Saturday, 28 January 2017

Politics Niger Delta Governor Loses $10m Bailout Funds To Girlfriend

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A governor from the oil rich region is under probe after the sum of $10 million he diverted from the bailout funds allocated to his state was hijacked by his girlfriend, The Nation reports.

The governor was said to have commissioned his mistress to help him launder the said sum only for the latter to refuse to remit it in the slush accounts the governor provided.

Already, the money in question has been traced to a bank in the United States of America

The Nation investigation revealed that the governor resorted to using his US-based mistress to stash the funds abroad in order to avoid monitoring by security agencies. 

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

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".

Source: The Nation

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