CBN got specific instruction to ensure billions were moved from the bank directly to the residence of the former president

Few days after Vice President Yemi Osinbajo described grand corruption as the elephant in the room when discussing the Nigerian economy, more compelling details are emerging showing how several tranches of funds were illegally removed from the public till by the Jonathan administration specifically ahead of the 2015 presidential elections.

Besides, some new but dramatic details of how some of the funds were illegally transported from the Central Bank to the private residence of the former President Goodluck Jonathan have now emerged. In that particular case the former NSA personally supervised the physical transfer of the money from the CBN vaults to the private residence of the former President.

In one particular instance over N70 billion was released in parts from the national treasury between January 8 and February 25, 2015. The over $289M which was also referenced last week by the Vice President is said to be included in this particular series of illegal transactions. (

Besides that in another illegal disbursement, the minutes of the Central Bank board meeting of 25th August 2014 indicated the board's okay of another N60B requested by the former President and released later by the Central Bank.

A Presidency source said that sum which was okayed by the CBN board was not tied to any project or procurement, and was meant and disbursed purely for campaign purposes, through the office of the then NSA and the SSS leadership at the time.

Specifically that N60 billion that was okayed by the CBN on August 25, 2014 was said to have been shared between the two security agencies thus: N40B went to the NSA while N20 billion was released to the State Security Services (SSS).


While some of these newly emerging fund disbursements have been traced to the former NSA, there are indications that some of the funds are unconnected to the ongoing Defence contract trials of the former NSA,while some might.

Osinbajo, in a recent speech, had alleged that weeks to the 2015 election under the administration of former president Goodluck Jonathan about N100B was released and embezzled. He also disclosed that about $289m was disbursed illegally about the same time.

It has now been revealed that the $289m mentioned by the Vice President was released on February 25, 2015

Documents including cash vouchers indicate that $289,202,382 was released in cash to the NIA by the Central Bank of Nigeria from the Joint Venture (JV) Cash Call Account No. 000-0000-11658-366 of the NNPC/NAPIMS with JP Morgan Chase Bank, New York, USA.

At the exchange rate then of $199 to a naira, $289m is equivalent to about N60 billion. But had the money not been stolen, it would be at today’ s rate over N104B.

Further findings showed that in yet another set of illegal fund withdrawals under one week between January 8 and 16, 2015, the sum of N1.5 billion was released in three tranches of N300m, N400m and N800m respectively.

“This money was released from the MEA Research Library Account to the Jointrust Dimension reportedly owned by Danjuma Yusuf and Nenadi Esther Usman,” an official source with knowledge of the transaction disclosed.

The source further said the sum was transferred to their various political associates, which included a former minister of aviation, Mr. Femi Fani-Kayode.

Further findings showed that N350 million was allegedly transferred to Femi Fani-Kayode through his Zenith Bank Account No. 1004735721, on February 2, 2015.
Also, another N250 million was allegedly transferred to Fani-Kayode through the same Zenith Bank Account on February 19, 2015.

A document further showed that yet another N10 billion was released to the Office of the National Security Adviser by the Central Bank of Nigeria (CBN) on September 15, 2014.

The money was said to have been released in tranches of foreign exchange of $47 million, $5 million, 4 million Euros and 1.6 million Euros.
A letter from the Office of the NSA in November, 2014 further showed that the monies were released by the CBN as ‘funds for special services’.

“Further to our discussion, you are pleased requested to provide the sum of Forty Seven Million United States Dollars (USD47,000,000,00)cash out of the Ten Billion Naira (N10,000,000,000,00) and the balance in Euro to this office for special services,” a letter signed by the former NSA read.

Findings have shown that this particular CBN release of N10B was sourced in November 2014 from a N40 Billion CBN released funds meant for Corporate Social Responsibility, CSR. It was this N10B that former President Jonathan instructed the CBN Governor and the then NSA to deliver to him personally in a private residence in Abuja. Sources said the money was illegally transferred using CBN van for the use of “PDP Presidential Primaries.”

Seriously? We are in 2018 and these guys are still hungup on the Jonathan years... Please.......

Tell us something new. We are all tired of this same old line.next topic

That's y u ve nt been able to initiate and complete a 1km road in 3yrs.

Oya send Magu after him nau. Why telling us or we EFCC. Abi mak we go fight am 4 u?


Na person wey get energy de fight o. And na person wey get energy na chop belleful o. Hw many people don chop belleful 4 dis Buhari regime?

& yet GEJ has not been arrested or even invited for questioning?


why have Sanusi, Alade & Emefile been invited for questioning since the alleged 'looting' took place during their times at the helm of affairs at the CBN?



you do not fight corruption by 'assumptions'.

jaybanfa:
Seriously? We are in 2018 and these guys are still hungup on the Jonathan years... Please.......

they love Jonathan, they want him to be a lesbian goat like bayajida

Are we DSS ni

Tabi EFCC

Or POLICE


Awon APC ole radarada.

Same lies for the past 3 years

Is this all APC can put up.


Shame on APC and the VP and those that send him.


You're still on the same narrative since 3 year's.

