Connect with us

FEATURED

What CJ Did To Save Nigeria $47 Million In The Paris Club Refund

Published

on

docked





By vacating a consent judgment entered in the lawsuit brought by Panic Alert Security Systems Ltd. and Trustees of the Nigeria Governors Forum (NGF), Chief Judge of the Federal High Court John Tsoho has prevented the nation from having to pay some private individuals and organizations $47 million.

www.bigpenngr.com reports that the fund was to be used to reimburse some people and organizations for their contributions to the Federal Government’s Paris Club refund.

Panic Alert Security Systems Limited had cited the consent judgment in support of its demand for $47, 821, 920 in professional fees.

Advertisement

Abubakar Malami (SAN), the Minister of Justice and Attorney General of the Federation, had previously relied on the judgment and suggested that the money be paid to the company before the Chief Judge’s judgment was issued.

But because they were unhappy with the AGF’s recommendation based on the consent judgment, the 36 state governors, acting through their forum, the Nigeria Governors Forum (NGF), gave their counsel, Mr. Paul Ogbole, the go-ahead to challenge the consent judgment in court.

The said consent judgment was entered without jurisdiction in its entirety, according to Justice Tsoho’s ruling from Tuesday.

Advertisement

The court agreed with the 36 State Governors’ attorney, Ogbole, that the reliefs sought by Panic Alert Systems Ltd. against NGF in Suit No. FHC/ABJ/CS/123/2018 were based on a simple contract, which Section 251 of the Federal Republic of Nigeria 1999 (as amended) strips the Court ab initio of the required jurisdiction to hear such matters.

The court accordingly overturned the consent judgment in Suit No. FHC/ABJ/CS/123/2018.

The ruling implies that all approvals by the AGF, the President, the Minister of Finance, the Accountant-General of the Federation, and the Debt-Management Office resulting from, connected to, or relating to Panic Alert’s claims have failed.

Advertisement

 

Advertisement
1 Comment
FEATURED5 hours ago

Delta Police Arrest Ekpan Community’s Youth Leader With AK-47 Rifle

Heavy-Duty vehicles
FEATURED8 hours ago

BREAKING: Senate Approves Emergency Rule In Rivers, Sets Up Mediation Committee

FEATURED10 hours ago

South-South Governors Reject Emergency Declaration In Rivers, Call For Rescission

FEATURED10 hours ago

BREAKING: Reps Okay Tinubu’s Emergency Rule In Rivers, Suspension Of Fubara With Voice Vote

Anioma State
NEWS12 hours ago

Meet Ned Nwoko: The Legal Luminary Who Delivered Billions In Paris Club Refunds

FEATURED24 hours ago

Court Dismisses Lawsuit To Oust Sen. Nwoko Over Defection From PDP To APC

Fubara
FEATURED1 day ago

Rivers’ Emergency Rule: Fubara Breaks Silence On Suspension, Insists On Commitment To Democracy

Akpabio
NEWS1 day ago

Natasha’s Kogi Central Constituents Petition Akpabio, Bamidele, Imasuen To CCB Over Alleged Abuse Of Office

FEATURED1 day ago

APC Delta SEC Members Call For Sobotie’s Suspension, Reject Petition Against National Publicity Secretary, Morka

FEATURED1 day ago

BREAKING: AGF Exonerates Wike, Justifies State Of Emergency In Rivers State

FEATURED2 days ago

Rivers’ Crisis: Police Begin Investigation Of SPDC’s Pipeline Fire, Quiz 2 Suspects

FEATURED2 days ago

Rivers’ Emergency Rule: You’re Wrong, You’ve No Constitutional Power To Sack Elected Gov – NBA Tells Tinubu

FEATURED2 days ago

Emergency Rule: Who Advised President Bola Ahmed Tinubu To Do This?

social media
FEATURED2 days ago

Sen. Nwoko’s Bill Aims To Regulate Social Media Platforms In Nigeria Passes Second Reading

FEATURED2 days ago

Profile Of Vice Admiral Ibok-Ete Ekwe Ibas CFR, Newly Appointed Rivers Administrator

Advertisement
Advertisement