Tag: Paris Club Refund
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CBN gov faces contempt charge over Paris Club refund
A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over dispute on the Paris Club refund. The company instituted the suit marked: FHC/ABJ/CS/532/2025 before Justice Inyang Ekwo of the Federal
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Paris Club refund: Consultant files contempt charge against CBN
A consulting firm, Melrose General Services Limited, has filed a contempt charge against the Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, and its Director of Legal Services, Salam-Alada Kofo, over dispute on the Paris Club refund.
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Emefiele’s woes compound, escapes arrest warrant over $53m Paris Club fund
A Federal High Court, Abuja, on Wednesday, threatened to issue a warrant of arrest against suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear in court to explain circumstances surrounding the 53 million dollar-judgment debt arising from the Pars Club refund.
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Again, court summons Emefiele over $53m debt
A Federal High Court, Abuja, on Tuesday, ordered Godwin Emefiele, Governor of Central Bank of Nigeria (CBN) to appear on July 19 over a USD 53 million judgement debt arising from the Paris Club refund.
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Paris Club refund: NGF to explore legal options to prevent illegal payment to consultants
The Nigeria Governors’ Forum (NGF) says it will explore all legal options on the disbursement of the $418 million Paris Club refund and promissory notes to ensure resources meant for state governments are not illegally paid to consultants. The forum disclosed this in a statement issued by its Chairman,
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Explainer: Understanding the $418 Paris club refund controversy
The Nigeria Governors’ Forum (NGF) on Monday denied claims that it reached an agreement with the federal government, over the controversial $418 Paris club refund payment to six consultants. The consultants and their claims are Ned Munir Nwoko ($68.7 million); Dr Ted Isighohi Edwards ($159 million); Panic Alert Security Systems Limited ($47.8 million); Riok Nigerian…
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Paris Club Refund: We are owed $68m not $418m – Ned Nwoko
Mr Ned Nwoko, the Lead Consultant for the recovery of over deductions from Paris and London clubs debt buy back funds, says his firm was being owed only 68 million dollars not 418 million dollars.
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Paris Club Refund: Governors reject FG’s decision to commence deductions from federation account
Chairman of the Nigerian Governors Forum and Governor of Ekiti State, Kayode Fayemi, says the Federal Government cannot commence its plans to make deductions from the federation account
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Governors speak on receiving fresh N243.8bn Paris Club refund from FG in August
The Nigeria Governors’ Forum (NGF) has denied alleged disbursement of N243.8 billion from the Paris Club refunds to states in the month of August. The NGF Secretariat disclosed this in a statement issued by its Head, Media and Public Affairs, Abdulrazaque Bello-Barkindo, on Friday in Abuja. Bello-Barkindo described the allegation as a big lie and…
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Osun Govt. denies receiving Paris Club refund
The Osun State Government has said that it did not receive Paris Club Refund from the Federal Government, saying that such refunds were always made public by government. The denial followed a protest on Tuesday by retirees in the state , under the aegis of Forum of 2011/12 Pensioners in Osogbo, the state capital. The…