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Fed Govt to stop $418m Paris Club refund payment

The Federal Government has made moves to block the redemption of about 62 promissory notes issued to consultants/contractors engaged by the Nigeria Governor’s Forum (NGF) and the Association of Local Governments of Nigeria (ALGON) to retrieve their shares of the Paris Club refunds.
The Federal Government, while faulting the procedure for the issuance of the promissory notes, has prayed a Federal High Court in Abuja to void the notes already issued.
In the suit, now before Justice Inyang Ekwo, the Federal Government and three others, listed as plaintiffs, want the court to, among others, set aside all the promissory notes and issue an order of perpetual injunction restraining the defendants and their agents “from exercising any proprietary rights” over the promissory notes.
Listed as defendants in the suit are: FSDH Merchant Bank Limited, Ned Munir Nwoko, Gregory Nangor Lar, Riok Nigeria Limited, Prince Orji Nwafor Orizu, Olaitan Bello, Dr. Ted Iseghohi Edwards, and Panic Alert Security System Limited.
Other plaintiffs in the suit are: the Attorney General of the Federation, the Minister of Finance, Budget and National Planning, and the Accountant General of the Federation.
The 62 promissory notes, valued at $418,953,668, were issued to the defendants on September 27, 2021 by the Debt Management Office (DMO) following judgments and orders of mandamus obtained against the Federal Government and the Minister of Finance by the defendants, who were said to have been engaged by the Federal Government and ALGON.
The plaintiffs are contending, among others, that the promissory notes are invalid, having been wrongly issued in violation of relevant laws.
They added that although the promissory notes were executed by the then Minister of Finance, Budget and National Planning and the Director General of the DMO, the notes were not signed as required.
The plaintiffs argued that “the promissory notes in issue were wrongly and unlawfully changed on the assets and revenues of the federation instead of the assets and revenues of the states and local governments, who incurred the applicable loans/debts”.
A Principal State Counsel in the Federal Ministry of Justice, Mr. Oyinlade Koleosho, stated in a supporting affidavit that the promissory notes were wrongly and invalidly issued against the assets of the federation.
The lawyer averred that sections 314 and 317 of the Constitution have separated the assets of a state or local government from the assets of the federation or the Federal Government of Nigeria.
Koleosho added that the 62 promissory notes issued to the defendants are invalid because they were charged on the assets of the Fed Govt, who is not indebted to any of the defendants (contractors/consultants).
The plaintiffs also claimed that the Federal Government of Nigeria did not engage any of the defendants, saying there is no valid consideration for the promissory notes issued to them (defendants).
According to court documents, FSDH Merchant Bank Limited was issued 10 promissory notes for the total value of $67,925,661.00, at the rate of $6,499,561.00 per note (allegedly for the benefit of Nwoko).
Gregory Nangor Lar, who is described as Nwoko’s agent, was issued two promissory notes “for the account/benefit of the second defendant (Nwoko) for the total value of $732,511.00 at the rate of $366,256.00 per note”.
Riok Nigeria Limited was issued 10 Federal Government of Nigeria promissory notes issued for the total value of $142,028, 941.00, at the rate of $14,202,895.00 per note.
Prince Orji Nwafor Orizu was issued 10 promissory notes for the total value of $1,219,440.00 at the rate of $121,944.00 per promissory note.
Olaitan Bello is said to have been issued eight promissory notes for the total value of $215,195.00 at the rate of $21,524.00 per promissory note.
Dr. Ted Iseghohi Edwards is said to have got 10 promissory notes for the value of $159,000,000.00, at the rate of $15,900,000.00 per note.
Panic Alert Security System Limited was also issued 10 promissory notes for the value of $47,831,920.00 being the total value of the 10 notes, with a value of $4,783,192.00 per note.
News
JUST IN: Senate shifts resumption to May 6

The leadership of the 10th Senate has announced a shift in the date of its resumption.
The earlier date for resumption was fixed for April 29, 2025.
