How Jonathan’s Cousin, Govt Officials Shared N27bn PHCN Sale Proceed


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The Economic and Financial Crimes Commission (EFCC) has disclosed how a cousin of former President Goodluck Jonathan and some top government functionaries in the administration shared N27 billion in 2014, being part of proceeds of the sale of the Power Holding Company of Nigeria (PHCN).

This was made known in an ex-parte application filed by the anti-graft body on December 5 before the Abuja Division of the Federal High Court.

Named in the suit are then Chief of Staff to Jonathan, Brig. Gen. Jones Arogbofa (retd.); the then Accountant General of the Federation, Mr. Jonah Otunla; and the then Permanent Secretary in the Ministry of Power, Dr. Godknows Igali.
Others also named in the scam are a cousin to Jonathan, Robert Azibaola; a former Director – General , Bureau for Public Enterprises, Mr. Benjamin Dikki; and a former Minister of State for Power, Mohammed Wakil, The Punch reported.

According to EFCC, the named individuals got monies credited to then directly or through fronts.

The anti-graft body said that Arogbofa got N150 million; Dikki got N1 billion; Igali got N475 million; Otunla got N3.6 billion; Jonathan’ s cousin, Azibaola got N2.5 billion; and Wakil got N 118 million.

EFCC also disclosed that it had recovered the sums of N6,584, 785, US $ 222,000, and N 2,028,800,000 worth of shares of Aso Savings Limited recovered from the suspects .

Also, EFCC said it had recovered twelve houses and two landed properties in Lagos, Ibadan and Abuja from the suspects.

The body is seeking an interim forfeiture order on all the recovered items pending the commencement of trial.

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