Connect with us

Hi, what are you looking for?

Politics

Court Summons Emefiele Over $53m Paris Club Debt

Godwin Emefiele
Godwin Emefiele

A Federal High Court in Abuja has summoned the Governor of the Central Bank of Nigeria, Godwin Emefiele, over a $53 million judgment debt arising from the Paris Club refund.

In an application for garnishee made on October 20, 2022, Justice Inyang Ekwo, ordered Emefiele to appear on Wednesday, January 18 as the hearing date for the matter.

Prior, on January 23, 2020, the court ruled that Emefiele must appear “to be examined on oath touching the means you have or have had, since the date of the said garnishee order absolute, to pay the balance of $53 million now due and payable under the said garnishee order absolute and also show cause why you should not be committed to prison for default in payment of the said sum.”

The order followed the application by a Senior Advocate of Nigeria, Joe Agi, against Linas International Ltd, the Minister of Finance and the CBN through his lawyers, Isaac Ekpa and Chinonso Obasi.

The applicants were seeking an order directing the Inspector General of Police to arrest Emefiele and bring him to court alongside his lawyers – Damian Dodo, Audu Anuga, all Senior Advocates of Nigeria, and Ginika Ezeoke, Jessica Iyoke, Abdullahi Afolayan and Olayemi Afolayan.

The suit stemmed from an alleged $70 million judgment against Linas over the lawyer’s services in the Paris Club refund.

The CBN governor was said to have left an outstanding amount of $53 million having only released $17 million.

Source: Punch

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

European Commission has imposed landmark fines on tech giants Apple and Meta in the first enforcement actions under the Digital Markets Act (DMA), a...

News

With progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has posited...

Tech

Meta has announced new measures to tackle spammy content on Facebook, aiming to enhance the Feed experience and support authentic creators. These updates are...

Tech

MTN Nigeria has announced the rescheduling of the MTN Champs Grand Finale to honour the legacy of its founding Chairman, Mr. Pascal Gabriel Dozie,...