A governor is under probe after the sum of $10 million he diverted from the bailout funds allocated to his state was hijacked by his mistress.
The governor was said to have commissioned his mistress to help him launder the said sum only for the latter to refuse to remit it in the slush accounts the governor provided.
Already, the money in question has been traced to a bank in the United States.
The Nation investigation revealed that the governor resorted to using his US-based mistress to stash the funds abroad in order to avoid monitoring by security agencies.
The cash was allegedly either wired or hauled in tranches in order to beat the nation’s Financial Intelligence Unit (FIU).
In spite of the governor’s tricks, however, security agencies were able to intercept the deal between him and his mistress.
It was gathered that the diversion of the looted $10 million by the mistress created an uproar that triggered the ongoing investigation of the deal between the love birds.
One of the sources involved in the probe said: “A governor from an oil-producing state is in soup and under probe by some security agencies.
“The governor seems to have been duped by his mistress who stays in Texas in the United States.
“The governor is worried after discovering that his girlfriend has defrauded him of $10 million.
“What started as a love affair and promises of good faith has turned sour.
“Yet the governor would not want his wife or the people of the state, who will be disappointed, to know about this ugly transaction.”
The security chief added: “Investigation so far indicated that the governor allegedly diverted part of the bailout funds meant for his state to the mistress.
“All relevant security agencies are already tracking how the cash was wired to the mistress as well as the whereabouts of the funds.
“Very soon, the details of the transaction will be revealed to Nigerians.
“This is why the government has decided to monitor how bailout funds and London-Paris loan refunds were spent.”
The Presidency in 2016 released the sum of N1. 266.44 trillion to 36 states within nine months.
The breakdown includes N713.70 billion special intervention funds to states and London Paris Club loan refunds of N522.74 billion.
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) had said 16 states were yet to disburse about N57, 663, 185, 735 of the bailout funds approved for them by President Muhammadu Buhari.
The agency also indicted some of the states for diverting the bailout funds which were meant for workers’ salaries.
I have been reporting on latest news from Nigeria for almost 10 years now. I report on every possible news area I come across, but always ensure my reports are compiled with dignity and fact to uphold my personal values and duty as a journalist
Posted: at 28-01-2017 09:16 AM (7 years ago) | Addicted Hero
Afriqueenn at 28-01-2017 10:39 AM (7 years ago) (f)
Akwa Ibom...Ini Edo...the Almighty God is watching all of you who make Nigerians go hungry...don't forget God's judgement is slow but sure
Posted: at 28-01-2017 10:39 AM (7 years ago) | Upcoming
Men sabi jonz,say you dey pay girl scatter,buy her everything wey em need,carry am go vacation,but you still gum your wife so you feel she no get bobo wey dey ginger her for corner,as in Bobo wey know say una dey run things?? Bobo wey go dey give her mind. Wetin una do for secret dun go public na. Abeg give the state back their money
Posted: at 28-01-2017 10:59 AM (7 years ago) | Hero
bishopdon at 29-01-2017 04:31 AM (7 years ago) (m)
This is y we are not moving forward in this country, what stop the EFCC, ICPC and Media from mentioning this governor name, y cover evil and expect the nation to get better. If this is allegations that has not be ascertained, y rush to report half news. When will Nigeria improve?
Posted: at 29-01-2017 04:31 AM (7 years ago) | Upcoming
Why is it that only the wicked morons and idiotic, irresponsible fools are on the positions of responsible. Because of this irresponsible people we put in positions of responsibility, Africa is backward.
Posted: at 29-01-2017 09:38 AM (7 years ago) | Upcoming