News
$418m Paris Club Refund: Govs Tackle Malami, Say Action Fraudulent, Self-Serving
The Nigeria Governors’ Forum (NGF) on Wednesday described the positions of the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on the controversial $418 million Paris Club contractors’ fee as “fraudulent and self-serving.”
The NGF Chairman and governor of Ekiti State, Dr Kayode Fayemi, disclosed the position of the forum in a communique issued at the end of its meeting, held at the Conference Hall of the Presidential Villa, Abuja.
Fayemi, while reading the communique to journalists, said the governors had resolved to pursue the issue, which is before the law court, to a logical conclusion so as to know the next steps to take on the matter.
The governors, who insisted that the deductions for the payment of said consultancy were illegal, especially as the matter is before the courts, said Malami was not acting in public interest.
“The forum extensively reviewed the purported attempt by the Attorney-General of the Federation and the Minister of Finance to circumvent the law and a recent judgment of the Supreme Court, to secure the approval of the Federal Executive Council, to effect illegal payment of the sum of $418 million to contractors who allegedly executed consultancies in respect to the Paris Club Refunds to state and local governments.
“The forum set up a committee comprising the Chairman, the governor of Ekiti State, the Vice Chairman, the governor of Ondo State, the governor of Plateau State, the governor of Nasarawa State and the governor of Ebonyi State, to interface with the committee set up by Mr. President to review the matter.
READ ALSO:
- One killed as commercial cyclists, police clash in Lagos
- 2023: E-Transmission Of Election Results Has Come To Stay – INEC
- Falconets beat Canada, to face the Netherlands in quarter-final
“But the position of the Governors’ Forum is clear and unequivocal. Although this matter is sub-judice and we are very reluctant to get in the way of a matter that is still being pursued in the courts, we are constrained by the manner in which the Honorable Attorney-General has been going around various media houses and purporting to create the impression that this is a liability to which governors have committed themselves to and agreed to, even though he is very much aware that that’s not the case.
“We reject all of the claims that he has made on these issues and we also insist that states will not give up on insisting that these purported claims are fraudulent and will not stand, as far as governors are concerned, and we will take every constitutional and legal means to ensure that these purported consultancies are fully litigated upon by the highest courts in the land.
“If the courts now find governors and the Nigerian Governors’ Forum and states liable, then we’ll cross that bridge when we get there. As far as we are concerned, this is a matter that governors feel very strongly about and we do not believe that the Attorney-General of the Federation is acting in the public interest. We believe he’s acting in personal, selfish interest, that would ultimately become clear when this matter is fully addressed in the law courts,” he said.
The governors, who also deliberated on the prevailing economic and security situation in the country, agreed to intervene by engaging with the federal government and other stakeholders to deliberate, suggest immediate action plans on ameliorate the current situations.
“The Forum extensively discussed the state of the Nigerian economy and security, following a presentation by Mr. Bismarck Rewani, member of the President’s Economic Advisory Council, the Forum resolved to immediately engage with the federal government and other critical stakeholders; Labour, the presidential candidates of political parties, and corporate actors on finding resolutions and suggestions to implement a set of immediate actions to ameliorate the worsening economic conditions in the country”, he said.
On the industrial action by the Academic Staff Union of Universities (ASUU), the communique said “on the prolonged strike by Nigerian universities, the forum encourages the federal government and the Academic Staff Union of Universities to find meaningful resolutions to the lingering impasse and as proposed to engage with both parties, just as we have done in the past, in a bid to ending the strike”.
The communique further revealed that the Forum discussed several other issues, ranging from resolve to increase funding for the health care sector to encouraging fiscal transparency in states.
News
Yahaya Bello reports to EFCC office with lawyers
Yahaya Bello reports to EFCC office with lawyers
A former Governor of Kogi State, Yahaya Bello, on Tuesday visited the Economic and Financial Crimes Commission (EFCC) to honour another invitation extended to him over alleged misappropriation of funds.
Bello went to the anti-graft office with his lawyers in the morning.
The ex-Kogi governor reportedly drove himself to the EFCC’s office in a black Toyota Hilux van with some lawyers.
He was said to have been taken by some operatives of the agency and are currently being grilled.
This is coming after the Supreme Court judgment which dismissed a suit brought by some state governments challenging the constitutionality of the agency.
The EFCC at the last hearing on November 14, sought the adjournment till November 27 in the fresh case it instituted against Bello.
It stated that the 30-day window was still running for the summons earlier issued.
News
Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct
Just in: Ebonyi governor suspends two commissioners, Perm Sec for misconduct
Ebonyi State Governor Francis Nwifuru has announced the immediate suspension of two commissioners with a permanent secretary among others for gross misconduct.
