Against Money Laundering Regulations, APC Lawmaker Shares N50million Cash To Political Associates As Ramadan Gifts [PHOTOS]
Against money laundering regulations, member of the House of Representatives representing Suleja /Tafa And Gurara federal constituency, Hon. Abubakar Lado, has shared N50 million cash among his political associates and friends as Ramadan gifts.
SaharaReporters reported that the lawmaker, who is a member of the All Progressives Congress, APC, shared the money on Tuesday.
The online newspaper quoted a source to have said that the federal lawmaker brought the cash sums and started sharing personally ranging from N200,000 to N1 million to his cronies – an event he asked photographers to capture for him.
It is not clear when he withdrew his N50 million cash or at which banks for the sharing to his cronies.
A source said, “Lado said It was necessary for him to pay loyalty with royalty. He said the money was to thank his people for their patience and loyalty. He said he particularly chose the Ramadan period to be able to repay them in full. The cash disbursements were given to beneficiaries as follows: N1million, N500,000, N300,000 and N200,000.”
Meanwhile, Suleja /Tafa and Gurara federal constituency in Niger State is one which has also had affair share of the insecurity and terrorism in Niger State, with bandits kidnapping at will and sacking many remote communities.