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Gov Yari’s associates face prosecution over N2.2bn Paris Club refunds

The Federal Government will soon arraign associates of Governor Abdulaziz Yari of Zamfara State, over allegations of diversion of the sum of N2.2 billion Paris…

The Federal Government will soon arraign associates of Governor Abdulaziz Yari of Zamfara State, over allegations of diversion of the sum of N2.2 billion Paris Club refunds to the Nigerian Governor’s Forum (NGF).

This followed an interim forfeiture order in respect of the sum of N500m NGF funds, moved into First Generation Mortgage Bank Ltd, and another $500, 000 traced to Gosh Projects Ltd, which was on Friday granted the EFCC by a Federal High Court in Abuja.

A source at the EFCC yesterday stated that the commission was putting finishing touches to charges of abuse of office, obtaining by false pretence and money laundering against the management of First Generation Mortgage Bank Ltd and Gosh Projects Ltd.

“Even the governor too will be arraigned, but because of the Immunity Clause, his arraignment will not be immediate,” the source said.

The EFCC alleged that on December 23, 2016, the sum of N2.2bn was moved from the NGF account to a private firm, Bina Consults and Integrated Ltd. It stated that on the instruction of Governor Yari, Bina’s authorized signatory, Hassan Ahmed Danbaba transferred the sum of N500m to the Fidelity Bank account of First Generation Mortgage Bank Ltd to offset a 2013 loan.

Granting the forfeiture order, Justice Nnamdi Dimgba directed a notice to be made in a national newspaper and that any party, who may have interest in the forfeited funds may indicate within 14 days.