Panic Alert Security Systems Ltd News Today

Nigeria Governors Forum has said it will explore all legal channels to ensure that resources belonging to states are not illegally paid to a few under the guise of payment for consultancy services. The forum comprising the 36 governors in the country said they would stand on their position regarding the $418 million Paris Club Refund and the promissory notes issued to consultants by the Ministry of Finance and the Debt Management Office (DMO). They insist that the money will not be paid to the c...

The withdrawal of allies of Nyesom Wike, governor of Rivers, from the presidential campaign council of the Peoples Democratic Party (PDP) dominated the cover pages of Nigerian newspapers.

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.

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

Mr Nwoko, who is the lead consultant for the recovery of over-deductions from Paris and London clubs debt buyback funds, had on Friday said part of the fees owed his firm for services rendered had been fully refunded.

The Nigeria Governors’ Forum has accused a former House of Representatives member, Ned Nwoko of lying in his desperation to get $68 million, which is allegedly his share out of the controversial $418 million requested by consultants with respect to the Paris Club refund.

The NGF has dismissed the allegation that it received the sum of $100 million from consultants to finance the elections.

The Nigeria Governors’ Forum (NGF) has raised the alarm over a purported attempt to deduct $418 million from the federation account.