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Labrish
Nyuuz
Daibu says N1bn loan covered salaries
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[QUOTE="Munyaradzi Mafaro, post: 32628, member: 636"] Former Kwara education board chairman Lanre Daibu told the court that a N1 billion loan from his agency paid worker salaries during hard times. He explained that the money helped the state when federal payments fell short under Governor Abdulfatah Ahmed. The board approved this emergency cash after receiving written promises it would come back later. Neither the governor nor Finance Commissioner Demola Banu signed any board accounts. The money went straight into government salary accounts rather than personal ones. The EFCC witness said Finance Commissioner Banu asked for help because the government was struggling with money shortages. They needed cash fast to pay workers plus pensioners waiting for their money. The loan agreement stated the government would repay everything from monthly revenue shares. Daibu left office before seeing any repayment happen. His four-year term ended early when officials dissolved the entire board. A retired finance ministry official confirmed these problems during his testimony. Benjamin Fatigun described how unstable federal allocations created payment difficulties across the state. The education board offered a quick solution to rescue the payroll situation. This emergency plan helped teachers, civil servants, plus retirees receive their checks. He confirmed that every penny went directly to salary accounts instead of private hands. [/QUOTE]
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Nyuuz
Daibu says N1bn loan covered salaries
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