WORLD BANK AUDITORS 
SITTING PRUDENTLY IN THE NIGERIAN PRIME FINANCIAL INSTITUTION (CENTRAL BANK OF NIGERIA/MINISTRY OF 
FINANCE) 
TINUBU SQUARE LAGOS - NIGERIA 

 Attention: Sir/Madam,


      OVER DUE CONTRACT/INHERITANCE PAYMENT.

This is to notify the numerous foreign contractors owed by the Federal Government of Nigeria from 
various parastatals that going by the Geneva Pact signed by the Government of Nigeria, and the 
World Bank as it relates to long overdue payment of foreign contractors on behalf of the Federal 
Government of Nigeria. 

Apparently, investigations carried out by the World Bank Auditors has confirmed that most 
beneficiaries are being asked to pay certain irrelevant charges by the Apex Bank (Central Bank of 
Nigeria/ministry of finance) and other Government Financial Institutions, therefore making it very 
difficult for contractors to meet such obligations which is contrary to Section “37” Subsection “C” 
of the Article XII of Banks and other financial decree of 1995 as amended in 1998. 

In view of this, the Governing Board of the World Bank has directed the World Bank Auditors to 
shift base to Nigeria to scrutinize and oversee an immediate release of such payments that has met 
the requirements for effectiveness without any further delay. Any beneficiary certified “OK” will 
receive his / her fund within five (5) working days from the date of the final authentication of 
his / her contractual date.

It is also interesting to inform beneficiaries that in order to carry out deductions on their bills 
as regards Cost of Transfers (COT), Security Deposit (SD) and other taxable charges, beneficiaries 
will be requested to obtain the Debit form M104 from this authority so as to empower this board to 
carry out such deduction from the total contract sum before final remittance. 

Furthermore, certification and unconditional payment release orders has been vested on this board 
and it involves payment from our statutory foreign reserves of International Capital Markets (ICM) 
loan from (IMF) and the World Bank respectively. It is of vital international financial interest 
that all payments under this dispensation have been bestowed on the World Bank Auditors for 
immediate settlements. 

On behalf of the Nigerian government, this body regrets any inconveniences this delay might have 
caused your good self. You are hereby finally advised to stop all further communications with any 
agents, group of people or any Government bodies in respect of your payment. 

Please contact us for detailed information.



Yours faithfully, m


Mr.David Benson. 
(Head Auditor)