Kogi LG Funds Allegedly Misused in Fraud Scheme

A prosecution witness testified that companies involved in the alleged N110.4bn fraud used 'in-and-out' transactions to transfer Kogi Local Government funds. The witness, John Justice, stated that the Economic and Financial Crimes Commission (EFCC) reviewed bank records and CCTV footage to investigate the case.

Justice explained that footage from Access Bank and Zenith Bank showed customers did not take the cash recorded in the transactions. The witness emphasized that the banks confirmed these transactions were treated as in-and-out, according to the evidence.

The witness further noted that the EFCC recorded large cash withdrawals from the companies’ accounts, which raised suspicions about the movement of funds.