• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • Politics/Elections
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • Judiciary/Legislature/Law & Human Rights
    • Oil & Gas/Mineral Resources
    • Press Freedom/Media/PR/Journalism
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • Naira outperforms African peers despite persistent FX pressures
  • LASU begins indigeneship verification for 2026/2027 admissions
  • Reps approve $516m loan for Sokoto–Badagry superhighway
  • Court affirms FCCPC’s power to probe medical negligence
  • Indigenous, feminist groups push rights-based energy transition at Colombia conference
  • NGX reports smooth start to extended trading hours
  • Reps panel adopts N105.14bn RMAFC 2025 budget
  • China becomes first major economy with full Africa zero-tariff
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    World agriculture forum inaugurates Nigeria Country council

    April 28, 2026

    U.S. revives GSM-102 credit scheme to deepen agricultural trade with Nigeria

    April 27, 2026

    Poultry farmers seek increased financing to boost production

    April 27, 2026

    Malnutrition: FG rolls out community food bank programme in Northeast

    April 27, 2026

    Yam prices surge across Lagos markets

    April 26, 2026
  • Sci & Tech

    Artemis II: Space exploration, and the question of African future, By Prof. M. K. Othman

    April 28, 2026

    Nigeria needs unified cybersecurity – Expert warns

    April 27, 2026

    MTN Nigeria backs youth platform with over N45m

    April 27, 2026

    PalmPay CEO flags trust issues in digital payments

    April 25, 2026

    Meta to cut 10% of workforce amid AI push

    April 25, 2026
  • Health

    Kano commences 2026 Africa vaccination week

    April 28, 2026

    Nigeria faces acute shortage of public health physicians

    April 28, 2026

    Ghana rejects U.S. bilateral health deal

    April 28, 2026

    Social media fuels health misinformation – Expert

    April 28, 2026

    FCT residents express mixed views on childhood immunisation

    April 28, 2026
  • Environment

    CTV audience grows over 300% to 8m viewers on GOtv

    April 27, 2026

    Yobe council approves N59.8bn for project, infrastructure

    April 27, 2026

    Rainstorm damages homes, school in Kaduna

    April 27, 2026

    LASTMA to launch free short code for traffic reports

    April 27, 2026

    LASEMA averts casualties in truck accident at Daleko bridge, Isolo

    April 27, 2026
  • Hausa News

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025

    Dan majalisa ya raba kayan miliyoyi a Funtuwa da Dandume

    March 18, 2025
  • More
    1. Business/Banking & Finance
    2. Politics/Elections
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. Judiciary/Legislature/Law & Human Rights
    24. Oil & Gas/Mineral Resources
    25. Press Freedom/Media/PR/Journalism
    26. General News
    27. Presidency
    Featured
    Recent

    Naira outperforms African peers despite persistent FX pressures

    April 28, 2026

    LASU begins indigeneship verification for 2026/2027 admissions

    April 28, 2026

    Reps approve $516m loan for Sokoto–Badagry superhighway

    April 28, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    Naira outperforms African peers despite persistent FX pressures

    April 28, 2026

    LASU begins indigeneship verification for 2026/2027 admissions

    April 28, 2026

    Reps approve $516m loan for Sokoto–Badagry superhighway

    April 28, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»ACCOUNTABILITY/CORRUPTION»$418m Paris Club refund: NGF faults Nwoko, names all consultants, their financial claims [FULL STATEMENT]
ACCOUNTABILITY/CORRUPTION

$418m Paris Club refund: NGF faults Nwoko, names all consultants, their financial claims [FULL STATEMENT]

NewsdeskBy NewsdeskAugust 22, 2022Updated:August 22, 2022No Comments9 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

NGF’S RESPONSE TO NED MUNIR NWOKO’S PRESS STATEMENT DATED 20TH AUGUST, 2022

Not surprisingly, the desperate, spurious and futile advocacy mounted and coordinated by the AGF on behalf of the so-called Paris Club Consultants to justify the plundering of the humongous sum of USD418.9m from the public treasury of the States and Local Governments continued on Saturday 20th August 2022, when Ned Nwoko, in a press statement, attempted to blur and obfuscate the real facts and legal issues in controversy by dishing out blatant lies and half-truths. 

