EFCC tracks N388.3b London-Paris Club refunds

Consultants ‘got 2%’

Governors ‘shared 3%’

Seven governors have questions to answer in the alleged diversion of part of the N388.304billion London-Paris Club refunds into two accounts opened by the Nigeria Governors Forum (NGF), The Nation has learnt.

The Economic and Financial Crimes Commission (EFCC) has uncovered N19billion in one of the accounts. The other is a domiciliary account, which contains a yet unspecified amount of money.

One of those invited for interrogation has admitted handing over a huge sum of money to a principal officer of the National Assembly after changing it into dollars, according to the preliminary report on the management of the refunds.

According to a source, who pleaded not to be named because he is not permitted to talk to the media, EFCC detectives discovered that while about 2% of the funds was paid to consultants who allegedly assisted in computing what was due to each state, 3% was shared by some governors under “curious circumstances”.

The source said: “The detectives have uncovered the two accounts opened in the name of the NGF and the signatories to same.

“We are looking into circumstances behind such huge deposits from London-Paris Club refunds into these accounts.

“The payment of 2% of the refunds to consultants and 3% to some governors which was rated as “curious” by investigators have been confirmed. We also discovered that some of the governors nominated these consultants.”

The source declined to name the seven governors, stressing that the details will be released as soon as the investigation is concluded.

Responding to a question, the source said one of those questioned actually admitted that he changed some of the funds into dollars and handed it over to a principal officer of the National Assembly.

Besides, he insisted that the EFCC had no any agenda against the governors, adding: “It has no basis to run the NGF down at all, but you should know that the Presidency is interested in how these London-Paris Club refunds were spent.

“We know the governors have immunity, but certainly NGF does not enjoy such constitutional protection. We are looking at what informed the transfer of such funds into the accounts of the NGF and for what purposes.

“Once the purposes are in line with statutory financial regulations and the EFCC is satisfied, the case is closed. But where there are cases of diversion and stealing of public funds, the law will take its course.”

The Federal Government released N388.304billion of the N522.74 billion funds to 35 states as refunds of overdeductions on 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 only paid 50 per cent of its refunds (N6,513,392,932.28) because of leadership change in the state which will soon lead to the inauguration of the Governor-elect, Mr Rotimi Akeredolu.

A breakdown of the list of top beneficiaries of the refunds is as follows: Akwa Ibom – N14,500,000,000.00; Bayelsa – N14,500,000,000.00; Delta—N14,500,000,000.00; Katsina -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.

“Mr. President’s overriding concern is for the welfare of the Nigerian people. considering the fact that many States are owing salaries and pension, causing considerable hardship,” the government said.

THE NATION had exclusively reported that the presidency was uncomfortable with the funds management by governors.

A source in the Presidency, who spoke in confidence, said: “President Muhammadu Buhari has lived up to his pledge to ease salary crises in all the states by releasing N388.304billion to 35 states.

“The agreement between the Federal Government and the governors was very clear. While 50 per cent of the amount released shall be used to offset outstanding salary and pension arrears, the remaining 50 per cent would be used for the payment of other obligations.

“Some governors have however reneged on this agreement. Security reports available to the Presidency showed that Governor Ayodele Fayose paid only one month out of eight-month salary arrears.

“The governor went ahead to pay a curious 13-month salary to Ekiti workers. Yet, he got N8.877billion refund.

“Instead of accounting for what he used the loan refund for, he attacked the Federal Government on hardship in the country. The relevant agencies are monitoring development in Ekiti and some states.”

Responding to a question, another source in government said: “It is however unfortunate that some governors underdeclared the refunds made to them. Some of them were also discovered to be giving spurious analysis to cover up the actual figures.

“In fact, some states changed the agreement overnight. A state said the President asked states to use at least 25 per cent of their London and Paris Club refuns to offset salary arrears.”

http://thenationonlineng.net/seven-governors-linked-n19b-bank-account/

Chisos

Ok

Another STORY that will lead to nowhere after exciting the zombies to temporarily forget the failed promises of the sick old man who has plunged us into recession despite all these FAKE news of money recovered since 29 May 2015.
Who is FOOLING who

STFUand4kMeHARD:
Looted Funds: FG Recovers N3.4 Trn Cash, Assets – Amaechi


Source: http://www.vanguardngr.com/2016/09/looted-funds-fg-recovers-n3-4-trn-cash-assets-amaechi/

FG Saves Over N3 Trillion through TSA
March 24, 2016


Source: http://www.thisdaylive.com/index.php/2016/03/24/fg-saves-over-n3-trillion-through-tsa/

gabydaniels:
Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo


Source: http://www.thisdaylive.com/index.php/2016/08/26/osinbajo-we-have-saved-n1-4tn-by-not-paying-fuel-subsidy/

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chai.....

there is God ooo!!!

