Close Menu
Chronicle NG
    Trending Stories
    Africa: New injectable drug for HIV prevention gets US approval

    Nigeria receives new HIV prevention injection

    March 12, 2026
    UNIFIL to withdraw troops from Lebanon by mid 2027- UN

    UN condemns Iran over attack on Gulf states

    March 12, 2026
    NUPRC says Nigeria’s oil production rose by 0.89% to 1.71m in July

    Iran threatens Strait of Hormuz blockade, oil to hit $200/barrel

    March 12, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigeria receives new HIV prevention injection
    • UN condemns Iran over attack on Gulf states
    • Iran threatens Strait of Hormuz blockade, oil to hit $200/barrel
    • Iran vows to attack US, Israeli banks, economic centers
    • Bodo thrash Sporting 3-0 to continue impressive UCL run
    • Bodo/Glimt sweep aside Sporting to continue fairytale run
    • Valverde scores hat trick as Real Madrid drowns Man City 3-0
    • Chelsea humiliated by PSG in 5-2 defeat
    Facebook X (Twitter) Instagram
    Chronicle NGChronicle NG
    Subscribe
    Thursday, March 12
    • News
      • Nigeria News
      • World News
      • Headlines News
    • Politics
    • Business
    • Sport
    • Entertainment
    • Contact Us
    Chronicle NG

    $418m Paris Refund: Governors appeal judgment

    Chronicle EditorBy Chronicle EditorMarch 30, 2022No Comments2 Mins Read
    Facebook Twitter Telegram WhatsApp
    Nigerian governors are appealing the Paris Fund loan
    Nigerian governors are appealing the Paris Fund loan
    Facebook Twitter WhatsApp

    The governors of the 36 states of the federation have appealed the Federal High Court judgment which dismissed their suit challenging the planned deduction of $418 million from the Federation Account.

    The money is meant to settle debts owed consultants engaged by state and local governments on the Paris Club refunds.

    The Federal High Court in Abuja on March 25 dismissed a suit instituted by the 36 states’ Attorneys-General challenging plans by the Federal Government to deduct funds from the federation account to settle $418 million judgment debt in relation to the Paris Club refund.

    The governors made the appeal through their Attorneys-General in a statement signed by fived Senor Advocates of Nigeria; S. I. Ameh, J. S. Okutepa, Dr Garba Tetengi, Ahmed Raji and Olumuyiwa Akinboro.

    The governors advised the public and all financial institutions in Nigeria and abroad that the matter was subjudice, urging them to desist from dealing with the defendants in the suit.

    • Paris Club Funds: Zamfara to forfeit $500,000, N50m to FG

    “With respect to promissory notes issued to them and intended to be discounted and given value from funds due to the states of the federation from the federation account… be it known that any person or persons who take steps in respect of the promissory notes in the face of the pending appeal do so at his or her peril,” the statement said.

    According to the statement, the general public are advised not to deal with Dr Chris Asoluka (doing business under the name and style of NIPAL Consulting Network, Linas International Limited, Joe Odey Agi, (Practising under the name and style of Joe Agi, SAN & Associates).

    Others according to the statement include Riok Nigeria Limited, Prince Nicholas Ukachukwu, Dr Ted Iseghohi Edwards, Panix Alert Security Systems Limited, Dr George Uboh, Ned Munir Nwoko, Prince Orji Orizu and Olaitan Bello.

    Justice Inyang Ekwo had dismissed the suit by the Attorneys-General of the 36 states against the Federal Government in a judgment delivered recently saying the attorneys-general have not shown enough evidence to accord them the right to institute the action.

    Ekwo in his judgment held that there was no express evidence to show that the governors of the 36 states consented to the filing of the suit.

    (NAN)

    Share. Facebook Twitter Telegram WhatsApp

    Keep Reading

    Africa: New injectable drug for HIV prevention gets US approval

    Nigeria receives new HIV prevention injection

    UNIFIL to withdraw troops from Lebanon by mid 2027- UN

    UN condemns Iran over attack on Gulf states

    NUPRC says Nigeria’s oil production rose by 0.89% to 1.71m in July

    Iran threatens Strait of Hormuz blockade, oil to hit $200/barrel

    China stated on Monday that Iran decision to appoint Mojtaba Khamenei as its new supreme leader following his father's assassination was an internal matter, and it opposed any attempt to harm him.

    Iran vows to attack US, Israeli banks, economic centers

    Arsenal beat Zagreb to edge closer to last-16

    UCL: Arsenal score late penalty to draw Leverkusen 1-1

    Taiwo Oyedele, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms

    Senate confirms Oyedele as minister of state for finance

    Subscribe to News

    Be the first to get the latest news updates from ChronicleNG about world, sports, politics etc

    Africa: New injectable drug for HIV prevention gets US approval

    Nigeria receives new HIV prevention injection

    March 12, 2026
    UNIFIL to withdraw troops from Lebanon by mid 2027- UN

    UN condemns Iran over attack on Gulf states

    March 12, 2026
    NUPRC says Nigeria’s oil production rose by 0.89% to 1.71m in July

    Iran threatens Strait of Hormuz blockade, oil to hit $200/barrel

    March 12, 2026
    China stated on Monday that Iran decision to appoint Mojtaba Khamenei as its new supreme leader following his father's assassination was an internal matter, and it opposed any attempt to harm him.

    Iran vows to attack US, Israeli banks, economic centers

    March 12, 2026
    Bodo/Glimt

    Bodo thrash Sporting 3-0 to continue impressive UCL run

    March 12, 2026
    Facebook X (Twitter) Instagram
    • Politics
    • News
    • Sports
    • Business
    • About Us
    © 2026 ChronicleNG

    Type above and press Enter to search. Press Esc to cancel.