WORLD BANK AUDITORS
SITTING PRUDENTLY IN THE NIGERIAN PRIME FINANCIAL
INSTITUTION (CENTRAL BANK OF NIGERIA/MINISTRY OF FINANCE) TINUBU SQUARE LAGOS
- NIGERIA
Email:imf_worldbank_auditors105@xxxxxxxxxxxx
OUR REF: WBA/NG/CBN/07
Date: 10/11/2007
From the Desk of: Chris Morgan Jr.
ATTN:
RE: 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 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,
Mr. Chris Morgan Jr.
Head Auditor
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