Category Archives: Politics

Paris Club Refund: Court Orders Akwa Ibom Govt to Deposit N20bn in Bank Over Failure to Pay Mauritz Walton Consultancy Fee


A Federal High Court on Friday ordered Akwa Ibom State government to deposit the sum of N20bn in any of the three banks, namely First Bank, Guaranty Trust Bank and Zenith Bank, respectively, in respect of a suit filed by Mauritz Walton Nig. Ltd against the government.
Mauritz had sued the Minister of Finance, Accountant General of the Federation, Central Bank of Nigeria, and Akwa State government, as the 1, 2, 3, and 4 defendants over the refusal of the government of Akwa Ibom to pay it consultancy fee over the Paris Club Refund.
Mauritz challenged the defendants on ground of their refusal to abide by the Court’s interlocutory order freezing Akwa Ibom State Paris Club Refund Account, pending the determination of suit filed against the state over refusal to pay it consultancy fee on the Paris Club Refund.
Mauritz dragged the state before the court seeking the attachment of the said amount as a result of the failure of the state government to pay the applicant 30 per cent of the state’s Paris Club refund by the Federal Government being consultancy charge for the services it rendered to the state government in pursuing the refund on behalf of the government.
Justice Gabriel Kolawole gave the order Friday in the suit marked: NO FHC/ABJ/CS/1154/2017.
In a ruling, Justice Kolawole held: “Upon the application of the plaintiff’s counsel, Ahmed Rsji, SAN, informing the court of the irregularities on the Defendants Affidavit to show cause as ordered by the court of 30/11/2017; it is hereby ordered as follows:
“That in the absence of any affidavit to show cause, and the one filed by the first defendant having been held to be irregular field, it is the interest of justice that prayer in the plaintiff motion ex parte dated 31/11/17 be granted as prayed to abide the hearing and determination of the plaintiff motion and notice interlocutory injunction which may be held at future date with fourth defendant notice of preliminary objection dated 12/12/17.
“That the said prayer granted shall enable the first, second and third defendants to pay the said sum in prayer five into an interest yielding account with any of these banks: Zenith Bank, GTB PLC, and or First Bank PLC
“That this should be ruling of this court based on the agenda which I have set for today’s proceeding on 30/11/17 when the plaintiff ex parte motion was held.”
The matter was adjourned till January 30, 2018.
Justice Kolawole had frozen seven accounts linked to Governors’ Forum, which, according to the Economic and Financial Crimes Commission, were used by the Nigerian Governors’ Forum to launder the sum of N10bn said to be derived from the proceeds of the Paris Club refund.
Justice Kolawole directed that the freezing order would last for 45 days within which the EFCC must either institute charges in respect of the transactions against the relevant suspects or apply to the court for an extension of the order.
The judge also gave seven days to the account owners, if interested in seeking the setting aside of the freezing order, to file an application which must be served on the EFCC.

Ajimobi Grooms Successor, Finds Hope In Finance Commissioner


After many hassles, denial and strategizing, the Oyo State Governor, Senator Abiola Ajimobi must have finally found a candidate whom he believe can take the baton of leadership from him.

The matter was laid to rest by a source close to the Governor who claimed ‘the man has made his decision, he wants his Commissioner for Finance’.

The State’s Commissioner for Finance is presently Bimbo Adekambi.

He was one of the Governor;s aides that survived a purge when the Govenor sacked all his aides some years ago.

Those in the know claimed that the Adekambi was picked ahead of the former Commissioner for Finance, Zacheus Adelabu and CBN Deputy Governor, Bayo Adelabu.

Adekambi is said to have been tutored on leadership and many of his friends confirmed that he had stop attending all functions and he doesn’t spend like before again, spreading the belief that he had started learning the ropes from the Governor.

A source in the opposition party hinted papermacheonline that the Governor doesn’t want to make any mistake while choosing Adekambi, he claimed that ‘there is every reason for him to choose his boy, he knows the atrocities he committed, so there is need for him to field someone that will cover his tracks, we will fight this to the end’.

One Week, One Scandal: Okorocha Appoints Sister’ Commissioner For Happiness’


Hardly had the dusts settled on the controversial erection of President Jacob Zuma’s statue in Owerri than the Imo State Governor, Rochas Okorocha has busied himself in another scandal as he appoints his sister as a Commissioner For Happiness in Imo State leaving many with the questions ‘why?’ and ‘what?’

Governor Rochas Okorocha of Imo State has sworn in 28 new commissioners and 27 Transition Committee Chairmen for the 27 local government councils in the state.

