• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
$418m Paris Club Refund: Nigerian Govs Asks Billionaire Ned Nwoko To Save Energy For Legal Battle

$418m Paris Club Refund: Nigerian Govs Asks Billionaire Ned Nwoko To Save Energy For Legal Battle

4 years ago
US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

7 hours ago
Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

10 hours ago
Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

1 day ago
Macron Postpones State Visit To Nigeria Till 2027

Macron Postpones State Visit To Nigeria Till 2027

2 days ago
UK Considers Reducing Voting Age To 16

UK To Establish ‘World First’ AI Biosecurity Lab, Plans £100m Investment

2 days ago
Tuesday, October 27, 2026
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Cameroon: Leading Opposition Elects First Female President

    Cameroon: Leading Opposition Elects First Female President

    Tunisia: Thousands Stage Protest Against President Saied

    Tunisia: Thousands Stage Protest Against President Saied

    Ethiopia Says It Will Not Go To War With Eritrea Over Red Sea Access

    Ethiopia: PM Abiy Sets Up Interim Govt In Tigray After Escalations

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    Guinea-Bissau: Ousted President Embalo To Seek Election December

  • Economy
    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Release $200m Financial Package For Niger

    Presidency Reacts As Nigeria Exits IMF’s Debtors List

    Nigerian Government Offers 30-Day Discount On Petrol To Citizens

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    AU Officially Unveils Africa’s First Credit Rating Agency

    AU Officially Unveils Africa’s First Credit Rating Agency

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Zimbabwe: Mnangagwa Emerges Presidential Candidate In Election Due For 2030

    Cameroon: Leading Opposition Elects First Female President

    Cameroon: Leading Opposition Elects First Female President

    Tunisia: Thousands Stage Protest Against President Saied

    Tunisia: Thousands Stage Protest Against President Saied

    Ethiopia Says It Will Not Go To War With Eritrea Over Red Sea Access

    Ethiopia: PM Abiy Sets Up Interim Govt In Tigray After Escalations

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    DR Congo: Kabila Joins Forces With M23 Rebels, Forms New Coalition To Challenge Tshisekedi

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Trump Calls For Zelensky’s Replacement As Ukraine’s President To End Russian War

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Malawi: Why Does Mutharika Keep Travelling To South Africa? Fifth Trip In One Year Sparks Fresh Debate

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Ethiopia Renews Demand To Access Red Sea As Tension With Neighbours Rises

    Guinea-Bissau Gives Portuguese Journalists Aug. 19 Ultimatum To Leave

    Guinea-Bissau: Ousted President Embalo To Seek Election December

  • Economy
    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Nigeria, AfDB Move To Unlock $6.2bn Portfolio To Fast-Track Projects

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    Africa Must Move Beyond Raw Materials To Build Global Industrial Power – Adesina

    IMF To Visit Senegal In August, With Focus On Hidden Debts, New Disbursements

    IMF To Release $200m Financial Package For Niger

    Presidency Reacts As Nigeria Exits IMF’s Debtors List

    Nigerian Government Offers 30-Day Discount On Petrol To Citizens

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    Five Countries Push Ahead With €13bn North Africa-Europe Hydrogen Corridor

    AU Officially Unveils Africa’s First Credit Rating Agency

    AU Officially Unveils Africa’s First Credit Rating Agency

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    Kenya: Ruto Orders 10-Day Pension Payment Period For Retirees

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    African Leaders Seek Homegrown Capital To Power Continent’s Growth

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

    Kenya: Lamu Residents Raise Environmental Concerns Over $16bn Dangote Refinery

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News
Home Politics

$418m Paris Club Refund: Nigerian Govs Asks Billionaire Ned Nwoko To Save Energy For Legal Battle

August 22, 2022
in Politics, Top Stories
0 0
0
108
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Emmanuel Nduka

The Nigeria Governors’ Forum (NGF) has advised businessman and philanthropist, Ned Nwoko, who is one of the alleged consultants on the Paris Club refund, to reserve all of his recent outburst against its Chairman, Dr. Kayode Fayemi, and channel them towards litigation.

Relatedreading

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

While speaking with journalists over the weekend in Abuja, Nwoko alleged that the consultancy fee owed by the states and local governments was $68 million and not $418 million.

“The outstanding fees owed my firm with regards to last work done for the states is approximately $68 million and not $418 million as maliciously sought to be conveyed by Fayemi and co,” he said, alleging that the NGF told lies.

Reacting to this in a statement signed by Abdulrazaque Bello-Barkindo, Director, Media and Public Affairs, NGF Secretariat, the governors stated that Nwoko in his statement, attempted to blur and obfuscate the real facts and legal issues in controversy by dishing out blatant lies and half-truths about the whole transactions in the Paris Club refund deal.

The NGF in the statement made available to journalists in Abuja on Sunday, declared that “the salient facts on the fraud associated with the Paris Club refunds can never be changed by a thousand press statements by the AGF or any of the consultants.”

“While Ned has vowed to fully enforce the judgment in FHC/ABJ/CS/130/2013, may we remind him that the law does not permit the enforcement of a judg­ment that is on appeal. Let him reserve all his vitu­perations against the NGF chairman and canvass them on appeal as the law may permit him.

“No professional advocacy or media campaign to hoodwink the public can change the law.

“We are not unmindful of the ridiculous claim by one of consultants that it was his media campaign that swayed a Federal High Court judgment in favour of the NGF.

“Interestingly, the public which is the greatest victim in the mismanagement of scarce public resources has since been well informed and is on red alert to avert and stop what is apparently an attempt by some ravenous rent seekers masquerading as consultants to further exacerbate the economic woes of citizens under the prevailing dire economic situation.

