EFCC tracks N388.3b London-Paris Club refunds

Consultants ‘got 2%’

Governors ‘shared 3%’

Seven governors have questions to answer in the alleged diversion of part of the N388.304billion London-Paris Club refunds into two accounts opened by the Nigeria Governors Forum (NGF), The Nation has
learnt.
The Economic and Financial Crimes Commission (EFCC) has uncovered N19billion in one of the accounts. The other is a domiciliary account, which contains a yet unspecified amount of money.
One of those invited for interrogation has admitted handing over a huge sum of money to a principal officer of the National Assembly after changing it into dollars, according to the preliminary report on the management of the refunds.

According to a source, who pleaded not to be named because he is not permitted to talk to the media, EFCC detectives discovered that while about 2% of the funds was paid to consultants who allegedly assisted in computing what was due to each state, 3% was shared by some governors under “curious circumstances”.
The source said: “The detectives have uncovered the two accounts opened in the name of the NGF and the signatories to same.
“We are looking into circumstances behind such huge deposits from London-Paris Club refunds into these accounts.
“The payment of 2% of the refunds to consultants and 3% to some governors which was rated as “curious” by investigators have been confirmed. We also discovered that some of the governors nominated these consultants.”
The source declined to name the seven governors, stressing that the details will be released as soon as the investigation is concluded.

Responding to a question, the source said one of those questioned actually admitted that he changed some of the funds into dollars and handed it over to a principal officer of the National Assembly.
Besides, he insisted that the EFCC had no any agenda against the governors, adding: “It has no basis to run the NGF down at all, but you should know that the Presidency is interested in how these London-Paris Club refunds were spent.

“We know the governors have immunity, but certainly NGF does not enjoy such constitutional protection. We are looking at what informed the transfer of such funds into the accounts of the NGF and for what purposes.
“Once the purposes are in line with statutory financial regulations and the EFCC is satisfied, the case is closed. But where there are cases of diversion and stealing of public funds, the law will take its course.”
The Federal Government released N388.304billion of the N522.74 billion funds to 35 states as refunds of overdeductions on London-Paris Club loans.

States on top of the list with huge reimbursements are those controlled by the opposition Peoples Democratic Party (PDP) contrary to their claims of being oppressed by the administration of President Muhammadu Buhari.
The big earners are Akwa Ibom, Bayelsa, Rivers, Delta, Katsina, Kaduna, Lagos, Imo, Jigawa, Borno, Niger, Bauchi,and Benue.
Only Kano State and the FCT did not benefit from the reimbursement.
Ondo was only paid 50 per cent of its refunds (N6,513,392,932.28) because of leadership change in the state which will soon lead to the inauguration of the Governor-elect, Mr Rotimi Akeredolu.
A breakdown of the list of top beneficiaries of the refunds is as follows:
Akwa Ibom – N14,500,000,000.00;
Bayelsa – N14,500,000,000.00; Delta—N14,500,000,000.00;
Katsina -N14,500,000,000.00;
Lagos – N14,500,000,000.00;
Rivers-N14,500,000,000.00;
Kaduna – N14,362,416,363.24;
Borno-N13,654,138,849.49;
Bauchi – N12,792,664,403.93;
Benue – N12,749,689,453.61; Sokoto—N11,980,499,096.97;
Osun– N11,744,237,793.56;
Anambra– N11,386,281,466.35;
Edo– N11,329,495,462.04;
Cross River – N11,300,139,741.28;
Kogi – N11,211,573,328.19; and
Kebbi – N11,118,149,054.10.

The Federal Government reached a conditional agreement to pay 25% of the amounts claimed, subject to a cap of N14.5 billion to any given state.
Balances due thereafter will be revisited when fiscal conditions improve.
“Mr. President’s overriding concern is for the welfare of the Nigerian people. considering the fact that many States are owing salaries and pension, causing considerable hardship,” the government said.
THE NATION had exclusively reported that the presidency was uncomfortable with the funds management by governors.
A source in the Presidency, who spoke in confidence, said: “President Muhammadu Buhari has lived up to his pledge to ease salary crises in all the states by releasing N388.304billion to 35 states.

