OFFICE OF THE PRESIDENCY
FOREIGN DEBT SETTLEMENT COMMITTEE.
To:Beneficiary.
RE: PAYMENT OF YOUR OUTSTANDING DEBT VIA CERTIFIED INTERNATIONAL BANK DRAFT
This is to inform you that the Presidency has stepped into the payment of your
contract / inheritance fund.
The instruction to this Board to authorized your payment was given by the
President himself Alhaji Umaru Musa Yar'Adua following intelligence report on
contract payment he received which revealed that the lower offices and
department including some departments of Central Bank of Nigeria (CBN) are
engaging in the practice of payment delays through unnecessary use of
bureaucratic office processes and imposition of unauthorized fees.
This apart has been allegations that some officials of NNPC and CBN
deliberately divert funds approved with the name of a beneficiary to accounts
that were not given by the known contractor after the due processing and
approval of such payment.
To avoid and curtail such, official misconduct and deliberate delay of foreign
contractors’ payment under one flimsy reason or the other, the President of the
Country therefore mandated this office to raise contractors’ payment and ensure
that such payments are received by the contractor within a short period of five
(5) days from the day of notice.
Based on the information contained in your contract files and records submitted
to us from NNPC, CBN, and FMF your name was in the list of Category A
contractors whose payments have been verified and approved with the records
indicating that your payment has long been over due.
The directive from the President based on all these findings is that this
office should make immediately uninterrupted payment of your contract fund
direct from the Federal Treasury.
Other offices including CBN earlier handling your payment has been advised to
hand over to this office to avoid duplication of efforts, though such offices
hesitate to let you know of this new development.
In respect of this, this office held a meeting with the representatives of
concerned government bodies during which your contract file and other
information of your payment were submitted. After going through your file a lot
of official irregularities, impending stop orders and complexities surrounding
the payment were discovered.
This office and the concerned bodies unanimously decided and approved that your
contract payment will be raised in Certified International Bank Draft. The
draft will be raised either in your name or in the name of your Company as the
beneficiary. As soon as the draft is raised and signed off by you, you will be
required to present the draft at your bank for confirmation and crediting of
fund into your account.
This will take 3-5 days of depositing of draft in your bank.
Finally, I have tried reaching you by telephone but unsuccessful, I will advise
you to call me or send me a fax in regards to this, so that I will intimate you
more in regards to your contract payment.
Reconfirm you Best regards,
Rev.Dr.Johnson Aku
{Chairman}
Foreign Debt Settlement Committee
TEL: +234-1-409-3775
CELL:+234-703-105-3371
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