive operational briefing from the General Officer Commanding 3 Division and Commander, Joint Task Force Operation ENDURING PEACE, Major General Folusho Oyinlola, who highlighted ongoing operations and proactive measures being implemented in synergy with other security agencies to contain threats, protect lives and property, and stabilise affected communities.

“As part of his engagements, Lieutenant General Shaibu also interacted with community leaders and residents, reassuring them of the unwavering commitment of the Nigerian Army to safeguarding all law-abiding citizens.

He urged residents to remain calm, vigilant and supportive of security agencies by complying with the curfew and cooperating fully with ongoing operations and investigations, while going about their lawful activities.

The chairman of Jos North Local Government Area, Hon. Dachung Bagos, commended the COAS for the timely visit, noting that the presence of the nation’s top military leadership would boost public confidence and reinforce trust in ongoing security efforts.

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