Malami Debunks Report Demanding Gratification For Debt Recovery

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Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), has said that the pressure mounted on oil companies to pay up $62.197bn arrears of their indebtedness to Nigeria was not with any ulterior motive but a patriotic intention.

Malami maintained that he does not need a dime from any agent as he was not interested in sharing any percentage with recovery agent.

In a statement by Umar Jubril Gwandu, aide to the minister on Thursday, it was explained that the issue of percentage is one that is vested in the Ministry of Finance to determine.

The statement reads, “It has never been the tradition of the Attorney-General of the Federation to demand much less accepting a kobo on matters relating to such engagements and conduct of his official duties.

“Multiple agents were overtime engaged in that respect without pecuniary consideration.

“The function exclusively vested in Federal Ministry of Finance which has the right to vet, confirm and interrogate issues before any payment is made.

“And payments are made upon recovery, directly to the recovery agent and not to the Office of Attorney-General.”

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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