• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Thursday, October 22
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
      Featured

      How suspected ATM fraudster allegedly tricks customers into revealing PINs

      Crime & Security October 21, 2026
      Recent

      How suspected ATM fraudster allegedly tricks customers into revealing PINs

      October 21, 2026

      Presidential Working Group Submits Draft National Policing Bill For Review

      October 21, 2026

      2027: APC Presidential Campaign Council Creates New Directorate, Names Head of Youth And Women Mobilisation

      October 20, 2026
    1. News
      1. Photo News
      Featured

      I’m Sorry For Leaking Official Matters, ex-DSS Officer Begs DG, Colleagues

      News October 21, 2026
      Recent

      I’m Sorry For Leaking Official Matters, ex-DSS Officer Begs DG, Colleagues

      October 21, 2026

      War against Polio winnable, says Rotary Governor

      October 21, 2026

      First Lady Oluremi Tinubu to Inaugurate PBAT Door-to-Door Movement Abuja Headquarters Friday

      October 21, 2026
    2. Politics
        Featured

        2027: APC Presidential Campaign Council Creates New Directorate, Names Head of Youth And Women Mobilisation

        Politics October 20, 2026
        Recent

        2027: APC Presidential Campaign Council Creates New Directorate, Names Head of Youth And Women Mobilisation

        October 20, 2026

        Alli Warns Makinde Against Reckless Spending, Fresh Borrowing In Administration’s Twilight

        October 20, 2026

        Tompolo rallies support for Tinubu re-election in Gombe with 26 vehicles

        October 20, 2026
      1. Business
          Featured

          DMO raises N2.02trn as FGN bond yields rise to 17.29%

          Business October 21, 2026
          Recent

          DMO raises N2.02trn as FGN bond yields rise to 17.29%

          October 21, 2026

          Oyedele Unveils Capital Market Master Plan, SEC Targets $1trn Market by 2036

          October 19, 2026

          IXPN To Honor ITRealms Founder Remmy Nweke with Distinguished Contribution to Internet Journalism Award @20th

          October 19, 2026
        1. Crime & Security
            Featured

            Kidnappers demand N2.5m ransom, kill seven-year-old boy

            Crime & Security October 22, 2026
            Recent

            Kidnappers demand N2.5m ransom, kill seven-year-old boy

            October 22, 2026

            Army arrests 18-year-old over alleged pipeline vandalism

            October 21, 2026

            Man facing motorcycle theft charge allegedly steals N278,000, phone in custody

            October 21, 2026
          1. Sports
              Featured

              UCL: Osimhen inspires Galatasaray’s 4-2 comeback win over Lille

              Sports October 21, 2026
              Recent

              UCL: Osimhen inspires Galatasaray’s 4-2 comeback win over Lille

              October 21, 2026

              Super Falcons: How 10-time African Champions’ Tumbling FIFA Monthly Ranking Can Stop

              October 21, 2026

              LA28: Nigeria Joins Olympic Stakeholders at Pre-Games Meeting in Los Angeles

              October 21, 2026
            1. Intimacy
            2. About Us
              • Contact Us
              • Privacy Policy
              • Advert Rate
            3. More
              • Opinion
              • Lifestyle & Entertainment
              • Foreign News
              • Health
            Prompt News
            Home » N20bn Bailout: Kogi Governor Lied – Wada
            Politics

            N20bn Bailout: Kogi Governor Lied – Wada

            techBy techMay 2, 2016No Comments3 Mins Read
            Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
            Share
            Facebook Twitter LinkedIn Pinterest Email
            Ex-Governor Idris Wada
            Ex-Governor Idris Wada

            Immediate Past Governor of Kogi State, Captain Idris Wada has faulted reports credited to his successor, Alhaji Yahaya Bello on the status of the N20 billion bailout fund approved by the Central Bank of Nigeria (CBN) stating that there is no truth in the assertion that the new administration had to apply afresh for intervention fund from the Federal Government.

            In a statement issued in Abuja by Mr Phrank Shaibu, Chief Communications Manager to the former governor, Wada stated that it was part of the bailout fund approved for the state during his tenure that ‎the CBN released, adding that Governor Bello could not have fulfilled the conditions precedent for a state to benefit from such a fund.

