Governors Girlfriend Absconds With $10 Million Bailout Funds

Governors Girlfriend Absconds With $10 Million Bailout Funds

A governor in one of Nigeria’s oil producing states is under probe after $10 million he diverted from the bailout funds allocated to his state was hijacked by his America-based mistress.

The unidentified governor had commissioned his mistress to help him launder the money to a slush accounts the governor provided. But instead, the lady sent the money into her own account in the United States.

The money in question has been traced, according to a report by The Nation newspaper.

According to the report, the governor resorted to using his US-based mistress to stash the funds abroad to avoid detection by security agencies.

The cash was allegedly either wired or hauled in tranches in order to beat the nation’s Financial Intelligence Unit (FIU).

In spite of the governor’s tricks, however, security agencies were able to intercept the deal between him and his mistress.

It was gathered that the diversion of the looted $10 million by the mistress created an uproar that triggered the ongoing investigation of the deal between the love birds.

One of the sources involved in the probe said: “A governor from an oil-producing state is in soup and under probe by some security agencies.

“The governor seems to have been duped by his mistress who stays in Texas in the United States.

“The governor is worried after discovering that his girlfriend has defrauded him of $10 million.

“What started as a love affair and promises of good faith has turned sour.

“Yet the governor would not want his wife or the people of the state, who will be disappointed, to know about this ugly transaction.”

The security chief added: “Investigation so far indicated that the governor allegedly diverted part of the bailout funds meant for his state to the mistress.

“Very soon, the details of the transaction will be revealed to Nigerians.

“This is why the government has decided to monitor how bailout funds and London-Paris loan refunds were spent.”

The Presidency in 2016 released the sum of N1. 266.44 trillion to 36 states within nine months.

The breakdown includes N713.70 billion special intervention funds to states and London Paris Club loan refunds of N522.74 billion.

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) had said 16 states were yet to disburse about N57.6 billion of the bailout funds approved for them by President Muhammadu Buhari.

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4 Comments

  1. You see.. When will Nigerians learn that these so-called governors are nothing but rogues? Until we stop selling our votes for money and elect credible people to lead us before these carnage will stop. Population is below 250million and someone stole $10 = N470b. Do the math and see what each individual will have! Wake up Nigerians the sleeping giants!

  2. The most surprising thing is that,the people from this region have never seen any thing wrong with their Governors,they never border for once to ask how they spend several revenues,such as,federal allocation,intervention funds,IGR,ecological funds,13% derivation funds etc but!rather!they keep blaming the federal government for their woes.

  3. Hmmmmmm, the governor should have been mentioned.
    It’s really baffling though, especially when you consider that there are people in search of #600,000 to undertake treatment and can’t obtain such from any of our elected officers yet such amount can be used to play with an international girlfriend.
    And it’s the tax payers that will still suffer it. God will surely help us

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