The Sokoto State Commission of Inquiry is currently investigating the alleged diversion of N16.1 billion resulting from the sale of state shares by Sokoto State Investment Limited during the administration of former Governor Aminu Tambuwal.
During a press briefing, the Commission’s counsel, Amanzi F. Amanziz, stated that the inquiry was initiated to examine the circumstances surrounding the sale of these shares.
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He noted that in 2018, the Accountant General transferred all government shares to Sokoto State Investment Limited. However, between 2022 and 2023, these shares were sold without proper accounting.
Amanzi emphasized that the commission aims to uncover the sales details and the whereabouts of the proceeds, which are alleged to total N16.1 billion.
He further claimed that N4 billion of this amount was improperly distributed to private and corporate accounts without justification.
Additionally, the commission has received complaints from individuals who had purchased land in Sokoto New City, which was later revoked by the current administration.
One complainant urged the commission to investigate their grievances, expressing hope for a just resolution.
