The NGF, led by Ekiti State governor, Kayode Fayemi, has consistently kicked against the federal government's moves to pay the firms in relation to the Paris Club refund as unjustifiable.
A Federal High Court in Abuja has set aside a consent judgment entered in favour of a company, Panic Alert Security Systems Ltd against the Trustees of the Nigeria Governors' Forum (NGF) for the payment of money to some individuals and organisations for the roles they played in the Paris Club refund received by the Nigerian Government. Panic Alert Security Systems Limited had relied on the consent judgment to lay claim to professional fees of $47, 821, 920.
Justice SB Belgore of the Federal Capital Territory High Court has ordered the freezing of a bank account linked to a Paris Club consultant, Panic Alert Security System Limited, over an alleged breach of contract. A lawyer, Ikechukwu Ezechukwu (SAN) had in suit no FCT/HC/CV/2615/22 urged the court to freeze the bank account domiciled in United Bank of Africa linked to the company pending the hearing and determination of the motion on notice filed in the suit.
Millions of dollars out of the $478 million in Paris Club refund-related judgment debts have been released to some creditors without the consent of President Muhammadu Buhari, SaharaReporters has gathered.
The payment of the controversial $418 million Paris Club refund to some consultants allegedly owed has been put on hold by President Muhammadu Buhari, PREMIUM TIMES reports. Buhari was said to have given the directive to the Minister of Finance, Zainab Ahmed, to suspend plans to begin the deduction of $418 million Paris Club refund allegedly owed four contractors from the federation account, at the Federal Executive Council meeting of August 3, where the matter was extensively discussed.