Court Freezes Delta State Paris Club Refund Account Over Consultancy Debt Owned Mauritz Walton Ltd

A Federal Capital Territory High Court, Abuja, has frozen the bank account which houses share of Paris Club Refund, belonging to the Delta State Government, for alleged failure to pay consultancy fees to Mauritz Walton Nig. Ltd.
The court ordered Zenith Bank to set up an escrow account for the frozen fund pending the determination of the Motion on Notice. Zenith Bank is a co-defendant in the suit.
Justice Y. Halilu, who issued the interim order, bared the state government from accessing the $27.2m and N3bn in the said account.
A private firm, Mauritz Walton Nig Ltd, which filed the suit, claimed that the frozen sum is what was due to it as consultancy fee from the money the state received as “proceeds of the refund of excess deductions on foreign loans and miscellaneous charges (aka Paris-London Club Refund).”
Mauritz Walton Nig Ltd said going by its contract with the Delta State Government, the company was entitled to 30 per cent of the total sum received by the state government.
Mauritz Walton Nig Ltd is said to have assisted some state governments in computing and negotiating the refund of the excess deductions on the foreign loans.
The suit has been adjourned to September 7.
Meanwhile, Delta State Government, Monday, disclosed how the state spent its N10bn of the Paris Club refund it recently received from the Federal Government.
Ifeanyi Okowa made the explanation in Asaba, the state capital, while answering questions on “Trend Talk,” a talk show, on Trend 100.9 FM.
Okowa, who was represented by his Chief Press Secretary, Charles Aniagwu, disclosed that out of the N10bn, local governments in the state were given N2.1bn as their statutory share, while about N5bn was set aside to settle certain issues relating to salary arrears, co-operative deductions and pensions.
He further disclosed that the sum of N2bn was earmarked for priority projects that require urgent attention and payment of contractors.
The Governor noted that his administration was committed to the prudent, transparent and accountable management of the state’s resources just as he is committed to taking decisions that will be in the best interest of the people
“Governor Okowa has vowed to remain prudent, transparent and accountable to the people because he realises that the ultimate political power rests on the people who overwhelmingly voted him into office
“He has assured that Deltans will get value for every money that accrues to the state at all times,” the Governor’s spkoesman said.

Author: News Editor

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