Sentences with phrase «club loan refunds»
The source further said the State Commissioners of Justice and Finance; Mohammed Ibrahim and Idris Asiwaju, were also slated to testify before the House of Assembly how the state government utilized the bailout funds and the two tranches of the Paris - Club loan refunds received from the federal government.
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AN ORDER OF MANDAMUS compelling the Respondent to urgently compile and pass on to the Attorney - General of the Federation and Minister of Justice, information relating to the release and spending of N388.304 billion London Paris Club Loan refunds to 35 States by the Federal Government, so that the Attorney - General of the Federation can take steps to initiate legal action against the States that allegedly diverted and mismanaged the funds with a view to compelling the states to widely publish, including on a dedicated website, details of spending of the funds by them.
«Unless the reliefs sought are granted, the Respondent will not immediately compile and pass on information to the Attorney General of the Federation regarding the release and spending of the London Paris Club Loan refunds to enable him take steps to pursue appropriate legal action against states that allegedly diverted and mismanaged the loan refunds.»
The suit filed on behalf of SERAP by its deputy director Timothy Adewale read in part: «The Applicant argues that allegations of corruption and mismanagement of N388.304 billion London Paris Club loan refunds by states have undermined the human dignity of workers and pensioners facing difficult circumstances that deprive them of their capacity to fully realize their internationally recognized economic and social rights.»
Justice Muslim Hassan ruled that SERAP could proceed with the legal challenge to unravel how exactly 35 states spent Paris Club loan refunds.
«Since the receipt of SERAP's letter dated 17th March, 2017, and up till the filing of this suit, the government has so far failed, refused and / or neglected to pass on to the Attorney - General of the Federation and Minister of Justice, information relating to the release and spending of N388.304 billion London Paris Club Loan refunds to 35 States by the Federal Government for appropriate legal action against the states.»
Ahmed Idris, to compile and pass on to the Attorney - General of the Federation and Minister of Justice, Abubabar Malami, SAN, information relating to the release and spending of N388.304 billion London Paris Club Loan refunds to the states.»
But the Economic and Financial Crimes Commission officials in Lagos claimed as follows: that «they have found a hotel being constructed by Governor Yari of Zamfara state with three million dollars he stole from London - Paris Club loan refund to Nigerian states.
State governors have said they were ready for the probe being conducted by the Economic and Financial Crimes Commission on how they spent the N522bn Paris Club loan refund.
«The local government component of the Paris Club loan refund also came handy in effort at assisting the councils to meet their obligation.
Not exact matches
• Joint - Ventures and Alliances • Traditional finance (loans, friends, angel investors, etc.) • Enterprise Zone Tax Credits and Refund Services • Local and Online Investment Clubs Community
«Furthermore, the Paris Club refund was not borrowed money but an over-deduction from states» repayments of a loan which the Federal Government is repaying to states that were erroneously debited.»
Over the course of the loan, Lending Club roughly 2 % - to account for this overcharge, Lending Club will make a balloon payment refunding an discrepancy over the 1 %.