$53m Judgement Debt: Court Adjourns Suit Against CBN Governor To March 20

No reason was given for the adjournment by the court.

A file photo of Governor of the Central Bank of Nigeria, Godwin Emefiele


The Summon of the Governor of the Central Bank, Mister Godwin Emefiele, by the Federal High Court Abuja over a $53 million judgement debt arising from the Pars Club refund, have been adjourned to March 20.

No reason was given for the adjournment by the Court.

Justice Inyang Ekwo of the Federal high court Abuja had Summoned him on October 20, last year following an application for garnishee made by a senior advocate of Nigeria, Joe Agi who is the judgment creditor.

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

The dispute stemmed from an alleged $70 million judgment against Linas International Ltd for the lawyer’s (Joe Agi) assistance with the Paris Club refund.

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 you should not be committed to prison for default in payment of the said sum”