1. Why did you refuse to take dasuki to court
2. Why did you refuse to allow dasuki to testify in court.


So MEDIA trial of imaginary lies with evidence make una continue.

Your day's are all numbered.

Start packing your loads, ile ti ya.

They wanted evidence they have been given evidence now they complain why did you give them evidence, sorry pathetic losers.

Okay we know....but abacha never stole, yet some local lawyers are getting paid $17M to duplicate the work of a swiss lawyer to retrieve abachas "loot", subsidy is fraud yet mr pighting kwarapshun pays 720 million daily as min for pet resources, nimasa awards sec contract worth $195M to isreali company for waterways security even though we have the navy, still havent forgotten the forex fraud making friends and families of their allies over night billionaires according to emir sanusi before he was quickly shut, we are still borrowing billions of $$$ to fight boko haram while the young soldiers are kissing the graves on a daily basis...they are all a rotten crowd...no more fake promises to make so cont singing the old slogan...chanji till it gets better.

This must b the handwork of osumbade

Wait! Ayam not understanding!

Money embezzled from CBN under this same CBN Governor,

and due process was flouted...?

and CBN Governor has not been prosecuted, sacked or summoned?

and I'm supposed to believe you....

Oluwabash, cover your head in shame. We are tired of hearing what Jonathan did wrong. Can you tell us what Buhari has done right? Don't cover up Buhari's failure by trying to deceive yourself with Jonathan's presumed, baseless sins.

How many electoral promises has Buhari fulfilled? That's what you should be discussing 3 years after you've been elected.

What are we supposed to do with dis information, if you really have evidence let EFCC do his work. LIARS.

plux4:
What are we supposed to do with dis information, if you really have evidence let EFCC do his work. LIARS.

Good point. Let any corrupt person be duly prosecuted and let's stops hearing false media trials.

usba:
They wanted evidence they have been given evidence now they complain why did you give them evidence, sorry pathetic losers.

Where is the evidence?

achiever12:
Oluwabash, cover your head in shame. We are tired of hearing what Jonathan did wrong. Can you tell us what Buhari has done right? Don't cover up Buhari's failure by trying to deceive yourself with Jonathan's presumed, baseless sins.

How many electoral promises has Buhari fulfilled? That's what you should be discussing 3 years after you've been elected.

This govt is frustrating people lives.

usba:
They wanted evidence they have been given evidence now they complain why did you give them evidence, sorry pathetic losers.

, where is the evidence. No wonder this govt can't win any corruption case.

usba:
They wanted evidence they have been given evidence now they complain why did you give them evidence, sorry pathetic losers.

A govt that doesn't trust the court to find suspects guilty and seek to suppress the media. What a govt?

A rudderless govt with absolutely Nothing to show, who are so obsessed with spreading corruption propaganda against previous administration, yet adamantly unwilling to investigate their own sea of govt officials accused of corruption, like World's renowned grass cutter, Buratai Dubai houses, Abba Kyari N500 million MTN bribe, Secret installment of Maina, $25 billion NNPC contract fraud, Foreign exchange scam with CBN, Aso Rock Clinic N3 billion budget, Buhari's London medical tourism using public funds, Secret withdrawals from the same CBN (The same corruption they are accusing GEJ govt) and numerous others, they should never be taken serious.

Propaganda and exaggerated lies does not put food on the table for man on the street.

Incompetent terrorist party and their brain cripple leader keeps recycling same trash that they can't prove in a law court over and over again.

Abeg tell us something new aside sounding like a broken record.

Bunch of foolish cretins who revels in creating sensational stories to mask their incompetence and failures.

Stories....
a source said*
An anonymous source said*
just one question...

Who was the CBN governor then?
Who is the CBN governor now?

Tell the stories to your brainwashed children.

tufia@APC government!!!!!!!!!!!!!

CodeTemplar:
A govt that doesn't trust the court to find suspects guilty and seek to suppress the media. What a govt?

Distraction and diversionary schemes using propaganda is the only tool this govt know how to use to hide their ever increasing incompetence. Which is why Nigerians should never be carried away by sensational corruption stories by buhari's rudderless govt. They are NOT fighting corruption, and they are not willing to fight any corruption in the true sense of the word. What buhari's govt is doing is nothing but mere persecution against perceived political opponents using Corruption as Cloak of cover.

Keep ya revelation to yourself nobody is interested any longer ..what we want now is for Buhari to be sent packing

saaron:
Distraction and diversionary schemes using propaganda is the only tool this govt know how to use to hide their ever increasing incompetence. Which is why Nigerians should never be carried away by sensational corruption stories by buhari's rudderless govt. They are NOT fighting corruption, and they are not willing to fight any corruption in the true sense of the word. What buhari's govt is doing is nothing but mere persecution against perceived political opponents using Corruption as Cloak of cover.

Same way obj used it against those who opposed his third term attempt.

So U have evidence dat U can use to score a major win in ur so called corruption war and get a confidence boost but instead of going to d courts U are telling Nigerians ? To help u carry out ur usual media trial abi?

wailing wailers this is one evidence of mindless looting of our billions by the crooked GEJ...we are waiting for wailers and Uganda ipob jews to come shift post again..useless set of nonentities

Then you can imagine what OBJ looted!