Paris Club Refund

Reps Launch Investigation into Fuel Price Increase; Mmesoma Offers Apology to JAMB for Result Forgery | 5 Things That Should Matter Today

Across Nigeria’s 36 states and the Federal Capital Territory, these are the five top Nigerian news stories you shouldn’t miss Reps Launch Investigation into Fuel Price Increase In response to the recent surge in the fuel pump price, the House of Representatives has taken decisive action, passing a resolution during Wednesday’s plenary session to establish an... Read More

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September 12, 2018

The Big 5: 23 PDP Reps threaten to defect to APC, 2 others Join Ambode in 2019 Lagos guber race | More stories

These are the stories you should be monitoring today. Jide Sanwo-Olu, a former Commissioner for Establishment & Training and Obafemi Hamzat, a former Commissioner for Works & Infrastructure have joined Governor Akinwunmi Ambode for the Lagos 2019 governorship election. The candidate will be picked by direct primary — the system in which all party members will... Read More

Featured, The News Blog

Akinwunmi Ambode, Femi Otedola, Jide Sanwo-Olu, Muhammadu Buhari, Nigerian Communications Commission (NCC), Obafemi Hamzat, Paris Club Refund, Peoples Democratic Party (PDP), Yakubu Dogara

Rice

December 16, 2017

‘FG releases final tranche of the Paris Club refund to 27 states’

The Federal Government on Saturday confirmed the release of the final tranche of the Paris Club refund to 27 state governments. Reference: In July, the second tranche of N243.79bn was released, bringing the amount so far disbursed to states as refund under the Paris Club loan to N760.17 billion. The Director, Home Finance, Federal Ministry... Read More

Paris Club Refund

November 27, 2017

Buhari plans second payment of Paris Club refund before end of the year

President Muhammadu Buhari has directed some ministers to discuss with state governors on the payment of outstanding Paris and London Clubs refunds before the end of the year. The President gave the directive at a meeting he had with state governors at the Presidential Villa, Abuja on Monday. The ministers include Minister of Finance, Kemi Adeosun,... Read More

governors, Paris Club Refund, payment, President Muhammadu Buhari

September 20, 2017

Kogi, Ekiti, others still owing salaries despite bailout funds and Paris Club refund – NLC

The Nigeria Labour Congress (NLC) has threatened to name and shame state governors, who refused to pay complete salaries to workers in the country, in spite of the bailout funds and the Paris Club refunds. NLC President, Ayuba Wabba, said this at the National Executive Council meeting of the Non Academic Staff Union of Educational... Read More

Bailout funds, Nigerian Labour Congress (NLC), Paris Club Refund, states owing salaries

September 13, 2017

President Buhari did not rebuke governors for mismanaging Paris Club refund – NGF

The Nigeria Governors’ Forum (NGF) has downplayed media reports that President Muhammadu Buhari expressed displeasure over how state governors have ‘mismanaged’ the Paris Club refunds given to them. In a statement in Abuja on Wednesday by its Head of Media and Publicity, Abdulrazaque Barkindo, the forum said while governors were doing their best to mitigate... Read More

Nigerian governors, Paris Club Refund, President Muhammadu Buhari

September 11, 2017

Buhari appeals to state govts to pay pensions, salaries

President Muhammadu Buhari has appealed to governors to pay salaries and pensions owed in their states. The president met with members of the national council of traditional rulers on Monday led by the Sultan of Sokoto, Sa’ad Abubakar and, he decried the way the Paris Club refund was spent by some state governors. The federal... Read More

Muhammadu Buhari, Paris Club Refund, salaries and pensions of workers, State Government

September 10, 2017

NLC, among other things, urges FG not to release another Paris Club refund

The Nigeria Labour Congress (NLC) has asked President Muhammadu Buhari not to release the third another tranche of the Paris Club refund to state governors until they commit to use the money to settle outstanding salaries, allowances and pension of workers and retirees in the country. As reported by The Nation, the congress is also... Read More

DISCOs, nigerian labour congress, nlc, Paris Club Refund

August 24, 2017

Paris club refund: ‘Governors to meet Buhari over final tranche’

