Tag: Paris Club

Paris/London Club Refunds: ‘Only 5 Govs. reverted $3.1bn to Local Govts.’, Ned Nwoko petitions CCB

Aminu Imam

Chairman, Linas International, Ned Nwoko, has said except for Delta, Bauchi, Benue, Kwara, and Ondo States’ governors, other States, including the FCT, have defaulted in reverting $3.1 billion Paris/London Club Refunds to local government areas. Nwoko, who petitioned the Code of Conduct Bureau (CCB) called for an investigation of 30 state governors including the Federal Capital Territory for allegedly failing to remit $3.1 billion paid to their local government. The refunds to local governments in dispute were reportedly paid to and received by the State governments, acting through their umbrella…

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Ned Nwoko slams Wike on Paris Club Refunds

Aminu Imam

..Says he will go to jail for his atrocities The Ned Nwoko Media Directorate has condemned a video where the Rivers State governor, Nyesom Wike, purportedly made wild insinuations against Hon. Prince Ned Nwoko. In the video, the governor dabbled again into the issue of the $418 Paris Club refunds, which the Media Directorate said is the legitimate entitlement of Prince Ned Nwoko, “whose patriotic ingenuity, as a time-honoured lawyer, secured billions of dollars in favour of local and State governments including Wike’s administration as a beneficiary. Recall that Wike…

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Paris Club Refund: “You dished out half-truth” – Governors reply Ned Nwoko on alleged dollar bribes

Aminu Imam

The Nigeria Governors’ Forum (NGF) says comments made by a lawyer and business magnate, Ned Nwoko, regarding the Paris Club refund were “blatant lies and half-truths”. Recall that there has been controversy over consultancy fees amounting to $418 million from the Paris Club refund. Nwoko, on Saturday, alleged that the consultancy fee owed by the States and local governments was $68 million and not $418 million as claimed by NGF. He said the original claims calculated based on agreed terms were in excess of $300 million, but his firm “offered…

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Paris Club Refund: “NGF took $100m from us for State elections” — Consultants

Aminu Imam

The consultants working on the London and Paris Club refunds for Nigeria yesterday alleged that the Nigeria Governors Forum (NGF) demanded and received the sum of $100 million to prosecute elections in some States. Speaking at a press conference in Abuja on behalf of the Lead Consultants, Senator Ned Nwoko alleged that when he submitted a bill of $350 million as the consultancy fee, the State governors demanded to be paid 50 percent of it before it could be honored.  He said a former chairman of the Forum had explained…

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Paris Club Refund: Governors fire back at Malami, say he’s defending private interest 

Aminu Imam

The Nigeria Governors’ Forum (NGF) has responded to the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami over the controversy concerning the payment of consultancy fees amounting to $418 million from the Paris Club refund. Speaking on a television programme yesterday, the spokesperson of the NGF, Abdulrazaque Bello-Barkindo questioned why the AGF was so concerned about private claims to State funds. Recall that in 2021, the governors had obtained an order from a Federal High Court, in Abuja, restraining the Federal Government from deducting the money from…

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$418m Paris Club Refund: ‘AGF Malami working against public interest, colluding with consultants’ – Governors allege

Aminu Imam

The 36 State governors, under the aegis of the Nigeria Governors’ Forum (NGF), have raised an alarm over a purported attempt to deduct $418 million from the Federation Account to settle the controversial Paris Club debt to private consultants. The consultants are claiming a percentage of Paris Club refunds as payment for services they said they rendered to the States and local governments.  The governors alleged that a special relationship exists between the Attorney-General of the Federation (AGF) and Minister of Justice, Abubakar Malami and the private consultants above Nigeria’s…

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$418m Paris Club Loan: Don’t tamper with our money” – 36 States warn FG

Aminu Imam

The 36 States of the federation have issued a warning to Federal Government not to tamper with funds accruing to them and the 774 Local Government Councils in the guise of satisfying the alleged $418 million London/Paris Club Loan refund-related judgment debts. Speaking through the Body of Attorneys-General of the Federation, the States warned further that should the Federal Government proceed to make any such deduction, it would be acting illegally and in contempt of their appeal challenging the judgment. According to the States, said they were not parties to…

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‘Deduction of $418m Paris Club payments unlawful’, Nigerian Govs Forum tells FG

Aminu Imam

…Says it’s contrary to public policy and morality The Nigeria Governors’ Forum, (NGF), yesterday described plans by Federal Government to deduct the sum of $418 million Paris Club payments from the Federation Account as unlawful and contrary to public policy and morality. The Forum’s position was contained in a statement, titled: ‘Re: Paris Club refund: FG counters States, insists deduction lawful’, issued by the NGF’s Head, Media and Public Affairs, AbdulRazaque Bello-Barkindo. The Forum, which expressed its opposition against the payment of total sums of $86,546,526.65 and N19,439,225,871.11 in 2016,…

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