https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Monday, October 12, 2026
The Genius Media NG
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media NG
No Result
View All Result

Federal Government Recalls Paris Club Fund From 5 States.

Tgmedia by Tgmedia
September 25, 2018
in News
0

RelatedPosts

How Nigerians Abroad Can Grow Wealth at Home

Amazon Founder, Jeff Bezos Becomes World’s 2nd-Richest As Net Worth Rises $122 Billion In 2026

BREAKING: Zenith Bank Raises Dividend To N1.50, Declares ₦637.6bn PBT

“NGF emergency meeting Meanwhile, the Chairman, Nigerian Governors Forum, NGF, Gov. Abdul’Aziz Yari Abubakar, has called an emergency meeting of the Forum for today, Tuesday 25th Sept, 2018 at the NGF Secretariat in Abuja by 3:00 pm. The meeting has just one agenda, CBN’s recall of the London & Paris Club Refunds to States.”

The Federal Government, yesterday, ordered the recall of the second tranche of the London and Paris Club Refunds disbursed to five states, amounting to about $2.7 billion (N972 billion.)

No reason for the recall was given. The states involved are Delta, Imo, Benue, Rivers and Osun. But the Nigeria Governors Forum (NGF) has called for an emergency meeting to challenge the action which some of them believe was politically motivated.

Vanguard also gathered that the recall is done directly from the states’ accounts with the Central Bank of Nigeria (CBN).

However, many of the states confirmed that the money had already been spent mostly on payment of workers’ salary arrears. Benue State Governor Samuel Ortom said he directed the commencement of payment of salary arrears, pensions and gratuity from the N14.9 billion Paris Club refund received by the state to pave way for speedy payment of the funds to workers and retirees.

Osun State Commissioner for Information, Adelani Baderinwa, claimed the government was yet to be informed and cannot speak on the refund because the Paris Club Refund has been spent on workers’ salary.

NGF Emergency Meeting.

Meanwhile, the Chairman, Nigerian Governors Forum, NGF, Gov. Abdul’Aziz Yari Abubakar, has called an emergency meeting of the Forum for today, Tuesday 25th Sept, 2018 at the NGF Secretariat in Abuja by 3:00 pm. The meeting has just one agenda, CBN’s recall of the London & Paris Club Refunds to States.

Yari, in the invite to the other governors, requested them to come along with at least three (3) months evidence of salary payment as well as evidence of any challenge related to the payment of salaries in their states.

Recall that the Federal Government said that the states should clear the backlog of salaries and other related staff arrears before they would be able to access the remaining $2.7 billion Paris Club Refund.

The Genius Media

Share this:

  • Email a link to a friend (Opens in new window) Email
  • Tweet
  • Share on Telegram (Opens in new window) Telegram
  • Share on Reddit (Opens in new window) Reddit
  • Share on Tumblr
  • More

Like this:

Like Loading…

Related

Tags: BuhariFederal GovernmentParis Club FundThe Genius Media
Previous Post

APC Describes Saraki, Dogara Et al As Opportunists & Selfish

Next Post

#ENGLISHLEAGUECUP: Victor Moses fully Fit, ready to clash with Former Club, Liverpool

Related Posts

Mpox Cases
Breaking

BREAKING: Panic As 39 Mpox Cases Recorded In Nigeria

by Tgmedia
August 15, 2024
0

At lease over 39 Mpox Cases has been reported so far in Nigeria.   The Genius Media report that the...

Read more
Victor Osimhen’s Attitude And Character Scaring Suitors

JUST IN: Victor Osimhen’s Attitude And Character Scaring Suitors

June 26, 2024
Isaac Bristol

TRIAL OF PIDOMNigeria: Court Fixes Date For Isaac Bristol’s Bail Application Hearing

September 26, 2024
Next Post

#ENGLISHLEAGUECUP: Victor Moses fully Fit, ready to clash with Former Club, Liverpool

ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media NG

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d