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Paris Club Refund: Ned Nwoko Clarifies Outstanding Consultancy Fees

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Senator Ned Nwoko has clarified an outstanding consultation fees due to his company. A statement signed and made available to newsmen by the Senator Ned Nwoko Media Team on Friday in Abuja reads:

“The attention of Senator Ned Nwoko has been drawn to another willful and malicious publication by Sahara Reporters alleging fresh claims relating to the Paris Club refund matters.

“The publication is false, misleading, and a distortion of facts that have been consistently examined by relevant authorities.

“For clarity, four separate investigations have been conducted by the Economic and Financial Crimes Commission (EFCC) on the matter, including a recent review ordered under the current administration. All reached the same conclusion: that the contractual work was duly executed, while outstanding balances remain due under established agreements.

The statement further reads “These findings are also supported by official records within the Federal Ministry of Finance and the Central Bank of Nigeria, where all federal payments are processed, documented, and subject to audit.

“Allegations linking the Senator to any improper collaboration with the Attorney General of the Federation, Lateef Fagbemi, are entirely unfounded and malicious.”

The Senator noted that some of these narratives are being actively circulated by individuals including George Uboh and Omoyele Sowore, whom he believes are driving a sustained misinformation campaign for personal or political purposes. He added that appropriate legal steps have been taken in response to criminal defamatory publications involving the individuals and their affiliated entities.

The Senator urged the public to disregard unverified narratives and rely strictly on official records and established institutional findings.

“For the avoidance of doubt and for clarity, we state unequivocally that there is no “fresh claim” and that at no time was $350m paid to Ned Nwoko or his company. He remains committed to due process, transparency, and the rule of law.”



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