Dino Melaye Lied... FG says no $4billion shared to states

Recall that OluFamous.Com had asked what Senator Dino Melaye was really up to with those wild allegations, even as he singled out Governor Rauf Aregbesola for attack. Well, here's an update:

The federal government has dismissed reports that it secretly shared over $4billion, being refund of over-deduction from the federal and the 36 States as Paris and London Club debt repayments.

‎Dino Melaye on Monday accused the Federal Government of sharing the money in November 2016‎.

He made the claim on his Facebook page. He called on the EFCC to step in and ensure the funds paid to the state governments was not looted.

He shad said: “‎The 36 states of the Federation collectively received over $4 billion being the over-deduction on Paris and London Club Loans on the accounts of State and Local Governments from February 1990 to March 2002,” Mr. Melaye said.

‎"The movement of the funds has been confirmed by the Central Bank of Nigeria. Nasarawa State received N68 billion, Kogi, N80 billion; Benue, N91 billion, while Plateau, received 75 billion.

“Osun received N84 billion and Edo State received N82 billion. The monies were credited into the respective accounts of all the 36 states of Federation on Monday, 21st November, 2016, while that of Plateau State was paid into a UBA account (1019894291). Nasarawa State confirmed to have been paid into Fidelity and Skye Banks for State Government (N46 billion) and Local Government (N22 billion) respectively,” he said.

Dino also claimed that all governors did not want the public, especially civil society organisations, to know about these monies, hence the secrecy in the payment.


Reacting to the allegation, the Minister of Finance, Kemi Adeosun, said ‎no such money was shared.

“It is absolutely not correct. No $4billion was shared. Where will the government get the $4billion from?”‎ asked Mrs. Adeosun.