Bailout funds scandal: Governor loses $10m to mistress



A governor is under probe after the sum of $10 million he diverted from the bailout funds allocated to his state was hijacked by his mistress.

The governor was said to have commissioned his mistress to help him launder the said sum only for the latter to refuse to remit it in the slush accounts the governor provided.

Already, the money in question has been traced to a bank in the United States.

The Nation investigation revealed that the governor resorted to using his US-based mistress to stash the funds abroad in order to avoid monitoring by security agencies.

The cash was allegedly either wired or hauled in tranches in order to beat the nation’s Financial Intelligence Unit (FIU).



In spite of the governor’s tricks, however, security agencies were able to intercept the deal between him and his mistress.

It was gathered that the diversion of the looted $10 million by the mistress created an uproar that triggered the ongoing investigation of the deal between the love birds.

One of the sources involved in the probe said: “A governor from an oil-producing state is in soup and under probe by some security agencies.

“The governor seems to have been duped by his mistress who stays in Texas in the United States.

“The governor is worried after discovering that his girlfriend has defrauded him of $10 million.

“What started as a love affair and promises of good faith has turned sour.

“Yet the governor would not want his wife or the people of the state, who will be disappointed, to know about this ugly transaction.”



The security chief added: “Investigation so far indicated that the governor allegedly diverted part of the bailout funds meant for his state to the mistress.

“All relevant security agencies are already tracking how the cash was wired to the mistress as well as the whereabouts of the funds.

“Very soon, the details of the transaction will be revealed to Nigerians.

“This is why the government has decided to monitor how bailout funds and London-Paris loan refunds were spent.”

The Presidency in 2016 released the sum of N1. 266.44 trillion to 36 states within nine months.

The breakdown includes N713.70 billion special intervention funds to states and London Paris Club loan refunds of N522.74 billion.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) had said 16 states were yet to disburse about N57, 663, 185, 735 of the bailout funds approved for them by President Muhammadu Buhari.

The agency also indicted some of the states for diverting the bailout funds which were meant for workers’ salaries.


http://thenationonlineng.net/bailout-funds-scandal-governor-loses-10m-mistress/

When will Nigerian leaders stop stealing?Since 1960 the only news we hear is that of corruption.

No stealing and no corruption

To mistress !

The mistress used part of the bail out fund to bail herself out of poverty at the expense of we the poor masses.

To me it doesn't matter if it is Wike or Fayose , What matters is one pusssy just got approximately ₦500M from a greedy selfish bastard


The total amount of money Buhari released to feed 7 states is ₦375M

Do you understand why i keep attacking PDP and their defenders ?

Bailout was paid in Nigeria , they managed to get $10M out of the country , despite the strict Forex Policy , Is these not corruption fighting back ?

Any small thing those useless robots will start shouting Buhari is killing Nigerians

As for that Olosho that Got free ₦500M 5 Fvcking Billion Naira , May you miraculously land infront of a bullet train and get torn into a thousand pieces

In my language, Ole gbe Ole gba. Meaning Thief don thief Thief.

Okay.

P**sy so sweet he add $10million on it

We want to know his name.

sinistermind:
This is definitely an APC governor. How do I know? If it was a PDP governor, his name would be mentioned e.g Fayose.

PDP governors control all the oil producing states.

That is almost N5b!

kaydutchboy:

PDP governors control all the oil producing states.

. Imo state is an oil producing state.

Identity of the governor and his mistress? That's what I'm waiting to read.

cc lalasticlala

One of the sources involved in the probe said: “A governor from an oil-producing state is in soup and under probe by some security agencies.

instead of those bakassi boys to hold their governors to ransom....... they are busy chasing shadows and been used politically

the lady of my dreams

Logical thinking:
If 10million dollars is converted to naira we get=5billion naira.i.e.10,000,000*500.

From the bail out money that has been shared so far,there's obviously no oil producing state that got such amount.
This news appears bogus.it looks like traffic generation post,little wonder no governor's name was mentioned.
Modified

saintgp:
Logical thinking:
If 10million dollars is converted to naira we get=5hundred million naira.i.e.10,000,000*500.

