By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AIT LIVE
  • Live TV
  • Nigeria Votes 2023
  • Politics
  • Business
  • Sports
  • Videos
  • Entertainment
  • Global
Aa
Aa
AIT LIVE
Search
  • Live TV
  • Nigeria Votes 2023
  • Politics
  • Business
  • Sports
  • Videos
  • Entertainment
  • Global
Have an existing account? Sign In
Follow US
Africa

Court adjourns suit against Emefiele over $53m judgement debt

Last updated: 2023/01/18 at 5:33 PM
2 months ago
Share
2 Min Read
aitlive 5 4

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

- Advertisement -
Share this Article
Facebook Twitter Whatsapp Whatsapp Email Print

Trending

aitlive 6
Presidential Election Petition : Court Of Appeal Grants PDP, LP Request To Interrogate INEC On Election
Headlines
aitlive 1 30
Labour Party Pulls Out of Presidential Election Results Collation
2023 Elections Headlines
aitlive 1 26
CBN directs Commercial Banks to dispense and receive old Naira notes
Headlines
LABOUR PARTY
Breaking: LP And Presidential Candidate, Peter Obi, Get Court Permission To Inspect Forensic Materials
2023 Elections
ait image 1 1
Labour Party calls for cancellation of presidential election
2023 Elections
INEC
BVAS: LP threatens mass protest over INEC’S disobedience of Tribunal order
Headlines Video
aitlive 4 2
Full Text of National Broadcast: President Buhari approves use of old and new N200 notes till April 10
Headlines
INEC
INEC Chairman Advice Aggrieved Political Parties to Redress in Court if not Satisfied with the 2023 Presidential Election Result
Headlines
aitlive 1 4
Breaking: Supreme Court Orders that the N200, N500, and N1000 naira notes continue to be legal tender till December 31, 2023
Headlines
INEC
INEC Urges Presidential Election Tribunal To Vary Orders Granted PDP, LP
2023 Elections

Section

  • Headlines
  • Local
  • Business
  • Politics
  • Sports
  • Crime
  • Education
  • Health
  • Entertainment

Programmes

  • Kakaaki
  • Focus Nigeria
  • Democracy Today
  • People Politics and Power
  • News Hour
  • AIT Reports
  • World News
  • Moneyline With Nancy
  • Jigsaw
Follow US

© AIT.LIVE. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?