The Federal Government said states must clear backlog of salaries and other related staff arrears before they would be able to access the remaining 2.69 billion dollar Paris Club Refund. The Director of Information, Federal Ministry of Finance, Mr Hassan Dodo, on Tuesday, said the Federal Government would commence phased payments of the refund to […]
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The Federal High Court in Abuja has frozen seven separate accounts used by the Nigerian Governors’ Forum to launder the sum of N10bn said to be derived from the proceeds of the Paris Club refund. Justice Gabriel Kolawole directed on Wednesday that the freezing order would last for 45 days within which the EFCC must […]
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A federal high court in Lagos on Friday issued an order directing Access Bank Plc and Guaranty Trust Ltd to surrender N1.4 billion Paris and London Club loans in their custody. Mojisola Olatoregun, a judge, ordered the banks to temporarily forfeit the loans. Olatoregun made the order while granting an ex-parte application filed and argued […]
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