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Why Govt Paid $3.1b Paris Club Refund Judgment Debt – Malami

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Malami Wants Journalists Sanctioned For False Reports
Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN

The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami, SAN, on Wednesday defended himself against the charge of wrongdoing in the payment of the $3.1billion Paris Club refund judgment debt.

The minister insisted that the debt was ordered for payment by a valid high court judgment in Abuja.

The Association of Local Governments of Nigeria (ALGON) incurred the huge debt against Riok Nigeria Ltd and Ted Edwards & Edward Partners during the Paris Club and London refunds and has been ordered to be paid to the contractors through the Central Bank of Nigeria after a series of limitations.

The AGF was accused of pushing for the debt payment against the interest of the debtors.

But Malami in a reaction said that the huge debt arose from legitimate transactions freely entered into by parties in the court action long before President Muhammadu Buhari came to power and before his own appointment as AGF.

At a press conference he addressed in Abuja to clear his office and his person of an alleged shady deal in respect of the judgment, Malami specifically explained that the order for the judgment debt payment came from a suit marked FHC/ABJ/CS/130/13 between Linas International Ltd & 235 others versus FGN & 3 others.

He explained that the suit instituted in 2013 had prayed for the recovery of $3.188.079.505, adding that the judgment was delivered in favour of the plaintiffs on December 3, 2013 before the advent of the incumbent administrator and his own appointment.

Consequent upon the judgment, the AGF further explained that Justice Hussein Baba Yusuf of the High Court of the Federal Capital Territory granted a Garnishee Order Absolute in 2016, directing the Central Bank of Nigeria (CBN) as Garnishee to pay the huge debt sum.

To ensure that no sharp practice came into play as witnessed in the P&ID judgment scandal, the AGF said both the Economic and Financial Crimes Commission (EFCC) and the Department of State Security Services (DSS) were deployed by his office into the matter for investigations.

READ ALSO: Youth Restiveness Ticking Time Bomb For Africa, Others – Elumelu

Malami said that at the end of their thorough investigations, the two agencies confirmed the contractual agreements between the Association of Local Governments of Nigeria and their contractors and also the validity of the court judgment ordering the payment of the debt by the CBN.

He, therefore, wondered why two media organizations came about “their alleged malicious and baseless publications” linking him and his office to an “alleged pushing for hurried payment of the judgment debt” ordered since 2013 by a competent court of record.

He faulted the media publications, adding that their authors deliberately concealed facts relating to the judgment debt and fed the Nigerian public with falsehood that portrayed him and his office in bad light.

Malami insisted that neither President Buhari nor himself was in office in 2013 when ALGON and their contractors as well as law firms engaged themselves for services that later resulted in court action and court order for judgment granted in favour of the plaintiff.

“In fact, when it became inevitable that the payment had to be effected with the consent of Governors Forum and ALGON, the office of AGF had to extract an undertaking and indemnity from the Nigeria Governors Forum NGF and ALGON in 2019.”

While exonerating himself from any blame in the judgment debt payment, Malami insisted that all necessary precautions were taken by his office and pleaded with the media to always get their facts clear in order not to feed the public with falsehood.

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Falola To Inaugurate Annual Founders’ Lecture At Atiba University, Oyo

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Dele Jegede In Conversation With Prince Yemisi Shyllon

On Wednesday, March 19th, Professor Toyin Falola, Africa’s most decorated humanity scholar and Nigeria’s most preeminent historian, will inaugurate the Founders’ Day lecture at Atiba University. When contacted, he said he considers it an honor for the privilege the Management of Atiba University, Oyo State, Nigeria, extended to him to deliver a lecture to a team of highly cerebral teachers and students. On March 19, 2025, at 10 a.m. Nigerian Time, Falola will speak on “Rethinking Tertiary Education in Nigeria through Private Universities for Sustainable Development.”

In a paper already released to the media, Falola considers inadequate finance, crammed classes, declining quality, and a widening discrepancy between graduate competency and industry standards as the most significant or major challenges plaguing Nigeria’s public tertiary education ecosystem. Against the backdrop of the faltering inability of public universities to meet the demands for their offerings, he argues that private universities offer a viable alternative or substitute. Private universities provide students with contemporary facilities, a disciplined study atmosphere, and a curriculum tailored to worldwide standards.

In this significant maiden, Falola considers how private universities may support sustainable development through innovation, increased research possibilities, and closing the talent gap, thereby fostering private institutions. He looks at how they may improve access to educational options, fix government institution inefficiencies, and help the economy grow. This major lecture further discusses policy options for enhancing the quality of education given by private universities in Nigeria. He shows how policy actions will guarantee that education is reasonably priced and encourage alliances between the public and commercial sectors to raise educational standards.

