A leaked report has shown that Hon. Ned Nwoko and his company Linas International Limited are in severe debt of over 1 million dollars after receiving a promissory note for payment of balance fees as consultants of ALGON Paris refund club.

According to documents obtained, Hon. Ned had earlier in June 2nd 2021, signed an undertaking agreement with one Alpha & Rohi law firm, an integrated law firm in Abuja to pay the sum of One Million Dollars for the services of the latter as mediator between the federal government, ALGON and his company.

Upon execution of the services of facilitating payment of the outstanding fees in connection with the refund of $3.2 billion, Ned after agreeing to pay the sum in four tranches 40%, 20%, 20%, 20% per instalment received on the balance, has reneged to keep to his own end of the signed agreement.

Recall that by the promissory note issued and received on the 30th of September, 2021, it is perceived that Hon. Ned has received full payment of the aforementioned balance fees. It is however alarming that he has refused to play to the path of honesty and integrity by keeping to crossed t’s and dotted i’s earlier agreed in the undertaking.

Meanwhile, it is in good dispensation that the aggrieved persons, firm involved in this scenario has vowed to go to court to ensure that it gets justice and receive what is due to them since this is obviously not the first time that the accused had reneged in agreements signed.

I'm here to read comments. That's what I do for a living