Paris Club Refund: Governors Move to Legally Block $418m Payment

November 25, 2022
Paris Club refund

By Adedapo Adesanya

The Nigeria Governors’ Forum (NGF) has said that it will explore all legal options on the disbursement of the $418 million Paris Club refund and promissory notes to ensure resources meant for state governments are not illegally paid to consultants.

The forum disclosed this in a statement issued by its Chairman, Governor Aminu Tambuwal, after the teleconference meeting of the 36 state governors.

“Regarding the $418 million Paris Club Refund and promissory notes issued to consultants by the Federal Ministry of Finance and the Debt Management Office (DMO), the forum remains resolute in exploring all legal channels available to it in ensuring that resources belonging to states are not unjustly or illegally paid to a few in the guise of consultancy,” it said.

The Sokoto state governor said the group had also instructed its lawyers to approach the Federal High Court on the proposed privatisation of 10 National Integrated Power Projects (NIPPs) by the federal government.

“The forum, following its advocacy that the proposed privatisation of 10 NIPPs by the Federal Government should be stopped, instructed its lawyers to approach the Federal High Court, which at present has issued a court order restraining all the parties in the suit from taking any step or action that will make or render the outcome of the motion on notice seeking for interlocutory injunction nugatory.

“The effect of the order of the court is that respondents cannot proceed with the proposed sale of the power plants belonging to the Niger Delta Power Holding Company Limited (NDPHCL) until the hearing and determination of the motion on notice for interlocutory injunction,” he said.

Mr Tambuwal added that sequel to discussions between sub-sovereigns at the recently concluded 2nd African Sub-Sovereign Government Network (AfSNET) Conference, the forum agreed to pursue support for enhanced dialogue, cooperation and collaboration between sub-sovereign governments around intra-African trade, investment, industrialisation, and development.

He said that such would be done through membership in the Forum of Regions of Africa (FORAF) and its partnership with the African Export-Import (AFREXIM) Bank.

The governor said that the forum was also monitoring the flood situation across the country and working with the Federal Government to prepare emergency interventions to ameliorate the impact of the floods on food security.

Mr Tambuwal said that the forum was working with the Federal Government through the National Economic Council (NEC) and in collaboration with the Federal Ministry of Agriculture and Rural Development (FMARD).

Others, according to him, include the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHDSD), National Emergency Management Agency (NEMA), Central Bank of Nigeria (CBN), Federal Ministry of Finance, Budget and National Planning (FMFBNP) and the World Bank.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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