“The use of libelous language on the person of the chairman of NGF, who has refused to be compromised and has firmly stood his ground on the unconstitutional and unlawful nature of the consultants’ claims, is not helpful to their case either.

“NGF is an apolitical organisation that operates under defined principles targeted at good governance. Its role in the whole of this Paris Club refund debacle to consultants is to ensure that Nigeria citizens are not unlawfully deprived of resources meant for their development.

“NGF will not therefore waste its valuable time to defend unsubstantiated allegations against individuals or persons who are in a position to defend themselves.

“If Ned is sure of his facts, he is at liberty to approach the necessary authorities to bring to justice on any person or persons and all conspirators (including himself) who were allegedly involved in misappropriating public resources for campaign financing.

“The NGF hereby states unequivocally that it has not at any time been involved in or been in re­ceipt of USD$100 million or any other funds from Ned Nwoko to finance elections in any state.

“Perhaps, confirming our fears and that of the public that the AGF has abdicated his role as public defender and trustee and become the strongest advocate to the consultants is now evident in Ned Nwoko’s press statement wherein he praised the role played by the AGF, describing it as inevitable.

“Ned cannot say that the consultants have no official platform to canvass their case, when the AGF has, in spite of public protestation, provided the strongest and most virulent platform to campaign for the expeditious payment of the sums claimed.

“The AGF has addressed and issued over half a doz­en press statements justifying why the consultants should be immediately paid. Not even Ned’s solicitors could have done any better,” the NGF statement read.

 

Tags: breakingHeritageheritage timesheritagetimesmedialatestNed NwokonewsNigeria Governors Forumthe heritage timesthtthtafricatop stories
ShareTweetSend
Previous Post

Ivory Coast: Former First Lady Simone Gbagbo Launches Political Party

Next Post

Nigeria’s Falconets Crash Out Of FIFA U20 Women World Cup 

Related Posts

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

October 26, 2026
Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

October 26, 2026

Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

Macron Postpones State Visit To Nigeria Till 2027

UK To Establish ‘World First’ AI Biosecurity Lab, Plans £100m Investment

AfDB, UK Export Finance Forge Partnership To Unlock Funding For Africa

Next Post
Nigeria’s Falconets Crash Out Of FIFA U20 Women World Cup 

Nigeria's Falconets Crash Out Of FIFA U20 Women World Cup 

Please login to join discussion
AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1 AfriHeritage Magazine Issue 3 - Cover 1
AfriHeritage Magazine 2026 AfriHeritage Magazine 2026 AfriHeritage Magazine 2026

Updates

  • Trending
  • Comments
  • Latest
Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

Malawi: Electoral Commission Warns Chakwera, Mutharika Against Premature Victory Celebration

September 18, 2025
Paris Olympics: D’Tigress Out, Nigeria Still Searching For Medal 12 Days After

Paris Olympics: D’Tigress Out, Nigeria Still Searching For Medal 12 Days After

August 8, 2024
Euro Qualifier: France Record Historic Victory In 14-Goal Thrashing Of Gibraltar 

Euro Qualifier: France Record Historic Victory In 14-Goal Thrashing Of Gibraltar 

November 19, 2023
Saudi Considers Launching English TV Channel As Al Jazeera’s Rival

Saudi Considers Launching English TV Channel As Al Jazeera’s Rival

May 10, 2023
Nigeria: 23-Yr-Old Journalist Recounts Ordeal In Police Detention Over Facebook Post

Nigeria: 23-Yr-Old Journalist Recounts Ordeal In Police Detention Over Facebook Post

0
US Imposes Mandatory Ebola Screening For Passengers To Prevent Spread

US Imposes Mandatory Ebola Screening For Passengers To Prevent Spread

0
South Africa Pursuing Genocide Case Against Israel Despite Ceasefire — Ramaphosa

South Africa: Crowd Of 50 Beats Foreigner To Death

0
Burkina Faso: Military Government Dissolves Political Parties

Burkina Faso: Parliament Votes To Restore Capital Punishment

0
US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

October 26, 2026
Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

October 26, 2026
Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

October 25, 2026
Macron Postpones State Visit To Nigeria Till 2027

Macron Postpones State Visit To Nigeria Till 2027

October 25, 2026

Most Recent

US: Man Who Stole, Swallowed $760,000 Worth Of Jewellery Awaits Sentencing

October 26, 2026

Algeria To Deploy Troops To Niger In First Foreign Mission In 53 Years

October 26, 2026

Former Nigerian President Urges Africa To Invest In Research Universities For Industrial Growth

October 25, 2026

Macron Postpones State Visit To Nigeria Till 2027

October 25, 2026

UK To Establish ‘World First’ AI Biosecurity Lab, Plans £100m Investment

October 24, 2026

AfDB, UK Export Finance Forge Partnership To Unlock Funding For Africa

October 24, 2026

Nigeria: 23-Yr-Old Journalist Recounts Ordeal In Police Detention Over Facebook Post

October 23, 2026

US Imposes Mandatory Ebola Screening For Passengers To Prevent Spread

October 22, 2026

About

Heritage Times HT stands as a beacon of pan-African journalism, dedicated to amplyfing the rich tapestry of voices and narratives across the continent. With unwavering commitment, we illuminate the evocative essence of Africa, offering a fresh perspective that captivates our global audience.

Featured

A Nuclear-Armed North Korea As A Metaphor For The ‘Safe State’

One Year of Transformative Stewardship: Walson-Jack’s Innovative Impact on Nigeria’s Civil Service

Africa’s Largest Tech Event, MWC25 Kigali, Returns With Focus On Innovation, Policy

Connect

Connect with us on social media and receive timely updates on the go.

Get Updates

  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.