Niger Delta
N649bn Paris Club Refund: Niger Delta States To Get Lion’s Share
There are strong indications that five states may get the highest allocation out of the N649.43bn expected to be paid by the Federal Government to state governments from the final tranche of the Paris Club loan refund.
The states, according to investigations by our correspondent, are Akwa Ibom, Bayelsa, Delta, Kano and Rivers.
Findings by our correspondent in Abuja showed that due to their strategic importance in terms of revenue allocation, the five states had suffered the highest deductions when the loans for the payment of the Paris club debt were being deducted from the federation account.
It was also gathered that the Federal Government might not pay the final tranche of the N649.43bn refund until after May 29 when new states’ chief executive officers are sworn in.
A top government official confided in said that states that got the highest allocation from the Federation Account Allocation Committee were those that suffered highest deductions during the payment of the Paris club debt. The Paris Club refunds are the longstanding claims resulting from reported over-deductions regarding Paris Club debts made from state government accounts as far back as 1995 to 2002.
These refunds are over-deductions from the states’ FAAC payments for foreign loan servicing over the stated period. The refunds have been the subject of dispute between the federal and state governments for quite some time.
The source told our correspondent that now that the amount was being refunded, the same pattern that was adopted for the deduction would be used for the refund.
The source stated, “You will recall that in December 2016, the first tranche of Paris Club refund was made to the state governments.
“The amount given was about N516bn, and out of this, five states — Akwa Ibom, Bayelsa, Delta, Kano and Rivers — got the highest amount of about N135bn.
“A few months later, we released the second tranche of N243bn, and each of these five states got about N10bn which makes about N50bn.”
The source added, “Now that work has been concluded on the final tranche, I can tell you that they will also receive more than other states.
“This is because deductions for the payment of the debt were made from FAAC allocations and these states received more money than any other states of the federation due to the revenue sharing formula.
“So it is natural that since they suffered huge deductions during the payment of the loan a few years back, now that the money is being refunded by the Federal Government to states, they will get what was deducted.”
On when the ministry will start the release of the money, the source said the release of the fund would depend on President Muhammadu Buhari’s directive.
He said, “We have done our own job by verifying how much would be paid to the states government as the final tranche.
“But you know that the administration is winding down in two weeks and from what we are hearing, the cabinet may be dissolved next week.
“So there is no possibility that the money will be released before the dissolution of the cabinet.
“Secondly, there will also be a change of government in many of the states. So, you don’t expect that such huge sums of money would be released by the Federal Government to state governments at this time when there are so many uncertainties.
“From the look of things, the release of the fund may be done when the new administration settles down after the formation of a new cabinet.”
The Special Adviser on Media to the Minister of Finance, Mr. Paul Ella, said he had no information on when the amount would be released.
News
King Jaja Impacted Beyond Rivers -Deputy Gov
Rivers State Deputy Governor, Professor Ngozi Odu, has poured accolades on late Amayanabo of Opobo, HRM Dandeson Douglas Jaja V, saying his footprints went beyond the State.
Speaking during a condolence visit to the wife of the late king, Prof. Odu said the late monarch contributed meaningfully beyond the shores of Rivers State.
“He contributed not only to Opobo, not only to Rivers State, but to Nigeria as a nation. We all know the various positions he held until his passing. For us as a Commission, we are really going to miss him greatly, especially at this time when his guidance was most needed,” she stressed.
She described the late king as a distinguished traditional ruler whose life and service contributed immensely to the development of Rivers State and Nigeria at large.
The deputy governor, who also serves as Chairman of the Rivers State Boundary Commission, noted that until his demise, King Jaja was an Ex-Officio member of the Commission, representing Rivers South East Senatorial District.
According to her, the late monarch actively participated in several meetings of the Commission and played an important advisory role.
“He actually participated with us in a couple of meetings. It was with great shock that we received the news of his passing. We saw daddy as someone who was very strong, healthy and athletic,” Prof. Odu said.
Prof. Odu explained that the Commission relied heavily on the wisdom of traditional rulers like the late monarch to ensure that its responsibilities were carried out properly and conscientiously.
She assured the family of the Commission’s continued support, saying they will remain close to the family throughout the burial arrangements and beyond.
Addressing the widow, Queen Prudence Dandeson Douglas Jaja, Prof. Odu said the visit was to commiserate with her and encourage her during the period of mourning.
“Please accept our condolences. Please be strong and put your hope in God. The God who watches over widows will never abandon you,” the deputy governor prayed.
“We cannot question God. What has happened has happened. All we can do is to pull ourselves together. That is why we are here to pray that the Holy Spirit will strengthen you, that God will turn your sadness into joy and clothe you with a garment of beauty,” she added.
Responding, Queen Jaja described her late husband as a gentle, humble man who was deeply committed to the progress of Rivers State, and Nigeria at large.
She expressed gratitude to the deputy governor and other members of the Boundary Commission for identifying with the family in their moment of grief.
“We are praying that his soul will rest in perfect peace. I thank you very much for coming to console me at this trying moment. Seeing you here has given me comfort. God bless each and every one of you,” she said.
She also offered prayers for the delegation, wishing them a long life and good health.
Highlight of the visit was the presentation Letter of Condolence from the Rivers State Boundary Commission to Queen Jaja.
Kevin Nengia
Niger Delta
Former Bursar Savours Leadership Merit Award
The former Bursar of Ignatius Ajuru University of Education, Rumuolumeni, Port Harcourt, Dr Davis Ojima, has expressed delight over the Leadership Merit Award recently presented to him by Ohiauga Community in Igburu Clan in Ogba/Egbema/Ndoni Local Government Area of Rivers State, describing it as a befitting crowning moment in his life.
Dr Ojima, who made the remarks while speaking with newsmen shortly after receiving the award, said it was an endearing milestone to be considered by his community for that rare honour, and expressed gratitude to the community for recognising his modest contributions to the development of the area.
The former Bursar, who is still in active public service, noted that the honour done to him came at a time when he least expected it, and thanked God for the rare privilege, as well as providing him the opportunity, the enabling environment and zeal to contribute his quota to the development of the area.
Dr Ojima, therefore, assured the people that he would remain committed to promoting peace, unity and sustainable development initiatives in the community.
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