The Sokoto State Commission of Inquiry has received a memo, asking her to investigate the state’s shares sold at N16.1 billion which was not accounted for.
The shares were said to have been be transferred via a letter signed by the Accountant General of the state to the Sokoto State Investment Limited which sold them up.
According to the counsel of the Commission, Amanzi F Amanzi, the commission was called upon to investigate the alleged sales of the state’s shares by the company.
“Sometime in 2018, the Accountant General transferred all the government shares through a letter to the Sokoto state Investment Limited.
“And between 2022 to 2023 these shares were sold and unaccounted for.
“So the commission has been called upon to investigate the sales of these shares and whereabouts of the money.
“Based on the content of the memo, a total of N16.1 billion Naira is alleged to be unaccounted for.
“And N4 billion out of the money was said to be distributed to private and corporate accounts for just no cause,” he alleged.
