Nigerian Federal and States Government secretly share $4bn Paris, London Clubs’ refund

to numerous Nigerians, the 36 desperate conditions of the organization, with
the endorsement of the Fed¬eral Government, have secret¬ly shared the whole of
$4 billion said to be a piece of the cash re¬funded to Nigeria by the Paris and
London Clubs.
President Olusegun Obasanjo and previous Clergyman of Back, Dr. Ngozi
Okonjo-Iweala, were said to have over¬paid the money related organizations when
Nigeria cleared obligations owed remote leasers.
top on the mystery shar¬ing of the cash was opened by a Benin-based online news
medium which asserted that the cash was paid to the records of the states last

The AUTHORITY moved toward the proper
powers for affirmation. While a few authorities of the Service of Fund faked
obliviousness of the sharing of the cash, others said that they were not in a
position to talk on the matter.
It was
learnt that the cash was the over-derivations on the Paris and London Clubs’
advances on the records of state and lo¬cal governments between Feb¬ruary 1990
and Walk 2002.
monies shared by the different governors were alleg-edly credited into their
respec¬tive records on Monday, No¬vember 21, 2016.
recipients, which included governors of both the decision All Progressives
Congress (APC) and the restriction Peo¬ple’s Equitable Gathering (PDP),
inquisitively liked to keep the overall population oblivious which educated the
surreptitious pay¬ment.
few Nigerians, who re¬acted to the sharing of the re¬fund, asked the Monetary
and Budgetary Wrongdoings Commission (EFCC) and the Autonomous Degenerate
Practices and Other Related Offenses Commission (ICPC) to screen how the
gov¬ernors would utilize the cash.
was learnt that while ap¬proving the dispensing, President Muhammadu Buha¬ri
charged the state governors to utilize the cash to settle the government
employees’ pay rates and im¬prove on the welfare of different Ni¬gerians.

indicated by sources, Edo State got N82 billion, Osun N84 billion, Kogi N80
billion, Nasarawa N68 billion, Level and Benue got N75 billion and N91 billion
the point when 
The AUTHORITYreached the Service of
Finance on the sharing of the largesse, its authorities kept mum.
media associate to the min¬ister, Mr. Festus Akanbi, declined to pick his
Service’s Chief of Data, Mr. Salisu Na’inna Dambatta, said that he was not in the
workplace and couldn’t respond to the issue. He proposed that the question
ought to be direct¬ed to the Workplace of the Account¬ant-General of the
that as it may, a media associate to one of the governors from one of the
South-South states told
The AUTHORITY that they were
ex-pecting stores from Abuja yet the sum has not been dis-shut to them.
authority of the Edo State government, who was contact-ed on the issue, denied
that the new senator got such an enormous sum.
presidential assistants contacted declined to react to
The AUTHORITY‘s enquiries.
an assistant to a senator in one of the South East states said he didn’t know
yet prom¬ised to give subtle elements on the issue today.


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