Ex-Tambuwal’s commissioner denies involvement in ₦16.1 billion loot

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Ex-Tambuwal’s commissioner denies involvement in ₦16.1 billion loot

Story by Aliyu ASKIRA, Kano

Former Commissioner for Finance in Sokoto State, under former Governor Aminu Waziri Tambuwal, Abdussamad Dasuki, has said he was only aware of ₦1.5 billion in the ₦16.1 billion alleged loot.

It was reported that Governor Ahmad Aliyu of Sokoto set up a commission of inquiry to investigate an alleged diversion of ₦16.1 billion raised as shares from Sokoto State Investment Company.

The fund, amounting to ₦16.1 billion, was allegedly diverted by the administration of Senator Tambuwal.

READ ALSO: “Tinubu is too wealthy to loot Nigeria’s treasury” – Youth Minister

Testifying before the Sokoto Commission of Inquiry on Monday, Dasuki said the shares raised and sold were done without his office’s involvement.

Dasuki explained that Sokoto Investment Company did the shares deal directly with Government House.

The current member of the House of Representatives for the Tambuwal-Kebbe federal constituency added that he was informed by the company’s managing director that the total value of shares sold was ₦3 billion.

“I was informed by the managing director of the investment company that the total value of the shares was just over N3 billion,” the media quoted him.

Dasuki further told the commission of inquiry that “his office sought and received approval from the governor to raise ₦2 billion through the investment company to fund state projects, including the legacy project and obligations such as salaries and allowances.

“However, the company only deposited ₦1.5 billion into the accountant general’s account in two installments, ₦1 billion initially, followed by ₦500 million.

“To the best of my knowledge, that is all I am aware of regarding this matter,” he said.

Proofreading by Gift Luckson, Editor at Neptune Prime.

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