Emerging reports, revealed that seven
unnamed All Progressives Congress, APC, Governors, who allegedly played
key roles in diverting part of the N388.304 billion, have been tracked
by the Economic And Financial Crimes Commission, EFCC.
Recall, that the Federal Government had
released N388.304 billion of the N522.74 billion refund to 35 States, as
over-deductions on the London-Paris Club loans.
The EFCC Detectives, are probing how the money which was meant to pay a Consultant, got diverted by some Governors.
A source, who pleaded not to be named
said: “In spite of the protestation of some Governors, the EFCC has
decided to conclude the ongoing probe of the N19 billion, diverted from
the loan refund.
“Detectives have grilled four more suspects and retrieved bank details on how the funds were wired into some accounts.
“EFCC operatives traced about N500
million, which was meant for a Consultant, to the account of a Governor.
The cash has since been paid back after the discovery.
“The operatives are trying to determine
whether or not the Governor is also one of the Consultants engaged for
advisory service by the NGF.
“The details of how the refunds were diverted will soon be made public, especially those involved,” the source said.
Responding to a question, the source added: “The President is expected to get a status report from EFCC on the investigation.
“It is a challenging moment for EFCC
,but its leadership is unwavering. Some of the beneficiaries of the N19
billion have vowed to frustrate the confirmation of the Acting Chairman
of EFCC, Mr. Ibrahim Magu, if he goes ahead with the probe.”
A Presidency source, who spoke in
confidence said: “President Muhammadu Buhari, who is awaiting briefing,
will not shield anyone implicated in the scandal.
“The President had an understanding with
NGF, on what the refunds should be used for. He will not spare any
infractions. When he saw the diversion coming, the Presidency issued a
“I think the ultimate goal of the Presidency, is to recover the N19 billion intact.”
Seven Governors have been fingered in the alleged diversion of the cash.
Two accounts (a naira account and a domiciliary account), were used to disburse the controversial cash by the NGF.
Apart from the payment of 2 percent of
the refunds to Consultants, about 3 percent was shared out to some
Governors. Investigators described this as “curious”.