Connect with us

FEATURED

Buhari Halts Payment Of $418million To Paris Club Refund Contractors

Published

on





In an exclusive report from Premium Times, Buhari was reported to have directed the Minister of Finance, Zainab Ahmed, to halt the plan at the FEC meeting of August 3, where the matter was discussed.

The Nigeria Governors’ Forum (NGF) had in a letter to the federal government, through the Secretary to the Government of the Federation (SGF), Boss Mustapha and signed by the Chairman of the NGF and outgoing governor of Ekiti State, Kayode Fayemi, described the new move as an “attempt by the Attorney General of the Federation (AGF), Abubakar Malami, and the Minister of Finance (HMF) to circumvent the law and the recent judgment of the Supreme Court by surreptitiously securing the approval of the FEC to effect payment of the sum of $418 million to four contractors who allegedly executed contracts in respect of the Paris Club refunds to the states and local governments.”

Before Wednesday’s meeting, the governors had written to all ministers, seeking their intervention to stop the planned deduction being pushed by the ministers of justice and finance. However, at the meeting, sources told the paper that after Ahmed and Malami made their presentations, they were countered by the Minister of Works, Babatunde Fashola; the Minister of State for Labour, Festus Keyamo and the Secretary to the Government of the Federation, Boss Mustapha.

Advertisement

The FEC members who spoke against the deduction were said to have told the meeting that it would be sub-judicial for any payment to be made to the contractors while cases are pending in courts. They also reportedly argued that it was insensitive of Mrs Ahmed and Mr Malami to have tabled a proposal for the payment of controversial debts to contractors at a time the government is struggling to pay workers and fulfil its obligations to citizens.

In their letter to Buhari last week, the governors argued that the essence of the definitive pronouncement by the Supreme Court is that none of the contractors recommended for payment of the sum of $418 Million by the AGF and finance minister can be so paid because the contracts and payments relied upon were not processed as prescribed by the constitution and the law.

(Daily Sun)

Advertisement
Advertisement
Click to comment
FEATURED2 hours ago

APC Chieftain Slams Nwaoboshi Over Criticism of Delta North Party Chairmen’s Disbarment

FEATURED12 hours ago

JUST IN: Court Rejects FG Moves to Remand Sen. Natasha in Prison Custody, Grants her N50m Bail

FEATURED13 hours ago

Omo-Agege ‘Goes Spiritual’, Offers Loads of Prayers and Wishes to Gov Oborevwori on His 62nd Birthday

FEATURED14 hours ago

You’re a Peculiar Leader who Conquered Odds – Sen. Nwoko Lauds Gov Oborevwori at 62

FEATURED1 day ago

You’re A True Leader and a Blessing to Delta – Elumelu Eulogies Gov. Oborevwori on 62nd Birthday

Akpeki
FEATURED1 day ago

APC Wields The Big Stick, Dissolves Chairmen’s Forum over Anti-party Activities in Delta

Gbaramatu-Ijaws
FEATURED2 days ago

Itsekiri Leader, Eyengho Raises Alarm, Says “My Life is Under Threat by Gbaramatu-Ijaws; My Phone Already Bugged”

Naira Notes
BUSINESS2 days ago

BREAKING: CBN Restricts Capital Distribution for Selected Banks to Ensure Stability Ahead of 2026 Recapitalisation Deadline

COMMUNITY REPORT2 days ago

Delta Council Boss Says Healthy Environment Priority of His Administration

FEATURED3 days ago

Delta Gov’s Wife Highlights Govt Support for Woman Who Gave Birth to Quintuplets, Debunks Viral Video of Neglect

FEATURED3 days ago

Gov Oborevwori’s Aide Narrates Ordeal: How Kwale Youths Turn Protest to Criminal Siege on Ughelli-Asaba Expressway, Attack Vehicles

FEATURED3 days ago

Delta North: We Planned for 2,000 but got over 5,000 – Ned Nwoko’s CoS Highlights Unprecedented Attendance at Constituency Meeting

COMMUNITY REPORT3 days ago

Ijaw, Itsekiri Clash Worsen as Gbaramatu Kingdom Raises Alarm over Alleged Threats to Sack ‘Ikantu and Ijaghala Communities’

COMMUNITY REPORT3 days ago

Isoko South Chair Inaugurates Basketball Court to Encourage Youths in Sports

FEATURED3 days ago

Tinubu Bows to Pressure, to Visit Benue over Spate of Mass Killings on Wed, Postpones Official Visit to Kaduna

Advertisement
Advertisement