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.
#kingdom#inspiration
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