PRESS STATEMENT FROM THE FEDERAL MINISTRY OF FINANCE REIMBURSEMENT OF OVER-DEDUCTIONS ON PARIS CLUB LOANS FROM STATE GOVERNMENTS

State Governments have submitted to the Federal Government (FG), claims of over-deductions for external debt service arising between 1995 and 2002 as a result of First Line Charge deductions from the Federation Account Allocation Committee (FAAC) allocations.

These debt service deductions are in respect of the Paris Club, London Club and Multilateral debts of the FG and States. While Nigeria reached a final agreement for debt relief with the Paris Club in October 2005, some States had already been overcharged.

On the request by State Governments for a refund of amounts owed by the Federal Government, Mr. President directed that claims be subject to verification by the Debt Management Office and a team was established and given the mandate to scrutinise claims and reconcile with available records. The brief for the team was also extended to include a review of interim payments made under previous administrations.

Arsenal Can Still Win Title As Long As They Remain Focused - Fabregas

Since leaving the Emirates in 2011 Fabregas has certainly learned a thing or two about winning trophies. While playing for Barcelona, the Spaniard was able to enjoy succeeding in La Liga, the Copa del Rey, the FIFA World Cup and the UEFA Super Cup.

In his 8 years spent playing for Arsenal, the 25 year old midfielder only managed to win two trophies which is one of the reasons for his departure.

As Metro report, Fabregas is still a Gunner despite moving to his home country to play for Barcelona. Arsenal’s former captain recently admitted to watching every game in which the North London club is involved. He also looked keen on sharing some of his recently acquired insight on how to succeed in any competition.

Fabregas thinks Wenger’s side have all it takes to make it this year as long as they stay focused. Despite their crushing loss to Liverpool, they are sitting a point ahead of City and only a point behind Chelsea so all the Gunners need to do is concentrate on each and every game and continue doing what they have been doing up until now.

Hopefully glory will return to the Emirates Stadium this season. Arsenal have been in a rut for almost a decade now which is pretty unacceptable for a club as successful as the North London team.