The Kano State Public Complaints and Anti-Corruption Commission has commenced investigation concerning over N4 billion missing government funds from the state ,Kano Agricultural Supply Company (KASCO).
The Chairman of the commission, Mr Muhyi Rimingado, confirmed this when he led an investigation tour to the warehouses where alleged cars, heavy duty tractors believed to have been bought by the siphoned funds were been kept in Kumbotso Local Government Area of the state.
“We have arrested eight suspects who are revealing credible information to the commission. One of them said he was given certain amount to make false submission at KASCO, but kept the money aside waiting for a moment like this and he has voluntarily returned the money,” he said.
“The Association was meant to promote and take care of the living standard of the children of the less privileged people in the society, but unfortunately it has been turned into a machine stealing public funds,” he noted
The chairman explained that the funds were being drawn from the Kano State Government as a grant to KASCO, but was siphoned using the registered corporate association and a business name company of limestone.
“So far, we’ve recovered the sum of N15 million and have succeeded in blocking about N8 million,” he disclosed.
Rimingado said the commission was suspicious of how some transactions were being made between the companies and some banks, stressing that some bank managers may be invited to clear some issues.