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Tag: Kolade Alabi

  • EFCC grills Alabi over alleged diversion of N5.2b ALGON funds

    EFCC grills Alabi over alleged diversion of N5.2b ALGON funds

    The Economic and Financial Crimes Commission, EFCC, has according to report, commenced the interrogation and investigation of a dissolved factional president of Association of Local Government of Nigeria, Hon. Kolade Alabi in a case of corruption and diversion of over five billion naira of the associations’ fund.

    According to reports, Alabi arrived the headquarters of the anti-graft agency in Jabi, Abuja on Monday and is currently being detained and grilled by operatives of the agency.

    Though details of the level of interrogation as at press time was still sketchy, but it was gathered that Alabi has a lot of case to answer to especially the diversion of five billion naira funds allocated to the association for the development of the 774 local government area.

    Meanwhile the Interim Management Committee had in an earlier report revealed that Alabi and his cohorts has continued to impersonate leadership of the association and also diverting funds meant for the association to their personal accounts for personal use as part of the funds which was traced to an account was opened with First Bank of Nigeria, through account number: 2034749191 could not be accounted for by the persons involved.

    Alabi who is currently backed by shadow parties in high places in the polity, leads a faction of ALGON and has been locked in a battle of supremacy with the Interim Management Committee (IMC) of ALGON led by the Chairman of Suleja LGA of Niger state, Hon Abdullahi Maje.

    However, the IMC reacting to the development on Tuesday, begged the anti-graft agency to ensure that justice is served and Alabi is made to return all the stolen loots belonging to the association as ALGON is a very sensitive body, which superintends over the affairs of the 774 constitutionally recognised local government areas in Nigeria hence whoever holds the rudder to its ship, should be accountable and transparent to all and sundry, especially the executive level.

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

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

    • Tinubu playing godfather to Alabi, says ALGON-IMC
    • Urges the anti-graft agency to ensure justice is served

    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.