Skip to content
August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • N4bn loan: EFCC arrests, quizzes 16 Kwara LG chairmen over alleged misappropriation
  • National News

N4bn loan: EFCC arrests, quizzes 16 Kwara LG chairmen over alleged misappropriation

Admin November 2, 2019
EFCC

EFCC operatives

EFCC operatives

The Economic and Financial Crimes Commission (EFCC) on Friday said it had arrested 16 council chairmen in Kwara state over alleged misappropriation of N4 billion loan.

Spokesman of the Commission, Mr Wilson Uwujaren, said the suspects were currently being quizzed by its operatives at the Ilorin zonal office.

Uwujaren said that the local government chairmen included: Risikat Opakunle, Saidu Yaru Musa, Umar Belle, Ayeni Dallas, Fatai Adeniyi Garba, Lah Abdulmumeen, Raliat Funmi Salau, Aminat Omodara and Muyiwa Oladipo.

Others according to him include: Oladipo Omole, Abdullahi Abubakar Bata, Saka Eleyele, Lateef Gbadamosi, Oni Adebayo Joseph, Omokanye Joshua Olatunji and Jibril Salihu.

“It was gathered that the council chiefs after securing the controversial loan held a meeting and decided that one hundred million naira be shared among themselves.

“The suspects had on the February 7, 2018 wrote (sic) a N4billion loan request to the Ilorin Branch Manager of Sterling to pay the Salary Arrears of teachers.

“Teachers under the State Universal Basic Education Board (SUBEB) Local Government Staff and Local Government Pensioners,” he said

According to him, the embattled politician were also accused of diverting 10 per cent of the monthly internally generated revenue for their personal use.

He added that the money was paid directly into their personal accounts against the financial Regulations.

He stated that all the suspects had made useful statements while Investigation continues. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: EFCC Kwara LG chairmen Misappropriation Mr Wilson Uwujaren N4 billion loan

Post navigation

Previous Ajimobi neglected BCOS for 8 years, but I will transform it – Seyi Makinde
Next Brand growth: Like Konga, like Redeemed Church; there’s always a store near you

Related Stories

Troops rescue 14 kidnap victims, arrest 16 suspects Troops
  • National News

Troops rescue 14 kidnap victims, arrest 16 suspects

August 19, 2026
Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots children
  • National News

Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots

August 19, 2026
South African envoy dismisses reports of visa restrictions on Nigerians
  • National News

South African envoy dismisses reports of visa restrictions on Nigerians

August 19, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Troops rescue 14 kidnap victims, arrest 16 suspects Troops
  • National News

Troops rescue 14 kidnap victims, arrest 16 suspects

August 19, 2026
Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots children
  • National News

Wike Orders Probe of FCT Directors, Bans Use of Green Areas for Car Lots

August 19, 2026
Oil hits three-week high on uncertainty over Hormuz
  • Business & Economy

Oil hits three-week high on uncertainty over Hormuz

August 19, 2026
South African envoy dismisses reports of visa restrictions on Nigerians
  • National News

South African envoy dismisses reports of visa restrictions on Nigerians

August 19, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.