The Economic and Financial Crimes Commission (EFCC) has revealed that some of the looted N2 billion for Small and Medium Enterprise Development (SMED) in Kwara State has been traced to the account of a former First Lady in the state.
According to the antigraft agency, the former First Lady has so far refunded N3 million, but she has refused to report to the anti-graft agency for interrogation.
According to the ECCC, she claimed she was indisposed but silent on the nature of her illness and yet to presented any medical report.
The Nation reports that the commission might stop her from travelling abroad under any guise and a royal father, who was given N78 million out of the N2 billion, might be arrested for refusing to refund the slush funds.
It was further revealed that that one of the market women used a share of her illicit allocation to organise the disruption of Tradermoni outing in Ilorin by Vice President Yemi Osinbajo.
According to the report, the ex-First Lady illegally collected cash from the N2 billion which she diverted to her foundation instead of using the cash for SMED.
“Our detectives are on the trace of the ex-First Lady. We accorded her much respect but she has been avoiding interrogation.
“Without honouring our invitation, she later sent the director of her foundation to refund N3 million to EFCC. But we need her to come for interaction on the looted funds traced to her. She is claiming to be sick but no evidence of any medical report.
“If she does not appear before EFCC detectives, we are going to watch-list her and prevent her from travelling abroad,” an unnamed source revealed.
According to the source, some of the suspects already quizzed have implicated the ex-First Lady. and there is also evidence of allocation of funds from the N2 billion for SMED to her account.
“Selected and influential market men and women across the 16 local government areas of the state received N5 million each as loans but did not payback.
“One of the market women used a share of her illicit allocation to organise the disruption ofTradermoni outing by Vice President Yemi Osinbajo.
“About 50 percent of the controversial loans were shared by highly placed individuals and selected businessmen and women at the expense of other beneficiaries.”