Paris Club Refund: Again, Court Summons Emefiele Over $53m Debt

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The Federal High Court, Abuja, on Tuesday, ordered Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), to appear before it on 19 July over a 53

Inyang Ekwo, who gave the order during the hearing of a suit marked: FHC/ABJ/CS/1193/2017, insisted that the court would not hear Mr Emefiele’s motion for stay until he appeared in court.

The News Agency of Nigeria reports that Mr Ekwo had, on 20 October 2022, ordered the CBN governor to appear in court on 18 January over his alleged refusal to obey the order of the court for the payment of the judgement debt in favour of a lawyer, Joe Agi, a Senior Advocate of Nigeria . However, the 18 January proceedings could not go on as scheduled. This prompted the court to adjourn the case until 20 March subsequently.

Mr Agi had sued Linas International Ltd, Minister of Finance and CBN, to court as judgment debtors, following an application for garnishee made by him as judgment creditor in the case. The suit is one in a flurry of legal actions associated with the federal government’s refund to states and local governments the amounts of funds said to have been over-deducted from their accounts to offset Paris Club and London between 1995 and 2002.

 

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