Skip to content
August 28, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • $418m Paris Refund: Governors appeal judgment
  • National News

$418m Paris Refund: Governors appeal judgment

Admin March 30, 2022
lagos state

March 30, 2022

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 Senior 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.

“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 defendants that the general public are advised not to deal with are 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)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Ahmed Raji Dr Garba Tetengi Dr George Uboh Dr Ted Iseghohi Edwards Dr. Chris Asoluka J.S. Okutepa Joe Agi Ned Munir Nwoko Olaitan Bello Olumuyiwa Akinboro Panix Alert Security Systems Limited Prince Nicholas Ukachukwu Prince Orji Orizu Riok Nigeria Limited S. I. Ameh

Post navigation

Previous World Cup: Angry fans destroy stadium, blame corruption in NFF for Nigeria’s ouster
Next PDP dissolves Kano State, LG, Ward Excos

Related Stories

PCN Seals 430 Illegal Medicine Outlets in Yobe Regulatory Crackdown PCN Act
  • National News

PCN Seals 430 Illegal Medicine Outlets in Yobe Regulatory Crackdown

August 28, 2026
Nigeria Navy, Türkiye partner on ship building, naval defence technologies Naval rating arrested
  • National News

Nigeria Navy, Türkiye partner on ship building, naval defence technologies

August 28, 2026
Four die in Lagos fire incident
  • National News

Four die in Lagos fire incident

August 27, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

PCN Seals 430 Illegal Medicine Outlets in Yobe Regulatory Crackdown PCN Act
  • National News

PCN Seals 430 Illegal Medicine Outlets in Yobe Regulatory Crackdown

August 28, 2026
Nigeria Navy, Türkiye partner on ship building, naval defence technologies Naval rating arrested
  • National News

Nigeria Navy, Türkiye partner on ship building, naval defence technologies

August 28, 2026
About 57% of technology products procured by government and corporates in Nigeria are refurbished products sold as new – Leo Stan Ekeh
  • Business & Economy

About 57% of technology products procured by government and corporates in Nigeria are refurbished products sold as new – Leo Stan Ekeh

August 28, 2026
Four die in Lagos fire incident
  • National News

Four die in Lagos fire incident

August 27, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.