Lagos, Nigeria  •  Real-time financial news Newsletter Advertise
NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn ▲ T-Bills Demand firm ▲ NGX ASI 158.4tn ▲ 0.10% USD/NGN ₦1,329.00 ▼ 0.02% Bonny Light $115.40 ▲ 2.35% Inflation (Aug) 15.39% ▼ 0.04pt NGX Banking Idx +67.96% YTD ▲ 0.86% Fx Reserves $54.0bn ▲ T-Bills Demand firm ▲
Lagos • WAT

Paris Club: States Write Nigerian Government, Kick Against $418m Deduction

0 256

States have asked the FG to refrain from deducting from funds accruing to them and all LGs councils as liquidation for the alleged $418 million London/Paris Club loan refund-related judgment debts.

The governors stated in a letter from the minister of finance, budget, and national planning, advertising the commencement of the deduction for the liquidation of the alleged judgment debts.

In March, the attorneys-general of the 36 states appealed a judgment that dismissed a suit seeking to restrain the federal government from effecting the planned deduction of $418 million from states’ funds.


Leave A Reply

Your email address will not be published.