Criminalso everywhere

Wailers please see this

My president is not the problem

See the Genesis of our recession

As usual, only the pdp governors are guilty

madridguy:
Ok

Not quite.

stexsy:
THE PROBLEM WITH NIGERIANS IS THAT WE FORGET TOO FAST........

1. How far for that terrorist that was caught trying to enter Nigeria on the request of Bubu?

2. El-Rufai promised to take a certain newspaper to court for revealing his true worth (in Billions of dollars). Has he done it?

3. What about the currency swap deal with China?

4. What of the case involving Burutai and Dambazau?

5. What about the list of corrupt minister under GEJ Oshimhole talked about when he returned from the U.S?

6. What of the Billions found in a Soak away by EFCC?

7. What of the Billions UAE promised to send back to Nigeria?

8. What of the evidence produced by the Integrity Group send to the EFCC against Amaechi?

9. What of Buhari's "true" asset Declaration?

10. Is Jonathan no longer on exile?

11. Is Alison Maduekwe in Prison?

12. Are our Children eating free food in School?

13. Did Aisha Buhari actually travel to the U.S?

14. The first time Buhari visited visited U.S on winning election, h was opportuned to take picture standing on the front roll, the likes of Barr. Samuel C Umesi it was a great achievement that Nigeria has been recognised by the world, what have gained from that?

15. What of the two Chibok girls rescued by Buhari, where are they?

16. Where is the Boko Haram member caught while rescueing the Chibok girl?

17. Where is Ese Oruru and Yellow?

18. What of our refinery that started working via Buhari's body language?

19. What about the CBN, NNPC and FIRs coded employment where only Buhari's family members were recruited?

20. What abt the fake certifate issued by uncle bubu and the law siut against such corrupt act!?

21. What happend to the people that beheaded a woman at kano market with the chants of "allah arkaba"!

22. What happened to the killers of the lady evangelist in kubwa abuja!?

23. What happend to the law suit against Yinusa child abductor of Ese Oruru!?

24. What happened to the small electrical power dat we were enjoying b4 this regime took ever!? Now we cant see anything at all! Chei!

25. What really happened to rice!

26. What happened to our 3,000,000 job promise? If they cud not create the 3mill job at least they for allow us sustain the already had so we could maintain but my friend from ecobank told me sis, its not a lie over 1500 people have been laid out in this my region alone" i myself am not secure am seriiiously looking for alternative" he added! Abeg the list is inexuastible......

That was how 15 Million people forgot the atrocities of Buhari in 1984, forgot his "bigotness", forgot his hate speeches (dog, baboon and blood), his support for BH and Sharia and voted him in 2015.

Add yours, please

www.nairaland.com/attachments/4241395_obj_jpeg69052097a4fedb4aeb4c99f2aefd08a3

anonimi:
Another STORY that will lead to nowhere after exciting the zombies to temporarily forget the failed promises of the sick old man who has plunged us into recession despite all these FAKE news of money recovered since 29 May 2015.
Who is FOOLING who














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Conscience is an open wound only the truth can heal it

sarrki:
Criminalso everywhere

Wailers please see this

My president is not the problem

See the Genesis of our recession

Yeah.
Right here below =>


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sarrki:
Conscience is an open wound only the truth can heal it

Very correct.
The constant flow of lies, propaganda and falsehood from the Association of ProgreTHIEF Criminals, APC led by the dullard and his Asiwaju Asiwere chaperon can only make our open wound of recession and corruption worse.


www.nairaland.com/attachments/2026536_image_jpeg9f360c5ab7736510df54c882e9dbf188



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Thieves in high places

And still some of my 'sell out' country pipo will go about hailin this sets of serial thieves all for notin but lootin our money.

Corruption is rooted down the bone marrow of this country. It cannot be killed. The only way to kill corruption is to wipe out all the present generation of leaders.

I am amazed persons as Buhari, Tinubu, and Amaechi are conveyors of anti-corruption crusade of APC.

TPAND:
Corruption is rooted down to bone marrow of this country. It cannot be killed. The only way to kill corruption is to wipe out all th present generation of leaders.

I am amazed persons as Buhari, Tinubu, and Amaechi are conveyors of anti-corruption crusade of APC.

its pathetic...the cycle continues..

anonimi:
Very correct.
The constant flow of lies, propaganda and falsehood from the Association of ProgreTHIEF Criminals, APC led by the dullard and his Asiwaju Asiwere chaperon can only make our open wound of recession and corruption worse.

