The Independent Corrupt Practices Commission (ICPC) has revealed that it is investigating a state governor who received bailout fund but diverted the money.Mr. Ekpo Nta who is the chairman of the commission said this when he received students of the National Institute for Policyand Strategic Studies, who were on a study tour to the commission in Abuja.
27 states received bailout fund from the federal government in 2015 due to their inability to pay salaries and the ICPC revealed that it monitored the disbursement of the money.Nta said: “Last year, 27 states got bailout funds from the Central Bank of Nigeria, CBN. We decided to go into collaboration with the Nigerian Labour Congress, NLC, tomonitor the movement of the funds from the Central Bank of Nigeria to the final destination.“One state, where bailout funds were moved to three different accounts, is beinginvestigated and we will soon publish the outcome of our investigations''
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