Those suspended are the Commissioner for Housing and Urban Development Francis Ori, and the Commissioner for Health, Moses Ekuma, with the Permanent Secretary of the Ministry of Health.
The suspension followed an incident on Saturday night, when the governor reportedly visited the Ministry of Health’s premises and was said to have found six officials diverting government materials.
Others suspended for three months are the Executive Secretaries of the State Primary Healthcare Development Agency and the Ebonyi State Health Insurance Agency
The suspension order was announced by the state Commissioner for Information, Jude Okpor, who cited alleged misconduct and dereliction of duties as the reasons for the disciplinary actions.
Okpor made the disclosure on Tuesday during a press briefing on the outcomes of the State Executive Council meeting held on Monday at the New Government House in Abakaliki, the state capital.
“Following cases of gross misconduct and dereliction of duties by some government officials and matters related thereto, the Chairman of Council directed the indefinite suspension of the Honourable Commissioner for Housing and Urban Development and three months suspension of the Honourable Commissioner for Health, respectively
“In view of the development, the Special Assistant to the Governor on Primary Health was directed to take charge of the ministry in the absence of the suspended commissioner.
Governor Nwifuru directed the suspended government officials to hand over all government properties in their possession including vehicles to the Secretary to the State Government.
News
Why we’re borrowing despite surplus revenues – FG
Why we’re borrowing despite surplus revenues – FG
The Federal Government has defended its decision to borrow to address budget deficits, despite surpassing revenue targets in 2024.
Finance Minister Wale Edun and Budget Minister Atiku Bagudu clarified this position during a session with the National Assembly’s Joint Committee on Finance, Budget, and National Planning. The meeting focused on the 2025–2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
Last week, the National Assembly approved President Bola Tinubu’s $2.2 billion loan request to fund the N9.7 trillion deficit in the 2024 budget partially.
During the session, key agency heads, including Nigerian National Petroleum Company Limited (NNPCL) CEO Mele Kyari, Customs Comptroller-General Bashir Adeniyi, and Federal Inland Revenue Service (FIRS) Chairman Zacch Adedeji, presented their revenue reports.
The agencies reported exceeding their 2024 targets.
- Customs Service: Generated ₦5.352 trillion by September 30, surpassing its ₦5.09 trillion target for the year. For 2025, the agency projects ₦6.3 trillion, with a 10% increase planned for 2026.
- NNPCL: Achieved ₦13.1 trillion in revenue, exceeding the ₦12.3 trillion projection for 2024. Kyari announced a ₦23.7 trillion revenue target for 2025.
READ ALSO:
- Mixed reactions trail moves to privatise PH, Warri, Kaduna refineries
- Ronaldo’s brace propels Al Nassr toward AFC champions league quarters
- Nigeria would have been better under Peter Obi, too much nepotism under Tinubu – Senator Abaribe
- FIRS: Surpassed multiple tax collection goals, including ₦5.7 trillion from company income tax against a ₦4 trillion target. Education tax collections also exceeded expectations, reaching ₦1.5 trillion compared to a ₦70 billion target.
Overall, ₦18.5 trillion of the ₦19.4 trillion 2024 revenue target had been achieved by September, indicating the goal will be exceeded by year-end.
Despite these surpluses, the government insists borrowing remains essential to cover budget gaps and support vulnerable populations.
Bagudu explained, “Even with agencies exceeding revenue targets, borrowing is necessary to address deficits and boost productivity, particularly for the poorest. This aligns with Agenda 2050, which aims for a GDP per capita of $33,000.”
Edun also reiterated that loans were critical for adequately funding the budget.
The committee, led by Senator Sani Musa, questioned the rationale behind the borrowing and demanded further transparency. The Immigration Service was specifically asked to provide documents regarding an “unacceptable PPP arrangement” before the end of the week.
The session underscored the government’s balancing act between increased revenues and fiscal challenges requiring external borrowing.
Why we’re borrowing despite surplus revenues – FG
-
metro22 hours agoBREAKING: Port Harcourt refinery begins operation
-
Business3 days agoJust in: Dangote refinery reduces petrol price for marketers
-
metro2 days ago40-foot container falls on car in Lagos
-
Politics3 days ago2027: Lagos Speaker, Obasa joins gov race, may battle Seyi Tinubu, others
-
Politics2 days agoLagos 2027: Seyi Tinubu campaign team releases his life documentary
-
International2 days agoTrump to sack 15,000 transgender officers from U.S. military: Report
-
Entertainment2 days agoPolygamy best form of marriage for Africa – Okey Bakassi
-
Education15 hours agoUS University opens 2025 scholarships for international students