₦16.1 Billion Loot: I’m Only Aware Of ₦1.5 Billion

Abdussamad Dasuki

Abdussamad Dasuki, the former Commissioner for Finance in Sokoto State, under former Governor Aminu Waziri Tambuwal, has stated that he is only aware of ₦1.5 billion in the ₦16.1 billion alleged loot.

Recall that Governor Ahmad Aliyu Sokoto set up a commission of inquiry to investigate an alleged diversion ₦16.1 billion raised as shares from Sokoto State Investment Company.

The fund, amounting to ₦16.1 billion, was allegedly diverted by the administration of Senator Tambuwal.

Testifying before the Sokoto Commission of Inquiry on Monday, Dasuki said the shares raised and sold were done without his office’s involvement.

Dasuki explained that Sokoto Investment Company did the shares deal directly with Government House.

The current member of the House of Representatives for the Tambuwal-Kebbe federal constituency added that he was informed by the company’s managing director that the total value of shares sold was ₦3 billion

“I was informed by the managing director of the investment company that the total value of the shares was just over N3 billion,” Daily Trust quoted him.

Dasuki further told the commission of inquiry that “his office sought and received approval from the governor to raise ₦2 billion through the investment company to fund state projects, including the legacy project and obligations such as salaries and allowances.

“However, the company only deposited ₦1.5 billion into the accountant general’s account in two installments, ₦1 billion initially, followed by ₦500 million.

“To the best of my knowledge, that is all I am aware of regarding this matter.”