Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,195,589 members, 7,958,820 topics. Date: Thursday, 26 September 2024 at 03:27 AM |
Nairaland Forum / Nairaland / General / Politics / N500m Paris Club Cash Recovered From Governor (27822 Views)
Zamfara Govr Diverts N500m Paris Club Refund To Repay His Loan / Cash Recovered From Andrew Yakubu's Bunker In Kaduna By EFCC (Photos) / Over $1m Cash Recovered In Panel Member’s Home (2) (3) (4)
N500m Paris Club Cash Recovered From Governor by yns4real: 6:35am On Mar 14, 2017 |
EFCC grills more suspects Four more suspects have been grilled over the investigation of the N19billion illegally deducted from the London-Paris Club loan refund. Besides, about N500million of the cash has been traced to the account of a governor. Economic and Financial Crimes Commission (EFCC) detectives are probing how the money, which was meant to pay a consultant, found its way into the yet unnamed governor’s account. President Muhammadu Buhari will soon get an interim report on the scandal, The Nation learnt yesterday. Seven governors allegedly played key roles in diverting part of the N388.304billion refund into two accounts opened by the Nigeria Governors Forum (NGF). The EFCC is investigating the scam. A source, who pleaded not to be named because he is not allowed to speak on the matter, said: “In spite of the protestation of some governors, the EFCC has decided to conclude the ongoing probe of the N19billion diverted from the loan refund. “Detectives have grilled four more suspects and retrieved bank details on how funds were wired into some accounts. “EFCC operatives traced about N500million, which was meant for a consultant, to the account of a governor. The cash has since been paid back after the discovery. “The operatives are trying to determine whether or not the governor is also one of the consultants engaged for advisory service by the NGF. “The details of how the refunds were diverted will soon be made public, especially those involved,” the source said. Responding to a question, the source added: “The President is expected to get a status report from EFCC on the investigation. “It is a challenging moment for EFCC but its leadership is unwavering. Some of the beneficiaries of the N19billion have vowed to frustrate the confirmation of the Acting Chairman of EFCC, Mr. Ibrahim Magu, if he goes ahead with the probe.” A Presidency source, who spoke in confidence, said: “President Muhammadu Buhari, who is awaiting briefing, will not shield anyone implicated in the scandal. “The President had an understanding with NGF on what the refunds should be used for. He will not spare any infractions. When he saw the diversion coming, the Presidency issued a warning. “I think the ultimate goal of the Presidency is to recover the N19billion intact.” Seven governors have been fingered in the alleged diversion of the cash. Two accounts (a naira account and a domiciliary account) were used to disburse the controversial cash by the NGF. Apart from the payment of 2 per cent of the refunds to consultants, about 3 per cent was shared out to some governors. Investigators described this as “curious”. The Nation exclusively reported that the Presidency was uncomfortable with the attitude of some governors to the management of the refund. The Federal Government released N388.304billion of the N522.74 billion refund to 35 states as over-deductions on the 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 paid 50 per cent (N6,513,392,932.28) because the state was in a period of transition from one governor to another. The top beneficiaries are: Akwa Ibom – N14,500,000,000.00; Bayelsa – N14,500,000,000.00; Delta—N14,500,000,000.00; Kastina -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. http://thenationonlineng.net/n500m-paris-club-cash-recovered-governor/ 2 Likes |
Re: N500m Paris Club Cash Recovered From Governor by Nobody: 6:43am On Mar 14, 2017 |
Crying for Nigeria 36 Likes 5 Shares
|
Re: N500m Paris Club Cash Recovered From Governor by Flyingngel(m): 7:11am On Mar 14, 2017 |
Omagago post:Crying for Nigeria i don't understand what you are tying to say; but i can assure u that GEJ is not a desperate man otherwise bearing d title of a president be it former or not converge a wide range privilege on him. Besides it is not PDP that is in power and he really respect himself and Osibanjo. Humility is good but not with Stupidity. 37 Likes 3 Shares |
Re: N500m Paris Club Cash Recovered From Governor by Kdon2: 7:41am On Mar 14, 2017 |
