N19bn Paris Club scam: EFCC report indicts Saraki, aides, ex-bank MD

The Economic and Financial Crimes
Commission has submitted a report to President Muhammadu Buhari linking Senate President, Bukola Saraki, and some of
his aides to the diversion of about N19bn from the N522bn Paris Club refund.

The report also fingered Mr. Robert Mbonu of Melrose General Services Limited.
Mbonu is a former Managing Director of Societe Generale Bank of Nigeria, the commercial bank owned by the Saraki family
which was later liquidated.

The Federal Government had, in December 2016, approved the sum of N522.74bn to be
paid to the 36 states of the federation as part of the reimbursement of the over-
deduction on the Paris Club loan from 1995 to 2002.

The EFCC had sometimes in January discovered that the loan refunds were illegally routed through the account of the
Nigeria Governors Forum by the Central Bank of Nigeria.

Upon receiving the funds, the NGF, in an alleged connivance with Saraki, began remitting huge sums to private consultants
who then laundered about N19bn.
According to the report, apart from the NGF, others under investigation include the
Relationship Manager to the Senate President in Access Bank, Kathleen Erhimu.

Some others under probe and identified as Saraki’s aides include Obiora Amobi, Gbenga
Makanjuola, Kolawole Sh!ttu and Oladapo Idowu.

The report alleges that sometimes in December, Saraki introduced the ex-bank MD, Mbonu, to Erhimu.

Others at the meeting were Saraki’s aforementioned aides.
It added that sequel to the meeting, the sum of N3.5bn was lodged into Melrose General
Services Company account number
0005892453, domiciled in Access Bank from the Nigeria Governors Forum on December 14.

The report stated that two of Saraki’s aides, Obiora Amobi and Gbenga Makanjuola, were
introduced to Access Bank as
representatives of Melrose General Services Limited by Mbonu to enable them to make cash withdrawals from the account.

It added that Amobi and Makanjuola made cash withdrawals in various tranches of
N5m and N10m.

The report reads in part, “Based on the foregoing findings, it is clear that Robert Mbonu, the Managing Director of Melrose
General Services Company and his company were used to help divert proceeds of unlawful activities under the guise of payment for contractual obligations with the
Nigeria Governors Forum.

“Suffice to apprise that all payments received by Melrose General Services Company from the NGF have hitherto been
diverted directly via cash withdrawals and indirectly through transfers by Gbenga Peter
Makanjuola, Kolawole Sh!ttu and Oladapo Joseph Idowu, who are principal aides to the Senate President.

“Furthermore, other payments from Melrose General Services Company have also been
linked to companies that Dr. Bukola Saraki has interest in and carries out transactions with.

“This includes the sum of $183,000, which was transferred to Bhaska Devji Jewellers,
Dubai, a company Dr. Bukola Saraki had repeatedly made payments to.

“Also, the sum of N200m was transferred to Wasp Networks Limited that subsequently
transferred the sum of N170m to Xtract Energy Services Limited, a company that routinely made deposits into Dr. Saraki’s
Access Bank US Dollar Domiciliary account.”

The report concludes that a prima facie case of conspiracy to retain the proceeds of unlawful activities and money laundering,
contrary to sections 15(3) and 18(9) of the Money Laundering Prohibition Act 2004, could be established against the
aforementioned suspects.

“Additionally, investigation into their personal accounts is ongoing,” it adds.
When contacted, the Special Adviser to the Senate President on Media and Publicity, Mr.
Yusuph Olaniyonu, who spoke on behalf of Saraki, said he would not react except he sighted the report.

“Send the report to me and I will be able to read it and contact the necessary people. If I don’t see the report, I cannot react to it in
abstract. Send me the report if you want our reaction,” he said.

The spokesman for the EFCC, Mr. Wilson Uwujaren, confirmed that investigations were ongoing into the Paris Club scam.
He, however, said he did not know the specifics of the investigations.

“I can only confirm that there are
investigations but I don’t have details,”
Uwujaren said.