“The agreement between the Federal Government and the governors was very clear. While 50 per cent of the amount released shall be used to offset outstanding salary and pension arrears, the remaining 50 per cent would be used for the payment of other obligations.
“Some governors have however reneged on this agreement. Security reports available to the Presidency showed that Governor Ayodele Fayose paid only one month out of eight-month salary arrears.
“The governor went ahead to pay a curious 13-month salary to Ekiti workers. Yet, he got N8.877billion refund.
“Instead of accounting for what he used the loan refund for, he attacked the Federal Government on hardship in the country. The relevant agencies are monitoring development in Ekiti and some states.”

Responding to a question, another source in government said: “It is however unfortunate that some governors underdeclared the refunds made to them. Some of them were also discovered to be giving spurious analysis to cover up the actual figures.
“In fact, some states changed the agreement overnight. A state said the President asked states to use at least 25 per cent of their London and Paris Club refuns to offset salary arrears.”


http://thenationonlineng.net/seven-governors-linked-n19b-bank-account/

Corruption, major reason why magu confirmation will be so difficult.
Lalasticlala, mynd44

The chairman should come and defend himself. Nigerian is too messy. One thing I like about the PMB regimen is that they are harassing these looters even though they aren't convicting them. It's better than nothing.

I just hope Aregbesola is not one of them

The guy dey try pass make PDP come use am rub am after him administration

And dem dey say this country go better

jumobi1:
The chairman should come and defend himself. Nigerian is too messy. One thing I like about the PMB regimen is that they are harassing these looters even though they aren't convicting them. It's better than nothing.

which looters are they harassing? They are harassing but not convicting,so what is the point if not for political selfish interest? The massive looting going on right now surpasses all that in previous governments summed up together. Don't worry ,you will soon realize what we are talking about

GMBuhari:
I just hope Aregbesola is not one of them

The guy dey try pass make PDP come use am rub am after him administration

Baba Kabiru's case is special.
He should be locked up and the key thrown into the lagoon.
How can the man be eating all Osun state's money and unable to pay salaries and pensions all these months



www.nairaland.com/attachments/2042395_b7fvnpiiaabroh_jpeg81b2c4466e71003dbe03de8be0975de0

Firefire:
Gov. Rauf Aregbesola admits to ONLY N7b increase and not N11.5b in the Airport Contract, and the future of Osun state mortgaged till 2034 (Next 18 Years).

Well-meaning Nigerians should please ask Raufu Aregbesola what is the paramount need of an airport in Osun while the nearest airport at Ibadan, 45 Minutes drives away is grossly underutilized?

Osun state civil servant are dying of starvation and the governor's wisdom is to inflate/increase building airport that serves no economic benefit for the workers being owned 4-8 months’ salary?

Call a spade a spade, ohun ti o da, ko ni oruko meji, koda ni, 'Ole is Ole, barawo is barawo' - GEJ...

Modath, and the rest Omoluabi's, se eleyi bo jumu bi ?



www.nairaland.com/attachments/3313876_inflatess_jpegedf527ceff41723c0a8e914a1c8e7dc8

onatisi:
which looters are they harassing? They are harassing but not convicting,so what is the point if not for political selfish interest?
The massive looting going on right now surpasses all that in previous governments summed up together. Don't worry ,you will soon realize what we are talking about

Many are too irrational to ask why we have recession despite all the billions of $$$$$$$$$$ recovered and the trillions in budget for 2015, 2016 and 2017.
Why are we 200 million mumus in this country

STFUand4kMeHARD:
Looted Funds: FG Recovers N3.4 Trn Cash, Assets – Amaechi


Source: http://www.vanguardngr.com/2016/09/looted-funds-fg-recovers-n3-4-trn-cash-assets-amaechi/

FG Saves Over N3 Trillion through TSA
March 24, 2016


Source: http://www.thisdaylive.com/index.php/2016/03/24/fg-saves-over-n3-trillion-through-tsa/

gabydaniels:
Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo


Source: http://www.thisdaylive.com/index.php/2016/08/26/osinbajo-we-have-saved-n1-4tn-by-not-paying-fuel-subsidy/

www.nairaland.com/attachments/4274093_50n_jpeg66612b82f19bacce57a72fd3b44895c8

anonimi:


