FERAL MINISTRY OF FINANCE
AMADU BELLO WAY
Central Business District,
GARKI,
Abuja, Federal Capital Territory,
Nigeria
P.M.B. 251,
Garki Abuja.
Nigeria

OUR REF: FMF/NG/FTS/016
Date:7/07/2016

From the office of the Minister.

ATTN: FUBD BENEFICIARIES .

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,Federal Ministry Of finance and the

Central Bank as it relates to long overdue payment of foreign contractors on behalf of the Federal Government of

Nigeria.Apparently, investigations carried out by our Ministry has confirmed that most beneficiaries are being

asked to pay certain irrelevant charges by the Apex Bank (Nigeria/ministres) 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 Federal Ministry Of Finance has directed the International Bodies 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 with the sum of US$200 from our Treasury Department so as to empower the us to carry out such

deduction from the total contract sum before final remittance. Furthermore, certification and unconditional

payment release orders has been vested on Central bank 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 Central Bank

for immediate settlements.On behalf of the Nigerian government, We 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.we advice that you contact Dr. Abraham Nwankwo,

Director General, Debt Management Office (DMO) with below informations:

Best Regards,

Mrs Kemi Adeosun
Hon.Minister of Finance
Federal Republic of Nigeria