Adelani Adepegba, Abuja and Alexander OkereThere are strong indications that the Economic and Financial Crimes Commission is monitoring the bank accounts of various states to prevent outgoing governors from looting their state coffers. It was gathered that the bank accounts of many states, including that of Imo, Kano, Kwara, Lagos and others, might have been placed under special watch. Saturday PUNCH learnt that the monitoring of the states’ bank accounts was meant to prevent them from being depleted by governors. Investigations by the EFCC operatives revealed that the money was withdrawn from the state’s account domiciled with Sterling Bank. Speaking with journalists in Owerri on Thursday, Ihedioha said new transactions could promote illegal activities and put the state’s financial stability in jeopardy.

Source: Punch March 15, 2019 23:42 UTC