yns4real: What is the motive of this Op,why mention some state with fund received while living out others? Its suspicious 2 Likes 1 Share |
Re: N500m Paris Club Cash Recovered From Governor by momentarylapse: 7:57am On Mar 14, 2017 |
Flyingngel: Nigga what the _fuck are you chatting about? 13 Likes |
Re: N500m Paris Club Cash Recovered From Governor by yaki84: 8:25am On Mar 14, 2017 |
the states no get name? Abi d governors involve their names can't be spelled? Haba, must una make news just to occupy cyber space? This is third time am reading this empty article about paris club refund with unsubstantial report. 10 Likes 1 Share |
Re: N500m Paris Club Cash Recovered From Governor by sammyj: 9:32am On Mar 14, 2017 |
So this little is what the EFCC could get from this criminals . It is well! !! 1 Like |
Re: N500m Paris Club Cash Recovered From Governor by HottestFire: 9:36am On Mar 14, 2017 |
The Governor no get name..? 4 Likes |
Re: N500m Paris Club Cash Recovered From Governor by veekid(m): 9:39am On Mar 14, 2017 |
E fit be Oyo own governor |
Re: N500m Paris Club Cash Recovered From Governor by heryurh(m): 9:40am On Mar 14, 2017 |
7 Likes
|
Re: N500m Paris Club Cash Recovered From Governor by sebe97: 9:40am On Mar 14, 2017 |
EFCC is finally working |
Re: N500m Paris Club Cash Recovered From Governor by burkingx(f): 9:40am On Mar 14, 2017 |
5 Likes
|
Re: N500m Paris Club Cash Recovered From Governor by bestman09(m): 9:41am On Mar 14, 2017 |
Re: N500m Paris Club Cash Recovered From Governor by Goldenheart(m): 9:41am On Mar 14, 2017 |
awon ole oloriburuku... Olorun a ba tin yin je... 3 Likes |
Re: N500m Paris Club Cash Recovered From Governor by mjabdulk: 9:42am On Mar 14, 2017 |
let such governor face the court of justice and serves as a lesson to others. |
Re: N500m Paris Club Cash Recovered From Governor by ogregs: 9:42am On Mar 14, 2017 |
efcc will not just jail these people despite all th media evidences 1 Like |
Re: N500m Paris Club Cash Recovered From Governor by Nobody: 9:42am On Mar 14, 2017 |
Buhari ios back, EFCC early morning propaganda and name soiling is back..lol 8 Likes |
Re: N500m Paris Club Cash Recovered From Governor by MrGreenMavro: 9:43am On Mar 14, 2017 |
Re: N500m Paris Club Cash Recovered From Governor by obafemee80(m): 9:43am On Mar 14, 2017 |
I so much love China I think corrupt leaders should be forced to face firing squads 4 Likes |
Re: N500m Paris Club Cash Recovered From Governor by OgologoDimkpa: 9:43am On Mar 14, 2017 |
Nonsense! He don come back to brainwash Nigerians with one form of fake loot recovery to another. Abeg, face the real matter on ground and leave looted funds. Do something the will benefit an average Nigerian citizen joor! 11 Likes |
Re: N500m Paris Club Cash Recovered From Governor by DropShot: 9:44am On Mar 14, 2017 |
Nigeria is in serious trouble! 1 Like |
Re: N500m Paris Club Cash Recovered From Governor by ceejay80s(m): 9:44am On Mar 14, 2017 |
Governor who? |
Re: N500m Paris Club Cash Recovered From Governor by 989900: 9:44am On Mar 14, 2017 |
I just weak. 1 Like
|
Re: N500m Paris Club Cash Recovered From Governor by adem30: 9:45am On Mar 14, 2017 |
HottestFire: I don't understand the kind of operating system installed in some of Nairalanders. If the names are mentioned now, you will still cry media trial, let efcc do their job and keep your stinking mouth shot, talking rubbish as if you even have an idea of what is going on, and your type mess up everything when giving a little opportunity in life 13 Likes 2 Shares |
Re: N500m Paris Club Cash Recovered From Governor by LajaLaba: 9:45am On Mar 14, 2017 |
Igbos go vex tire today chai 2 Likes 1 Share |
Re: N500m Paris Club Cash Recovered From Governor by burkingx(f): 9:45am On Mar 14, 2017 |
HottestFire:.....Na so we see am for here too 3 Likes
|
Re: N500m Paris Club Cash Recovered From Governor by LajaLaba: 9:46am On Mar 14, 2017 |
ehie:IPOB girl how u dey na? 2 Likes 1 Share |
Re: N500m Paris Club Cash Recovered From Governor by tuoyoojo(m): 9:46am On Mar 14, 2017 |
kudos to fct n kano state for not taking part in d loan its a pity that those oyel producing states lead the pack of those who collected the loan with very little to show for it |
Haulage Driver Reveals He Transported Saraki’s Range Rover from His Ikoyi Home / Hospital Visits To Yusuf Buhari Boosting Sales — Abuja Traders / Tinubu, Saraki Hold Secret Meeting In Kebbi
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 32 |