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$418m Paris Club Loan Refund: Governors Warn Buhari’s FG

The 36 States of the federation have warned the President Muhammadu Buhari’s Federal Government not to tamper with funds accruing to them and the 774 Local Councils under the guise of satisfying an alleged $418 million London/Paris Club Loan refund-related judgment debts.

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The 36 States of the federation have warned the President Muhammadu Buhari’s Federal Government not to tamper with funds accruing to them and the 774 Local Councils under the guise of satisfying an alleged $418 million London/Paris Club Loan refund-related judgment debts.

Speaking through the body of Attorneys-General of the Federation, the states warned further that should the Federal Government proceed to make any such deduction, it would be acting illegally and in contempt of their appeal challenging the judgment.

They gave the warning in a letter as part of their response to a November 11, 2021 letter from the Minister of Finance, Budget, and National Planning, advertising commencement of the deduction for liquidation of the alleged judgment debts.

The reply of the states was signed by the body of Attorneys-General of the Federation Interim Chairman, Mr. Moyosore Onigbanjo (SAN) of Lagos State and Interim Secretary, Dr. Abdulkarim Abubakar Kana of Nasarawa State, as well as the Attorneys-General of Rivers, Abia, Taraba, Benue, and Zamfara States, for and on behalf of all the state Attorneys-General.

It reads in part: “Their Excellencies have drawn our attention to your letter referenced above, which the various states of the federation received at about the end of March 2022.

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“The letter notifies the states of your intention to commence deduction from allocations due to the states from the Federation Account for liquidation of the London/Paris Club Loan refund-related judgment debts on behalf of the 36 states of the federation and the 774 local councils.

“Please, note that the states of the federation were not parties to any contract or suits concerning the London/Paris Club refund, from which the said judgment debts arose.

“Consequently, the 36 states of the federation are not liable to any person or entity in any judgment debt.”

The letter noted that the deduction of the allocations due to the 36 states of the federation from the Federation Account to liquidate the London/Paris Club Loan refund-related judgment debts is the subject of an appeal filed by the 36 states at the Court of Appeal, Abuja.

It explained: “The appeal challenges the Federal High Court’s (per Honourable Justice Inyang Ekwo) judgment delivered on March 25, 2022 between A.G Abia State v. President, Federal Republic of Nigeria & 42 Ors. and, therefore, the issue is sub judice.”

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In addition, it noted that the states have also filed a Motion on Notice for an Order of Injunction pending appeal. The letter added that the body’s legal representatives had published a public caveat in national dailies notifying the public of the pending appeal, which also advised concerned parties “to desist from dealing with the subject matter thereof pending the hearing and determination of the appeal and the application for injunction pending appeal”.

It said that given the above, “The law requires you to restrain from taking any step whatsoever that is capable of interfering with the rest of the suit, which is now a subject of an appeal.

“Accordingly, Nigerian case law enjoins you to refrain from effecting any deduction whatsoever from the allocations due to the 36 states from the Federation Account for the liquidation of the London/Paris Club Loan refund-related judgment debts purportedly on behalf of the 36 States of the federation and the 774 Local Councils, pending the hearing and determination of the appeal by the states of the federation. Doing otherwise in the face of the pending Appeal and Motion on Notice for Injunction pending appeal shall be at your peril.”

Finance

Old naira notes still legal tender – Supreme Court Insists

The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes.

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The Supreme Court on Wednesday affirmed the validity of the use of old 200, 500 and 1000 naira notes.

The apex court maintained that the February 8 hearing which paused the implementation of the February 10 deadline ban on the use of old naira notes still subsists.

The clarification from the court followed a complaint by Abdulhakeem Mustapha (SAN), lawyer to the Kaduna, Kogi and Zamfara states respectively.

A seven-man panel of the Supreme Court last Wednesday in a unanimous ruling granted an interim injunction restraining the Federal Government from implementing the Central Bank of Nigeria’s February 10 deadline for the swapping of the old naira notes with the new ones.

The judgement followed a motion ex-parte on behalf of three northern states Kaduna, Kogi and Zamfara, who on February 3rd filed a suit seeking to halt the implementation of the CBN’s policy.

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On Wednesday (today), the apex court adjourned a hearing in the suit banning the use of the old naira to Wednesday, 22nd February 2023

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Ekiti: Oyebanji Pays Outstanding Salary Arrears

In fulfilment of his promise to prioritise workers welfare, Ekiti State Governor, Mr Biodun Oyebanji, has approved the payment of one month outstanding salary arrears to workers in the state.

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In fulfilment of his promise to prioritise workers welfare, Ekiti State Governor, Mr Biodun Oyebanji, has approved the payment of one month outstanding salary arrears to workers in the state.

According to the State Commissioner for Finance and Economic Development, Mr Akintunde Oyebode, Local Government and state workers will receive one month salary arrears by Monday.

The payment, according to the Commissioner, followed Governor Oyebanji’s directive that the outstanding workers’ salaries be paid from time to time based on available resources.

The Biodun Oyebanji administration will continue to prioritise workers welfare within available resources. This include timely payment of salaries, deductions and pensions as well as provision of conducive office environment and trainings to enhance their productivity.

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Pay Our Money, Moba Pensioners Beg Fayemi

Pensioners in Otun-Ekiti, Moba Local Government Area of Ekiti State have appealed to Governor Kayode Fayemi to pay their outstanding entitlements before the end of his tenure on October 16, 2022.

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Pensioners in Otun-Ekiti, Moba Local Government Area of Ekiti State have appealed to Governor Kayode Fayemi to pay their outstanding entitlements before the end of his tenure on October 16, 2022.

Pensioners, who spoke with the News Agency of Nigeria on Wednesday, lamented their conditions after retirement.

They said some of their colleagues who retired between 2014 and 2019 had died without collecting their entitlements.

One of the pensioners, Taiwo Ajayi, a retired principal, appealed to Fayemi to consider the plight of the ageing retirees who needed to take care of their health and also their children.

He lamented that he retired in 2016 but the state government had not paid him any entitlement.

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Another retired civil servant, Bukola Owolabi, said it was unfortunate that many of her colleagues who retired in 2015 had died from illnesses.

Owolabi expressed regret that the departed died without enjoying the fruits of their labour because of the unending delay in the payment of the pensioners’ gratuities by the state government.

She appealed to Fayemi to offset the outstanding gratuities and pensions before the end of his tenure.

She said: “It always saddens me whenever I remember that some of my colleagues with whom I retired in the same year have died.

“None of them was able to eat the fruit of their labour after serving the state government for 35 years in office.

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“They died untimely deaths with little or no financial assistance from anybody as some of them had stroke, hypertension, diabetes, ulcer, typhoid among ailments before they finally died.

“I appeal to our Governor, Dr. Fayemi, to have mercy on some of us that are still alive and give us our gratuity.”

Olusegun Agunbiade, a retired local government employee, urged the state government to consider the fact that the retirees spent 35 years of their lives contributing to the development of the state and pay all outstanding gratuities.

Agunbiade said that he retired in April 2017 but had friends who retired since 2015, but had died without getting their entitlements.

He also appealed to Fayemi to save the lives of pensioners still alive but needing money for medicals and other upkeep.

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He said: “It is no longer news that ageing pensioners are dying without collecting their gratuities.

“I appeal to our governor to pay arrears of gratuities and put smiles on our faces.”

Another pensioner, Felicia Ojo, a retired teacher, said she retired in 2016 and has not been paid her gratuity.

Ojo also appealed to the state government to consider the sufferings of pensioners and pay the backlog of their entitlements.

NAN.

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