The facts are and will always remain: whether the claims of the consultants are lawful and justified under our Constitution and whether any Judgment which is a subject of a pending appeal can be enforced or executed as the consultants now attempt to do? If both questions are answered in the negative, it does not matter if the contracts leading to the claims were entered into by any public official, past or present. No person or persons can agree to blatantly circumvent our Constitution and get away with it. Neither is the period when Judgments were obtained of consequence in this case.

Undoubtedly, the salient facts on the fraud associated with the Paris Club refunds can never be changed by a thousand Press Statements by the AGF or any of the Consultants. As the Judgments of the appellate courts, particularly that of the Supreme Court have begun to expose the creepiness and unlawful nature of the consultants claims; it is not surprising that they are now afflicted by dizzy spells, seriously discomforted and are now driven by desperation to ensure that the plundering and fleecing of the State is quickly completed before the determination of the pending proceedings in the appellate and other courts in order to foist a situation of frustration and helplessness on the States. This is obvious as the consultants are not in a position to restore the funds to the States if they lose on appeal; as it is becoming apparent.

It is therefore needless joining issues with NED NWOKO or indeed any of the consultants. However, it is imperative to debunk patent lies dished out in order to disabuse the minds of the undiscerning public. While Mr. Ned Nwoko strenuously tried to single out and justify his own bogus claim of USD$68 million; the total amount which all the consultants working in concert, collectively seek and claim from the States and Local Governments, albeit unlawfully is USD$418,953,690.59 broken down as follows:

i. NED MUNIR NWOKO ($68,658,192.83) ii. DR. TED ISIGHOHI EDWARDS ($159,000,000) iii. PANIC ALERT SECURITY SYSTEMS LTD ($47,831,920) iv. RIOK NIG. Ltd (USD142,028,941.95)

v. PRINCE ORJI ORIZU (USD1,219,440.45) vi. BARRISTER OLAITAN BELLO (USD215,195.36)   TOTAL – USD$418,953,690.59

It is instructive to note that all the claims by the consultants are rooted in Suit No FHC/ABJ/CS/130/13

BETWEEN: LINAS INTERNATIONAL LTD & 35 ORS VS FEDERAL GOVERNMENT OF NIGERIA & 3 ORS in which NED Nwoko instituted, and was awarded a bogus 20% of the sum of $3,188,078,505.96 from the States and Local Governments Paris Club refunds. The Judgment has been challenged on appeal by the States and NGF in Suit No CA/ABJ/PRE/ROEA/CV/327M1/2022: ATTORNEY GENERAL OF ABIA STATE & 35 ORS VS LINAS INTERNATIONAL LTD & 239 ORS.

The attempt by NED therefore to separate his own claim of $68 million as if it is not related to the claims of other consultants is being clever by half. All the consultants claim to have rendered the same or similar service of helping the States and Local Governments to recover over-deducted Paris Club refunds by the Federal Government. Their cases therefore rise or fall together. A poison of the part is a poison of the whole. What is unlawful remains unlawful. Its origin is immaterial and the part or role played by all parties separately or collectively at all times is unlawful and cannot be remedied.

As it is common with all unholy alliances, it does appear that the romance between the consultants and their determination to fight together under the AGF’s tacit coordination to pull out of the States the sum of USD$418,953,690.59 may have suffered a crack. This must have led NED to address the press alone and single out his unmerited claim of $68 million as justifiable. This is also coming just on the heel of a similar press briefing by the AGF, a few days ago during which he stoutly defended all the consultants and berated the States for opposing or delaying the prompt payment of the sum claimed. It was thought that the AGF had done a good job of defense for all of them; but NED’s decision to go solo to make his own case without reference to others suggest that the union of consultants is gradually falling apart. What however NED did not tell the public is: If all the Local Governments engaged him directly as claimed and if he acted for the States through his lawyers and the NGF requested that he extends the services to all the States as also claimed, what different service did TED ISEGHOHI-EDWARDS, his collaborator and conspirator (indicted by the EFCC) render for which he is being paid the whooping sum of $159,000,000 also from the Paris Club refund?

In his desperation to justify his claim, NED peddled untruths that his team was a member of the Federal Government Committee constituted to reconcile figures under the Paris Club refunds to the States and Local Governments. That is patently false. The report of that committee dated May, 2007 shows that only the FMF, OAGF, CBN, DMO and RMFC (secretariat) were members.

Private persons who were not privy could not have been included in a committee that was meant to examine purely public financial records. It was this Committee that did all the work now claimed by NED and the other consultants.

