Two Nigerian governors are at risk of losing an alleged $3m, N500m loots in custody of the Economic and Financial Crimes Commission, EFCC. According to a report, the governors who have not been named diverted the lump sums from their states share of the London-Paris loan refund. On the N500m loot, the report claimed a mortgage firm to which one of the affected governors entrusted the cash handed it over to EFCC following a probe.
An EFCC official allegedly revealed the organisation had on Monday (yesterday), “filed an application before the court for an interim forfeiture” of the money.
“The purported owner of the cash has a two-week deadline to come forward to claim it or have it forfeited permanently to the Federal Government.”
Moreover, the EFCC said it had similarly applied for an interim forfeiture order on the $3m, a result of which three persons and two companies are being investigated. The money was being held in trust by the companies and other indicted persons for the said governor.
One of those being investigated over the $3million is a member of the House of Representatives, who allegedly had become elusive. The said representative is also a former commissioner.
“As I am talking to you, the EFCC has placed a No Debit Order on the three accounts associated with the $3million which was diverted from the London-Paris Club to build a 100-room hotel for another serving governor. One of the accounts is in a bank noted for domiciliary account business. The two others have been named in some suspicious transactions during the immediate past administration,” an EFCC source allegedly said.
On the extent of investigation of the cash, he said: “One of those questioned over the $3million has actually refunded $500,000.
“The EFCC team really did a wonderful job in tracking the cash. In fact, a notable project firm, which has had partnership with the governor in the past, was implicated in the $3million deal.
“We have sought for the seizure of the $3million and the N500million in line with Sections 28 and 34 of the EFCC (Establishment Act) 2004 and Section 13(1) of the Federal High Court Act, 2004.
The Presidency has so far released about N1. 266.44trillion to the 36 states in the past one year including N713.70billion special intervention funds to states.