Yari: Ex-Governor in trouble over N900b Zamfara fund

July 9, 2020
30 Views
  • Group demands probe of former governor of Zamfara State, Abdulazeez Yari over misappropriation of N900bn State funds

  • Vows to go to court for order compelling EFCC, ICPC, NFIU to investigate former governor

The Patriots for the Advancement Of Peace and Social Development (PAPS) has urged the Economic and Financial Crimes Commission (EFCC) to arrest, investigate and prosecute the former Governor Of Zamfara State Abdulazeez Yari over the misappropriation and misapplication of over N900 billion belonging to the state during the eight years he held sway as the Zamfara State Governor.

The group in a petition addressed to the EFCC, the Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Nigerian Intelligence Financial Unit (NFIU) vowed to go to court to obtain an order of mandamus compelling the anti-graft agencies to investigate the former Governor in line with the laws setting them up.

Fidelity LeaderboardFidelity Leaderboard

The group stated that in the fight against corruption there should be no sacred cow, selective justice and favoritism and that Yari being a member of the ruling All Progressives Congress (APC) and close confidant Of Mr. President Muhammadu Buhari should not be shielded from investigation and prosecution for the looting of Zamfara State.

It is on record that other former Governors like Joshua Dariye, Jolly Nyame and just recently Orji Uzor Kalu were convicted of corruption charges while many other former Governors from the opposition parties are currently being investigated or tried for corruption.

In the petition dated June 30th, 2020 and sent to the EFCC, ICPC and NFIU and signed by PAPS Chairman Alhaji Sani Abdulahi Shinkafi the group stated that the immediate past Governor Of Zamfara State, Yari superintended over the most atrocious and highest degree of primitive looting of the state treasury since the creation of Zamfara State in 1996.

The interim report of the State’s project verification committee, transition committee report, local government project committee report has made chilling, startling and significant disclosures to this effect.

“During the year 2015 to date the Zamfara State government has received the sum of N56,024,477,670.01 as intervention funds namely, salaries bailout, Excess Crude Account, Commercial Bank Restructured Loans from Debt Management Office (DMO) ABUJA and Budget Support facility all from the Federal Government for the following purposes;

Salaries Bailout

This bailout was grabbed by the federal government through Skye Bank to the time of N10.020,952,964.51 to Zamfara State government has at 9% for a tenor of 20 years for the payment of salary arrears to the state and local government workers.

Conversion of commercial bank loan to FGN bond

This facility was facilitated by the DMO Abuja in converting the state and local government bank loans outstanding as at that time to the time of N18,434,524,705.50 to the federal government bond which will ease the state to have a lower repayment of the loan or a longer period of time.

The tenor of the loan is 19 years at 14.8%.

Shinkafi further stated that “the state government under Yari receives N10Billion from the Excess Crude Account (ECA) for infrastructural projects across the state at 9%per annum with 20-years tenor and the ECA was issued as collateral.

The state government received N17,569,000,000.00 at 9% with one year moratorium and for a ten year tenor through the CBN and N48,224,609,042.91 as Paris Fund refund.

The state also received N37. 4billion as refunds for federal roads from the Federal Ministry Of Works on the eve of the expiration of the tenure of the Yari administration and the funds cannot be traced by the present administration.

Related Posts

He alleged that “the N600 billion received from the Federal Account Allocation Committee from May 29th 2011 to May 29th 2019 were all misappropriated without proper documentation, accountability, over invoicing and siphoning of the said funds.

The Yari Administration left over N57,996,730,718.30 as loans from Commercial Banks.

“1019 Undocumented vehicles were purchased at the cost of N5,544,358,300.14 between 2011 and 2019 through the office of the Secretary to the Government which cannot be accounted for.

  • “Over invoicing and inflation of contract sum for the Yariman Babura Specialist Hospital to the tune of N793,331,076.65.
  • Over invoicing of Borehole contracts under the SDGs to the tune of N63,798,050.00, N7,003,647,960.00 was misappropriated through the school feeding while,
  • N1,688,125,000.00 was the sum of inflated cost for the purchase of Golf Cars, tricycles and bicycles by the Zamfara Agency for Poverty Alleviation (ZAPA)” he added.

Shinkafi stated that there was an inflation of the contract for the rehabilitation of the General Hospital Gusau to the tune of N129,492,053.09, inflation of the contract for the rehabilitation of Federal, State and local government roads to the tune of N60,575,231,468.97.

He also diverted the sum of N10 billion obtained from the CBN under the guise of purchase of agro-chemicals and agricultural Commodities for boosting of agricultural production in Zamfara State”

“In February 2019, during the heat of the general elections and APC’s Zamfara primary election crisis, the sum of N5 billion each else’s paid into the accounts of two companies Danbazau Global Investment Ltd and Babura Global Concept Ltd.

“There is also the fraudulent payment of N253,886,027.11 to Al-Shauib Consultant owner by a close associate of Yari as Tax Consultancy Services, the said Al-Shauib lacks competence and is ineligible to render tax consultancy services under the Zamfara State Law No.14 Of 2016.

“Contract was also awarded to Shenzhen and Minerals Ltd to the tune of N261,121,280.00 for the exploration of solid minerals since 2012 and 2014 and by 2019 the projects are yet to commence” he added.

The PAPs Chairman noted that “there is also the issue of the fraudulent payment of N150,000,000.00 to Flamingo Resources as Consultancy services to negotiate a loan from the Federal Mortgage Bank for Daza Housing Project.

“Flamingo Resources is a company in which Alhaji Murktar Shehu Idris (Yari’s former Commissioner for Housing and Urban Development, Ministry of finance and APC Governorship Candidate in the 2019 general elections is alleged to have vested interest.

“Yari and his cronies shared among themselves the sum of N1,995,000,000.00 being part of the N2 billion loan from the Central Bank of Nigeria to Small and Medium Enterprises In 2014.

“Only N5,000,000,00k was shared to the Zamfara State Chamber of commerce members.

Read also:

Zamfara: I challenge anyone to expose me – Ex-gov. Yari



DISCLAIMER : Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ElombahNews!


Would you like to be receiving ALL Elombah.com links ‘On The Go’ on WhatsApp Or Telegram? If yes, kindly join us here on WhatsApp or Telegram, or provide us your Telephone number via publisher@elombah.com or sms/inbox +2349050382526 and you are good to go!


DOWNLOAD The ElombahNews (Elombah.com) Mobile App Here


Send eyewitness accounts/ reports/ articles  to publisher@elombah.com; follow us on twitter @ElombahNews; like our Facebook page: ElombahNews


For adverts & inquiries, call +447460770987, +2349050382526

You may be interested

News
2 views

Breaking: Nnewi CPS set on fire by angry mob

admin - October 22, 2020

<!-- Breaking: Nnewi CPS set on fire by angry mob - ElombahNews HomeNewsBreaking: Nnewi CPS set on fire by angry…

Prof. Attahiru Jega supports #EndSARS protest
News
News

Prof. Attahiru Jega supports #EndSARS protest

admin - October 22, 2020

Former INEC chairman, Prof. Attahiru Jega Former Chairman of the Independent National Electoral Commission (INEC), Prof. Attahiru Jega has thrown…

#ENDSARS: Police stray bullet kill young product designer in Lagos
News
1 views
News
1 views

#ENDSARS: Police stray bullet kill young product designer in Lagos

admin - October 22, 2020

<!-- #ENDSARS: Police stray bullet kill young product designer in Lagos - ElombahNews HomeNews#ENDSARS: Police stray bullet kill young product…

Leave a Comment

Your email address will not be published.