Money owed to Paris Club consultants was $68m and not $418m in public space- Nwoko tells NGF

The Lead Consultant of Linas International Limited, the consultants for the recovery of over deductions from Paris and London clubs debt buy back funds, Prince Ned Nwoko, has revealed that the Nigeria Governors Forum (NGF) requested and received the sum of $100 million, and money owed to the consultants was $68 million and not $418 million that has been in public space.

He explained that the $100 million was to prosecute elections in some states.

According to him, the consultants had nothing to do with $418 million, which he said must be a miscalculation.

He also 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.

Reacting to the flurry of allegations and claims trailing his personal and company’s demands for the payment of services fees from the state governments and local government councils in the country, Nwoko described recent outbursts of the NGF on the matter as “noise”.

Money owed to the consultants was $68 million and not $418 million that has been in public space

Addressing the media in Abuja, Nwoko pointed out that a former chairman of the forum told him that the money was needed to prosecute elections in Bauchi, Ekiti and Ondo states.

According to him, the Ministry of Justice intervened and the governors eventually received the sum of $100 million.

He absolved the Attorney-General of the Federation, Abubakar Malami of any wrongdoing as he said the minister was only trying to ensure that the law was obeyed.

Nwoko stated that the agreements and judgment being executed were reached before the advent of the present administration.

TheNewsGuru.com recalls that earlier, a Federal High Court sitting in Abuja ruled in favour of Linas International Limited and 235 others against the Federal Government of Nigeria in the Paris Club Refund.

In a suit with no FHC/ABJ/130/2013, Justice J.T Tsoho ruled in favour of Linas International and others (plaintiffs) against the Federal Government of Nigeria, The Attorney General of the Federation, The Minister of Finance and the Accontant General of the Federation (defendants).

“As a consequence of the foregoing findings, the application of the interested party/applicant fails in it’s entirely and accordingly dismissed,” Justice Tsoho said.