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    $418m Paris Refund: Governors appeal judgment

    Chronicle EditorBy Chronicle EditorMarch 30, 2022No Comments2 Mins Read
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    Nigerian governors are appealing the Paris Fund loan
    Nigerian governors are appealing the Paris Fund loan
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    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)

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    Troops from Operation HADIN KAI (OPHK) successfully repelled an early-morning terrorist attempt to infiltrate the Bitta district of Borno State from the Mandara Mountains.

    Troops kill terrorists, arrest 100 suspects in one week – DHQ

    January 26, 2026
    The Defence Headquarters (DHQ) on Monday disclosed that investigations into alleged misconduct by some officers unveiled claims of a plot to overthrow the government.

    DHQ confirms coup attempt, indicted officers to face military trial

    January 26, 2026
    Tinubu will decide, leave me out of 2027 running mate permutations - Dogara

    Tinubu will decide, leave me out of 2027 running mate permutations – Dogara

    January 26, 2026
    APC forum warns against dropping Shettima in 2027

    APC denies plans to replace Shettima as Tinubu’s running mate

    January 26, 2026
    2027: Tinubu planning to replace Shettima — Primate Ayodele

    2027: Tinubu planning to replace Shettima — Primate Ayodele

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