Millions of dollars out of the $478 million in Paris Club refund-related judgment debts have been released to some creditors without the consent of President Muhammadu Buhari, SaharaReporters has gathered.
Mr Buhari reportedly said the planned deductions being allegedly championed by both Ministers Malami and Ahmed be suspended until the courts make their final pronouncements.
The payment of the controversial $418 million Paris Club refund to some consultants allegedly owed has been put on hold by President Muhammadu Buhari, PREMIUM TIMES reports. Buhari was said to have given the directive to the Minister of Finance, Zainab Ahmed, to suspend plans to begin the deduction of $418 million Paris Club refund allegedly owed four contractors from the federation account, at the Federal Executive Council meeting of August 3, where the matter was extensively discussed.
IN what amounted to terrible economic indications for Nigeria, the cost of debt servicing, for the first four months of this year, exceeded revenue earned