Why President Buhari must suspend release of Paris Club refund to states – Umar

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A former Military Governor of Kaduna State, Col  Abubakar  Dangiwa Umar (retd), on Monday asked President Muhammadu Umar to suspend London-Paris Club loan refund to states and the Federal Capital Territory(FCT).

He said some state governors contracted consultants with fees ranging from 10 to 30 per cent to secure refund.

Umar gave the advice in a statement issued in Abuja against the backdrop of the controversy over loan refund to states.

States are actually demanding about $6.9billion unaccounted deductions from the Federal Government.

He said: “It is now revealed that some state governors contracted consultants with fees ranging from 10 to 30 per cent to secure refund from the Federal Government of Nigeria

“With this shocking revelation, President Muhammadu Buhari should suspend his order to the Federal Ministry of Finance and the Central Bank of Nigeria (CBN) for the release of the second tranche of the refund.

“It is also evident now that most of the earlier released funds were deployed for other purposes than payment of salaries and pension arrears as directed by Mr. President. This impunity has got to stop.”

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