He divided his talk into six parts. He briefly overviews the challenges in Nigeria’s tertiary education sector, with private universities emerging as a viable alternative and the importance of aligning higher education with sustainable development. He then moves to Part II, where he examines Nigeria’s state of tertiary education. Here, he looks at the challenges facing tertiary education in Nigeria, such as inadequate government funding and its impact on public universities, overpopulation in public institutions, declining academic quality, and the disconnect between academic curricula and industry demands. In Part III, Falola’s lecture analyzes the role of private universities in addressing these challenges. He considers some selling points of private universities, such as smaller class sizes and better learning environments; investment in modern facilities and technology-driven education; stronger links with industries for practical training and employability; and research and innovation contributions to national development, and how these make private universities a viable alternative to their public university counterparts.

Falola situates private universities within sustainable development, looking at how they contribute to sustainable development by producing graduates with relevant skills for Nigeria’s economy, encouraging entrepreneurship and self-sufficiency, fostering innovation through research and development, and enhancing global competitiveness in education. He offers policy recommendations: the government should support private universities through favorable policies, public-private partnerships to improve access and affordability, strengthening quality assurance and accreditation system, and encouraging investment in research and development. The lecture closes by making a call to action on stakeholders, including government, educators, and investors, while emphasizing the need for a collaborative approach to redefine tertiary education for Nigeria’s sustainable future.

Professor Sunday Olawale Okeniyi, the Vice-Chancellor, has invited all the members of the public to attend the lecture.

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Falola To Deliver Memorial Lecture In Honour Of Olukotun

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Dele Jegede In Conversation With Prince Yemisi Shyllon
Prof. Toyin Falola

Lead City University, Ibadan, is set to host an inaugural memorial lecture in honour of the late renowned scholar and public intellectual, Prof. Ayo Olukotun.

Olukotun, an activist, public intellectual, erudite scholar, accomplished journalist, professor of Political Science, and a dedicated columnist for The PUNCH died on January 4, 2023 at age 69.

The event, scheduled for Tuesday, March 18, 2025, will hold at Adeline Hall within the university’s premises, starting at 10:30 a.m. The lecture, themed “Ayo Olukotun and the Nigerian Nation,” will be delivered by globally acclaimed historian and professor at the University of Texas at Austin, Prof. Toyin Falola.

According to Prof. Falola, “Ayo Olukotun was the voice of our nation. He has repeatedly screamed warnings into the ears of Nigerian leaders and citizens through his pen to rouse the nation from its slumber. The symposium aims to reflect on Olukotun’s intellectual prowess and its impact on nation-building.”

Speaking about the upcoming event, the Vice-Chancellor of Lead City University, Prof. Kabiru Adeyemo, said the lecture was a way to immortalise the legacy of Prof. Olukotun, whose works shaped the discourse around governance, media, and national development in Nigeria.

“Prof. Ayo Olukotun was a towering intellectual whose writings and contributions consistently challenged leadership and society to do better. This memorial lecture is not only to honour his memory but also to inspire a new generation of scholars to follow in his footsteps,” Adeyemo stated.

The Chairman of the occasion, Dr. Olorunnimbe Mamora, a former senator and seasoned public servant, commended Lead City University for hosting the event, describing Olukotun as “a scholar who combined academic brilliance with practical engagement in national discourse.”

The Registrar of Lead City University, Dr. Ayebola Ayeni, emphasised the university’s commitment to intellectual excellence, noting that “the choice of Prof. Toyin Falola as guest lecturer reflects the high intellectual standards the university upholds.”

The Chairperson of the Organising Committee, Dr. Igho Fayomi, encouraged both students and the general public to attend physically or join via Zoom, saying, “This lecture is a valuable opportunity to reflect on the life of a man who left an indelible mark on Nigeria’s intellectual and political space.”

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BREAKING: Ex-presidential Spokesperson Okupe Dies

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Doyin Okupe

A former presidential spokesperson Dr Doyin Okupe is dead . He was 71 years old.

Okupe’s death was confirmed by family sources.

He served as a senior adviser to former President Goodluck Jonathan and later as the Director-General of Peter Obi’s 2023 Presidential Campaign.

In December 2022, he stepped down from Obi’s campaign after a money laundering conviction.

He later resigned from the Labour Party after the 2023 general elections.

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