Paris Club Refund: Again, court summons Emefiele over $53 million debt

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 78%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The court had since last year ordered the CBN governor, Mr Emefiele, to appear over his alleged refusal to obey an order directing him...

, Governor of the Central Bank of Nigeria , to appear before it on 19 July over a 53 million dollar-judgement debt arising from the Pars Club refund.

However, the 18 January proceedings could not go on as scheduled. This prompted the court to adjourn the case until 20 March subsequently. Linas International Ltd and its promoter, Ned Nwoko, had initiated the first significant suit, which culminated in a court judgement awarding them huge amounts of money for their roles in helping states and local government areas to discover the excessive deductions from their accounts.

Audu Anuga, SAN, who appeared for Mr Emefiele and CBN, however, pointed out that the court did not sit on the previous date scheduled for a hearing. “Therefore, I am going to give a date for you to report to the court on compliance with the order of the court.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines