Stella Dimoko EFCC Unveils Gov Who Allegedly Built $3m Hotel With Paris Club Refund


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Monday, 15 May 2017

EFCC Unveils Gov Who Allegedly Built $3m Hotel With Paris Club Refund

Economic and financial Crimes Commission officials 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 France, Kemi Adeosun and the Central Bank of Nigeria.

SaharaReporters learnt that 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 Economic and Financial Crimes Commission (EFCC) source revealed to SaharaReporters.

According to the source, Mr. 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.

Mr. 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."

SaharaReporters 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.

from sahara reporters


Anonymous said...

this is the same man that said the meningitis outbreak is as a result of God's anger on us because we fornicate too much,while him that he is a THIEF is exempted from God's anger. Useless Politicians we have in this country,not even a good medical facility is in place in zamfara state yet this mad man stole billions to build hotel in lekki,

Anonymous said...

Sharia governor? Lol this idiot told the world gods wrath was on uis people tgat is why they are dying of sickness idiot

Miss Ess said...

Na wa

Alloy Chikezie said...


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Ralu M said...

He abandoned his people to die from meningitis claiming is an act of God for their sins yet he's a bloody thief...his own judgement will amaze even his enemies. Useless man. Zamfara state cannot boast of quality health facilities yet he ran to lagos to build a bloody hotel worth billions!.
Look at them bloody thieves! They should name the consultants that are charging an arm and a leg because they are the said consultants.

IJAY said...

So he also not clean and he was blabbing

LOLLAH said...

Waow...EFCC is trying but the system is corrupt mehn.
EFCC needs more man power because they have a long way to go

Anonymous said...

These people just make me want to puck.

Look at his thief thief face. Then him, his wife and children will now start showing off forgetting their father is an armed robber.

I weep for Nigeria and envy those who live in abroad.

ololade Salaudeen said...

May God punish all this heartless politicians, I wonder what Ajimobi and Aregbesola did with theirs, owing workers 12months salary, Yeye people

Sparkles said...

Now immunity clause will not allow EFCC to arrest him o, small time na so the matter go slip under carpet...
Nigerians are watching o, with 4D lens👀

sholetoga said...

O M G.....isn't this the same Governor that said its fornication that cause he's a thief........God should just dash him leprosy for stealing.......oloshi somebody

Anonymous said...

Unfortunately, God won't . This just makes me wonder about God

Anonymous said...

Please just leave God out of this, before you blasphem.

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