- The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has warned state governments not to tamper with or divert the bailout funds released for their respective states by the Central Bank of Nigeria (CBN) for the immediate payment of workers’ salaries.
- The commission said it would monitor the funds and how they are utilised in all the states that benefit from the bailout.
Of N338 billion set aside by the CBN to bailout states with unpaid workers’ salaries, N114.662 billion has been disbursed to 11 states of the Federation.
- The states that have received the funds are Osun, Zamfara, Kwara, Adamawa, Abia, Bauchi, Ebonyi, Gombe, Ondo, Kebbi and Niger.
Sixteen other states, which applied for the bailout will access the special intervention fund once they meet the criteria stipulated by the CBN.
- He vowed to ensure that the bailout funds are released for the purpose for which the CBN with the approval of the National Economic Council (NEC) offered the special intervention fund.