The Federal High Court in Abuja on Tuesday ordered an interim forfeiture of the sums of N500m and $500,000 said to have been looted from the Paris Club refunds made by the Federal Government in favour of the 36 states of the federation.
The money is said to have been recovered from two firms, First Generation Mortgage Bank Limited, and Gosh Projects Limited, and were allegedly linked to the Governor of Zamfara State and Chairman of the Nigeria Governors’ Forum, Abdulaziz Yari.
According to the Economic and Financial Crimes Commission, EFCC, the money were fraudulently diverted from the NGF’s bank account on the instruction of Yari.
The commission also alleged, in an affidavit filed in support of its ex parte application seeking the interim forfeiture of the sums of money, that the N500m was diverted to offset Yari’s personal loan obtained…
Read More…..PM News
