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Oyegun In N671Million Scandal

Chief John Oyegun led National Executive Council of the All Progressives Congress (APC) is now enmershed in a N671million scandal.

Insiders said that savings of over N1b handed over in 2014 by the interim executive headed by Chief Bisi Akande has been hastily decimated without care for transparency

We gathered that some members of the party national executive committee were panicking when they got wind of the classified reports detailing consistent transfer of party funds running into billions of naira to personal bank accounts of a party chief over the years for purposes not stated in the covering memo.

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A member of the national executive committee revealed that… “My brother, someone like me who initially was among those canvassing tenure elongation became dumb when I saw the reckless way party money was being used. If you don’t have anything to hide, why put party’s money in personal accounts? As if that is not bad enough, once money got released, no one bothered to explain for which purpose and no retirement was made in line with the principles of book-keeping.

“So, the conclusion one could draw is that these people asking us to support the extension of their stay in office by all means are only out to continue this financial recklessness.”

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“Two suspicious  transactions on a single day resulted in the transfer of N143.8m via two letters addressed to the manager of the Maitama, Abuja branch of a leading new generation bank. The cash moved in two instalments of N100 million and N43,880,000 ended up in the account of another member of the party’s executive committee who hails from the Southeast.

“In another transaction, a letter entitled “Authority to Transfer the Sum of N50,000,000 from our account number (figure withheld)” was issued with the instruction to transfer the said amount to the same official.

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“On yet another day, another transfer of N48,470,000 from the party’s account with the Area 3, Abuja branch of a First Generation bank was carried out involving the two top executives of the party.

“A whopping N671,640,000 was transferred to the personal account of the party executive alone under such suspicious circumstances”.