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Nigerian governors frown at FG for over $418m in Paris Club deductions
Nigerian governors under the aegis of the Nigeria Governors' Forum (NGF) have again resisted attempts to start deducting $418 million in Paris Club reimbursements allegedly owed to four contractors from the federation's account . The governors, in a letter to the Federal Government through the Secretary of the Federation Government (SGF), Boss Mustapha, argued that an attempt to restart the deduction process, which is being challenged in court and for which the Supreme Court has ruled, would be unconstitutional. The letter, signed by NGF Chairman and outgoing Governor of Ekiti State, Kayode Fayemi, describes the new decision as an "attempt by the Attorney General of the Federation (AGF) and the Minister of Finance (HMF) to circumvent law and the recent Supreme Court ruling in surreptitiously obtaining FEC approval to effect payment of $418 million to four contractors who allegedly performed contracts regarding Paris Club reimbursements to the ...