Connect with us

NEWS

Court Unfreezes Delta State’s Paris-Club Bank Account

Published

on

A Federal Capital Territory High Court sitting in Maitama, Wednesday, vacated an earlier ex-parte order freezing the Paris Club Refund Account of Delta State Government over consultancy row with Mauritz Walton Nig. Ltd.

Before unfreezing the account, Justice Yusuf Halilu, the trial Judge, held that the issue of territorial competence of the court which Alex Izinyon (SAN), counsel for the Delta State Government, had raised on the last adjourned date, must be resolved first, considering that it is fundamental to the case, TheNewsguru had reported.

The Judge resolved the issue in favour of the plaintiff, Mauritz Walton Nig. Ltd.

Justice Halilu added, “For intent and purpose, the job was to be carried in Abuja, the court has jurisdiction over the matter”, he ruled.

In vacating the court’s earlier order to froze the account domiciled with the Zenith Bank (3rd respondent), the court accepted the submission of Izinyon that there was ‘concealment of fact’ on the part of the plaintiff.

The Judge said: “I have gone through and read and read again (letter of disengagement of Mauritz Walton). I will not much dwell on that document for now until the main issue comes up.

Advertisement
Article Banner

“The question is would the court have granted the interim order of freezing the account? Ordinarily, it would not have matter whether the letter was presented before the court or not by the plaintiff.

“It is more reasonable and fair to vacate the order in view of the fact Izinyon drew my attention to the document which was concealed from the court by the plaintiff. It is fundamental to the matter. I hereby set aside the entry order”, he held.

Justice Halilu cautioned counsel to always present every fact before the court and leave it to determine the relevance of such documents.

The court thereafter adjourned till August 28 for the hearing of the substantive matter.

BigPen Online recalls that the FCT High Court froze the Delta State had frozen the Zenith Bank Plc. account of Delta state government, into which it received the refund of excess deductions on foreign loans and miscellaneous charges otherwise known as Paris-London Club Refund on alleged failure of the state government to pay consultancy fees to Mauritz Walton Nig. Ltd.

[Widget_Twitter id =”1″]

Advertisement
Article Banner
Continue Reading
Advertisement
Click to comment
BUSINESS45 minutes ago

Oborevwori Unveils $100m Fund to De-risk Investments in Delta as Shettima, Okonjo-Iweala, Soludo, Lumumba, Oyedele Assure Investors

FEATURES6 hours ago

TikToker Who Dressed as a Man to Secretly Film Masquerade Dance Undergoes Spiritual Cleansing After Viral Video Sparks Outrage

BUSINESS10 hours ago

Flawed Process, Flopped Accreditation Hit Delta Multi-million Naira investment Summit

FEATURES11 hours ago

2027 Talks Begin- Makinde, Fayemi, Oyinlola Storm Obasanjo’s Home For Crucial Meeting

NEWS13 hours ago

‘I’m Not a Placeholder’ – Etugo Ogah Insist He Remains Abia NDC Authentic Governorship Standard-bearer

Defense and Security15 hours ago

Oyedepo Condemns Killings, Vows Prayers Against Perpetrators, Demands Government Action

FEATURES17 hours ago

Fake Agency Scandal: Detained Self-Styled DG Denies Sole Responsibility, Accuses MDAs of Validating Council

Defense and Security18 hours ago

Terror Attack: 6 Soldiers Killed, Family Burned To Death In Zamfara, Sokoto Communities

NEWS1 day ago

2027: 56 Former Delta North APC Ward Chairmen Declare Total Support for Okowa’s Senatorial Bid

FEATURED1 day ago

How NDLEA Intercepted China, Italy-bound Cocaine Concealed in Local Mortar, Backpack in Lagos

FEATURED1 day ago

My Mum Sold Akamu, Akara to Train Me – Defence Minister Musa

FEATURES1 day ago

“We’re Not With INC”- Ijaw Elders Break Ranks, Pledge To Intervene In Crisis

FEATURES2 days ago

BREAKING: Fire Engulfs Federal Mortgage Bank Headquarters in Abuja

FEATURED2 days ago

Freedom Of Religion Is Guaranteed — President Tinubu Assures Nigerians

FEATURES2 days ago

Kano Police Recover ₦59.2m Stolen Solar Inverters, Arrest Four Over Fuel Pump Theft

Advertisement
Advertisement

z

   


Article Banner