How El-Rufia govt. illegally transferred N4.8bn SUBEB funds to KADIPA, Ad-hoc committee reveals

Kunle Sanni 

An investigative panel report that examined the eight years administration of former Kaduna state governor Nasir Elrufia has revealed that a total sum of N4.8 billion was illegally transferred from State Universal Basic Education Board (SUBEB) account to Kaduna State Investment Promotion Agency (KADIPA) Indo-Kaduna SPV account.

The state assembly established an investigative report to look into contracts, loans, domestic debts, and finances.

Based on the report’s findings about alleged public fund misappropriation, the anti-graft agency, the EFCC, and other security agencies were advised to arrest and prosecute the former governor.

A SUBEB representative, Mubarak, was cited in the report as having verified the transaction in line with some of the findings and the Ad-Hoc committee interview session.

The report also revealed that the representative added that the money was returned to SUBEB because the financing partners had asked for it when they showed up for the routine audit.

“He further confirmed that the amount was refunded back to SUBEB as the funding partners came for the periodic audit and demanded that the funds be refunded back to SUBEB.

The findings, therefore, recommended and described the alleged act of corruption as “unethical” financial practice. It also stated that the development could tarnish the image of the state in the eyes of the counterpart partners.

Most importantly, this could lead to eventual loss of counterpart funding partners

This is wrong as the SUBEB funds are counterpart funding and restricted to only educational programs and activities of the state.