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By Alex Enumah The Nigeria Governors’ Forum (NGF) has written the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, asking her to halt the issuance of a Promissory Note to one Dr. Ted Edwards, being payment for legal services rendered to the Association of Local Governments of Nigeria (ALGON). The NGF in the letter written on its behalf by its lawyer, Mr. Femi Falana (SAN), said the request was predicated on a court action instituted to “challenge the decisions of the court relating to or connected with payments of legal and consultancy fees arising from London Club Debt, Buy Back and London Club Debt Exit Payment, which is the fulcrum of the judgment of the Federal High Court, Abuja in Suit Nos FHC/ABJ/CS/130/13 LINAS International Ltd & ORS.Vs The Federal Government of Nigeria & ORS. ....
By Chuks Okocha, Ndubuisi Francis and Alex Enumah in Abuja Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, yesterday narrated how the federal government rejected a request by governors to borrow N50 billion from the Central Bank of Nigeria (CBN) to augment the revenue shortfall in March for distribution by the Federation Account Allocation Committee (FAAC). The minister, who featured on a National Television Authority (NTA) programme, monitored in Abuja, said that was why the federal government found claims by Edo State Governor, Mr. Godwin Obaseki, that it printed N60 billion to augment funds shared to states in March as shocking. ....
Nigeria Governors Forum Warns Finance Ministry Not To Pay Firms Claiming N105billions From LGA Allocations The NGF warned in a letter on Monday, which was obtained by SaharaReporters, that the matter was to be determined in court and the finance ministry should stay action on the payment because of the negative financial implications it would have on the 774 LGAs nationwide. by SaharaReporters, New York Apr 20, 2021 The Nigeria Governors’ Forum has written to the Federal Ministry of Finance, Budget and National Planning not to pay Local Government Councils’ funds to the tune of over N105 billion being claimed by some firms as legal and consultancy fees. ....