How Former Gov. Suswam Squandered N274million in Two Days
Investigators are stunned at the discovery that between January 12 and 14,
2015, former Governor Gabriel Suswam squandered a whooping sum of
N274million, Pointblanknews.com has been informed.
Sources familiar with the investigation of the former Governor said
N274million from the expenditure account of the State was withdrawn on the
orders of the former Governor under “frivolous overheads.”
The N274million according to investigators who confided in
pointblanknews.com under a condition to remain anonymous, is from the sum
of N48Billion which represented proceeds from the sales of shares by the
Benue Investment and Property Company, BIPC.
Investigations by our reporter reveal that within the periods of 12th to
14th January 2105 the Suswam – led administration had spent over 274
million on such frivolous overheads all drawn from the expenditure account
whence part of the proceeds from the sale of shares was deposited as
directed by the former Commissioner of finance.
A breakdown of the frivolous expenditure from the sales which was
deposited into the Zenith Bank account number 1013852648 is as follows:
? 17/10/2014 – 60 Million spent on Military Retreat
? 14/11/2014- 200 Million spent on Government House Expenditure
? 20/11/2014- 45 Million spent on Government House Expenditure
? 12/1/2015- 128 Million spent on Government House Expenditure
? 13/1/2015- 100 Million Spent on Government House Expenditure
? 14/1/2015- 17 Million spent on Government House Expenditure
? 16/1/2015- 29 Million paid to UBA Capital
The payments, according to investigators were made in cash
Investigators confirmed that while the state had raised nearly N9Billion
from the sale of state owned stock at the Benue Cement Company (BCC), One
billion out of the total sum was paid into BIPC account.
It was gathered that the then Finance Commissioner, Omadachi Oklobia who
was interrogated by the Economic and Financial Crimes Commission, EFCC,
last week had directed that the money be domiciled into two other accounts
: 1013852648 and 1013677218 all operated at Zenith Bank.
Investigators discovered that the Zenith Bank Account with number
1013677218 account was not government owned.
The EFCC had today arrested former Governor Suswam over allegation of
corruption and fraud during his eight year term as Governor from 2007 to
2015.
Pointblanknews.com gathered that Suswam arrived the EFCC office at about
10am today and was immediately quizzed over the allegations against him.
At the time of filing this report, the former Governor is still being held
by the anti-graft agency.
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