From the bail out money that has been shared so far,there's obviously no oil producing state that got such amount.
This news appears bogus.it looks like traffic generation post,little wonder no governor's name was mentioned.

Voltron , Defender of the universe.

You keep using your 100 Naira data to defend 10Million Dollar theft. You need prayers oo. Let it not be that you just follow them come.

You should be sad that your likes bleed and die during election. Some die online for them to win election and one girl far away just carry the money waka go.

On your flawed mathematics. The exchange rate from cbn is still less than 310. so we are talking about 3.1Billion Naira.
It is amazing that you are still defending those who denied you quality education by stealing.

Is the News TRUE ? I don't know.

Is it possible ? YES IT IS VERY VERY VERY POSSIBLE.

Another report on bail out fund : http://www.vanguardngr.com/2016/04/states-squandered-fg-bailout-funds/

Even the one with evidence of money traced to account. Low lives still defended Fayose.

This is Obanikoro saying I gave him 2.5Billion. Yet you dumb skull still believe he is being persecuted and witch hunted.
http://www.vanguardngr.com/2016/10/obanikoro-makes-shocking-revealtions-says-gave-fayose-n2-3bn/
http://punchng.com/obanikoro-admits-giving-n2-3bn-gov-fayose/



This is the summary of bail out funds as released by CBN. None is less than the 500 million you calculated and concluded that no oil producing state collected such.

Abia (N14.152bn)
Adamawa( N2.378bn)
Bauchi (N8.60bn)
Bayelsa (N12.85bn)
Benue(N28.013bn)
Borno(N7.680bn)
Cross River(N7.856bn)
Delta( N10.036bn)
Ebonyi(N4.063bn)
Edo(N3.167bn)
Ekiti (N9.604bn)
Enugu (N4.207bn)
Gombe (N16.459bn)
Imo (N26.806bn)
Kastina (N3.304bn)
Kebbi (N0.690bn)
Kogi (N50.842bn)
Kwara (N4.320bn)
Nasarawa (N8.317bn)
Niger (N4.306bn)
Ogun (N20.00bn)
Ondo (N14.686bn)
Osun(N34.988bn)
Oyo( N26.606bn )
Plateau (N5.357bn)
Sokoto (N10.093bn)
Zamfara (N10.02bn)

OP u are part of. Nigeria Problem Pls next time if u can say d name of d person involved better not bring up d Topic

The name of the governor is Governor. OP

saintgp:
Logical thinking:
If 10million dollars is converted to naira we get=5hundred million naira.i.e.10,000,000*500.

From the bail out money that has been shared so far,there's obviously no oil producing state that got such amount.
This news appears bogus.it looks like traffic generation post,little wonder no governor's name was mentioned.

You are the only one that is thinking rationally on this thread.

Seems the "imaginary" mistress did MMM with the money

What terrible reporting.. Why does it shy from facts beyond the mere details presented in the report ?

Names please.


Why is he being protected?

All these Tales by Moonlight stories, being dished out by our media people is irritating, so we should start cracking our brain to figure out who the "Governor" is, assuming the story is true, which I very much doubt.

What terrible reporting.. Why does it shy from facts beyond the mere details presented in the report ?

The Governor should be stone to death. This happen when masses are crying for hunger

HtwoOw:
To me it doesn't matter if it is Wike or Fayose , What matters is one pusssy just got approximately ₦500M from a greedy selfish bastard


The total amount of money Buhari released to feed 7 states is ₦375M

Do you understand why i keep attacking PDP and their defenders ?

Bailout was paid in Nigeria , they managed to get $10M out of the country , despite the strict Forex Policy , Is these not corruption fighting back ?

Any small thing those useless robots will start shouting Buhari is killing Nigerians

As for that Olosho that Got free ₦500M , May you miraculously land infront of a bullet train and get torn into a thousand pieces

500M keh? It's approximately 5billion

This dirty jungle is overdue for some RED revolution!