The Economic and Financial Crimes Commission has begun investigation into how N11 million allegedly taken by each of 33 ex-local government caretaker chairmen was spent to secure Oyo State against incursion by Boko Haram insurgents during the 2015 general elections.Premium Times gathered that the investigation followed a petition submitted to the commission revealing that the money was disbursed from the Local Government Stabilization Account to each of the 33 local government areas of the state.
The petition, which claimed that the ex-council chairmen took the money between March 23 and 25, 2015, was said to have also indicted the state government and its Ministry of Local Government and Chieftaincy Matters in the matter.
It was withdrawn in cash by the various caretaker chairmen and allegedly handed over to the then chairman of the Association of Local Government of Nigeria, ALGON.
Preliminary investigation by the EFCC was said to have revealed that the former council chairmen actually withdrew and spent various other sums without due authorisation and proper documentation.
Findings by Premium Times showed that
