As part of its ongoing investigation into the the utilization of the Paris Club Refund, the Economic and Financial Crimes Commission (EFCC), has indicted some governors of gross abuse of the cash.
According to a source who spoke with The Nation, who gave an update on the investigation of the refund, he said: “We have traced diversion of funds to three more governors and their cronies. This is apart from two governors who have been fingered in such deals.
“Detectives have also uncovered another account opened by the Nigeria Governors Forum(NGF) where suspicious transactions related to the London-Paris Club refund have been found.
‘We have rated this new discovery as a slush account. This is aside the two accounts on which we placed Post No Debit (PNB).”
According to the source, “more consultants have confessed that they were paid for jobs not done.
“So, we have cases of diversion of public funds into private accounts under the guise of consultancy fees. This explains why salaries have not been paid in some states”, the source added.
He went on: “We will release the details to the public very soon. All the suspects will certainly face trial. Those who have immunity will face the consequences, no matter how long it takes.
“Already, one of the governors has forfeited N500million and another crony of the second governor has refunded $500,000 out of $3million linked to his account.
“We have also applied for the forfeiture of over N1.823billion by some consultants hired by the Nigeria Governors Forum (NGF).”