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BREAKING: Paris Club Refund: Court freezes Cross River Bank Account

Sen Ben Ayade, Cross River State Governor 
Justice Yusuf Halilu of the Federal Capital Territory (FCT) High Court has issued an ex-parte order directing that the Paris-London Club Refund bank accounts of Cross River State be frozen.

Other states accounts to be frozen include Abia and Delta states account.

The account listed by the court to be frozen are: Abia state Paris and London Club Debit Refund, 1019892950, UBA Bank Plc; CRS Paris and London Club Debit Refund, 101989719, UBA Bank Plc; and DTSG CRS Paris and London Club Debit Refund, 1012906702, Zenith Bank Plc respectively.

The court gave the order amidst allegations that the governors of the three states preferred payment to family members, friends, and cronies in the guise of settling the fees for consultancy services at the expense of the real consultant progenitor of the Paris-London Club Refund.

Abia state government reportedly owes the real consultant progenitor the sum of $11,325,000 and N1.72bn; Cross River state government owes the sum of $8,050,000 and N1.2bn; While, Delta state government owes $27,274,135 and N3bn.

According to documents available, the court order was sequel to an affidavit in support of ex-parte originating summons sworn to by Dr. Maurice Ibe, the Chairman and Managing Director of Mauritz Walton Nigeria Ltd, and filed before the court by his Counsel; Alex Marama, Charles Ude, and Kenneth N. Esq

Ibe averred that there is an urgent need for the court to direct the third defendants (United Bank for Africa (UBA) Plc and Zenith Bank Nig. Plc) in the suits CV/2470/17, CV/2536/17, CV/2469/17 and motions M/8777/17, M8780/17, M/8784/17 to, in the interim, stop further disbursement of the money already in or accruing to the respective Paris-London Club Refund accounts domiciled with them which belong to the three states respectively.

The Court also ordered the banks to set up an escrow account where the said funds will be deposited pending the hearing and determination of the Motion on Notice.

Abia state government led by Theophilus Orji had engaged Mauritz Walton Nigeria Ltd on the 3rd of November, 2014 to pursue the refund of excess deductions on foreign loans and miscellaneous charges in exchange of 30 percent of any fund recovered.

Similarly, Cross River government engaged the same consultancy firm on the same date for the same purpose in exchange of 20 percent of any fund recovered.

Delta state government under governor, Emmanuel Uduaghan also engaged the services of Mauritz Walton Nigeria Ltd in exchange of 30 percent of any fund recovered.

Justice Halilu, while granting the order freezing the accounts, adjourned the suit to 7th September, 2017 for hearing.
Politics 3160040561257502540

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  1. Paris Club Refund: Court freezes bank accounts of Abia, Cross River, Delta states
    By Chijioke Jannah on August 7, 2017 DAILY POST


    THIS IS A MATTER THAT IS IN COURT. ONE CAN NOT SAY MUCH. BUT NEVER THE LESS IF ONE READS A LITTLE THAT WAS PUBLISHED IN THE DAILY POST NEWS PAPER I CAN SAY THIS ARRANGEE BUSINESSES TOOK PLACE DURING THE THE GOV IMOKE REIGN. AND NOT NOW. AND BESIDES WHEN THE AYADE GOVT CAME TO POWER IN 2015. I REMEMBER VERY WELL THE GOV'S FORUM MET AND TOOK A UNANIMOUS DECISION THAT WAS BINDING AND IRONICALLY GOV. AYADE WAS NOT IN THAT MEETING THAT NO STATE GOVT SHOULD HIRE ANY CONSULTANT FOR THE PURPOSE OF THE PARIS AND LONDON CLUB DEBIT REFUND. ALL THE 36 STATES WHERE TO PAY 5% FEE EACH AND WAS DEDUCTED FROM SOURCE AS CONSULTANCY FEE DIRECT TO THE GOVERNOR'S FORUM TO SETTLE.. IF GIVEN THE OPTION A TRUE CROSSRIVERIAN SON AS GOVERNOR WILL HAVE STILL INSISTED ON NEGOTIATING DOWN THE 5% THAT WAS FORCED DOWN OUR TROT BY THE GOVERNORS FORUM BUT IN ANY CASE THAT IS STILL BETTER THAN THE 20% MAURITZ WALTON NIG. LTD IS DEMANDING FROM CROSS RIVER STATE NOW WHICH STANDS AT $8 MILLION AND NO DOUBT THIS MUST HAVE BEEN NEGOTIATED AND ACCEPTED BY THE GOV IMOKE ADMINISTRATION. THE $8 MILLION CONSULTANCY FEE PUT THE STATE INTO IS MORE THAN ENOUGH TO PERPETUALLY IMPOVERISH THE STATE FOR YEARS. AND WHAT HAD BEEN LEFT BY GOV, IMOKE FOR AYADE TO RUN CROSS RIVER STATE. IT IS EQUALLY A KNOWN FACT THAT WHEN THE SECOND TRANCHE OF THE PARIS AND LONDON CLUB DEBIT REFUND WAS MADE CROSS RIVER HAS REFUSED IF AM NOT MISTAKEN TO PAY HER 5% BECAUSE IT HAS AND WANTS TO FOLLOW DUE PROCESS. AND THAT'S WHY SHE IS LIKELY GOING TO HAVE PROBLEMS COLLECTING THE NEXT RELEASE.FROM PARIS AND LONDON CLUB.DEBIT REFUND. WELL I AS A PERSON WILL JOIN IN THIS MATTER.TO CHALLENGE THE COURT ORDER ORDERING THE FREEZING OF THE ACCOUNTS OF CROSS RIVER STATE PARIS AND LONDON CLUB REFUND BANK ACCOUNT. WE CAN NOT AND WILL NOT ALLOW $8 MILLION US DOLLARS TO BE TAKEN AWAY DUE TO BAD GOVERNANCE OF THE STATE AND WITHOUT ALLOWING FOR DUE PROCESS. I HAVE NO DOUBT THE SAME RUBBISH WILL HAVE TAKEN PLACE DURING THE GOV DUKE PERIOD WHEN SEVERAL LOANS WHERE NEGOTIATED WITH ONLY GOD'S KNOWS CONSULTANTS AND PERCENTAGES PAID OUT. WE MUST GET TO THE BOTTOM OF ALL THIS. THE GOV AYADE GOVT. MUST DO ALL IN ITS POWER TO DEFEND EVERY KOBO OR DOLLARS OF US THAT MUST HAVE BEEN PAID OUT UNDULY AS CONSULTANCY. AND I AM CONFIDENT AND PROUD TO SAY THE AYADE GOVT. IS NOT RECKLESS.

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