paris club refund

http://saharareporters.com/2020/08/11/multi-billion-naira-fraud-rocks-association-local-governments-nigeria-interim-management

State governors across party lines are presently fuming over an alleged secret payment of N16.67 billion, said to be the last tranche of Paris Club refund payment to Osun state government. The state government was in December 2017 paid along other states by the federal government the third...

The Federal Government has released a state-by-state breakdown of another tranche of Paris Club refund. The money was released alongside the allocations from the Federal Accounts Allocation Committee (FAAC). Idris Ahmed, accountant general of the federation, who announced this in a statement...

President Muhammadu Buhari has directed the Minister of Finance, Mrs. Kemi Adeosun; the Minister of Budget and National Planning, Udo Udoma; and the Central Bank Governor, Godwin Emefiele, to work with state governors to ensure the payment of outstanding Paris and London Clubs refunds before the...

Three more governors are believed to have diverted the London-Paris Club refund, Economic and Financial Crimes Commission (EFCC) sources informed TVC. According to the report, besides, another slush account has been uncovered, while the governors and their cronies are under investigation. Some...

While most states in the country have utilised the second tranche of the Paris Club refund they received, some like Anambra, Enugu and Borno are among the eight states which are yet to do so, according to a survey by NAN. The other states are Gombe, Ebonyi, Bauchi, Cross River, and Imo. The...

Justice Yusuf Halilu of the Federal Capital Territory (FCT) High Court has issued an ex-parte order directing that the Paris-London Club Refund bank accounts of Abia, Cross River, and Delta states be frozen. The accounts to be frozen are listed as follows: Abia state Paris and London Club...

The federal government has released a state-by-state breakdown of how the second tranche of the Paris Club refund was shared between states. A statement released by the Federal government read, “These payments, which totalled N243, 795,465,195, were made to the 36 states and the Federal...

Governor Ayodele Fayose of Ekiti state has finally received N4.8bn Paris Club refund fund. Sharing the news, he wrote: 'Paris Club Refund Ekiti State has received N4.7bn as Paris Club refund to be shared between the State and the Local Government. A total sum of N4,772,836,647.08 was...

The Economic and Financial Crimes Commission (EFCC) has fingered two governors in the misapplication of Paris Club Refund. Already, a mortgage firm has returned to EFCC N500 million said to be part of the Paris Club refund kept with it by one of the governors. The EFCC is probing the...

Abdulaziz Yari, Zamfara state governor, has debunked the allegations that he is building a $3m hotel in Lagos, from monies stolen from the Paris-London Club refunds. In a statement signed by Abulrazque Barkindo, head, public affairs, Nigeria Governors’ Forum Secretariat, Yari said he did not...

Economic and Financial Crimes Commission, EFCC, has traced $ 3 million of the controversial London-Paris Club loan refund to a governor, The Nation learnt yesterday. The cash, The Nation quoted EFCC sources, that it is believed to be part of the N19billion illegally deducted from the refund by...

Nigerian Governors has asked the Federal Government to stop making the Paris Club loan refunds look like a gift to the States. Plateau State Governor, Simon Lalong, made the call while addressing State House correspondents after the National Economic Council (NEC). “We understand the...

Some governors are kicking over plan to pay some consultants $138 million (about N42.2b at the official N306 to $1) of the $6.9 billion Paris-London Club loan refund. The Nation learnt. The Presidency had released about N1,266.44 trillion to the 36 states in the past one and a half years. The...

The Paris Club refund has become a major source of controversy as State Governors have been accused of embezzling the funds. Award Wining Cartoonist Mike Asukwo has illustrated how the Paris club refund was spent.

There are no original records and traceable files of the Paris-London Club loans, The Nation Newspaper learnt yesterday. A source told The Nation Newspaper that besides, the Federal Government intervention in the rescheduling of some of the loans. Some of the states do not have details of such...