Investigations have emerged that the Economic and Financial Crimes Commission, (EFCC) may soon extend its operation to the Independent National Electoral Commission, (INEC) in Kwara State over alleged financial misappropriation and embezzlement to the tune of over N 60 million.
Findings by ROYAL NEWS revealed that the INEC KWARA Cooperative Thrift and Credit Society under the leadership of Mr. Gambo Suleiman Abubakar, was caught in a massive financial discrepancies, fraud and misuse of members fund unduly.
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Other members of the immediate past executive council of the union are; Mr. Umar Sufian (Secretary) and Issa Dauda (Treasurer) among others.
According to sources, “As the signatory to the society’s account, the three officers sideline other members of the executive and committees by investing society’s money in business without due process, purchase of highly overpriced property at Malete without due process and direct transfer of society’s money to their personal accounts.
“As at the time of their suspension, about 10 months ago, Mr. Sufian has moved over N35m to his account, about N 10 million passed through Issa Dauda’s account. This really making life miserable and difficult for members who have the life-savings with the union while others are looking up to the money to cater for life after service (retirement period).
The source further said that, “The Resident Electoral Commissioner, INEC KWARA, Malam Garba Attahiru Madami, actually set up two committees late last year, first committee is to probe and uncover the affairs of the past executive and the second committee is to stabilize the society.
“The REC promised to address the cooperators and assured them that he would assist them recover their money from the management team. But it’s almost a year now and nothing tangible is going on. READ ALSO:SAD…. Another traditional ruler killed by gunmen
“Some staff are of the opinion that the REC and the management staff of INEC KWARA are compromised already.”
All efforts made to get the reaction of the former President of the Union, Mr. Gambo as at the time of filing this report proved abortive as several calls put across to his telephone number 08036093130 did not go through.
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