            “It is curious that Governor Bello announced that the CBN has approved N20 billion as part of N50 billion bailout fund applied for. It was the same N50 billion we requ‎ested for out of which N20 billion was to have been released before the All Progressives Congress (APC) led Federal Government created bottlenecks to frustrate us from getting the bailout. But the coincidence in the figures leaves a very sour taste in the mouth”, he noted.

            The former Governor wondered how the new administration could have applied for a bailout when there is no state executive council in place to approve, neither has the State Assembly ‎met to deliberate on the application, nor the staff audit embarked on by Bello to determine exact overhead cost completed.

            “Since the advent of the new administration, Commissioners have not been appointed. So, can the state exec‎utive council have met to approve the application? The State House of Assembly has been in turmoil since January this year. Could some ghost lawmakers have been employed to approve the application? And has the current staff audit ended as to have determined the monthly workers pay? How was the so called fresh application done without meeting these conditions”, he asked.

            Captain Wada stated that notwithstanding the antics of the APC, Kogi workers and the entire nation was aware that his government was denied the bailout fund as an election strategy to deny him a second ‎term, adding that the incumbent state Chief executive knows that his days in the government house are numbered.

            Said he: “They plotted against me. The bailout fund was part of the strategy to deny me a second term in office. But their effort to play God failed. Time and fate played a fast one on them. And the man who claims to be the landlord knows that his days in government house are numbered. I know he cannot sleep with his two eyes closed.

            The flagbearer of the Peoples Democratic Party (PDP) in last year’s ‎gubernatorial election in Kogi State however expressed enthusiasm that he would soon return to Lugard House, Lokoja as he was sure the courts would rule in his favour soon.

            “Governor Bello should not rejoice for long. Justice would soon be served. Truth would soon ascend the throne. And I am sure that God has destined tha‎t I shall return to the government house. I have no doubt that the courts shall rule in my favour”, he declared.

            Wada advised Bello not to misinform the workers and the general public as he tried to do during the May 1st Workers Day in Lokoja on happenings in his administration, pointing out that it is cheaper to stick by the truth at all times, while noting that a clear conscience fears no accusations.

            CBN Federal Government Kogi State
            Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
            Previous ArticleN20bn Bailout: Kogi Governor Lied – Wada
            Next Article Wike Commends Rivers United
            tech

              Related Posts

              2027: APC Presidential Campaign Council Creates New Directorate, Names Head of Youth And Women Mobilisation

              October 20, 2026

              Alli Warns Makinde Against Reckless Spending, Fresh Borrowing In Administration’s Twilight

              October 20, 2026

              Tompolo rallies support for Tinubu re-election in Gombe with 26 vehicles

              October 20, 2026
              Add A Comment

              Comments are closed.

              Recent Posts
              • Kidnappers demand N2.5m ransom, kill seven-year-old boy
              • Tems Makes History With 30-Week Run on Billboard Hot 100
              • I Feared My Career Was Over After Gunshot Injury – Broda Shaggi
              • UCL: Osimhen inspires Galatasaray’s 4-2 comeback win over Lille
              • Super Falcons: How 10-time African Champions’ Tumbling FIFA Monthly Ranking Can Stop

              CONTACT INFORMATION

              Prompt News Online is published by PNO Dynamic Media Limited.

              Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

              Managing Editor/CEO: Akeem Oyetunji

              Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

              Phone/WhatsApp: +234806 286 2057
              Or 0805 386 6284

              ABUJA OFFICE: 
              Address: Suite D76, EFAB Mall
              Off Gimbya Street, Area 11, Garki, Abuja
              ABUJA BUREAU EDITOR: Harry Awurumibe
              Phone: 0803 302 4300
              Email: harryawurumibe360@gmail.com
              UK OFFICE:
              Address: 34 Skipper Court,
              Abbey Road, IG 11 7GW.
              Barking, London, UK.
              EDITOR EUROPE: Bolaji Oyegunle
              Phone +447878196776
              Email: gb10oyegunle@gmail.com
              © 2026 Prompt News Online. Designed by DeedsTech.
              • About Us
              • Contact Us
              • Advert Rate
              • Privacy Policy

              Type above and press Enter to search. Press Esc to cancel.