However, the new date has been adjusted to May 6.
The announcement was contained in an internal memo dated April 20, 2025, addressed to all senators and signed by the Senate Clerk, Andrew Ogbonna Nwoba.
The postponement was hinged on the International Workers’ Day public holiday, which is celebrated on May 1 and for the lawmakers to take their time to attend to key constituency engagements.
The circular reads, “Distinguished Senators, I am directed to inform you that the resumption of plenary sittings of the Senate, earlier scheduled for Monday, 29th April 2025, has been rescheduled to Tuesday, 6th May 2025.
“This postponement is made to allow Distinguished Senators to stay with their constituents during the International Workers’ Day public holiday in the first week of May and to further enhance constituency engagements.
“Distinguished Senators are kindly requested to take note of this postponement while regretting any inconvenience the change might have caused.”
Recall that the Senate had on March 27 adjourned the plenary to allow lawmakers to observe the Easter and Eid-El-Fitr holidays.
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Judgment analysis: Report me to LPDC, Falana dares Wike

Human rights lawyer and Senior Advocate of Nigeria, Femi Falana, has dared the Minister of the Federal Capital Territory, Nyesom Wike, to report him to the Legal Practitioners’ Disciplinary Committee over his (Falana’s) analysis of the Supreme Court judgment on the Rivers State politucal crisis.
Falana, in a statement on Sunday, titled “I Did Not Lie Against the Supreme Court of Nigeria,” accused Wike of trying in vain to incite the Supreme Court against him.
The SAN said contrary to Wike’s claim, he did not lie or misrepresent the Supreme Court’s decision concerning the defection of 27 members of the Rivers State House of Assembly.
Falana dismissed Wike’s claims as “spurious and tendentious in every material particular,” accusing the minister of attempting to incite the apex court against him.
Wike had publicly criticised Falana during a press conference in Abuja, asserting that the senior lawyer misrepresented the Supreme Court’s ruling on Channels TV.
Wike said, “If someone of Femi Falana’s calibre can go on national television and lie, it’s very serious. Lies can cause a lot of crises.
”In response, Falana explained, “Mr. Wike subjected me to another scurrilous attack in a press conference, where he alleged that I lied about the defection status of certain legislators during my appearance on Channels TV.”
He added that the issue of the lawmakers’ defection was still pending before the Federal High Court in Port Harcourt when the Supreme Court made its ruling.
Falana clarified, “I did not lie against the Supreme Court in respect of the judgment in question.
All I said was that the matter of the defection of the 27 legislators was raised suo motu and determined by the eminent Justices of the apex court.
”He further asserted that there were video tapes and a sworn affidavit in which the lawmakers confirmed their defection from the Peoples Democratic Party to the All Progressives Congress.
Falana emphasised that his right to criticise court judgments is protected by both the Nigerian Constitution and international human rights law.
“My fundamental right to criticise the decisions of courts is guaranteed by Section 39 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), and Article 9 of the African Charter on Human and Peoples’ Rights,” he said.
The SAN accused Wike of hypocrisy, pointing out that the minister has a history of attacking judges when rulings do not align with his political views.
Falana added, “Unlike Mr. Wike, who calls judges names whenever they disagree with his politics of opportunism, I have always criticised the judgments of domestic and regional courts with utmost decorum and in good faith.”
He referenced a famous statement by the late Justice Oputa in the Adegoke Motors Limited v. Dr. Babatunde Adesanya case: “We are final not because we are infallible; rather, we are infallible because we are final,” highlighting the judiciary’s openness to criticism.
Falana also quoted former Chief Justice of Nigeria, Ibrahim Tanko Muhammad, who once said, “You have the responsibility of drawing our attention to where things are going wrong or on the verge of going wrong.
”Falana challenged Wike to take legal action if he believed Falana had breached professional conduct.
“Since he has become the unsolicited defender of the judiciary, I challenge him to report me to the Legal Practitioners Disciplinary Committee for professional misconduct,” Falana said.