Many are too irrational to ask why we have recession despite all the billions of $$$$$$$$$$ recovered and the trillions in budget for 2015, 2016 and 2017.
Why are we 200 million mumus in this country














www.nairaland.com/attachments/4274093_50n_jpeg66612b82f19bacce57a72fd3b44895c8

Infact my brother I taya ooo. Majority of Nigerians are just too dumb . They cant even think and ask sensible questions ,they just follow their political leaders like ileya rams ,even ileya rams at times think and turn back

onatisi:
Infact my brother I taya ooo. Majority of Nigerians are just too dumb . They cant even think and ask sensible questions ,they just follow their political leaders like ileya rams ,even ileya rams at times think and turn back

It is terrible oh.
And the suffering & smiling continues while many complain without looking at their LGA chairman, councillors and lawmakers to do their job in addition to the president and governor.






www.nairaland.com/attachments/3084794_DumbPeople_jpg287f2b4d3ead2f536f99f92cbca9c590

Sorry Nigeria, you are already messed-up.

anonimi:


It is terrible oh.
And the suffering & smiling continues while many complain without looking at their LGA chairman, councillors and lawmakers to do their job in addition to the president and governor.


[img]http://1.bp..com/-ajkjQRXXggE/T6gh7ezsCdI/AAAAAAAAAi4/gYEXKksi5Uo/s1600/follow+the+leader.jpg[/img]



www.nairaland.com/attachments/3084794_DumbPeople_jpg287f2b4d3ead2f536f99f92cbca9c590

The truth is Nigeria is a terribly sick country with a terribly sick president controlling and ruling over majorly terribly sick ppl.

onatisi:
which looters are they harassing? They are harassing but not convicting,so what is the point if not for political selfish interest? The massive looting going on right now surpasses all that in previous governments summed up together. Don't worry ,you will soon realize what we are talking about

The way some irresponsible elements defend this fraudulent administration is surprising.

Nigerian too corrupt

Stealing is not a corruption

Can we just kill all these politithiefians?

Politicians daily mentality Is to cache funds as there is no restrain to there theft acts. It is well!!!!

Sighs....

You mean all these monies have been collected.... and some govvernors are unable to pay salaries?

Why is Ajimobi not there?

Why will Katsina get 14.5billion wahali baba jst did PDP in APC.
But do ds pple think they will spend Money in Heaven? Theives evry where in Nigeria.

Criminals everywhere...

jcflex:

EFCC tracks N388.3b London-Paris Club refunds

Consultants ‘got 2%’

Governors ‘shared 3%’

Seven governors have questions to answer in the alleged diversion of part of the N388.304billion London-Paris Club refunds into two accounts opened by the Nigeria Governors Forum (NGF), The Nation has
learnt.
The Economic and Financial Crimes Commission (EFCC) has uncovered N19billion in one of the accounts. The other is a domiciliary account, which contains a yet unspecified amount of money.
One of those invited for interrogation has admitted handing over a huge sum of money to a principal officer of the National Assembly after changing it into dollars, according to the preliminary report on the management of the refunds.

According to a source, who pleaded not to be named because he is not permitted to talk to the media, EFCC detectives discovered that while about 2% of the funds was paid to consultants who allegedly assisted in computing what was due to each state, 3% was shared by some governors under “curious circumstances”.
The source said: “The detectives have uncovered the two accounts opened in the name of the NGF and the signatories to same.
“We are looking into circumstances behind such huge deposits from London-Paris Club refunds into these accounts.
“The payment of 2% of the refunds to consultants and 3% to some governors which was rated as “curious” by investigators have been confirmed. We also discovered that some of the governors nominated these consultants.”
The source declined to name the seven governors, stressing that the details will be released as soon as the investigation is concluded.

Responding to a question, the source said one of those questioned actually admitted that he changed some of the funds into dollars and handed it over to a principal officer of the National Assembly.
Besides, he insisted that the EFCC had no any agenda against the governors, adding: “It has no basis to run the NGF down at all, but you should know that the Presidency is interested in how these London-Paris Club refunds were spent.

