The EFCC has revealed that the Zamfara state governor built a hotel with $3m he stole from London
-Paris Club loan refund – Governor Abdulaziz Abubakar Yari is currently under investigation by the anti-graft body.
The governor who is the chairman of the Governor’s Forum allegedly
illegally diverted N19billion reportedly meant for “consultants” from
the Paris club loan refund
According to the Economic and financial
Crimes Commission (EFCC) officials in Lagos, the governor building a
$3m hotel with Paris club refund to Nigerian states is Governor Yari of
According to Sahara Reporters, the governor who is
the chairman of the Governor’s Forum was said to have illegally diverted
N19billion reportedly meant for “consultants” from the Paris club loan
The hotel is said to be a 100-room property situated in
Lekki area of Lagos. Also teh anti-graft agency is said to be ready to
take over the hotel when the court order is obtained.
Yari also reportedly diverted N500 million from the Paris Club refund
to pay off a loan, which he withdrew from the N19 billion Paris Club
refund from the account of Nigeria Governors Forum.
Governor Yari transferred the sum to the mortgage bank from which he had borrowed N800m to purchase to properties in 2013.
governor had allegedly renegotiated his debt from N800m to N500m which
he then paid. So far, the total amount the governor is accused of
looting is N2.2 billion from the N19billion set aside illegally to pay
“consultants.” Meanwhile, When news first broke that EFCC officials have
traced $3 million of the controversial London-Paris Club loan refund to
a governor, Nigerians were furious to hear that he allegedly used it to
build a hotel.