On the issue of legislative defection, Falana warned that the Supreme Court’s recent stance—requiring proof of defection through a party’s membership register—could embolden “unpatriotic politicians to justify political prostitution in Nigeria.
”He urged the court to adhere to its earlier rulings, such as in Attorney-General of the Federation v. Abubakar and Abegunde v. Ondo State House of Assembly, where it ruled that legislators who defect automatically lose their seats.
Falana concluded that Wike’s attempts to discredit him had failed.
“It is indubitably clear that the allegation leveled against me by Mr. Wike is spurious… He has failed in his desperate bid to incite the Justices of the Supreme Court against me without any basis whatsoever.
”In a recent media outburst, Wike taunted Falana for losing a case he had won at the Supreme Court, dubbing him “a television lawyer.”
Falana chose not to engage with Wike’s comments at the time, stating, “Mr. Wike is the only life bencher in Nigeria who has never handled a case in any trial court or appellate court.
”Falana further added, “It is no crime if a lawyer loses a case in any court. Only a corrupt lawyer wins all cases in all courts.”
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Killings: Shettima visits Plateau today, Danjuma calls for self-defence

Amid renewed violence in Plateau and Benue states that has claimed over 100 lives in recent weeks, Vice President Kashim Shettima is expected to visit Plateau State today (Monday) as part of federal efforts to stem the tide of attacks and foster lasting peace.
The visit comes days after gunmen launched deadly attacks on Bokkos and Bassa communities in Plateau, attracting public outrage and deepening calls for urgent government intervention.
Confirming the Vice President’s visit, the Minister of Humanitarian Affairs and Poverty Reduction, Dr. Nentawe Yilwatda, disclosed during a tour of affected communities in Bassa on Saturday that Shettima’s visit was directed by President Bola Tinubu himself.
“Mr. President is deeply concerned about these killings. That is why the National Security Adviser was here last week, and now the Vice President is coming to engage stakeholders directly,” Yilwatda stated.
During his visit, Shettima is expected to convene a high-level stakeholders’ meeting aimed at enhancing security coordination and strengthening local peace initiatives.
The Minister of Defence, Mohammed Badaru, who also visited the communities with top military commanders, including Maj. Gen. Folusho Oyinlola, assured residents of the Federal Government’s commitment to justice and security.
“We are investigating seriously. We are on the trail of the perpetrators and, by God’s grace, they will be brought to justice,” Badaru said.
“Support programmes for victims, especially widows, have also been launched, and more help will come to ease their pain,” he added.
Meanwhile, a former Minister of Defence, Lt. Gen. Theophilus Danjuma (retd.), has once again called on Nigerians to rise and defend themselves.
Speaking at a public function in his hometown, Takum, Taraba State, Danjuma reiterated a warning he gave five years ago, arguing that relying solely on government security forces is no longer realistic.
“The warning I gave years ago remains valid. Nigerians must rise and defend themselves before these bandits overrun the entire country,” he said.
Danjuma expressed sorrow over the ongoing killings in Benue and Plateau states, describing them as evidence of the government’s failure to secure the lives and property of its citizens.
“We must be proactive. We cannot continue to watch helplessly while our people are massacred. Enough is enough,” he stressed.
Also, the Plateau Youth Council, Northern Zone, condemned the attacks as deliberate and genocidal, rather than communal clashes as claimed by federal officials.
Addressing journalists in Jos, PYC Northern Coordinator, Samson Chiroma, said, “These are not random clashes. These are systematic attempts to displace our people, coinciding with the beginning of the wet farming season.
This is genocide, plain and simple.”Chiroma accused Fulani militias of carrying out the attacks and faulted the Federal Government’s response as inadequate and detached from reality.
“If the authorities are serious about stopping these killings, they must start by arresting those making inciting statements. Otherwise, it will appear that some people are above the law,” he said.
He called for urgent reinforcement of Operation Rainbow, the state’s local security outfit, through recruitment and retooling to better protect vulnerable communities.
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