You need to be objective bro and not subjective. you might be a member of whatever party but when it comes to national issues we'll must stop bein biased. Besides this corrupt rogues are all the same, they dont give a toss about y'll their supporters they only care about what goes into their pockets and yet y'll go about appraisin dem and bickering while their kids are somewhere leavin flamboyantly. Y'll gotta wise up and rise up against this thieves.

anonimi:


Very correct.
The constant flow of lies, propaganda and falsehood from the Association of ProgreTHIEF Criminals, APC led by the dullard and his Asiwaju Asiwere chaperon can only make our open wound of recession and corruption worse.


www.nairaland.com/attachments/2026536_image_jpeg9f360c5ab7736510df54c882e9dbf188



www.nairaland.com/attachments/2151923_10959780101527066886056781674305683697845804n_jpeg88571234fc99d5765ef94ba8883de888

These days it is always so easy to spot bitter pained corruption loving wailing gejite flatisco zombies on nairaland.........

Luukasz:
You need to be objective bro and not subjective. you might be a member of whatever party but when it comes to national issues we'll must stop bein biased.
Besides this corrupt rogues are all the same, they dont give a toss about y'll their supporters they only care about what goes into their pockets and yet y'll go about appraisin dem and bickering while their kids are somewhere leavin flamboyantly. Y'll gotta wise up and rise up against this thieves.

That is exactly what I am doing- showing that the pretenders in the Association of ProgreTHIEF Criminals, APC are not only as corrupt but they are even more corrupt than those they are painting black with their lies and propaganda.
Do you have a problem with that
How do you rise up against ALL thieves when one set of thieves is constantly IMPLYING they are saints by painting the other set as the ONLY rogues?
Tell me sir!



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Revealed: How Buhari Budgeted N39 billion for Propaganda

In a bid to launder his already battered image, President Muhammadu Buhari has allocated a whooping sum of N39 billion in the 2016 budget to the Ministry of Information and Culture, a sum higher than the paltry N29 billion allocated to the Ministry of Agriculture.

This is a direct inverse of the 2015 budget, where Former President Goodluck Jonathan allocated the sum of N23 billion to Ministry of Information and N39 billion to the Agricultural Ministry.

The meager allocation to the Agricultural ministry has left political stakeholders wondering if the present administration aims at diversifying the economy or thriving on propaganda.

Buhari had in August, 2015 stated that Nigerians must stop paying mere lip service to agriculture, as crude oil and gas exports will no longer be sufficient as the country’s major revenue earner.

“It’s time to go back to the land. We must face the reality that the petroleum we had depended on for so long will no longer suffice. We campaigned heavily on agriculture, and we are ready to assist as many want to go into agricultural ventures,’’ Buhari stated.

However investigations by Post Nigeria revealed that Buhari’s words did not match his action following the lean budgetary provision for Agriculture.

More from: https://www.post-nigeria.com/revealed-how-buhari-budgeted-n39-billion-for-propaganda/

momentarylapse:
These days it is always so easy to spot bitter pained corruption loving wailing gejite flatisco zombies on nairaland.........

You should learn to zip it when you have nothing meaningful to contribute instead of removing any doubt about your depth of knowledge or lack thereof!

azimibraun:
What wrong with graduating from a poly?

anonimi:


That is why Jonathan, PDP and Reno are big time losers.
Focusing on trivialities when there are more serious deficiencies to be highlighted.
To Reno =>


www.nairaland.com/attachments/3778862_3753971img20160422112948editpng3cad72e260c16d7700ac7dfce1f527f5_pnge1f97e77566337e6f01ffc44472ae367

sarrki:
Criminalso everywhere

Wailers please see this

My president is not the problem

See the Genesis of our recession

Wailing zombies are deaf dumb and blind.... they only speak lies, hear lies and see lies

anonimi:


You should learn to zip it when you have nothing meaningful to contribute instead of removing any doubt about your depth of knowledge or lack thereof!

]

E don pain you as usual abi? So sweet.......abeg carry these your senseless and boring regurgitated copy and paste trash that you have been spamming threads with since 2015 to otueke.......nobody sends you boy......lmfao

I just hope Aregbesola no follow join, he don try pass make them con arrest am after him tenure



Imagine, when looters begin saving in one account, you know there's peace and unity in Thier gang


Wish someone could be undercover EFCC among them and move all the money to TSA

Mjshexy:
Thieves in high places

.......but some are protected by the grand masters of corruption under the Association of ProgerTHIEF Criminals APC party broom.



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