Nigerian Governors Tackle Govt Over U.S.$418 Million Paris Club Deductions

have again resisted attempts to commence the deduction of $418 million Paris Club refund allegedly owed four contractors from the federation account.

An approval of President Muhammadu Buhari under the instrumentality of the AGF, Abubakar Malami, and Finance Minister, Zainab Ahmed, to pay the said sum to the contractors through the issuance of promissory notes, had met stiff resistance from the 36 state governors who approached the court for redress through their Attorneys-General.

"The dismissal of RIOK'S case by the SC also affected the payment of $1,219,440.45 and $215,195.36 to two private lawyers to RIOK, NWAFOR ORIZU and OLAITAN BELLO who are also beneficiaries of Promissory Notes by the DMO," the letter said. "The funds certainly cannot be accessed through the Federation Account as vigorously pursued by the AGF and HMF. Those contracts as they stand are unconstitutional and unlawful and cannot vest any legal right on any of the contractors. It is immaterial that part of the contract sums has been paid.

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