The Economic and Financial Crimes Commission (EFCC) has alleged that Chairman of the Nigeria’s Governors’ Forum, Zamfara State Governor, Abdulaziz Yari used the sums of N500m and $500,000 diverted from the Paris Club refunds to build his hotel in Lagos State.
PUNCH reports that Justice Nnamdi Dimgba of a Federal High Court in Abuja made the interim forfeiture order of the sums of money to the Federal Government in a ruling delivered on June 30, 2017.
The sums of money, said to have been recovered from two firms, First Generation Mortgage Bank Limited, and Gosh Projects Limited, were allegedly linked to Yari.
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 ruling was delivered in an ex-parte application jointly filed on June 19, 2017, by the Federal Government of Nigeria (the first applicant) and the EFCC (the second applicant).
The Economic and Financial Crimes Commission alleged that the sums of 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 from the First Generation Mortgage Bank Limited.
It also alleged that the second firm, Gosh Projects Limited, utilised most of the proceeds of the alleged loot, transferred to it 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.