The Judicial Commission of Inquiry into the activities of the
immediate past administration sitting in Jos, has ordered the Zennith
Bank Plc, Beach Road branch to submit statements of account and also
explain the dramatic transfer of over two billion naira meant for
Plateau State Micro Finance Development Agency (PLASMIDA) to Project
Account one (1) within three days.This order came when the protem General Manager of PLASMIDA, Mr.
Sylvester Chuwang Davou, appeared before the Commission at the Azi Nyako
Youth Centre Dadin-Kowa to explain the inexplicable remittance of
CBN-Small and Medium Enterprises Exposure Funds to Project Account one
account instead of PLASMIDA account to carry out what it was intended
for was not formalized.
Mr. Davou said the N2bn SME Funds was remitted into account are given
approval by the then Governor Jonah Jang, because establishment of
PLASMIDA what prompted the CBN to stock the Funds into the said account
he cannot tell as he was not a signatory to the account to have signed
for the transfer of the said funds.
He said, the former Commissioner for Finance, Hon. Davou Chomo Mang and
Former Accountant General Mr. Boyi Sauka would be in a better position
to explain on that.
the N2billion was part of the N220billion Federal Government
Intervention Funds from CBN-SME to Micro-Finance Banks disbursed to
states across the country that came at the tail end of the last
administration in March 2015 to address issues that had to do with the
plight of Nigerians.
However, when the former Plateau State Commissioner for Finance appeared
before the commission to explain how the fund meant for PLASMIDA was
transferred and used, he said, the fund was borrowed by the state
Government through Governor Jang’s directive to address some pressing
issues because the Agency had been in limbo pending its formalization.
What The Nigeria Standard could not comprehend was the transfer of the
N2b to the PLASMIDA account which was said to have no account for three
days and back to Project Account 1 account in the closing months of the
administration.
Meanwhile, the Chairman of Commission Hon. Justice Stephen Adah (JCA),
has warned that any attempt to feed the commission with false story or
statement by anybody appearing before the commission would attract a
charge to a regular court without mercy, hence the need for those
appearing to say nothing but the truth.
The Nigeria Standard