May 14, 2017

SERIOUSLY? Governor Yari Builds Massive Hotel In Lagos With Funds Stolen

Officials of the Economic and Financial Crimes Commission (EFCC) 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 Finance, Kemi Adeosun and the Central Bank of Nigeria.

According to SR, 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 EFCC source revealed to SR.

According to the source, Governor 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.

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."

SR 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.

17 comments:

inumidun said...

Awón ole játíjátí..

Nasiru Adoke said...

chai! abdulaziz yari fear God! peoples money is what you are eating as if its your profit money from business.efcc if given the full power you kno what to do

Sunshow said...

Big looters

Anonymous said...

Hmmm, corruption everywhere.

Austine Gabriel said...

Interesting

Owomide Martins said...

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I. C Bruno said...

Corruption continues

Onifade Joseph said...

Good work @Efcc, more of that, no peace for the wicked
#Believe

kenneth mokwenye said...

God will continue to expose and put them to shame in Jesus Name

Anonymous said...

So, the person wey una dey call thief, bastard get another name.
Wetin Yari mean for hausa, na bastard or another name for thief?

Ay360 said...

Some people are just selfish

Ay360 said...

This is really sad may her soul find rest

abdulrasaq abdulrafii said...

Bringbackourmoney

Hassan Aderemi said...

Honestly is more or less mental illness to steal what you know that one day you will die & will be of no value to you after your demise, looters need to visit psychiatric.

Rasheed Lawal said...

foolish that are making guys looks like a lazy person because all our right have been diverted

okorochas justin said...

Criminal...

Queen Abiodun Ogunnika said...

What is EFCC waiting for the thief should be arrested sharp sharp

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