Nigerian governor charged with mismanaging $15 mn
Zeenews
       English        
Thursday, May 31, 2012 
Search
Follwo us on: Facebook Follwo us on: Twiter RSS Mail to us Mail to us Mail to us
World

Nigerian governor charged with mismanaging $15 mn

Last Updated: Saturday, February 25, 2012, 18:10
Comments 0  
Nigerian governor charged with mismanaging $15 mn Abuja: A former governor of an oil-rich state of Nigeria has been slapped with corruption charges by the country's anti-graft body for laundering state assets and money to the tune of USD 15 million.

Nigeria's Economic and Financial Crimes Commission (EFCC) filed a six-point chargesheet against Timipre Sylva, a former governor of oil-rich Bayelsa state.

The prosecutor for the EFCC, Festus Keyamo said the former state chief executive is alleged to have mismanaged USD 15 million from the state coffers in form of assets and cash during his tenure as governor.

According to a statement issued by Keyamo, Sylva laundered USD 2.8 million of assets and attempted to defraud the state of USD 12.5 million.

The governor was removed by the country's Supreme Court alongside four other governors for staying beyond their tenure.

Nigeria's state governors receive huge amounts from the oil proceeds of Nigeria. Some have ended up being slapped with charges of embezzlement after leaving office.

An immunity clause in the constitution does not allow them to be arrested or prosecuted during their time in office. Nigeria is Africa's largest oil producer and has 36 states that depend heavily on the federal government for revenue.

PTI

First Published: Saturday, February 25, 2012, 18:10

Comments


View all Comments   

Post your Comments

Name
Place :
Email :
Comments :
 

Most liked Comments