President Muhammadu Buhari on Friday will meet with governors of the 36 states over the last tranche of the Paris and London Club refunds, ThisDay reports. According to the newspaper, the governors are hoping to convince the President to approve the final release of N200 billion Paris Club refund. “The governors are hoping the president... Read More

governors, Paris Club Refund, President Muhammadu Buhari, Tranche

Attack on Kogi Assembly is the height of impunity – NLC

The Nigeria Labour Congress has described the attack on Kogi State House of Assembly as the “height of intolerance, insensitivity and impunity.” In a statement on Friday, NLC President, Ayuba Wabba urged the Federal Government to investigate the disburse of the Paris Club refund to the state, which led to the crisis. The statement reads, “We... Read More

Attack, impunity, Kogi Assembly, nlc, Paris Club Refund

We will use 60 per cent of Paris refund for payment of salaries, pensions – Oyo govt

The Oyo State Government has disclosed that 60% of the latest Paris Club Refund of N7.9bn will be expended on salaries, wages and pensions of workers in the state, saying that its decision to use 100% of its federal allocations for workers’ welfare still stands. The government has also explained that about 80% of its... Read More

60 percent, Oyo govt., Paris Club Refund, pensions, salaries

Aregbesola’s Paris Club Fund: Workers’ salaries or LAUTECH?

by Alexander O. Onukwue Thirty-four thousand students of Ladoke Akintola University of Technology (LAUTECH) have been at home since 2015. Reason: the Governments of Osun and Oyo States have refused to meet the demands of their lecturers. At the same time, Osun owes a backlog of salaries, stretching more than a calendar year. This was... Read More

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fund, LAUTECH, paris club, Paris Club Refund, Paris Fund, pensions, RAUF AREGBESOLA, salaries, workers

Will Paris Club Fund be the bounty that revives the PDP?

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

Story of the day

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

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

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

Paris Club refund: FG releases details of payment to states

The Federal Government has released details of payments to the 36 states as the refund of “over-deductions on Paris Club, London Club Loans and Multilateral debts on the accounts of States and Local Governments (1995-2002).” This is the second tranche of the refunds to the states. A total of N243.8 billion was released to the... Read More

Federal Government, Paris Club Refund, second tranche of payment of Paris club

‘FG releases another tranche of Paris refund to states’

Another tranche of Paris Club refund has been paid to states, The Nation reports. According to the newspaper, Ekiti received N4.772 billion while Abia got N5.715 billion. Governor Ayo Fayose’s Media Adviser Lere Olayinka confirmed Ekiti’s receipt of the second tranche. Commisioner for Finance Obinna Oriaku confirmed that of Abia to The Nation. In the... Read More

Federal Government, Paris Club Refund, release, Ststes, Tranches

Governor Yari

How Yari built hotel with N500m, $500,000 Paris Club funds – EFCC

A Federal High Court in Abuja has ordered an interim forfeiture of the sums of N500m and $500,000 allegedly looted from the Paris Club refunds. The funds were linked to governor of Zamfara state and Chairman of the Nigeria Governors’ Forum, Abdulaziz Yari. They were said to have been recovered from two firms, First Generation Mortgage... Read More

Abdulaziz Yari, EFCC, Lagos hotel, NGF, Paris Club Refund

Osun pensioners storm the state secretariat over unpaid arrears

In continuation of their protest to press home demand for payment of their pension arrears and gratuities, the Osun State pensioners on Friday stormed the State Secretariat and locked out workers. The pensioners started the protest on Thursday and continued early Friday morning before workers resumed. According to Punch, the protesters locked the main gate as... Read More

Governor Rauf Aregbesola, Osun pensioners, Osun State, Paris Club Refund, unpaid pension arrears

Labour union write EFCC, ICPC, demand probe of Paris Club refund

The Nigeria Labour Congress (NLC) and the Trade Union Congress have written to the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and other related offences Commission to probe states that did not pay salaries with the first tranche of the N516bn Paris Club loan refund, Punch reports. TUC President, Bobboi Kaigama... Read More

EFCC, icpc, Labour Union, nlc, Paris Club Refund, PROBE, TUC

Paris Club refund enough to pay salaries | APC replies Fayose

The All Progressives Congress (APC) in Ekiti State has refuted claims by the state governor, Ayodele Fayose that the fresh Paris Club refund will be insufficient to pay more than one month salary. Fayose during his media chat programme had said the finance ministry was planning to reduce the Paris refund to states by half. In a... Read More

