Paris club – Prime Pointers

$418m debt: Court fixes Dec. 21 to hear pending applications in 36 governors’ suit

December 14, 2021December 14, 2021 admin

The last is yet to heard of the tussle between the Federal Government and the State Governors over the repayment of Paris Club fund collected by the state government. A Federal High Court, Abuja, on Monday, fixed Dec. 21 to hear all pending applications in a suit filed by the 36 state governors over plan to deduct monies accruing to them from federation account to settle 418 million dollars judgment debt in relation to Paris Club Refund.Justice Inyang Ekwo fixed the date after taking arguments for and against the plaintiffs’…

Court stops FG from deducting state govts’ monies over $418m Paris Club debt

November 7, 2021November 7, 2021 admin

A Federal High Court, Abuja, on Friday, restrained the Federal Government from deducting monies accruing to the 36 states from federation account to settle 418 million dollars judgment debt in relation to Paris Club Refund. Justice Inyang Ekwo, who gave the order while counsel to the plaintiffs, Jibrin Okutekpa, SAN, moved the ex-parte motion, held that the restraining order subsists pending the determination of the substantive suit. The News Agency of Nigeria (NAN) reports that while the 36 states Attorney-Generals are the plaintiffs.Some of the defendants listed in the suit…