Open Letter to Kogi Gov: Petition of Fraud Against Kabba Bunu LG Chairman

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OPEN LETTER TO THE EXECUTIVE GOVERNOR OF KOGI STATE, HIS EXCELLENCY GOVERNOR YAHAYA BELLO

Dear Sir,

PETITION OF FRAUD AGAINST HON. EMMANUEL FUNSHO OLORUNFEMI, THE EXECUTIVE CHAIRMAN, KABBA/ BUNU LOCAL GOVERNMENT OF KOGI STATE.

Your Excellency sir, this is an open letter meant to expose little of the huge financial fraud committed by the Executive Chairman of Kabba/ Bunu Local Government and his financial officers in violation of financial regulations, immeasurable corruption and financial crime.

The following verifiable facts are irrefutable.

Sir, the petitioner is a concern Teacher in Kabba/ Bunu Local Government and wish to report the financial crime being committed on the monthly allocation and other funds of the Local Government.

Before the dissolution of the twenty-one (21) Local Government Council in Kogi State on the 8th day of December, 2014 Kabba/ Bunu Local Government applied for a loan of#150,000,000 (One hundred and fifty million naira) only from United Bank for Africa (UBA) for execution of listed projects,and the said loan was subsequently granted.

Among the listed project were building of recreation centre on a Land purchase by the local government directly opposite unity Bank Nig Plc, Kabba Branch, renovation of Kabba/Bunu Legislative Chambers to mention but few. Your Excellency sir, these projects have potentials in lifting the current state of the Local Government internally generated revenue if the loan obtained was properly implemented.

Sir, Contrary to the purpose for which the loan was taken, the Executive Chairman diverts this huge sums,and make reckless draw down on the account and left the Local Government with the burden of repayment of the loan having nothing to show for the burden.

Your Excellency Sir, in compliance with Court of Appeal judgement sitting in Abuja,the twenty-one (21) Local Government in Kogi State were on the 23rd day November, 2015 and as the practice and law demand the following was in the hand over document that was given to Hon Emmanuel Funsho Olorunfemi being the asset and liability of Kabba/Bunu Local Government as at twenty third day of November, twenty fifteen

 

BANKS AND NAME OF ACCOUNT AND THE STATUS AS AT 23RD DAY OF NOVEMBER , 2015.

  1. UBA KABBA –REVENUE ACCOUNT           N 89,226.18 CR
  2. UBA KABBA –­ALLOCATION ACCOUNT     N 16,706,748.91 DR
  3. FIRST BANK KABBA – VAT ACCOUNT       N 30,294.58 CR
  4. FIRST BANK – (SURE “P” ACCOUNT)         N 1,034,811.38 CR
  5. MICROFINANCE BANK – REVENUE ACCOUNT N 4,326.22 CR
  6. UNITY BANK PLC – REVENUE ACCOUNT N 7,709.72
  7. SKY BANK PLC KABBA – REVENUE ACCOUNT N 186,076.20 CR

  • Internal loan was put at 8.4 million naira with interest.

Your Excellency sir,the N 150,000,000 (one hundred and fifty million naira) loan taken was secure with the “allocation account” at UBA with a repayment sum of N 7,930,664.59 bide to be discharge off in May, 2015 or there about being a term loan while on return to office on the 23rd day of November, 2015 the hand over document shows the account has against it for liquidation the sum of N 16,706 748.91 DR a situation that strongly suggest fraud has been committed against the account should the loan be running.

Your Excellency sir,from a reliable source Preceding resumption of kabba/Bunu local government Council during a meeting the Executive Chairman attention was called by one of his councillors on the on the fraud going on with the loan repayment. In his reply the Chairman assured the legislature that his going to obtain all the Local government statement of account in all banks and transmit same to the council which he never did till date knowing fully well that he was the brain behind the fraud.To further attempt to look into the various accounts the legislature by it resolution three weeks ago called on the Chairman to transmit the local government income and expenditure along with the statement of accounts to the council, till date the chairman failed to comply with the resolution. The agitation to see the statement of account was a result of the Chairman recent announcement that the loan account has #66,000,000 (sixty six million naira) against it which was a totally different figure from what was on the handover document. while he em backed on the monthly deduction of the sum of N 7,930,664.59 from the allocation account in the month of November, December and January respectively leading to staffs of the Local Government been paid (10%) ten- percent of their monthly salary for the month of November and December, 2015.

 

Your Excellency Sir, since Hon. Emmanuel Funsho Olorunfemi return to office in November, 2015 , each month has been greeted with one unapproved loan or the other, fabricated projects and purchase just to defraud the local government funds and thereby throw the civil servant into pitiable state. Sir not less than                     N 8,000,000 (eight million naira) is been deducted as internal loan monthly by the chairman which crash monthly salary payment to (10%) ten – percent.

To perpetually worsen the situation of the Local Government your recently announced local government autonomy has turn Hon. Emmanuel Funsho Olorunfemi into a multi millionaire, and a defacto Governor within Kogi state severing kabba/Bunu Local allocation as his personal fund, He called on the Leadership of the National Union of Teachers (NUT) that he de ducting N 30,000,000 (thirty million naira) for loan repayment and all his over head from the #103,000,000 (one hundred and three million naira) ,the teachers union haven the knowledge that loan repayment claimed by the chairman was a project of fraud and deceit told him that the teachers were never beneficiary of the loan and can not suffer they repayment of #12,000,000(twelve million naira) the chairman claim at the meeting was his repayment. Against the teachers protest against putting the burden of a loan we knows nothing about the Chairman eventually make deduction of thirty million naira from our January allocation. To us this is a hard pill to swallow and the need to inform relevant authorities become the only way out. Against our protest that he must not pay the money into our teachers salary account Hon. Emmanuel Funsho Olorunfemi went ahead to pay 35% thirty five percent into our account leaving a vast numbers of Teachers salaries unpaid and game we see to be deliberate.

Your Excellency sir, by virtue of relevant document at our disposal the Chairman is diverting money meant for speed growing masses of Kabba/Bunu Local Government. And we need strong intervention of His Excellency to investigate the activities of Hon. Emmanuel Funsho Olorunfemi and when determine he should handover to Economic and Financial Crime Commission (EFCC) and ICPC for prosecution. Sir in several of our Union meeting with the Chairman he has make boast of all his various visit to all anti graft agencies in Nigeria and that we can not get justice against him. It is our strong believe that if the Chairman is prudent with #103,000,000 all local government staffs, Teacher and Pensioners can be paid 65,000 or above.

 

Your Excellency sir, we the Teachers in Kabba/Bunu Local government commend your dynamic leadership that has continue to re position Kogi State in the committee of states and your sincere and purposeful leadership evidence in the retuned of local government funds to various council in the state, and your determination to make an end to corruption in kogi state.

 

 


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