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Bankole, Nafada approved N60.4b annually to Reps, witnesses tell court

Published by Nigerian Compass on Tue, 22 Nov 2011


Two witnesses brought by the Economic and Financial Crimes Commission (EFCC) yesterday told a High Court of the Federal Capital Territory (FCT) that former Speaker of the House of Representatives, Dimeji Bankole, and his deputy, Usman Bayero Nafada, unilaterally increased allowances of members from N17 million to N42 million per quarter, amounting to N60.480 billion annually.At the resumed hearing of the case before Justice Sulaiman Belgore, the two witnesses, Adeniyi Adebayo and Ibrahim Ahmed who were led by prosecution counsel, Festus Keyamo, gave a testimony, explaining how the Bankole and Nafada-led House approved the increment and took a loan of N42 billion from two banks to fund the increment. Besides, the witnesses said that Bankole and Nafada diverted the excess accruing from the loan into their personal accounts.
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