Skip to main content

40 Vehicles Recovered From Ex-Perm Sec Bought With BANK LOAN


The over 40 vehicles allegedly recovered from a former Federal Permanent Secretary by the Economic and Financial Crimes Commission, EFCC, might have been purchased with a N1.8 billion bank loan.

It was learned that the vehicles in question were purchased with a facility from a new generation bank, as part of the transportation plans for the Jonathan/Sambo Campaign arrangements for the presidential election in 2015.

A source close to the Campaign Organisation clarified that contrary to the generally held view that the vehicles were purchased with corruption money, they were paid for with the facility.

As learned, some of the vehicles that came into the campaign pool as donations or purchased with party funds had already been distributed or returned to the donors, while those bought with the loan were kept in the custody of the former Perm Sec while arrangements were on to sell them in order to re-pay the loan. The N1.8 billion loan was obtained on November 20, 2014 for the purchase of ‘luxury vehicles for VIP use’ with an extended repayment plan beginning from December 2016.

The loan was said to have been released in five tranches and the bank had made statements to EFCC detailing the transactions in September, last year. The bank was said to have informed the EFCC that the loan followed due process and that those who took the facility could not be said to have defaulted as at then since the
Post a Comment

Popular posts from this blog

U.S. Military Helicopter Crashes In Iraq On Thursday, Killing 7 People On Board

One of the U.S. military helicopter in Iraq has crashed after hitting a power line in Iraq's western Anbar province, killing all seven personnel aboard.

According to a statement from Pentagon this morning, the officials said the crash of the HH-60 Pave Hawk helicopter occurred Thursday afternoon near the town of Qaim.

"All personnel aboard were killed in the crash," Brig. Gen. Jonathan P. Braga, director of operations, Combined Joint Task Force - Operation Inherent Resolve, said in a statement.

"This tragedy reminds us of the risks our men and women face every day in service of our nations," he said. "We are thinking of the loved ones of these service members today."

The statement further said;

Wife Of Donald Trump Junior Files For Divorce

(Reuters) - The wife of Donald Trump Jr., the eldest son of U.S. President Donald Trump, has filed for divorce in New York, according to court records.

Vanessa Trump, a former model and actress, and Trump Jr. said in a joint statement on Thursday: "After 12 years of marriage, we have decided to go our separate ways."

The statement was provided by the Trump Organization, the president's business empire, which his son helps manage.


Further details were not immediately available on the uncontested divorce filing by Vanessa Trump in a New York state court. She and Trump Jr. have "enormous respect" for each other, according to the joint statement, which also asked for privacy.

Prison Officers Secretly Move Charles Okah To Borno Prisons After Life Sentence

Charles Okah, the brother of the leader of the Movement for the Emancipation of the Niger Delta (MEND), who was given a life sentence for terrorism, has been secretly moved from Kuje Prisons, Abuja, to one of the prison facilities in Borno State, THISDAY has learnt.

Worried about his seeming familiarity with the prison environment and the officers at the Kuje Prisons, the authorities of the Nigerian Prison Service (NPS) last Tuesday transferred him quietly.