Group Warns Against Giving Okorocha Paris Club Refund


Imo Charter Forum (ICF), an umbrella body of different associations and stakeholders on governance and welfare of Imo State has urged the state’s incoming governor, Emeka Ihedioha to ensure that the balance of Paris Club refund due for the state is not released to Governor Rochas Okorocha whose tenure comes to an end in less than two weeks.

The supervising finance minister, Zainab Ahmed had on Thursday in Abuja, stated that states yet to collect their balance of the Paris Club debts refunds would soon be paid.

She said about N649.434 billion has been released for that purpose.

“For the final phase of the Paris Club debts refunds, the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be paid to the state governments,” the minister said.

The amount to be paid is lower than about N691.560 billion the Central Bank of Nigeria (CBN) paid as at March 2019 partly as a result of the exchange rate differential at the point of payment.


Source: Leadership Newspaper