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Court adjourns suit against Emefiele over $53m judgement debt

Last updated: January 18, 2023 5:33 pm
3 years ago
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2 Min Read
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An Abuja Federal high court has adjourned the suit that sought the summon of the Governor of the Central Bank, Godwin Emefiele, over a $53 million judgement debt arising from the Pars Club refund, to March 2023.

No reason was given for the adjournment by the trial Court.

Justice Inyang Ekwo had Summoned Emefiele on October 20, 2022, following an application for garnishee made by a senior advocate of Nigeria, Joe Agi who is the judgment creditor.

The court granted the application and ordered Emefiele to appear in court on Wednesday, January 18.

The application by Joe Agi, was against Linas International Ltd, the Minister of Finance, and the CBN seeking an order directing the Inspector-General of Police (IGP) to arrest Emefiele and bring him to court alongside his lawyers.

Emefiele was said to have only released $17 million, leaving an unpaid balance of $53 million.

The court had on January 23, 2020, ruled that Emefiele must appear to be examined on oath touching the means he had, since the date of the said garnishee order absolute, to pay the balance of $53 million now due and payable under the said garnishee order absolute, and also show cause why he should not be committed to prison for default in payment of the said sum.

Editor : Ena Agbanoma

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