He charged them to prove their worth in the service of the state and her people. One of the commissioners sworn in by the governor is his biological sister, Mrs. Ogechi Ololo (nee Okorocha). She is now the state’s Commissioner for Happiness and Couples’ Fulfillment.Ololo, who is married to Chuks, an engineer, was the All Progressives Congress’ candidate into the House of Representatives for the Owerri Federal Constituency seat in 2015 and she has served in various capacities since Okorocha became the state governor in 2011.

She had, before her new appointment, served as her brother’s Deputy Chief of Staff and Special Adviser on Domestic Matters.

Aftermath Of Car Accident; CBN DG, Bayo Adelabu Suspends Guber Ambition


‘Who is afraid of Bayo Adelabu?’ ‘Who wants him dead?’ These are some of the questions being asked by followers and admirers of the Deputy-Governor of the Central Bank of Nigeria, Bayo Adelabu who survived a car crash some weeks ago.

There were strong indications that the banker, a grandchild to late Ibadan politician, Chief Adegoke Adelabu has mellowed down his interest to succeed the Oyo State Governor, Senator Abiola Ajimobi in 2019.

Information pieced by papermacheonline revealed the politician had instructed his handlers to tune down all the campaigns and publicity towards his ambition.

A source revealed that the new breed politician which has been touted as the anointed candidate of Governor Ajimobi must have given his accident a spiritual interpretation.

The source who gave a graphic details into the incident revealed that a truck came from nowhere and smashed into 3-car convoy, damaging his personal car. He was severely wounded in the process.

It was believed that after a review of the whole scene, the accident was regarded as a deliberate act to kill him by some unknown persons.

A close friend of the politician when contacted by papermacheonline denied that the accident freaked him out of the guber contest. In a phone conversation with papermacheonline he hinted ‘he wasn’t really out of the contest, he was only listening to Asiwaju’s (Bola Tinubu) advice to focus on becoming the CBN governor first, then come back and become the Oyo State governor which we feel is reasonable’.

Another Celebrity Wedding In The Offing! Ajimobi’s Son To Marry Kano Gov’s Daughter (as dad charters private jet for introduction)


The only son of the Oyo State Governor, Senator Abiola Ajimobi, Bolaji has taken a bold step to officially seal his affair with the pretty daughter of the Kano State Governor, Alhaji Umar Ganduje, Fatima with an introduction ceremony slated for Friday, 10, November 2017.

The affair between the two lovebirds blew into the open recently when the lovers took to social media to profess their love, an action that stunned many of their friends who were unaware of their relationship.

A source hinted papermacheonline that Governor Ajimobi has chartered a 34 seater aircraft that will take a handful of friends and family members for the introduction ceremony in Kano.

Bolaji, 29 is a First Lieutenant in the United States Marine Corps and the dream of many different ladies while Fatimah is the youngest daughter of the Kano State Governor.

Gov Fayose Escapes Death In Car Inferno (family alleges ‘it was a bomb attack)


There’s a new twist into the car accident survived by Ekiti State Governor, Peter Ayodele Fayose in Lagos some days ago as one of his brothers, Isaac alleged it was a bomb attack.

The Governor’s AMG Benz 2016 went up in flames and burnt beyond repairs along Oshodi expressway.

According to Isaac Fayose, the CEO of Anis Guards, he claimed ‘the accident was a bomb attack. My brother was in Lagos where he went to grant some interviews in a couple of radio stations, Jimi Agbaje came to meet him at one of the radio stations and they left together. On his way to the airport the Governor was in the car…a 2016 AMG for that matter! He noticed smoke was coming from the back of the seat and he jumped out and joined another car in the convoy, in a second the car went up in flames…it was a bomb attack, either spiritual or physical’.

The Governor’s spokesperson, Lere Olayinka confirmed the incident with claims that security operatives are working to determine the cause.

2019: ‘Count Me Out’ -VP Osinbajo


Vice President Yemi Osinbajo has ruled himself out of the presidential race in the forthcoming coming election in 2019.

Attending the Financial Times AFRICA Summit in London on Monday, he had been reportedly asked if he had considered running, Osinbajo, to which he replied: “None of that is on the card.”

However, speaking at the summit, Osinbajo had explained that the present administration was making specific efforts to enable the private sector to thrive specifically by undertaking extensive ‘ease of doing business’ reforms, in addition to on-going investment in infrastructure.

He noted that the federal government in the past months has been working assiduously to improve macroeconomic conditions.

“After a continuous slide in growth since 2014, the trend of growth in GDP has turned around with a modest growth of 0.55% in the second quarter of this year while inflation, though still somewhat high, has declined from its peak of 18.7% in January 2017 to about 16% today,” he stated.