Just days after the Presidency revealed that 300 persons and companies were implicated in fresh N116b “curious” contracts issued by the Office of the National Security Adviser (ONSA), details of the cash some of those indicted will refund have emerged.
It was also gathered that a former Director of Funds in Office of the Accountant-General of the Federation, Mr Mohammed Dikwa, admitted to the EFCC that the controversial $2.billion released to ONSA under ex-NSA Sambo Dasuki were based on just presidential or ministerial orders.

The Senior Special Assistant on Media and Publicity to the President, Mallam Garba Shehu, on Thursday said that the ONSA committee had recovered over N7billion from those indicted.

The indicted companies are to refund N41billion. The investigating agencies, including the EFCC, will determine if another N75billion should be recovered from some of the companies.

The Special Committee in the Office of the NSA found persons and companies ‘guilty’ of infractions.

Some of the alleged infractions:

breach of contract terms;
non-execution of contracts;
haphazard or partial completion of contracts;
collection of funds for unexecuted contracts;
diversion of funds for political purposes; and
sheer mismanagement of contract funds.
300 persons and firms have been referred to investigating agencies, including EFCC, ICPC and police.

Amounts to be refunded by some of the persons and companies are as follows:
Acacia Holding Limited – (N600m and N650m);
Reliance Referral Hospitals Limited – N750m (16/4/2015);
African Cable Television Limited – N350million;
Dalhatu Investment Limited(N500m) – 20/12/13 and N200m on 17/3/15;
Duchy Concepts Limited RC392281(N70m) – 17/3/15;
Wehsec Farms Limited RC 713258(N200m);
Stellavera Dev Company – N250m;
Stellavera Dev Company- N250m;
Societe d’Equipments internationaux –
$6,954,000(21/4/2015), $30m(9/5/15); $50m(9/3/15); €1, 395, 346.84(11/12/13); €1,401,869 (2/10/13); €2, 252,252.25; $16m (20/5/14); $38m(20/5/14); $36m(20/5/14); $5m(4/6/14); $10m(11/7/14).

Some expected refunds from individuals are Dr. Bello Matawalle – N300m; Bello Fadile -N100m and Bashir Yududa N1.5billion.

A source in EFCC said: “Some of those indicted have outstanding cases under investigation by our agency. These allegations are intertwined and we may have to improve on a few clues.

“The latest assignment is to recover the sums against these 300 persons and companies. A few of them had written to the commission to refund some money illegally collected for jobs undone.

“In line with the mandate of the Presidency, we will get to the root of the allegations against those already referred to us. We will also collaborate with other investigating agencies.”

Responding to a question, he said: “Of course, some of these persons and companies will be prosecuted.”

f

As Fayose asked, so why the need to borrow??

Where is all this money going to.

And buhari is still borrowing.

Anyday this govt stop their petty lies then we talk..

Na wa...when will my name be involved in all this scandals. Are these not my mates? I mean...who wouldn't want this headline: NAIRALAND'S PICCOLOBRUNELLI NAMED AS THE PANAMA PAPERS SAGA CONTINUES....then Seun wee na ask me to explain myself. Hehe....

Lies should not be on front page

...and they are still borrowing?

I'll rather believe the devil himself than anything from this propagandist govt.

If they like, they can discover Lord Lugard's 1960 loots, I won't blink an eye.

supporters of APC.

Why are people in this country like this

So why dem Wan borrow from China? Bunch of liars

some nairalander go b like "" WHY DIS SAMBO NO SHARE DIS MONEY REACH ME atleast by now my name for dey everywhere.. And I'm like " Oburu godi so 20M KA onyerem, a kaa m inwetego uru 10m by now ...

These people rape.d Nigeria to death, and their mumu followers are online complaining of suffering. Thank God for PMB.

Pidggin:
So why dem Wan borrow from China? Bunch of liars

. . . Liars as in these guys are clean and aren't corrupt?! What a soul!

Bringbackouryam,but please don't put it in another goat mouth.

If this money ever recover from this looter, then PMB has done something for this nation. Imagine this magnitude of fund exume from the bedrock of our economy, thank God we have a good leader that really want to reposition this nation for goodwill. #TeamThinkForMe

I can see a lot of people going poor suddenly

Am bored with all these busted stories. If they have uncovered so much why go cap in hand.

At the end of four years Buhari will discovered he had been used by a few to also have their own share since he refused to 'share' the money.

Some people on this forum are so depressingly dumb they can hardly form an independent opinion. Imagine the foolishness they display with such immeasurable pride, waving it like some victory medal.

Someone says something very dumb and before you know it, a thousand of them file up behind the post, echoing the same dumb opinion, patting themselves on the back for their collective stupidity..

"..then why is he borrowing?"... and the rest of them have nothing else to contribute than ask "why is he borrowing?"

With reason giving way to stupidity, they imagine tens of billions is all we need to finance the budget.

Na wa oo.

Meriekriss:
As Fayose asked, so why the need to borrow??

Because money recovered is not enough and a greater part of it will never be recovered in time.

omenka:
Some people on this forum are so depressingly dumb they can hardly form an independent opinion. Imagine the foolishness they display with such immeasurable pride, waving it like some victory medal.

Someone says something very dumb and before you know it, a thousand of them file up behind the post, echoing the same dumb opinion, patting themselves on the back for their collective stupidity..

"..then why is he borrowing?"... and the rest of them have nothing else to contribute than ask "why is he borrowing?"

With reason giving way to stupidity, they imagine tens of billions is all we need to finance the budget.

Na wa oo.

It's expected as most of these use candikot for their waec.

Let them continue lying.

PiccoloBrunelli:
Na wa...when will my name be involved in all this scandals. Are these not my mates? I mean...who wouldn't want this headline: NAIRALAND'S PICCOLOBRUNELLI NAMED AS THE PANAMA PAPERS SAGA CONTINUES....then Seun wee na ask me to explain myself. Hehe....

My brother, you should be happy your name isn't among them. You wouldn't like to make this sort of headline

Wetin I wan talk. I am tired of reading all these type of news. Proper justice is what we need to every looters not only on ONSA

rottennaija:

Because money recovered is not enough and a greater part of it will never be recovered in time.

Keep consuming Apc lies: 2Trillion from TSA and 200billion in UAE not enough for a 6 Trillion naira budget?

This government and lies are like bread and butter.

Chisooooooooooooooooooooooooooooooooooooos!
why is this country infested with heartless people.
Just imagine raping your country , she continued to bleed, wail and cry, you no gree stop. You wan rape am to death and runaway go UK, US and Dubai.

PMP Bleep all of them till they pay through their ny**shes.
Kirikiri, Kuje et.al must be filled up with these bandits. Kill'em all.

rottennaija:


Because money recovered is not enough and a greater part of it will never be recovered in time.

FGN Spokesman

Hmmmm