Nigerian State Governors, Senate President Saraki Pocketed Billions Of Naira From Paris Loan Refund

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In one of the largest financial scandals in recent years, Nigeria's 36 state governors and Senate President Bukola Saraki pocketed large slices of funds approved by the Federal Government to reimburse states for the excessive deductions charged to them on account of the Paris Club and other international loans.

In a statement, the Federal Ministry of Finance disclosed that President Buhari had urged the states to invest a minimum of 50 percent of the amount disbursed to them in people's welfare, especially for the payment of salaries and pensions.

In order "to ensure compliance with the directive that a minimum of 50 percent of any amount disbursed is dedicated to this, funds will be credited to an auditable account from which payments to individual creditors will be made.

To read full article - https://goo.gl/GMi9UE

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