allegations that state governors diverted and embezzled part of the
first tranche of the Paris-London Clubs refunds.
While the Economic and Financial Crimes Commission (EFCC) has
been investigating the allegations, President Muhammadu Buhari last
Thursday approved the release of the second tranche of the Paris-London
Club refunds to state government.
According to a press release by the Head of Media and Public Affairs
of the NGF, Abdulrazaque Bello-Barkindo, the allegations were false.
In the press release titled ‘The NGF and Paris-London Clubs Loan
Refund: Putting the records straight’, he said: “The Nigeria Governors’
Forum read with utter disgust reports making the rounds in the print,
electronic and social media that monies accruing to states from the
Paris and London Clubs refunds have found their way into private
“Apart from stating that these reports are unfounded and are only a
figment of the imagination of the writers, the Nigeria Governors’ Forum
wishes to also categorically state that nothing illegal has been
committed in the entire process leading to the final disbursement to
states of the first tranche Paris-London Clubs repayment of the excess
deductions from states’ coffers and the refund of their loans.
“Following the barrage of innuendoes, untruths and outright
falsehoods that have pervaded the media, the Nigeria Governors’ Forum
deems it imperative to shed light on the transactions that followed and
put the records straight.
“The Paris London Clubs loan refund has been on the cards since
2005. Successive state governors had tried to get reimbursement for the
excess deductions from their states in the past but did not succeed. The
failure resulted from a number of reasons, varying from one state to
the other. It is therefore to the Nigeria Governors’ Forum’s credit that
this set of governors was able to persuade President Muhammadu Buhari
to authorize the release of the funds for disbursement to deserving
“President Buhari’s desire to reflate the economy at a time when states
were insolvent and unable to pay salaries was why he acceded to the
request by the current group of governors that the money be released to
It is true that there were conditions attached to the disbursements but
these arose from the collective and voluntary resolution of the governors and not any draconian order from any quarters.”
This, he said, showed that the governors are responsible, sensitive and
compassionate enough to understand the plight of Nigerians that they govern and are working in the interest of their people.
He insisted that due process was diligently followed in approving the
“And each and every approving authority, including the Federal
Ministry ofFinance, the office of the Accountant General of the
Federation, the Central Bank of Nigeria and the office of the Auditor
General of the Federation as well as the National Assembly were duly
informed from the beginning to the end of all the transactions.
“Nothing illegal was done and no monies was paid into the personal
account of any Governor, legislator or top officials at any of the
levels and arms of government in the country.”he said
He also noted that President Muhammadu Buhari would not have approved
the payment of the second tranche of the refund to the states, if the
Federal Government had found anything corrupt, illegal and unpatriotic
about the utilization of the first tranche of the Paris-London Clubs
He added “Note also most importantly at this juncture, that every
decision that was taken in respect of all the transactions was with the
and blessing of the 36 governors.
“We therefore find the insinuation in the media that monies went into the
private accounts of seven unidentified governors as not only preposterous
“This is more so because none of the reports was able to identify a single
governor, not to talk of seven. The Economic and Financial Crimes
Commission (EFCC) itself had issued a release exculpating all the
governors, saying it was investigating the matter further.
“But instead of allowing the EFCC to conclude its investigations, a
particular section of the media resorted to this unsavory falsehood which
puts the media and its practitioners in bad light.” he stated