News

Again, court subpoenas Emefiele over $70m judgment debt

1 Mins read

A Federal High Court in Abuja has ordered Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to appear before it on January 18, 2023, to explain his refusal to obey a valid order for payment of a $70 million debt.

Justice Inyang Edem Ekwo issued the fresh order yesterday following confirmation that Emefiele was yet to pay the judgment debt.

A Senior Advocate of Nigeria (SAN), Joe Odey Agi, had obtained judgment summon against the CBN governor following his persistent refusal to carry out the order of the court on the judgment debt.

But rather than honouring the judgment summon served on him through a newspaper publication, Emefiele, through his lawyer, Damian Dodo (SAN), applied that the summon be set aside.

His ground was that an appeal had been instituted against the court order for the judgment summon.

But counsel to the applicant, Joseph Njikonye (SAN) objected to Emefiele’s motion on the ground that the order for the payment had not been effected.

Njikonye argued that the CBN boss is in contempt of court and must be made to purge himself before the court could give him an audience.

In a brief ruling, Justice Ekwo agreed that Emefiele must come to equity with a clean hand by obeying a subsisting order of court on the judgment debt payment or honour judgment summons issued against him to offer reasons for disobeying court order.

The judge, subsequently, fixed January 18, 2023, for the CBN governor to physically and personally appear before the court as required by law.

The court had ordered the apex bank, through Garnishee Nisi absolute, to pay the senior lawyer $70 million, being legal fees for services rendered to some states and the 774 councils.

Source: Guardian.ng

   

About author
Time Nigeria is a general interest Magazine with its headquarters in Abuja, the nation’s Capital.
Articles
Related posts
Cover StoryHealthNewsTelecommunication

When Every Second Counts: How Poor Telecoms Are Undermining Emergency Response in Nigeria

2 Mins read
By Abdulrahman Aliagan,  In a country where minutes can mean the difference between life and death, Nigeria’s emergency medical response system is…
Cover StoryNewsPolitics

ADC to Hold Convention at Rainbow Event Centre in Abuja

1 Mins read
  By Abdulrahman Aliagan,  Alleges Democratic Suppression as Venue Denial Forces Convention Shift The African Democratic Congress (ADC) has announced a new…
All The NewsCover StoryDevelopmentFor the RecordInvestigationNews

New GRA Budo-Osho Ilorin Under Siege: Residents Cry Out as Illegal Commercial Conversions Spread Unchecked Despite Petitions to Governor, GIS, KWEPA.

12 Mins read
Residents who paid millions of naira for plots in a government-backed ‘world-class’ Government Reserved Area (GRA) in Ilorin have lived for over…
Stay on the loop!

Subscribe to our latest news.

Leave a Reply

WP2Social Auto Publish Powered By : XYZScripts.com