Governors have joined the ongoing battle to stop Ibrahim Magu from becoming Economic and Financial Crimes Commission (EFCC) chairman.
Some of them are ganging up with some senators who are opposed to Magu’s renomination, The Nation learnt yesterday.
The governors are said to be displeased that the EFCC is investigating the disbursement and management of N388.304billion of the N522.74 billion released to 35 states as refunds of deductions on the London-Paris Club loans.
Also, it was learnt that Magu’s fate was mentioned at the talks between President Muhammadu Buhari and National Assembly leaders, led by Senate President Bukola Saraki, in London on Wednesday.
According to sources, most of the governors are opposed to the EFCC’s ongoing probe of the N388.304billion London-Paris Club loan refunds.
The big earners are: Akwa Ibom, Bayelsa, Rivers, Delta, Katsina, Kaduna, Lagos, Imo, Jigawa, Borno, Niger, Bauchi,and Benue.
Only Kano State and the FCT did not benefit from the reimbursement.
Ondo was only paid 50 per cent of its refunds (N6,513,392,932.28) because of leadership change in the state which will soon lead to the inauguration of the Governor-elect, Chief Rotimi Akeredolu.
The top beneficiaries are: Akwa Ibom – N14,500,000,000.00; Bayelsa – N14,500,000,000.00; Delta—N14,500,000,000.00; Kastina -N14,500,000,000.00; Lagos – N14,500,000,000.00; Rivers
-N14,500,000,000.00; Kaduna – N14,362,416,363.24; Borno-N13,654,138,849.49; Bauchi – N12,792,664,403.93; Benue – N12,749,689,453.61; Sokoto—N11,980,499,096.97; Osun– N11,744,237,793.56; Anambra– N11,386,281,466.35; Edo– N11,329,495,462.04; Cross River – N11,300,139,741.28; Kogi – N11,211,573,328.19; and Kebbi – N11,118,149,054.10.
The Federal Government reached a conditional agreement to pay 25% of the amounts claimed subject to a cap of N14.5 billion to any given State.
Balances due thereafter, will be revisited when fiscal conditions improve.
Source: The Nation