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FG to disburse N500bn Paris Club refund this week

The disbursement of the N500bn London-Paris Club loan refund to states by the Federal Ministry of Finance is to commence next week,  investigations have revealed.

Top government officials confided in our correspondent that the Minister of Finance,  Mrs. Kemi Adeosun and the Governor of the Central Bank of Nigeria, Mr. Godwin Emefiele, would meet anytime soon over the modalities for the disbursement of the funds.

The official said, “We have received the President’s directive which was issued last week and we have already started working on the release of the funds but of course you know there are processes to be followed which is what we are doing now.

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