You are here
Home > Blog > I Rejected $80m Bribe Over Paris Club Refunds – Kayode Fayemi

I Rejected $80m Bribe Over Paris Club Refunds – Kayode Fayemi

Spread the love
Governor Kayode Fayemi

Governor Kayode Fayemi of Ekiti State has revealed how he was offered $80million bribe to drop his objection to the settlement of the $418million judgment debts purportedly owed by states and their local governments in securing the Paris Club refunds.

The controversial debts had arisen from various court judgments ordering that some contractors and consultants be paid for certain services and projects executed for the various states and the 774 local governments.

Some of the claimants were said to be consultants engaged by the states and local governments to secure recovery of funds over-deducted from their allocations between 1995 and 2002 to service then London and Paris Club loans.

The contractors among the claimants were purportedly engaged to execute certain projects in all the 774 local governments in anticipation that they would be paid from the Paris Club refunds.

In an interview with PremiumTimes, Fayemi who is the Chairman of the Nigeria Governors’ Forum (NGF), said that he was offered the money after he rejected an initial $40 million offer.

He said the fixers who approached him over the matter, also raised the offer to $80 million when they could not break his resistance with the initial $40million offer. He said he rejected the $80million offer in the interest of justice.

Fayemi since taking over as the NGF Chairman has been making efforts to stop the planned payments, demanding a forensic audit to determine the legitimacy of the entire $418 million debts which translates to about N159 billion.

President Muhammadu Buhari’s Chief of Staff, Ibrahim Gambari, along with the Minister of Finance, Zainab Ahmed, and the Attorney-General of the Federation (AGF), Abubakar Malami, has been scrambling to have the purported creditors hurriedly paid, despite the red flags but the Fayemi-led NGF, the Economic and Financial Crimes Commission (EFCC), and the Association of Local Governments of Nigeria (ALGON), have raised against it.

However, SaharaReporters in a report accused Fayemi of demanding 10 per cent of the total amount at stake to drop his objection to the payment, an allegation Fayemi denied, claiming it was being bandied around to smear him and blackmail him into submission.

“The so-called creditors have rather been reaching out to me and sending emissaries to beg me to change my position on the matter. I was initially offered 10 per cent of the entire $418 million, which is about $40 million, to support the payment and I said no, this is not about me.

“Then the offer was raised to 20 per cent, which is about $80 million, but I still rejected it in the interest of justice and Nigerians. To be frank, I was alarmed that some persons sent to me could agree to discuss such an issue with me,” Fayemi said.

Fayemi said he had nothing against the creditors but had to ensure that the right thing is done.

“I don’t have anything against the creditors. But I believe we should carry out the forensic audit in the interest of justice. If after the audit, it is found out that they are legitimate debts I will immediately support the payment. But we have to do what is right,” the governor said.

Past leaderships of ALGON and the NGF had given tacit support to the six claimants in securing court judgments to validate their claims to their shares of the refunds.

But Fayemi-led NGF with the support of the National Executive Council (NEC), has however demanded a forensic audit of the contracts leading to the judgments and the entire indebtedness.

Lady Decency
Decency Global News is one of the world's finest blog you can see anywhere around the world. We deal on fresh facts with indept analysis & investigative reporting across the globe. We advertise & market goods & services for corporate bodies and individuals as well as event management & Public Relations consultation…. We appreciate constructive criticism to serve you better. Welcome & enjoy the news... Contact: Tell: +234 803 744 6365 +33757936595

Leave a Reply