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.

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
Article Banner
FOLLOW BIGPEN NIGERIA - Get Breaking News Alerts
Continue Reading
Advertisement
Click to comment
FEATURED1 hour ago

Lagos Shuts Church After Resident Complains of Sleepless Nights, Threats

FEATURED1 hour ago

Omo-Agege Alleges Thugs Attacked NDC Campaigners In Asaba, Demands Arrest Of Organiser

Miyetti Allah
Defense and Security3 hours ago

Gidan Taba Massacre: Bandits Burnt Family Of 12 Alive After They Locked Door To Escape Abduction In Zamfara

FEATURED12 hours ago

Three Killed, Seven Injured in Two Separate Road Crashes in Ogun

FEATURED12 hours ago

EFCC Boss To Churches: Reject Stolen Donations Like Adeboye Did

FEATURED19 hours ago

One Dead, Five Injured As Obedient/OK Rally For NDC Candidate Turns Violent In Asaba

FEATURED20 hours ago

NUJ: No Journalist Arrested Under Oborevwori, Names Him Media-Friendly Governor Of The Year

FEATURED1 day ago

2027: ‘I Have Seen The Light’ — Okowa Dumps Atiku, Backs Tinubu In Port Harcourt

BUSINESS1 day ago

‘We’d Need Wheelbarrows to Buy Tomatoes’ – Tinubu Defends Economic Reforms

FEATURED1 day ago

Court Jails 10 Men for Selling Substandard Diesel in Delta

FEATURED1 day ago

Lagos Police Detain ASP Over Fatal Shooting of Young Girl in Ajegunle

secure number one position
FEATURED1 day ago

Abia Police Arrest Uratta Attack Suspects, Rescue 10 Stolen Children, Recover 15 Guns

FEATURED1 day ago

Justice Abba-Aji: US Banned Supreme Court Panel Over Imo Election That Made Uzodimma Governor

FEATURED2 days ago

Delta Police Arrest 3 Suspected Cultists, Robbers in Agbarho, Oghara, Recover 6 Guns

FEATURED2 days ago

Navy Rescues Bayelsa Commissioner, 6 Others After Boat Mishap; Police Officer Missing

Advertisement
Advertisement

z

   


Article Banner