Paris Club refund: Court summons Emefiele over $53m debt, fixes March 20 for hearing

Date:

By Abubakar Yunus Abuja

A federal high court in Abuja has summoned Godwin Emefiele, governor of the Central Bank of Nigeria (CBN) over a $53 million judgement debt arising from the Pars Club refunds.

Inyang Ekwo, presiding judge, gave the order on October 20, 2022, following an application for garnishee made by Joe Agi, a senior advocate of Nigeria who is the judgment creditor.

The court granted the application and ordered Emefiele to appear in court on Wednesday, January 18.

However, at the court session on Wednesday, the case was adjourned to March 20.

No reason was given for the adjournment.

The dispute stemmed from an alleged $70 million judgment against Linas International Ltd for the lawyer’s (Joe Agi) assistance with the Paris Club refund.

READ MORE  How technology will boost oil and gas business

Emefiele was said to have only released $17 million, leaving an unpaid balance of $53 million.

The court had on January 23, 2020, 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”.

In October 2022, Agi through his counsel Isaac Ekpa and Chinonso Obasi, filed another application against Linas International, minister of finance and the CBN, 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”.

READ MORE  Police identify touting as setback to its airport operations

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

APC report Ogun gov’ship aspirant to Police over alleged impersonation

By Lateef Ibrahim   The All Progressives Congress (APC) has...

Former Kaduna NDC gov’ship aspirant defects to APC

By Jude Opara     By Musa Baba Adamu with agency...

Police Arrest 10 Suspects, Recover Rifles, Ammunition 

Police Arrest 10 Suspects, Recover Rifles, Ammunition  The Nigeria Police...

Katsina Executive Council Approves N828.6bn 2027 Budget Proposal

Katsina Executive Council Approves N828.6bn 2027 Budget Proposal   Katsina State...