Investigate Jonathan’s N100Bn Ranch Project, CACOL Tells EFCC, ICPC

The Centre for Anti-Corruption and Open Leadership, CACOL, has called on the anti-graft agencies (EFCC & ICPC) to to wade into the N100bn fund disbursed to some states in the federation (as repayable loans), to build ranches for modern processing of beef.

CACOL in a statement issued by the media and publications Officer, Toyin Odofin on behalf of the Executive Chairman, Debo Adeniran, stated that; “Against the background of revelations and claims made in certain quarters concerning the RUGA issue and its suspension by the Federal Government, it has become imperative for us as anti-corruption organization to lend our voice to the strident calls by some good spirited Nigerians to the effect that N100bn (One Hundred Billion Naira) that was disbursed in 2014 by the President Jonathan Administration as Agricultural loans to states, willing to build cattle ranches for modern processing of beef which would then be transported nationwide to consumers. This initiative was aimed at ending the bloodletting associated with cattle rearing in Nigeria; prevent roaming of cattle, increasing the production of beef and milk that will cut down the expenditure of $1.2bn a year on milk importation, among others.   

The CACOL Boss added, “Apparently, if these funds had been properly dispensed with for the very purpose it was meant for, the issue of another Rural Grazing Areas carved out should not arise. This is why we (CACOL) believe that it is imperative that those governors and individuals that benefitted from such loans should be made to refund the monies collected. This is necessary to encourage accountability and transparency and to also reflect the fact that government’s money was never free money and must be properly taken stock of. It is also germane for any future efforts of the government on this issue or any of its type, to be taken serious and not be seen as another conduit for syphoning public funds or settling political patronage. The Centre for Anti-Corruption and Open Leadership, CACOL therefore call on the anti-graft agencies to demand investigation into fund disbursed for the programme in other to recover every penny appropriated throughout the phase thereof.

Below is the press statement 

10th July, 2019

Press release

CACOL LENDS VOICE TO THE CALL ON ANTI-GRAFT AGENCIES TO INVESTIGATE N100BN FUND DISBURSED AS LOANS TO SOME STATES FOR CATTLE RANCHING IN 2014 BY THE PREVIOUS ADMINISTRATION

The Centre for Anti-Corruption and Open Leadership (CACOL) has called on the two anti-graft agencies in the country, the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other Related Offences Commission (ICPC) to wade into the N100bn fund disbursed to some states in the federation (as repayable loans), to build ranches for modern processing of beef.

In a release issued by the media and publications Officer, Toyin Odofin on behalf of the Executive Chairman, Debo Adeniran he stated that, “Against the background of revelations and claims made in certain quarters concerning the RUGA issue and its suspension by the Federal Government, it has become imperative for us as anti-corruption organization to lend our voice to the strident calls by some good spirited Nigerians to the effect that N100bn (One Hundred Billion Naira) that was disbursed in 2014 by the President Jonathan Administration as Agricultural loans to states, willing to build cattle ranches for modern processing of beef which would then be transported nationwide to consumers. This initiative was aimed at ending the bloodletting associated with cattle rearing in Nigeria; prevent roaming of cattle, increasing the production of beef and milk that will cut down the expenditure of $1.2bn a year on milk importation, among others.   

The CACOL Boss added, “Apparently, if these funds had been properly dispensed with for the very purpose it was meant for, the issue of another Rural Grazing Areas carved out should not arise. This is why we (CACOL) believe that it is imperative that those governors and individuals that benefitted from such loans should be made to refund the monies collected. This is necessary to encourage accountability and transparency and to also reflect the fact that government’s money was never free money and must be properly taken stock of. It is also germane for any future efforts of the government on this issue or any of its type, to be taken serious and not be seen as another conduit for syphoning public funds or settling political patronage. The Centre for Anti-Corruption and Open Leadership, CACOL therefore call on the anti-graft agencies to demand investigation into fund disbursed for the programme in other to recover every penny appropriated throughout the phase thereof.

The Boss added that, as a matter of urgency and national interest, the anti-graft agencies should wade in and bring whosoever is culpable to book without much ado so as to serve as a deterrent.

Toyin Odofin

Media and Publications Officer

3 thoughts on “Investigate Jonathan’s N100Bn Ranch Project, CACOL Tells EFCC, ICPC

  • April 8, 2021 at 4:11 pm
    Permalink

    81744 155497This really is one very interesting post. I like the way you write and I will bookmark your weblog to my favorites. 222559

  • April 20, 2021 at 3:12 am
    Permalink

    812797 897454very nice post, i surely enjoy this fabulous website, persist with it 17628

Leave a Reply

Your email address will not be published.

%d bloggers like this: