The Minister of Finance, Mrs. Zainab Shamsuna Ahmed, yesterday cleared the as air on issued of the last tranche of the Paris Club refunds, saying the sum of N691.560 billion had already been disbursed to states since March 2019 by the Central Bank of Nigeria (CBN), after verification.
![](https://thenigerialawyer.com/wp-content/uploads/2026/05/2026-Summer-IDRI-Masterclass.jpg")
The clarification followed some media reports last weekend that the federal government was set to release N691.560 billion as outstanding and final payment of the Paris Club refunds to the states.
Addressing a press conference in Abuja last Thursday, Ahmed had stated: “For the final phase of the Paris Club debt refunds, the total sum of N649.434 billion was verified by the ministry as the outstanding balance to be refunded to the state governments. The payments made by the CBN as at March 2019, is N691.560 billion. The increase in CBN payments partly arose from exchange rate differential at the point of payment. Although, some states still have outstanding balances, which will be refunded, in due course,” she had said.
However, in a statement issued in Abuja, yesterday by her media aide, Paul Ella Abechi, the minister noted that there is no longer any outstanding tranche of Paris Club refunds to be disbursed to states, “because the money has already been disbursed in March 2019.”
According to the statement, Ahmed’s clarification became necessary “following the news making the rounds in the media that soon states will receive disbursement of outstanding balance of the Paris Club debts on verification made amounting to a total sum of N691.560 billion by the ministry due to exchange rate differential at the point of payment instead of the total sum of N649.434 billion that was verified.”
As an added bonus, every purchase comes with a FREE ebook titled: “AI in Legalpedia and Law Pavilion: A Research Guide.”
Ohio Books Ltd praises the publication, stating:
"....this is the only Nigerian book I know of on the topic."
How to Order:
📞 Call, Text, or WhatsApp: 08034917063 | 07055285878
📧 Email: benadigwe1@gmail.com
🌎 Website: www.benadigwe.com
Ebook Version: Access it directly online at https://selar.com/prv626
______________________________________________________________________
“Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
The book, titled The Law of Torts in Nigeria: A Functional Approach, authored by Professor Hagler Sunny Okorie Ph.D and Ikeocha, Nathaniel Ngozi Esq, offers law students, practitioners, and academics a comprehensive guide to understanding and applying tort law in Nigerian courts. Interested buyers can place orders via the following contact numbers: 08028636615, 08037667945, 08032253813, or +234 902 196 2209.
_______________________________________________________________________
“Order Your Copy Now” — Basil Momodu, Esq. Unveils Second Edition Of His Book, "Civil Procedure In Nigeria"
According to the learned author, Basil Momodu Esq. "Law review is a continuum. We will continue to track changes in the law to enrich future editions." Recommended Booksellers: Lagos: 08033855230, Abuja: 08035991379, and others.
