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Paris Club Refund: IMC frowns as FG okays payment of $418m to consultants/contractors

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  • Show us proofs of the alleged executed projects in 774 LGAs- IMC dares RIOK
  • Faults Finance minister approval of ‘controversial’ payment for via Promissory Notes
  • It is against your fight to nip corruption; halt all payments now- IMC tells Buhari

The Interim Management Committee of Association of Local Government of Nigeria, has frowned at the federal government approval of payment of monies amounting to $418 million to consultants and contractors for the roles they played in the Paris Club refund received by its administration.

The IMC in a suit filed in the Federal High Court dated 1st September 2021 via motion of notice in suit no M/5474/2021 and also Writ of Summon in suit no CV/2185/2021, challenged the FG, Attorney General of the Federation, the Minister of Justice, DMO, AGF, EFCC and the Chief Registrar of the High Court for their involvement in approving promissory notes of payments in the sum of US$142,028,941.95, US$ 1,219,440.45, US$ 215, 195.36, RIOK Nigeria Ltd, Prince Nwafor Orizu, Barr. Olaitan Bello, respectively.

Recall earlier report revealed that President Muhammadu Buhari had approved the payment of the controversial amounts in Paris Club refund-related judgment debts to consultants, without considering the calls for a forensic audit into the claims of the creditors and the Federal Ministry of Finance following such order had also directed the Debt Management Office (DMO) to commence issuance of promissory notes to the creditors, as approved by the order of the president.

The Minister of Finance on the order of the President, is said to have directed the Director-General, Debt Management Office (DMO) to issue Promissory Notes 12th August, 2021 in favour of the consultants and contractors. The purported amounts claimed by the various consultants are as follow: Ned Nwoko –US$68,658,193.83; Ted Iseghoghi Edwards -$159 million; Riok Nigeria Limited $142,028,941.95, prince Orji Nwafor Orizu US$1,219,440.45, and Olaitan Bello – US$215,195.36 and Panic Alert System Limited and George Uboh – $47,831,920.

However, in the fresh suit filed the ALGON-IMC, asking the court to grant an order to dissuade the Hon. Minister of Finance, the debt management office, the accountant general of the federation and the chief registrar of the high court from issuing, handing over or releasing any promissory note or banking instrument of transfer to the consultants and contractors.

The IMC questioning the basis for the approval of payments, demanded that the contractors should provide proofs of the allegedly executed projects, contracts in any of the 774 local government areas to back up their claims to such enormous amount of monies. It also alleged that the consultants having succeeded in fraudulently obtainment of court judgement in suit No FCT/HC/CV/2129/201, to divert common wealth belonging to the 774 local government areas for themselves their families and cronies alone.

It said: “The IMC cannot sit down and watch constant extortion being perpetrated in the name and with the name of the association, the situation at hand is very germane and requires immediate attention, hence the purpose for this address. The current approval by the president, others to issue promissory notes of payment to the six consultants without due diligence, is fraudulent and has a tarnishing impact on the association as those involved did not execute any of the alleged projects and does not deserve to receive the rights of payment.

“The President should not water down his fight against corruption by not following due process to seek documented evidences/proofs of the projects, contracts allegedly executed by these consultants. Also let us not us not rob peter to pay paul by standing with our hands folded watching these men of greedy stance deprive people in the grassroots level, monies that should be used to enhance and effect development and growth. We heavily frown at the stance of the president approving payments for underperforming self-made consultants, this action if honoured will cause irreparable damage to the third tier of government. It is on this premise that we dare those involved to provide proofs of the projects executed while laying claims to such amounts as mentioned in the order of which a promissory note was issued.

“Every money be it dollar or naira should be channeled to people-oriented projects as the nation is already going through economic challenges and the issuance of Promissory Notes of enormous sums in millions of dollars to private persons, organisations for alleged consultancy/contract work requires not just caution but strict due diligence, particularly when the judgments which gave rise to the payments sought to be enforced are the subject of pending litigation. Matters that are subjudice must not be acted upon in a manner that will foist a situation of complete helplessness on the courts and render their decisions inconsequential.

“Again let me reiterate that the Minister of Finance, the DG of DMO, and the AGF had since been duly served and notified of the pendency of these actions in court, but then it is however very strange and indeed alarming that having been served and made aware of the pendency of the various court cases, the Minister of Finance would readily but in complete disregard of the law direct that Promissory Notes be issued in favour of these consultants. There is however FOUL PLAY, which can only be interpreted by those imvolved!” It added.

The IMC buttressed that custodians and managers of public funds are public trustees and must at all times act in the interest of the public, adding that the interest of all the states and local governments of the federation is involved in this instant case and ought to be protected by the Minister of Finance.

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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain

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By Emmanuel Kuza

A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.

Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.

According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.

“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.

He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.

“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.

The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.

Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.

“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.

He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.

“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.

Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.

He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu

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200 widows benefit from empowerment outreach in Plateau

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By Israel Adamu, Jos 

 Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.

The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.

The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.

She stressed that the outreach was not a political programme but an expression of love and support for humanity.

Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.

“This is simply an expression of compassion and love for humanity. It is not a political programme.

“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”

Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.

Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.

At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash

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SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance

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By Francis Wilfred 

The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.

They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026

The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.

Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.

Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations

He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector

“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.

In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.

The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.

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