Seven Governors are reportedly under the searchlight of the Economic and Financial Crimes Commission (EFCC).

The Governors allegedly diverted funds from the London-Paris Club refunds, The Nation reports.

A source who spoke on the issue revealed that N19B and an unspecified amount were recovered from two accounts reportedly opened by the Nigeria Governors Forum (NGF).

“The detectives have uncovered the two accounts opened in the name of the NGF and the signatories to same.

“We are looking into circumstances behind such huge deposits from London-Paris Club refunds into these accounts.

“The payment of 2% of the refunds to consultants and 3% to some governors which was rated as “curious” by investigators have been confirmed. We also discovered that some of the governors nominated these consultants,” the source added.

Governor Ayo Fayose

One of such Governors presumed to be unfer scrutiny could be Ekiti State’s Ayodele Fayose who has been accused of diverting the N8.877b Paris Club refund given to Ekiti state by the Federal Government.

President Buhari had earlier advised the Governors to use the funds to settle the outstanding salaries of civil servants.

A source in the presidency revealed that Governor Fayose only paid one month out of the seven months owed workers.

The source said “The agreement between the Federal Government and the state governors was very clear.

“While 50 per cent of the amount released was to be used to offset outstanding salary and pension arrears, the remaining 50 per cent would be used for the payment of other obligations.

“Some governors have however reneged on this agreement.

“Security reports available to the Presidency showed that Governor Ayodele Fayose paid only one month out of eight-month salary arrears.

“The same governor went ahead to pay a curious 13-month salary to Ekiti workers. Yet, he got N8.877 billion refund.

“Instead of accounting for what he used the loan refund for, he has the temerity to attack the Federal Government on hardship in the country.

Also, investigations revealed that a huge amount of money was also given to a highly placed principal officer of the National Assembly.


Meanwhile, the Socio-Economic Rights and Accountability Project, (SERAP) has called on the Federal Government to take state Governors who allegedly mismanaged the Paris Club loan refunds to court.


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