Ebonyi Govt Launches Probe into N2bn CBN Agric Loan


Ebonyi state government says it has commenced probe into the disbursement of N2billion Central Bank of Nigeria (CBN) commercial agricultural credit scheme for 2016 dry and wet season rice farming in the state.

The state Attorney-General and Commissioner for Justice, Chief Cletus Ofoke, who disclosed this in Abakaliki the state capital while briefing journalists on the outcome of the state Executive council meeting, announced the a panel of inquiry headed by the Senior Special Adviser on Religion and Welfare, Rev Fr. Abraham Nwali, has been set up.

According to him, the government resolved that agencies and persons involved in the disbursement of the N2billion Agric loan would be summoned by the panel what a view to determining actually got farmers and how it was disbursed.

He said the inquiry became necessary following the difficulty in recovering the money from the beneficiaries since it was disbursed last year.

“Exco received a report from the Ministry of Justice headed by myself urging the Exco to approve that a commission of inquiry be set up to look into the activities to wit: disbursement, reimbursement and of course Agricultural activities that took place as a result of that loan of N2billion.

So, this report was received by Exco and approved that the Governor of the state who is the Chairman of Exco should set up a commission of inquiry to look into management, mismanagement or they like as the case may be.

“So, the Ebonyi state government through the Governor of the state has set up a commission of inquiry to look into the disbursement of N2billion CBN commercial Agricultural credit scheme for 2016 dry and wet season rice farming.

SSA to the Governor on Religion and Welfare, Rev, Fr. Abraham Nwali heads the Committee. By the provision of section 3(sub section 1) of the commission of inquiry laws of Ebonyi state of Nigeria 2009, the governor has power to so do.

We expect from the terms of reference and the mandate given to the committee that that report will be made public and to the Exco within four weeks.

“The Exco also resolved that whoever agencies, persons or they like who were directly or indirectly involved in the disbursement should be called upon to answer one or two questions what a view to determining whether the amount was dutiful spent to farmers; who and who got what”.





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