The Sokoto State Government has submitted a petition to the state commission of inquiry, accusing the previous administration led by Senator Aminu Waziri Tambuwal of misappropriating N16.1 billion in shares.
These shares were reportedly sold through the Sokoto State Investment Company between 2018 and 2023, with the proceeds allegedly unaccounted for.
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Amanzi Amanzi, the commission’s counsel, revealed that the petition, filed by Permanent Secretary Abdullahi Yabo, requests an investigation into the transfer and sale of the state-owned shares and the missing funds.
According to Amanzi, the petition alleges that all government shares were sold during Tambuwal’s tenure, but the resulting funds were not properly recorded.
“The petition highlights that the state’s shares were transferred to the Sokoto State Investment Company Limited in 2018, and over the next five years, the shares were sold without clear documentation of the proceeds,” Amanzi explained.
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Additionally, the petition claims that N4 billion of the proceeds may have been distributed through private and corporate accounts.
The commission is also addressing other petitions related to land issues, encroachments, and similar concerns.
