by Alexander O. Onukwue The PDP National Convention has been slated for the 12th of August, less than a month after the Supreme Court judgment validating the caretaker Committee of Senator Ahmed Makarfi. The announcement also comes a few days after the second tranche of the Paris Club funds were made available to State Governors. Those... Read More

paris club, Paris Club fund, Paris Club Refund, PDP, Revival

July 19, 2017

0 Comment

Paris Club Fund: What is on Fayose’s to-do list?

by Alexander O. Onukwue As the second tranche of the Paris Club Fund has been released to the 36 States and the FCT, the spotlight is now on State Governors to observe what their intentions are towards disbursing the funds. One of the Governors sure to generate considerable attention is Ayodele Fayose of Ekiti. The... Read More

Story of the day

Ayodele Fayose, campaign, Paris Club fund, Paris Club Refund, Paris Fund, To-do list

July 19, 2017

0 Comment

Paris Club Fund: How much do the governors plan for salaries?

by Alexander O. Onukwue Finance Minister, Kemi Adeosun on Monday announced the release of the second tranche of Paris Club funds to States, amounting to over N243 bn. The fund is largely expected to enable State Governors see off the backlog of salary arrears owed to workers, some of which are in double digit number of... Read More

Story of the day

governors, nigeria governors' forum, Paris Club fund, Paris Club Refund, Paris Fund, pensions, salaries

June 9, 2017

0 Comment

FG releases details of Paris Club refunds to states

Nigeria’s Federal Government has reportedly released a breakdown of the first part of the Paris Club refunds paid to states to date. A statement by Salisu Danbatta, Director of Information in the Ministry of Finance said payments, totalling N516.38 billion, were made to the 36 states and the FCT upon the approval of President Muhammadu... Read More

‘We’ll pay salaries when the second Paris Club fund is released’ – Governors

‎Nigerian governors say they will only pay salary arrears allowances as soon as the second cut of funds from the Paris Club loan refund is released. The refund is as a result of over-deductions from statutory financial allocations to the 36 states between 1995 and 2005 for debt servicing. There were allegations some months ago... Read More

The News Blog

Nigerian governors, Paris Club fund

May 12, 2017

0 Comment

‘EFCC traces $3m Paris Club fund to governor’

by Azeez Adeniyi The Economic and Financial Crimes Commission (EFCC) has traced $3 million of the London Paris Club loan to a governor, The Nation reports. According to the newspaper, the fund is part of N19billion deducted from the refund by the Nigeria Governors Forum (NGF). It was reportedly found in the account of a... Read More

The News Blog

$3M, EFCC, Governor, hotel, Paris Club fund