APC, Ayodele Fayose, Ekiti State, Paris Club Refund, salaries

Paris Club refund: ‘FG to sanction states for not paying workers’

The Federal Government may suspend release of Paris Club refund to states that failed to use the first tranche for payment of workers’ salaries, Punch reports. According to the newspaper, the governors had agreed with the Federal Government that one of the overriding objectives for further release of the funds was chanelling 50 per cent... Read More

FG, Paris Club Refund, salaries, sanction, workers

Paris Club refund: EFCC to ‘apply for interim forfeiture of $3m, N500m from two governors’

The Economic and Financial Crimes Commission (EFCC) is set to apply for interim forfeiture of $3 million and N500 million Paris refund money allegedly linked to two governors, The Nation reports. According to the newspaper, two suspects have been listed for trial in connection with the $3 million a governor allegedly laundered through a member... Read More

$3M, EFCC, Interim forfeiture, Laundering, N500m, Paris Club Refund

The Big 5: These are the stories you should be monitoring today

These are the top five stories you should monitor today. Yari did not steal $3m Paris Club refund – NGF The Nigeria Governor’s Forum has debunked reports that Governor of Adamawa State, Abdulaziz Yari, is building a $3m hotel in Lagos with money stolen from the Paris-London Club refunds. Head, Media and Public Affairs of... Read More

2017 budget, Abdulaziz Yari, economic team, Paris Club Refund, The Big 5, Yemi Osinbajo

The YNaija Tracklist: Yari did not steal $3m Paris Club refund – NGF | Reps summon finance minister over oil contract breaches | More stories

From the papers this morning – a tracklist. Yari did not steal $3m Paris Club refund – NGF – YNaija Presidential economic team meet over 2017 budget funding – YNaija Gunmen demand N70m for relaease of Ondo Perm Sec – YNaija Why we suspended probe on Emir Sanusi – Kano agency – YNaija Reps summon... Read More

Abdulaziz Yari, Emir Sanusi Mohammed, gunmen, NGF, Paris Club Refund, Permanent Secretary, The YNaija Tracklist

Governor Yari

Yari did not steal $3m Paris Club refund – NGF

by Azeez Adeniyi The Nigeria Governor’s Forum has debunked reports that Governor of Adamawa State, Abdulaziz Yari, is building a $3m hotel in Lagos with money stolen from the Paris-London Club refunds. Head, Media and Public Affairs of the NGF, Mr. Abulrazque Barkindo, in a statement on Monday denied the reports. Barkindo said Yari does... Read More

$3M, Abdulaziz Yari, hotel, NGF, Paris Club Refund

EFCC did not freeze our accounts – NGF

The Nigerian Governors Forum has denied reports that the Economic and Financial Crimes Commission (EFCC) has frozen its accounts. The Director of Media of the NGF, Abdulrazak Barkindo denied the reports on Saturday. Barkindo said that an earlier decision of the court to stop usage of the NGF’s account had been lifted. He also denied... Read More

accounts, barkindo, EFCC, Freeze, NGF, Paris Club Refund

‘Governor caught with $3m Paris Club fund offers to refund $2.5m’

by Azeez Adeniyi The governor who was allegedly caught building a hotel with $3million from the London Paris club refund has reportedly started searching for soft-landing, The Nation reports. The newspaper reports that the governor has sneaked into the Presidential villa in the last 48 hours in search for help. He was said to have... Read More

$3M, EFCC, Governor, Paris Club Refund, Presidency

Paris Club refund: We were not part of NGF’s decision to hire consultants – Bayelsa govt

by Azeez Adeniyi The Bayelsa State government has said it was not part of decision by the Nigeria Governors Forum (NGF) to hire consultants for the first tranche of the Paris club refunds. In a statement on Saturday, Mazwell Ebibai, the state Commissioner for Finance, said the state government had no hands in the hiring... Read More

Bayelsa government, hire consultants, Nigerian Governors' Forum, Paris Club Refund

Paris Club refund is not a favour to states, governors tell FG

by Azeez Adeniyi Governors on Thursday said the Federal Government should stop presenting the Paris Club loan refunds as a favour to the states. While addressing State House correspondents after the National Economic Council meeting, Plateau State Governor Simon Lalong said the refunds belonged to the states. “We understand the president has approved the payment... Read More

favour, FG, governors, Paris Club Refund, Solomon Lalong, states

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