Wednesday, 26 September 2018 05:10

FG recalls Paris Club refund for 5 states

Rate this item
(1 Vote)

Federal Government, yesterday, ordered recall of the second tranche of the London and Paris Club Refunds disbursed to five states, amounting to about $2.7 billion (N972 billion.)

No reason for the recall was given. The states involved are Delta, Imo, Benue, Rivers and Osun.

But Nigeria Governors Forum (NGF) has called for an emergency meeting to challenge the action which some of them believe was politically motivated.

The recall is done directly from the states’ accounts with Central Bank of Nigeria (CBN).

However, many of the states confirmed that the money had already been spent mostly on payment of workers’ salary arrears.

Benue State Governor Samuel Ortom said he directed the commencement of payment of salary arrears, pensions and gratuity from the N14.9 billion Paris Club refund received by the state to pave way for speedy payment of the funds to workers and retirees.

Osun State Commissioner for Information, Mr Adelani Baderinwa, claimed the government was yet to be informed and cannot speak on the refund because the Paris Club Refund has been spent on workers’ salary.

NGF emergency meeting

Meanwhile, Chairman, Nigerian Governors Forum, NGF, Gov. Abdul’Aziz Yari Abubakar, has called an emergency meeting of the Forum for today, Tuesday 25th Sept, 2018 at NGF Secretariat in Abuja by 3:00 pm. The meeting has just one agenda, CBN’s recall of the London and Paris Club Refunds to States.

Yari, in the invite to the other governors, requested them to come along with at least three (3) months evidence of salary payment as well as evidence of any challenge related to the payment of salaries in their states.

Recall that the Federal Government said that the states should clear backlog of salaries and other related staff arrears before they would be able to access the remaining $2.7 billion Paris Club Refund.

Vanguard

January 13, 2025

Fuel prices in Nigeria likely to surge as Brent crude rises above $81

Fuel prices in Nigeria are expected to climb further as Brent crude prices surged above…
January 11, 2025

Ohanaeze Ndigbo gets new President-General

John Azuta-Mbata, a former senator, has been elected as the new president-general of Ohanaeze Ndigbo,…
January 12, 2025

Why some animals appear to mourn their dead

Grief has long thought to be a human trait, but other animals – from killer…
January 04, 2025

Shy man cuts off 4 fingers instead of telling boss he wanted to quit his…

A 32-year-old Indian man admitted to cutting off four fingers on his left hand to…
January 13, 2025

Bandits attack Zamfara mosque, kidnap dozens of worshippers

Armed assailants launched an attack on a mosque in Birnin Yaro village, Zamfara state, kidnapping…
January 13, 2025

What to know after Day 1054 of Russia-Ukraine war

RUSSIAN PERSPECTIVE Ukraine won’t reclaim all Russian-held territories – Trump adviser It is not possible…
December 25, 2024

Stem cell therapy to correct heart failure in children could 'transform lives'

Renowned visionary English physician William Harvey wrote in 1651 about how our blood contains all…
January 08, 2025

NFF appoints new Super Eagles head coach

The Nigeria Football Federation (NFF) has appointed Éric Sékou Chelle as the new Head Coach…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Prof Wale Are Olaitan: Editorial Consultant; Femi Kawonise: Head, Production & Administration; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.