CBN, Accountant-General Contradict APC on Osun LG Funds
The Central Bank of Nigeria (CBN) and the Office of the Accountant-General of the Federation (OAGF) on Monday contradicted the Osun State chapter of the All Progressives Congress (APC) over the release of withheld allocations belonging to the state’s local government councils. The Osun APC had announced on Sunday that the funds had been released. However, at the Federal High Court in Abuja on Monday, counsel to the CBN, Murtala Abdulrasheed (SAN), and counsel to the OAGF, Tajudeen Oladoja (SAN), told the court that their clients had not released any money. The denial came after Musibau Adetunbi (SAN), counsel to the Osun State Government, told Justice Emeka Nwite that despite a subsisting order to maintain the status quo, the funds in dispute were unlawfully released last week to the APC-backed council chairmen. He alleged that the payments were made through special accounts opened for the disputed chairmen at the United Bank for Africa (UBA). Adetunbi explained that in res...