How Bankole, Nafada approved N60bn to Reps, witnesses tell court

A High Court of the Federal Capital Territory was yesterday told how former Speaker of the House of Representatives, Dimeji Bankole and his deputy, Usman Nafada, unilaterally increased allowances of members from N17 million per quarter to N42 million, amounting to N60.480 billion annually.

Demeji Bankole and Alhaji Usman Bayero Nafada,

At the resumed hearing of the case before Justice Sulaiman Belgore, two witnesses, Adeniyi Adebayo and Ibrahim Ahmed, led by prosecution counsel, Festus Keyamo, explained how the Bankole and Nafada-led House of Representatives approved the increment and took a loan of N42 billion from two banks to fund the increment.
Besides, the witnesses said Dimeji and Nafada diverted the excess accruing from the loan into their personal accounts.
One of the prosecution witnesses, Ibrahim Ahmed, an EFCC investigating officer, told the court that United Bank of Africa, UBA, and First Bank funded the illegal increment. He said the first loan taken from UBA without recourse to due process was N10 billion, which was rolled over thrice and another N12 billion from First Bank.
Ahmed told the court that upon investigation, letters were written to the Clerk of the National Assembly, Revenue Mobilisation Allocation and Fiscal Commission, Salaries and Wages and Incomes Commission, Secretary to the Government of the Federation, SGF, UBA Plc and First Bank of Nigeria plc with regard to the allegations.

He further told the court that another letter was written to the Clerk of the NASS to provide the minutes of meeting held by the principal officers of the House, internal memos between the Clerk and the then Speaker concerning the loan collected from UBA and First Bank, payment schedule sent to the banks from the House, agreement(s) between the House and the banks and any House resolution concerning the loan matter.
Ahmed also told the court that because the tenure of the Bankole-led administration was nearing its end and the facility was yet to be repaid, UBA held unto the allocation of the House from the Federation account; which starved the house of funds, a development that led to the last loan of N12 billion taken from First Bank.
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