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THE PRESIDENCY
FOREIGN DEBT PAYMENT CONTROL COMMISSION
OFFICE OF THE ACCOUNTANT GENERAL OF NIGERIA
Annex-Office, Block 11 Presidential Liaison Complex,
Marina, Lagos - Nigeria
Phone No: +234 1 7624810, Fax No: +234 1- 3421209
24hr Phone: +234 803 3479451
Our Ref: FDPCC/FGN/00-1/06 Date:
Official Gazettes To Our Dear Beneficiary/Contractors
PART-PAYMENT SETTLEMENT OF US$12,500,000.00 (TWELVE MILLION, FIVE HUNDRED THOUSAND UNITED STATES DOLLARS ONLY) VIA INTERNATIONAL CERTIFIED BANK DRAFT.
This is to inform you that the President and Commander-in-Chief of the Armed Forces, Federal Republic of Nigeria has stepped into the payment of your outstanding fund. The instruction to pay you was given by the President himself, CHIEF OLUSEGUN OBANSANJO following the Intelligence Report on Foreign Payment he received, which revealed that the lower officers including some departments of Central Bank of Nigeria (CBN) are engaging themselves in the practice of payment delays through unnecessary use of bureaucratic office processes; in most cases impose unauthorized fees. This apart, there is also an allegation that officials of NNPC and other Financial Institution have deliberately diverted contractors funds to an account that was not known by the beneficiary.
To curtail and put a stop to this un-official misconduct and deliberate delay of Contractors/Depositors payment under one flimsy reasons or the other, the President therefore mandated this office F.D.P.C.C. to raise a part-payment of US$12.5million in this Last Quarter Payment of 2006 Fiscal Year, and to ensure that such payments are received by “YOU” the Beneficiary within a short period of FIVE (5) WORKING DAYS from the day of notice. Prior to this directive, it became paramount that I inform you that based on the details contained in your payment file and records submitted to my office from the NNPC,
The directive from the President based on all findings, is that this office should make immediate and uninterrupted part-payment of US$12.5M only from the Federal Reserved Account. Note that other offices including Central Bank of Nigeria (CBN) and all Financial Institutions earlier handling your payment have been advised to hands-off and hand over files to this office to avoid duplication of efforts. Although such offices may hesitate to let you know of this new order due to their selfish interest. This order is clearly stated in the resent Fiscal Policy Bill signed into law by the Senate.
To effect this Payment Directive, this office summoned an urgent Board of Directors Meeting of vital Government bodies, during the meeting; a lot of irregularities and misrepresentation of fact delaying your payment was discovered. At the end, we are able to regularized some of the details and have finally endorsed that your payment will be raised in a Certified International Bank Draft either in your Name or in the name of your Company as you may deem appropriate. Once the draft is raised and signed-off by you, you will be required to present the bank draft to your bank for the confirmation and crediting of your bank account.
Finally, you are free to contact the under signed on Telephone No: +234 1 7624810 once you receive this payment notice for more details.
Sincerely yours,
Chief, Dr. Michael MUIR
Director General, Foreign Debt Payment Control Commission
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