The Sokoto State Commission of Inquiry has launched an investigation into the sales of the state’s shares worth N16.1 billion by the Sokoto State Investment Limited during the tenure of the immediate past Governor, Aminu Tambuwal.
The investigation was instituted because the administration of Tambuwal could not account for the N16.1 billion
Counsel to the Commission, Amanzi F Amanziz said in a Media briefing that the commission was therefore called upon to investigate the sales of the shares of the company and to ensure that the proceeds was accounted for.
He said “Sometime in 2018, the Accountant General transfered all the government shares through a letter to the Sokoto State Investment Limited. And between the period of 2022 to 2023 these shares were sold and unaccounted for.
“So the commission has been called upon to investigate into the sales of these shares and whereabout 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 said.