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.
Niger Delta
Pro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
History was made on Wednesday 17th June, 2026 when the Okey Onuchuku Institute of Peace and Conflict Studies building was handed over to Ignatius Ajuru University of Education (IAUE).
Speaking during the hand over ceremony, which attracted an array of personalities from various works of life, the 13th Pro-Chancellor and Governing Council Chairman of IAUE, Chief Chinyere Igwe, commended the Vice Chancellor of IAUE, Professor Okechuku Onuchuku, for giving back to the University with the institute’s building project.
While affirming that Government cannot do it all, he encouraged individuals, corporate organizations, institutional partners to ensure the growth of University education in Nigeria.
He praised Tertiary Education Trust Fund (TETFUND) for sustaining University Education in Nigeria, and called for good initiatives and support “that will not only benefit the University, but put IAUE on the map of academic excellence in Nigeria and beyond.”
Earlier, the Vice Chancellor, Professor Onuchuku, expressed gratitude to his wife, Mrs. Chika Onuchuku, and family for all the support given for the vision achieved.

He also thanked his close associates, political friends, well-wishers, and others who donated generously towards the building project.
“The growth of Universities all over the world”, Professor Onuchuku said, “comes from personal efforts of individuals, alumni associations and others.”
He noted that donations as being witnessed is the best way to go and called on all to invest in the Nigerian education system and immortalize their names with worthwhile donations and contributions..
The Okey Onuchuku Institute of Peace and Conflict Studies building, he further stated, “is donated as a Professorial Chair with the Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, also a Professor of Peace Studies, as the occupant of the Professorial Chair.
Giving his address, the Director, Okey Onuchuku Institute of Peace and Conflict Studies, Professor Kingdom Elendu Ohia Nwaenyi, lauded Professor Okechuku Onuchuku for sacrificing his hard earned salaries, allowances and funds raised from two volumes of textbooks in his honour and titled “Perspectives on Nigeria’s Development”, launched on his 60th birthday.
He noted that the project is the first legacy to be accomplished by any serving Vice Chancellor in the institution.
Professor Nwaenyi stated that the Institute mounted five programmes: Peace and Conflict Studies; Peace Building and Development; Peace Building and Security Studies; Peace Building and Conflict Management; and Peace Education.
The institute, he explained, has birthed over fifty students running programmes in Postgraduate Diploma, M.A, M.Sc, M. Phil, and PhD.
Thirty students are in the PhD programme, fifteen are admitted into the Masters and M.Phil, and eight in Postgraduate Diploma Programme.
He expressed hoped that the Institute would check litigation and provide alternative dispute resolution.
In a vote of thanks, the Chairman, Okey Onuchuku Peace and Conflict Studies and Dean of Postgraduate School, Professor Chibuzor Chile Nwobueze, thanked God for His grace and enablement.
He prayed for the donor and Vice Chancellor of IAUE, Professor Okechuku Onuchuku, and further expressed his gratitude to Professor Isaac Olawale Albert, the third most cited Peace Scholar in the world, for his collaboration in developing a world class curriculum.
While thanking all who supported and celebrated with the University in this regard, Professor Nwobueze assured the public that the Okey Onuchuku institute of Peace and Conflict Studies will emerge as a centre of excellence, contributing meaningfully to scholarship, policy formulation, community engagement and the promotion of peaceful coexistence within Nigeria, Africa and the global Community.
The Institute, he stated, is willing to partner with the Society for Peace Studies and Practice (SPSP) in line with its mandate to promote peace studies, Peace building, Conflict Management and sustainable development.
The institute has over four lecture halls with sixty to one hundred and twenty capacity, a befitting conference hall, offices for staff and a library.
A donation of one million naira was made during the event for the best two graduating students of the institute by Barrister Nyema Wagbara, the Leader of Dynamic Development Club of Port Harcourt based in Rumuolumeni.
Each of the two best graduating students will get the sum of five hundred thousand naira.
The event featured goodwill messages from Professor Isaac Albert, Professor Alwell Nteegah, the Chairman of Society for Peace Studies and Practice, Rivers State Chapter, Dr. Benjamin Ibietonye.
Dr. Emem Nyewene presented the goodwill message of the Society for Peace Studies and Practice National.
Others who gave goodwill messages are Ambassador Green Isaac, the Country Director, Relief International Africa, and Comrade Levi Zachariah George, Chairman Postgraduate Students Association.
The event also featured rendition for Professor Okechuku Onuchuku by Dr Maria Abidiak.
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