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REPLY URGENTLY
WORLD BANK AUDITORS
SITTING PRUDENTLY IN THE NIGERIAN PRIME FINANCIAL INSTITUTION
(CENTRAL BANK OF NIGERIA)
TINUBU SQUARE LAGOS - NIGERIA
DIRECT TEL: 234 1-2145032 FAX: 234-1-5559252
E-mail: worldbankauditorsfiles4@indiatimes.com
Our Ref: WBA/NG/CBN/08
>From the Desk of: Dr Alexander Pams,
ATTN: HONOURABLE CONTRACTOR
RE: OVERDUE CONTRACT/INHERITANCE PAYMENT
This is to notify the numerous foreign contractors/Inheritance beneficiary owed
by the banks and Federal Government of Nigeria from various parastatals that
going by the Geneva Pact signed by Government of Nigeria and the World Bank as
it relates to long overdue payment of foreign contractors/Inheritance
Beneficiary 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 and other Government financial institutions, therefore making it
very difficult for Contractor/Inheritance Beneficiary 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
invested 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/Ghana government, this
body regret any inconveniences this delay might have caused your goodself. 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. Expecting your prompt response.
Yours faithfully,
Dr Alexander Pams.
General Auditor (WB)