Politics Paris Club: How Governor Built Hotel With $3m Refund Cash



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Economic and Financial Crimes Commission, EFCC, has traced $ 3 million of the controversial London-Paris Club loan refund to a governor, The Nation learnt yesterday.

The cash, The Nation quoted EFCC sources, that it is believed to be part of the N19billion illegally deducted from the refund by the Nigeria Governors Forum (NGF).


The cash has been found in the account of a member of the House of Representatives who got it through a proxy, the lawmaker’s brother. Both were not available for comments.

The $3million is being spent on building a 100-room hotel in Lagos, which the governor may forfeit to the Federal Government.

Also, the EFCC has placed a restriction on N8billion and $80million in the naira and dollar accounts of the NGF.

Source: The Nation