AGF Fagbemi misleads H.E Tinubu in his request to pay Ned Nwoko $396M
George Uboh Whistleblowers Network (GUWN) filed a petition against Senator Ned Munir Nwoko to the EFCC dated Tuesday April 21, 2026. In it, GUWN alleges with overwhelming and irrefutable documentary evidence:
“On 5 July 2018, the then Honourable Minister of Finance, Mrs. Kemi Adeosun, wrote to the late President Muhammadu Buhari concerning the settlement of Paris/London Club-related obligations. Paragraph 9 of the letter confirms that a sum of US$350,000,000 was approved for payment. Paragraph 10(xvii) expressly states that the payment was to constitute: “full and final settlement of all claims relating to the Paris Club Loans.” This approval was endorsed in full by President Buhari, who authorised payment from the Excess Crude Account on 29 August 2018. See Annexure GUWN1.
EFCC Correspondence Confirming Payment (2024): On 14 August 2024, the Executive Chairman of the EFCC, Mr. Ola Olukoyede, in response to a petition by former Attorney-General Abubakar Malami, SAN, wrote to the Office of the Attorney-General, now being occupied by Lateef Fagbemi, SAN. Paragraphs 12 and 13 of that correspondence confirm that the sum of US$350,000,000 was paid to Linas International Limited and Senator Ned Nwoko, referencing the 2018 approval. This confirmation, grounded in the 2018 ministerial letter and presidential approval, reinforces the binding nature of the “full and final settlement” clause. See Annexure GUWN2.
Subsequent Request for Additional Payment (2024): Despite the above, on 25 November 2024, the Honourable Attorney-General, Lateef Fagbemi, SAN, wrote to His Excellency Bola Ahmed Tinubu, GCFR, requesting approval for an additional payment of US$396,615,107.19 to Linas International Limited and Senator Ned Nwoko. See Annexure GUWN3.
Prior Objection by Our Organisation (2025): On 16 July 2025, our organisation formally wrote to the Honourable Attorney-General, urging the withdrawal of the request for further payment. Our position was that, the sum of US$350,000,000 had already been accepted as full and final settlement; and any further claim in respect of the same Paris/London Club consultancy services would be inconsistent with the binding terms of the 2018 approval. See Annexure GUWN4.
Recent Public Statements by Senator Ned Nwoko (2026): In an interview published by ThisDay Newspaper on 18 April 2026, Senator Ned Nwoko made the following assertions: That the EFCC has cleared him for the recent payment; and that neither he nor any entity linked to him received the sum of US$350,000,000. He further alleged that the undersigned, Mr. George Uboh, and Mr. Omoyele Sowore were acting out of personal and political motives. See Annexure GUWN5.
Basis of Petition: The documentary evidence attached to this petition clearly establishes that US$350,000,000 was paid in 2018 in connection with Paris/London Club-related claims; the payment was expressly designated as “full and final settlement”; this position has been acknowledged in official EFCC correspondence, albeit did not capture the “full and final settlement”; and any attempt to secure an additional payment of US$396,615,107.19 appears inconsistent with the settled position and raises serious concerns. Furthermore, any internal disbursement or allocation of the US$350,000,000 among individuals or entities does not alter the legal and factual position that the payment was made under the umbrella of Linas International Limited and Senator Ned Nwoko.
Request: In light of the foregoing, we respectfully request that the Commission conduct a comprehensive investigation into the circumstances surrounding the 2018 payment of US$350,000,000; the subsequent request for additional payment; and the public statements by Nwoko denying receipt of the earlier sum; determine whether there has been any misrepresentation, attempted fraud, or abuse of process; and take all appropriate legal and enforcement actions in accordance with its statutory mandate.
Conclusion: Because the documents attached hereto overwhelmingly support our allegation that Linas International Limited and Ned Nwoko received US$350,000,000 in 2018 as “full and final” settlement, coming back to collect US$396,615,107.19 is a fraudulent attempt exacerbated by his lies and ill-conceived statement that the EFCC cleared him, and that “at no time was US$350,000,000 paid to Ned Nwoko”. His decision to receive only US$224,000,000 out of the US$350,000,000 and give the rest to other people and entities in a questionable manner does not concern anyone and does not erode the fact that US$350,000,000 was disbursed under the narration and umbrella of Linas/Nwoko hence Linas/Nwoko received US$350,000,000.”
Given Nwoko’s audacious statement to ThisDay Newspaper that EFCC cleared the payment when EFCC did not, George Uboh is asking the EFCC chairman to arrest Nwoko now or he may risk suffering the fate his predecessors suffered.
See Attach
GUWN TO EFCC ON LINAS NED 396 USD 2026
