Ned Nwoko accuses NGF  over payment of paris club refund 

Date:

From Abubakar Yunusa Abuja 

A lawyer and businessman, Ned Nwoko, has accused the Nigeria Governors Forum (NGF) of “telling lies” to the public about the payment of consultants for the Paris Club refund.

There has been controversy over consultancy fees amounting to $418 million from the Paris Club refund.

Speaking with journalists on Saturday in Abuja, Nwoko alleged that the consultancy fee owed by the states and local governments was $68 million and not $418 million.

“The outstanding fees owed my firm with regards to last work done for the states is approximately $68 million and not $418 million as maliciously sought to be conveyed by Fayemi and co,” he said.

READ MORE  BBC African Footballer of the Year 2017: The five contenders

“Our original claims calculated based on agreed terms was well in excess of $300 million. We offered huge discount on the entitlement to accept the $68 million.

“It is false that the NGF did not act or represent the state governors over the current round of refund on the Paris Club.

“It is also false that past regimes refused to pay the consultancy fees. Refunds started under the Obasanjo regime. If the NGF had paid in accordance with agreement this would have been averted.”

In 2021, the controversial payment of $418 million to consultants over the Paris Club refund was put on hold by President Muhammadu Buhari.

READ MORE  Consensus: North is not affiliated to political party - NEF

The decision was made following pressure from the NGF and the general public to stop the suspicious payments.

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

Sule: Tinubu’s Reforms Enable Nasarawa to Execute N90bn Projects Without Bank Loans

Nasarawa State Governor, Abdullahi Sule, says increased revenue resulting...

Pursue scholarship to solve humanity’s challenges, Adetokun tells postgraduate students 

Pursue scholarship to solve humanity's challenges, Adetokun tells postgraduate...

Tinubu Celebrates APC Chairman Yilwatda at 58, Commends Contributions to Party

By Augustine Aminu President Bola Ahmed Tinubu has congratulated...

Onion Exporters Halt Ghana Shipments, Seek ECOWAS Intervention

Onion Exporters Halt Ghana Shipments, Seek ECOWAS Intervention From Bashir...