Revealed! Kolade Alabi evading arrest after diverting N5.2B ALGON funds

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The Interim Management Committee of Association of Local Government of Nigeria on Sunday, revealed that Hon. Alabi Kolade, the de facto leader of the association, has been evading arrest after diverting funds meant for the development of the association.

According to the IMC, Alabi had refused to adhere to invitations of the economic and financial crimes commission after he impersonated as leadership of the association diverting over 5.2 billion naira belonging to the 774 local government areas of the association, to which he doesn’t belong to any

Recall earlier report had it that the erstwhileNational President ALGON was vacated by a court and ordered not to parade himself as leadership of the association after it was discovered that he is an LCDA chairman in Lagos State and not a local government chairman of any the 774 local government which is the criteria for a presidential position as stipulated by the constitution guiding the association.

Further report has it that Alabi since the inception of crisis, has neither been seen at the associations headquarters or even in the Federal Capital Territory. He is also alleged to have the backing of Bola Ahmed Tinubu, who was the former governor of Lagos state and current national leader of the All Progressive Congress.

The IMC revealing the Alabi has overtime set up a team of individuals to continue to flout court orders through an in substantive court however expressed optimism, that the EFCC having shown its thirst for justice and transparency under its new leadership, would eventually bring Alabi to book as theyare in possession of documental evidence exposing how Alabi kolade and Hajiya Binta Bello diverted and shared the monies belonging to the association from account number2034749191bank-First Bank of Nigeria.

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