Economic and financial Crimes Commission officials in Lagos said they have found a hotel being constructed by Governor Yari of Zamfara state with $3m he stole from London-Paris Club loan refund to Nigerian states.

The governor who is the chairman of the Governor’s Forum illegally diverted N19billion reportedly meant for "consultants" from the Paris club loan refund which had been illegally paid into the account of the Nigeria Governors Forum (NGF) by Nigeria’s Minister of France, Kemi Adeosun and the Central Bank of Nigeria.

SaharaReporters learnt that the hotel is a 100-room property situated in Lekki area of Lagos.
EFCC officials said they have already marked down the hotel as proceeds of corruption and plan to take it over after obtaining a court order.
Apart from the $3million, Governor Yari also diverted N500 million from the Paris Club refund to pay off a loan, an Economic and Financial Crimes Commission (EFCC) source revealed to SaharaReporters.

According to the source, Mr. Yari withdrew N500m from the N19 billion Paris Club refund from the account of Nigeria Governors Forum from the N522b allocated to the 36 states and deposited the sum into a mortgage bank account.

Mr. Yari then transferred the sum to the mortgage bank from which he had borrowed N800m to purchase to properties in 2013. According to the source, the governor was able to renegotiate his debt from N800m to N500m.


Overall the governor is said to have embezzled the sum of N2.2 billion from the N19billion set aside illegally to pay "consultants."


SaharaReporters had earlier revealed that Senate President Bukola Saraki and his cronies are also being investigated by the EFCC for his role in the embezzlement of N3.5b from the Paris Club loan through the slush fund placed at the Access Bank by the Nigeria Governors Forum, who claimed it was meant for consultants.


Source:

www.saharareporters.com/2017/05/14governor-abdul’aziz-abubakar-yari-zamfara-builds-3m-hotel-lagos-funds-stolen-paris-club

Blood of Wizkid!

These governors are very wicked. Imagine what usd3m can do for a poor undeveloped state like zamfara.
I wonder why the restive youths of the north has not gone on rampage against their present and past leaders. Their people have been in power for majority of time yet it has not translated into a better life for thst region. That region is still ravaged by poverty, illiteracy, sickness and diseases.
Imagine what this money could have achieved if invested in their education, hospitals, infrastructure, etc.

Most of our governors are crooks

Am not surprised is an APC governor hence EFCC shielding him without media trial

Ok

It a shame honestly........Check what that could do to his people....

Thank you SR for revealing the name of the thieving governor. Una sabi work well.


God punish the media firms who keep hiding the identity of criminals who steal funds that belong to the people.

Lalasticlala

This same governor failed to provide vaccinations for meningitis while the disease was ravaging his state. He only told his people that meningitis is the punishment for fornication from the almighty. This country is a joke.

APC barawos were accusing PDP as if they were saints. A clear case of a runs girl calling an olosho an ashawo.

Nonsense.

So dem don finally find the unknown governor.

To say na PDP Governor like Fayose, dem for publish his name since

Please send this post to the crime section.

Attention : lalastica.

mbaboy:
Am not surprised is an APC governor hence EFCC shielding him without media trial

APC, party of professional rogues and career fraudsters.

Finally the name of the governor is in public domain. Let's see what citizens of the states will do. Anyway yeye immunity clause cover am

BEING AN APC PARTY MEMBER AND A NORTHERNER,
OF COURSE HE WILL GET AWAY WITH IT.

REMEMBER AUDU OF KOGI,
THEY KNEW HE STOLE N11 BILLION AND YET HE WAS THE CANDIDATE.

HE SAID IF HE WINS HE WOULD RETURN THE MONEY.
SO IF HE DIDNT WIN , HE'D KEEP IT.

IMAGINE.

APC IS SIMPLY A PARTY OF ROGUE'S



http://dailypost.ng/2015/10/04/kogi-guber-audu-will-return-the-n11bn-he-stole-if-elected-apc-chairman/

If he stole the money to build a world class factory
Wouldn't his people still appreciate him?

All these political thieves only know how to build hotels which they use as CBN to hide their stolen wealth

See the heart of a black man. His State needed money to buy meningitis vaccine he refused and stole the money and waited for America and who to provide money for the vaccines. All he could say to divert attention is that meningitis is a curse from God for fornication.

begwong:
Allahu akbar, Wat a shame to Islam. This Stewpid thieves as gominas.

So Gej,Oritsejeafor, Akpabio and many more are Muslims too

I hate religious bigotry people

.. the property should immediately be confiscated by the FG and he should be tried asap. Unfortunately , EFCC has been losing all its court cases so I hope this comes out good this time .

Na wawo.

At least you believe Sahara Reporters today.

Where is Jungle Justice when you need it?

Thieves everywhere. I don't know how this country withstood the volume of looting and thievery witnessed in the past administration.
Right now, they are still stealing.

I think Nigeria is the toughest country in the whole world ...after all the rape it suffered in the hands of these demon possessed politicians, it's still standing.

APC and PDP are all thieves..

Infact all our politicians are financial kleptomaniacs

Lagos the land of plenty

Our money eh
Our money
Nigerian money eh
Oga dey chop am vaka vaka

Hahahahahahahahahahahahahahahahahahahahahahahaha

all this people 're making Abacha look like a learner

Divide this country ASAP.

Kwaruption