Nigeria In One Minute

$2.6b London-Paris Club cash: Governors face fresh probe

The Economic and Financial Crimes Commission (EFCC) is considering the probe of some state governors for allegedly diverting fees meant for payment to consultants who assisted states on the London-Paris Club loan refund.

Some states may not be able to access the last tranche of refund of about $2,689,279,365 unless they allow the federal government to deduct the consultants’ fees at source.

The consultants are insisting on the payment of their $350million before the $2.6billion is released to states.

Investigation by The Nation correspondent revealed that while the Nigeria Governors Forum (NGF) offered to pay its consultants about two per cent for services, most states promised their consultants between five to 10 per cent.

The NGF had hired Biz Plus Limited and GSL Consulting Limited as its consultants

The Nation, December 23, 2018

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