Several former high-ranking officials in the Jonathan administration have started returning looted funds, it was learnt last night.Besides, they are begging the Federal Government and the Economic and Financial Crimes Commission (EFCC) to shelve plans to put them on trial.Four such ex-top government officials have refunded N1.4billion in the last one week alone, an authoritative source said yesterday.This sum does not include the N7billion said to have been paid back to the AVM Jon Ode Committee which investigated about 300 companies and individuals who collected money from the Office of the National Security Adviser (ONSA) without executing the jobs for which they were paid.However, a few others are said to have opted to face trial instead of returning money which they claimed had been spent on 2015 presidential campaign.Investigation by our correspondent revealed that some of the beneficiaries of the looted funds have actually paid back or promised to do so.Those affected have been mounting pressure on the presidency, the EFCC and theAttorney General of the Federation and Minister of Justice, Abubakar Malami, for softlanding against trial.The government is yet to take a position on whether or not those who have returned their loot will be prosecuted.A source said: “One of those who served under the former President has returned about N750million given to him by the Office of the National Security Adviser (ONSA) for campaign. He was able to make up because he didn’t spend the cash. He kept it for privateuse.“Some have paid back more than N650million.“A former minister has pledged to refund overN1billion. Another beneficiary of the curious contracts has promised the EFCC to sell a few properties to be able to return about N2.1billion.“A former military governor has also refundedthe cash advanced to him by ONSA to buy a house.“Many of these former public officers and contractors are effecting refunds to avoid being named and shamed.“They don’t want trial. Some have volunteered to serve as prosecution witnesses instead of going through the rigours of trial.“At the appropriate time, the list of those who have refunded money in one way or the other will be published.”Responding to a question, the source added: “The government is preoccupied with the recovery of looted funds. At the appropriate time, the fate of those who have refunded cash will be determined by what the law says.”But some of the suspects have refused to return looted funds which they claimed had been disbursed for 2015 poll.They said the cash was given to them on the order of former President Jonathan.They also said the funds were privately disbursed to them by the campaign committee and PDP officials without telling them the source(s) of the money.Another source said: “Some of those implicated in the collection of some funds have opted for outright trial because they did not benefit while carrying out presidential directives.“Some former ministers said the amount credited to them came from private accounts for the 2015 campaign and nobody can accuse them of diverting public funds.”About 300 persons and companies were indicted by an investigative committee a weekago.The Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, on Thursday claimed that the ONSA committee had recovered over N7billion from those culpable.The indicted companies are to refund anotherN41 billion.But the investigating agencies, including the EFCC, will determine whether another N75 billion should be recovered from some of the companies.Shehu said the ONSA committee had found out that one of the indicted companies, Societe D’Equipment International, was overpaid by 7.9 million euros and $7.09 million.It noted that many contractors were apparently over paid, while others were given full upfront payments contrary to their contract terms and agreements.The panel also uncovered evidence of payments to individuals and companies by ONSA without any contractual agreement or evidence of jobs executed.The committee discovered that some companies failed to fulfill their tax obligationsfor contracts executed.
http://thenationonlineng.net/2-1b-arms-deals-jonathans-men-return-cash/

When I thought I had seen it all.

Thank God we kicked out the IB.

...

There is no sickness as bad as delusion.
So GEJ men return cash?
APC is a real setback to this country.

psucc:
There is no sickness as bad as delusion.

So GEJ men return cash?

APC is a real setback to this country.

eyah

With all this alleged returned cash,guess this government won't need to borrow for the next two years to finance the budget and economy.

Same old story. An epic movie becomes comedy when it stays more than desired in the market. Abacha's loot is yet to be fully recovered 18 years after, yet someone is deceiving himself and his myopic followers with daily fables.

mention there names, we r tired of ghost looters,PMB has started looting and blaming ghost looters. very soon we ll all be singing THERE WAS A COUNTRY when one man turns nigeria into his private estate

The IB is gone forever. What remains is his manhood which shall keep unfolding forever.

babdap:
When I thought I had seen it all.

keep on seeing till we get to 2019 this government is damn clueless. open your eyes and be free

TANTUMERGO007:

keep on seeing till we get to 2019 this government is damn clueless. open your eyes and be free

Lol look at this one.
Better prepare to wail the more soon
Wailing zombie like you