Northern Nigerian Breaking News

Kano anti graft agency trails over N4bn KASCO missing fund , confiscates warehouses, vehicles

  • Commission arrests eight suspects

The Kano State Pubic Complain and Anti- Corruption Commission says it has commenced investigation of missing government funds from Kano Agricultural Supply Company (KASCO) amounting to over four Billion Naira and confiscation of some cars heavy duty vehicles and tractors.

SOLACEBASE reports that the Commission Chairman Barrister Muhuyi Magaji Rimin Gado disclosed this on Saturday, when he led an investigation team to the warehouses where cars, heavy duty vehicles and tractors alleged to have been bought with the siphoned money were kept, in Kumbotso local government area of the state.

Rimin Gado said the funds were mischievously transferred from Kano Agricultural Supply Company to an association registered with the Corporate Affairs Commission (CAC) named Association of Compassionate Friends.

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“The Association was meant to promote and take care of the living standard of the children of the less privileged people in the society, but unfortunately it has been turned into a machine stealing public funds, ‘’the Chairman said.

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Barrister Muhuyi Rimin Gado explained that the funds were drawn from the Kano state government as a grant to KASCO but was siphoned using a registered corporate association and a company business name of limestone.

“we have arrested eight suspects and are revealing credible information to the  commission , one of them said he was given certain amount to make false submission at KASCO, but kept the money aside waiting for a moment like this and has return the money”.

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“So far we’ve recovered the sum of Fifteen million naira and have succeeded in blocking about eighty million Naira.”

Rimin Gado said the commission is not satisfied on how some transactions were made between the companies and some banks , stressing that some bank managers may be invited to clear some issues.

He added that the commission would take the matter to court soonest.

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The Chairman appealed to the people of the state especially civil servants to forward valid information that would lead to the recovery of looted government properties , assuring them of their safety and confidentiality.

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