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
Join the conversation
Opinions
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.