The Sokoto State Commission of Inquiry has initiated an investigation into the alleged sale of state shares valued at N16.1 billion during the tenure of former governor Aminu Tambuwal.
These shares were reportedly sold by Sokoto State Investment Limited, raising concerns about the management of the funds involved.
Speaking to journalists on Tuesday, September 17, after the panel’s session, lawyer Amanzi Amanzi stated that the commission was tasked with probing unaccounted funds from the sale of government shares between 2018 and 2023. Amanzi claimed that N16.1 billion from these sales remains unaccounted for, with N4 billion allegedly transferred to private and corporate accounts without proper justification.
Additionally, Amanzi revealed that the commission has received numerous memoranda from individuals and corporate entities concerning various issues, including land disputes and encroachments, which will also be investigated.
He said: “In 2018, the accountant-general of the state transferred all government shares to Sokoto State Investment Limited through an official letter.
“Between 2018 and 2023, these shares were sold, but the proceeds are unaccounted for. This commission has been called upon to investigate the sales and trace the whereabouts of the funds.”
