N500m Paris Club Money Traced To Governor ’s Account

About N 500 million of the London - Paris Club loan refund has been traced to the account of a Governor .

THE NATION reports that the Economic and Financial Crimes Commission (EFCC) detectives are probing how the money, which was meant to pay a consultant, found its way into the yet unnamed governor ’ s account .

A source who spoke anonymously said , “ In spite of the protestation of some governors, the EFCC has decided to conclude the ongoing probe of the N19 billion diverted from the loan refund .

“ Detectives have grilled four more suspects and retrieved bank details on how funds were wired into some accounts. EFCC operatives traced about N 500 million, which was meant for a consultant , to the account of a governor . The cash has since been paid back after the discovery .

“ The operatives are trying to determine whether or not the governor is also one of the consultants engaged for advisory service by the NGF . The details of how the refunds were diverted will soon be made public, especially those involved , ” the source said .

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