ADVERTISEMENT

Paris refund deal: Firm assembles SANs to tackle Rivers gov’t

FILE PHOTO: Rivers governor Nyesom Wike.

A firm is set to gather a team of Senior Advocates of Nigeria to face the Rivers State Government over its failure to pay its commission on the Paris Club refund.

A chartered accounting firm, Messrs J.O. Atunbi & Co. is claiming that Rivers State failed to pay its 18 percent agreed commission for recovering N100 billion out of $462. 593bn said to be excess deductions from the state’s loans by the Federal Government.

ADVERTISEMENT

The firm wants the lawyers to seek for an injunction freezing the accounts of the state government.

ADVERTISEMENT

Controversy had trailed the payment of percentage to firms that helped states across the country to get the refunds from the Paris-London Club since President Muhammadu Buhari’s administration began to make the transfers in tranches.

The firm, however, said it did its assigned work to help the state government recover the over deductions accruing to the state after it was engaged in 2014 via a letter signed by then Commissioner of Finance in the state, Chamberlain Peterside.

“The above named company was appointed as consultants by some state governments to carry out reconciliation and recovery of all over deductions on foreign loans (1995 to 2006),” it said.

“We diligently executed the contract per the letter of engagement, finalised the reconciliation and submitted both the interim reports, progress reports and final report on the completion of the work,” it also said.

Dear Esteemed reader,

As part of our drive to keep improving the content of our newspaper, we are conducting a readership survey to enable us serve you better.

Kindly take two minutes of your time to fill in this questionnaire.

Thank you for your time. Click here to begin

Download Daily Trust News App

Get it on Google Play
Share this article

Dear Esteemed reader,

As part of our drive to keep improving the content of our newspaper, we are conducting a readership survey to enable us serve you better

Kindly take two minutes of your time to fill in this questionnaire.

Thank you for your time.

Join us on


Share your story with us: 08189301900 (Whatsapp and SMS only) Email: dtonline@dailytrust.com

Complain about a story or Report an error and/or correction: +2348189301900

DISCLAIMER: Comments on this thread are that of the maker and they do not necessarily reflect the organizations stand or views on issues.