How Jang Withdrew N16.7bn Without Trace

It was revelation time, Tuesday, at the probe panel of enquiry set up by Plateau State Government to look into the affairs of the past government of Jonathan Jang, who was Governor between 2007 and 2015.
At the sitting Tuesday, a chasier explained to the commission how he withdrew N16.7bn cash for former Governor, Jang.
Yusuf Pam, a former cashier attached to the office of the Secretary to the State Government, told the panel how he withdrew the N16.7bn Acting on “executive directive from the former Governor ”.
He told the commission that he was given security backup to withdraw the cash, and disclosed that each withdrawal was “usually a maximum of N150 million, which is always delivered to the governor”.
The Judicial Commission of Inquiry has since said the money was not accounted for by the past administration.
The commission was set up to probe Mr. Jang’s eight years as Plateau Governor .
The chairman of the commission, Stephen Adah, while analysing the contents of the memo, observed that the N16.7 billion was withdrawn by Pam.
Kelvin Bamshak, former Director, Finance and Supply, Office of the SSG, while standing as a witness, told the commission that the N16.7bn was a “classified expenditure”.
Bamshak said that the purpose for the withdrawal, and how it was expended, was only known by the Jang.
He also revealed that N100 million was released as running cost to `Operation Rainbow’, a security outfit established by Mr. Jang, to complement the police and the Special Task Force, in addressing lingering security issues.
The commission also observed that another N5 million was withdrawn via the Automated Teller Machine in 2010, and revealed that the money could not be traced to anyone as no beneficiary was identified.

Author: News Editor

9832 stories / Browse all stories

Related Stories »

Provide your email below, and we will notify you the latest news freely.


calendar »

November 2016
« Oct   Dec »