Tag: Paris Club Refund
-
FG pays $5.4bn Paris Club Refund to states
A total of 5.4 billion dollars has so far been paid to states by the Federal Government for settlement of the Paris Club Refund. The Minister of Finance, Mrs Zainab Ahmed, confirmed the release at a news conference on the state of the economy on Monday in Abuja. Present at the briefing were the Director-General,…
-
$1bn ECA withdrawal: Wike charges FG to pay oil-producing States 13% derivation
Rivers State Governor, Nyesom Ezenwo Wike has stated that oil-producing states should be paid 13 per cent derivation of the $1 billion withdrawn from the Excess Crude Account (ECA) by the Federal Government to fight insurgency. Speaking on Sunday at the Government House Port Harcourt during the presentation of the Leadership Newspaper Governor of the…
-
We’ve shared N1.9trn to states from Paris Club refund – Osinbajo
The Federal Government said on Tuesday that it had so far shared N1.9 trillion among states as support from the Paris Club Refund. The Vice President, Prof. Yemi Osinbajo, made this known in his address at the ongoing fourth edition of the Ogun Investors’ Forum in Abeokuta. The theme of the programme, which is scheduled…
-
Paris Club Refund: How firm plagiarised to receive N1.2 billion – EFCC
Justice Mojisola Olatoregun of the Federal High Court, Ikoyi, Lagos, on Friday deferred judgment in an application filled by the Economic and Financial Crimes Commission (EFCC) seeking the final forfeiture of N1.2 billion (N1,222,384,857.84) recovered from the account of Melrose General Services Company Limited as well as another N220 million recovered from two other companies.…
-
Paris Club Refund: Dickson releases N5.6bn to clear workers’ salaries
Governor Seriake Dickson of Bayelsa State on Friday ordered the release of N5.6billion out of N14.8billion Paris Club Refund he received in December last year for the payment of one- and- half month salary arrears owed workers during the economic recession of 2016. It was gathered that the governor called a meeting of top government…
-
Paris Club refund: Fayose confirms receipt of 4.47bn, promises to offset salaries, allowances on Thursday
Governor Ayodele Fayose of Ekiti State on Monday confirmed the receipt of the state’s N4.76bn share of the final tranche of the Paris Club refund. TheNewsGuru.com reports that the President Muhammadu Buhari had on Saturday approved the release of the Paris Club refund to 27 state governments. Fayose revealed this on Monday in a…
-
Paris Club refund: Delta, Ogun, Adamawa, six other states on waiting list
…as …27 states collect theirs …ECA swells to $2.317bn …FG, States, LGs share N609.959 billion for November Nine states including Delta, Ogun and Adamawa are currently on the waiting list of the collection of the third and final tranche of the Paris Club refunds released on Saturday by President Muhammadu Buhari. However, 27 other states…
-
Paris Club Refunds: Senate queries Buhari’s approval of funds to governors
The Senate on Thursday resolved to probe how the Paris Club Refunds and other bailout funds to state governors by President Muhammadu Buhari were approved. The Senate’s decision followed a point of order raised by Sen. Samuel Anyanwu (PDP- Imo) during plenary, who afterwards, sought the leave of the Senate to move a motion on…
-
‘We are not begging FG for money, Paris Club refund is our entitlement,’ says Gov Abubakar
Bauchi State governor, Mohammed Abubakar said yesterday, that they are not begging the Federal Government for money, considering they are asking for the Paris Club refund – as it is their entitlement. Abubakar said, “Don’t forget, this is money that belongs to us. We are not begging for anything, but demanding what belongs to us…
-
Okorocha, Bello, Dickson, 7 other govs owing workers’ salaries despite FG’s release of Paris Club refund – NLC
…says 10 defaulting governors must give account of Paris Club refund spendings …kicks against increase in electricity tariff The Nigeria Labour Congress, NLC, on Tuesday made good its intention to name state governors who mismanaged the first and second tranches of the Paris Club refund released to them by the Federal Government. The congress also…