“We know the governors have immunity, but certainly NGF does not enjoy such constitutional protection. We are looking at what informed the transfer of such funds into the accounts of the NGF and for what purposes.
“Once the purposes are in line with statutory financial regulations and the EFCC is satisfied, the case is closed. But where there are cases of diversion and stealing of public funds, the law will take its course.”
The Federal Government released N388.304billion of the N522.74 billion funds to 35 states as refunds of overdeductions on London-Paris Club loans.

[b]States on top of the list with huge reimbursements are those controlled by the opposition Peoples Democratic Party (PDP) contrary to their claims of being oppressed by the administration of President Muhammadu Buhari.
[/b]The big earners are Akwa Ibom, Bayelsa, Rivers, Delta, Katsina, Kaduna, Lagos, Imo, Jigawa, Borno, Niger, Bauchi,and Benue.
Only Kano State and the FCT did not benefit from the reimbursement.
Ondo was only paid 50 per cent of its refunds (N6,513,392,932.28) because of leadership change in the state which will soon lead to the inauguration of the Governor-elect, Mr Rotimi Akeredolu.
A breakdown of the list of top beneficiaries of the refunds is as follows:
Akwa Ibom – N14,500,000,000.00;
Bayelsa – N14,500,000,000.00; Delta—N14,500,000,000.00;
Katsina -N14,500,000,000.00;
Lagos – N14,500,000,000.00;
Rivers-N14,500,000,000.00;
Kaduna – N14,362,416,363.24;
Borno-N13,654,138,849.49;
Bauchi – N12,792,664,403.93;
Benue – N12,749,689,453.61; Sokoto—N11,980,499,096.97;
Osun– N11,744,237,793.56;
Anambra– N11,386,281,466.35;
Edo– N11,329,495,462.04;
Cross River – N11,300,139,741.28;
Kogi – N11,211,573,328.19; and
Kebbi – N11,118,149,054.10.

The Federal Government reached a conditional agreement to pay 25% of the amounts claimed, subject to a cap of N14.5 billion to any given state.
Balances due thereafter will be revisited when fiscal conditions improve.
“Mr. President’s overriding concern is for the welfare of the Nigerian people. considering the fact that many States are owing salaries and pension, causing considerable hardship,” the government said.
THE NATION had exclusively reported that the presidency was uncomfortable with the funds management by governors.
A source in the Presidency, who spoke in confidence, said: “President Muhammadu Buhari has lived up to his pledge to ease salary crises in all the states by releasing N388.304billion to 35 states.

“The agreement between the Federal Government and the governors was very clear. While 50 per cent of the amount released shall be used to offset outstanding salary and pension arrears, the remaining 50 per cent would be used for the payment of other obligations.
“Some governors have however reneged on this agreement. Security reports available to the Presidency showed that Governor Ayodele Fayose paid only one month out of eight-month salary arrears.
“The governor went ahead to pay a curious 13-month salary to Ekiti workers. Yet, he got N8.877billion refund.
“Instead of accounting for what he used the loan refund for, he attacked the Federal Government on hardship in the country. The relevant agencies are monitoring development in Ekiti and some states.”

Responding to a question, another source in government said: “It is however unfortunate that some governors underdeclared the refunds made to them. Some of them were also discovered to be giving spurious analysis to cover up the actual figures.
“In fact, some states changed the agreement overnight. A state said the President asked states to use at least 25 per cent of their London and Paris Club refuns to offset salary arrears.”


http://thenationonlineng.net/seven-governors-linked-n19b-bank-account/

I am really trying to understand the rationale behind the bold part. Are they already roping in the governors of the PDP controlled states? Cos I am not understanding

the reason why they are against magu confirmation is not just the senator problem but the governor as efcc are exposing Thier ass even judges are also corrupt to support the fight against corruption,fayose will be Thier chairman as far the governor forums are concern,thieves ,#istandwithmagu#

Delta state figure supposed to be d highest cos d immediate past governor did nofin in d state.

i pray that kogi state governor is among them oo..
it has been 14th months nw he has not finish is screening scheme n he is not paying civil servant...