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/

Crying for Nigeria

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.

yns4real:

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/

What is the motive of this Op,why mention some state with fund received while living out others? Its suspicious

Flyingngel:
Omagago post:





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.

Nigga what the _fuck are you chatting about?

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.

So this little is what the EFCC could get from this criminals . It is well! !!

E fit be Oyo own governor

EFCC is finally working

Omagago:
Crying for Nigeria

BMC spotted

awon ole oloriburuku...
Olorun a ba tin yin je...

let such governor face the court of justice and serves as a lesson to others.

efcc will not just jail these people despite all th media evidences

Buhari ios back, EFCC early morning propaganda and name soiling is back..lol

I so much love China
I think corrupt leaders should be forced to face firing squads

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!

Nigeria is in serious trouble!

Governor who?

HottestFire:
The Governor no get name..?

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

Igbos go vex tire today chai

HottestFire:
The Governor no get name..?

.....Na so we see am for here too

ehie:
Buhari ios back, EFCC early morning propaganda and name soiling is back..lol

IPOB girl how u dey na?

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