While it is possible that the unlawful scheme hatched by the consultants to feast on public funds may have over the years been executed with the cooperation of enemies of the State without anyone raising an eye brow; the bubble has now burst and the time to account has come. It is an irony that NED and other consultants who flaunt Judgments of courts as justification for payment are now uncomfortable and jittery when the same Judgments are tested on appeal. An appeal is not a circumvention of a Judgment as NED may want the public to believe. It is a constitutional right. The consultants have no choice but to pursue the various appeals. While NED has vowed to fully enforce the Judgment in FHC/ABJ/CS/130/2013; may we remind him that the law does not permit the enforcement of a Judgment that is on appeal. Let him reserve all his vituperations against the NGF Chairman and canvass them on appeal as the law may permit him.

Understandably, the Supreme Court (SC) has in its Judgment dated 3rd June, 2022 sent a clear signal in SUIT NO 337/2018: RIOK NIG LIMITED VS NGF 7 ORS that the claims of the consultants are unequivocally unconstitutional as funds of States and Local Governments cannot be attached in the Federation account in the manner approved and pushed by the AGF. Let the consultants therefore have their day in court with the NGF and upon victory; they can seek to be paid. It is absurd to pursue payment in the face of all pending cases. While the consultants are strangely emboldened by those who should ordinarily oppose the payment and protect public trust; the law is not silent. It upholds the truth at all times no matter how long it takes.

No professional advocacy or media campaign to hoodwink the public can change the law. We are not unmindful of the ridiculous claim by one of consultants that it was his media campaign that swayed a Federal High Court Judgment in favour of the NGF.

Interestingly, the public which is the greatest victim in the mismanagement of scare public resources has since been well informed and is on red alert to avert and stop what is apparently an attempt by some ravenous rent seekers masquerading as consultants to further exacerbate the economic woes of citizens under the prevailing dire economic situation.  The use of libelous language on the person of the Chairman of NGF, who has refused to be compromised and has firmly stood his ground on the unconstitutional and unlawful nature of the consultants’ claims, is not helpful to their case either.

The NGF is an apolitical organization that operates under defined principles targeted at good governance. Its role in the whole of this Paris Club refund debacle to consultants is to ensure that Nigeria citizens are not unlawfully deprived of resources meant for their development. NGF will not therefore waste its valuable time to defend unsubstantiated allegations against individuals or persons who are in a position to defend themselves. If NED is sure of his facts, he is at liberty to approach the necessary authorities to bring to justice on any person or persons and all conspirators (including himself) who were allegedly involved in misappropriating public resources for campaign financing.

The NGF hereby states unequivocally that it has not at any time been involved in or been in receipt of USD$100m or any other funds from NED Nwoko to finance elections in any State.

Perhaps, confirming our fears and that of the public that the AGF has abdicated his role as public defender and trustee and become the strongest advocate to the consultants is now evident in NED NWOKO’s press statement wherein he praised the role played by the AGF describing it as inevitable. NED cannot say that the consultants have no official Platform to canvass their case, when the AGF has, in spite of public protestation, provided the strongest and most virulent platform to campaign for the expeditious payment of the sums claimed. The AGF has addressed and issued over half a dozen press statements justifying why the consultants should be immediately paid. Not even NED’S solicitors could have done any better.

The NGF and its leadership remain focused and determined to diligently pursue all appeals on the Judgments on the Paris Club refunds. All that it requests of the AGF and the consultants is to allow the appeal processes to run and be exhausted. It may be that the consultants will successfully defend the appeals after which they will be paid.

However, if they lose as RIOK NIGERIA LTD has lost; which is the most likely verdict that shall befall all the other consultants; let the public funds in issue remain protected.

We urge NED and the other consultants to end the media war and direct all energies towards defending the appeals.

Abdulrazaque Bello-Barkindo

Director, Media and Public Affairs

Nigeria Governors’ Forum Secretariat

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Newsdesk
  • Website

Related Posts

Reps approve $516m loan for Sokoto–Badagry superhighway

April 28, 2026

PTAD settles final N32,000 pension arrears for DBS retirees

April 28, 2026

Nigerians urge new airtime, data lenders to be transparent, flexible

April 28, 2026

Leave A Reply Cancel Reply

Naira outperforms African peers despite persistent FX pressures

April 28, 2026

LASU begins indigeneship verification for 2026/2027 admissions

April 28, 2026

Reps approve $516m loan for Sokoto–Badagry superhighway

April 28, 2026

Court affirms FCCPC’s power to probe medical negligence

April 28, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.