World News
Wednesday, July 19, 2017
Friday, July 07, 2017
Governor Abdulaziz Yari of Zamfara State has threatened to report the Acting Chairman of the Economic and Financial Crimes Commission, EFCC, to the Federal Government for intimidating governors, “for no just cause.”
Yari made the disclosure against the backdrop of allegations by the EFCC that he allegedly used N500m from the Paris refund loan to offset his personal loan obtained from First Generation Mortgage Bank Limited.
The anti-graft agency also alleged parts of the Paris Club loan refund were diverted from the Nigeria Governors Forum, NGF’s account on Yari’s instruction.
But, Yari, who is the Chairman of NGF berated the agency, for not “tidying its work” before going to court.
Addressing journalists in Abuja, Yari said all the allegations are lies, adding that, “all EFCC wants is for Nigerians to know it has invited a governor or that one former governor is arrested.”
He said, “I am going to write to the federal government that enough is enough; that either the EFCC should do its work or we should ‘do showdown’ with them (EFCC) because nobody became governor to be intimidated, to be harassed, to be abused by a DCP.
“You can’t fight corruption that way and forever, they (EFCC) will not achieve anything.
“In the case of my humble self, I have no idea why the EFCC is actually interested in the issue of the London Paris Club refund. It has been on this since inception up till now. It has been repeating, contradicting so many things especially about personalities.
“So, if there is anything wrong there, it should approach the person whom it suspects did something wrong, and not to be making noise about it. I challenge the chairman of EFCC to open up and say if he has ever come to me and interviewed me about what happened.
“We didn’t commit any fraud. I am not a signatory to that account but I am the head. So, it is what governors agree that I, as chairman, append my signature on. So now, they are saying $86m fraud, N19bn fraud, $3m hotel; which one do we believe?.”
By Seun Opejobi
Wednesday, July 05, 2017
The Federal High Court in Abuja has ordered an interim forfeiture of the sums of N500m and $500,000 allegedly looted from the Paris Club refunds by Zamfara State Governor, Abdulaziz Yari.

They were said to have been recovered from two firms, First Generation Mortgage Bank Limited, and Gosh Projects Limited.
The Economic and Financial Crimes Commission, EFCC, alleged that the sums of money were fraudulently diverted from the NGF’s bank account on the instruction of Yari.
In an affidavit by the EFCC, it alleged that the N500m was diverted to offset Yari’s personal loan obtained from the First Generation Mortgage Bank Limited.
It also alleged that the second firm, Gosh Projects Limited, utilised was paid for the purchase of building materials for Yari’s 100-room hotel project in Lagos.
Gosh Projects was also said to have used part of the looted funds for the purchase of treasury bills and transfers to offshore accounts.
Justice Nnamdi Dimgba made the interim forfeiture order of the sums of money to the Federal Government in a ruling delivered on June 30, 2017.
The ruling on the suit against Yari, also Chairman of the Nigeria Governors’ Forum, was made available to newsmen on Tuesday.
The judge also ordered that any person(s) or body with interest in the funds must, within 14 days of the publication of the interim order of forfeiture in any national daily, show cause why an order of final forfeiture to the Federal Government of the funds should not be made.
The judge granted prayers, including “an order of interim forfeiture to the Federal Government of Nigeria (the first applicant) of the sum of N500,000,000.00 recovered from the first respondent (First Generation Mortgage Bank Ltd.) and presently in the possession of the second applicant (EFCC) in its Recovered Funds Account domiciled at the Central Bank of Nigeria.
“An order of interim forfeiture to the Federal Republic of Nigeria (first applicant) of the sum of US$500,000.00, recovered from the second applicant (Gosh Projects Limited) and presently in the possession of the second applicant (EFCC) in its Recovered Funds Account domiciled with the CBN.”
By Wale Odunsi