Skip to content
September 18, 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

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment
  • National News

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment

September 17, 2026
Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO
  • Business & Economy
  • National News

Payment ​‌‌‌⁠‍‍⁠⁠‌⁠​‌⁠‍‌⁠‌‌​technology firms partner for retail access to Dangote Refinery IPO

September 17, 2026
Revenue Allocation: FG, states, LGs share N2.338trn for August federal government
  • National News

Revenue Allocation: FG, states, LGs share N2.338trn for August

September 17, 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

Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris
  • Crime and Justice

Mambila Power Project: Tinubu excited as Nigeria wins $680m settlement suit in Paris

September 18, 2026
Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project
  • Business & Economy

Tinubu boosts remote working for Nigerian professionals, backs $500m Itana innovation project

September 17, 2026
DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment
  • National News

DSS begins trial of 5 suspected Ansaru terrorists after re-arraignment

September 17, 2026
Ugandan Shilling, Cedi and Kwacha Expected to Face Pressure; Nigeria and Kenya Currencies Stable
  • International News

Ugandan Shilling, Cedi and Kwacha Expected to Face Pressure; Nigeria and Kenya Currencies Stable

September 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.