Senate Uncovers How Jonathan, Sambo, INEC, FAAN, Others Diverted N665.8bn

The Senate has uncovered how former President Goodluck Jonathan, his deputy, Namadi Sambo, Independent National Electoral Commission , Nigerian Army, Federal Airports Authority of Nigeria and some Ministries, Departments and Agencies benefitted from alleged diversion of N665.8 billion Solid Minerals Development and Stabilisation Funds through the Accountant General of the Federation .

The Senate at the plenary held shortly before proceeding on its annual vacation approved the recommendation of the committee that the funds diverted between 2004 and 2015 be returned to government coffers within two months. Another N30 billion was released by the AGF to INEC in 2014 and 2015 for the conduct of the 2015 general election with the breakdown showing that N10 billion was released on July 3, 2014, while N20 billion was released on January 12, 2015, apart from N93 billion appropriated by the National Assembly in 2015 for the conduct of the elections nationwide.

The withdrawals from the Stabilisation fund also included N847 million paid to Ghana, Sao Tome and Pricipe for an unspecified purpose, the Independent National Electoral Commission also collected N87 billion to commence the fresh voters registration, but paid back N21 billion and yet to balance N66.7 billion.

The Auditor General’s report in its query against depletion of Special Funds said, “Amount totaling N455 billion were withdrawn from Development of Natural Resources as loans to various beneficiaries between 2004 and 2015, contrary to the established objectives of the funds. “The purpose of the stabilisation fund is to provide for unforseen contingencies and economic downturn and the beneficiaries are the 36 states and Federal Capital Territory . The stabilisation fund belongs to three tiers of government.”

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