Skip to content
September 27, 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
  • Paris Club refund: Court fixes Nov. 22 to hear $151m suit against Abia Govt.
  • National News

Paris Club refund: Court fixes Nov. 22 to hear $151m suit against Abia Govt.

Admin May 24, 2022
FG vs ASUU

Judiciary symbol

May 24, 2022

An FCT High Court, Kubwa, on Tuesday fixed Nov. 22 to hear a suit filed by a financial expert, Dr Maurice Ibe, against the Abia Government and some of its officials over the $151m Paris Club refund.

Ibe, the Chief Executive Officer of Mauritz Walton Nig. Ltd, filed the suit against the Abia Government, the Accountant General of Abia and Ziplon Concept.

Mauritz Walton sued the Abia government for refusing to pay an agreed 30 per cent of the sum of 151.4 million dollars, being refund for an over deduction from the Government’s foreign loan portfolio by the Federal Government.

Justice Kezziah Ogbonnaya fixed the date for final address, based on an order given by the Court of Appeal to stay proceedings in the suit.

Ogbonnaya added that if the Court of Appeal came up with something before the adjourned date, the parties could apply for abridgement of time.

Earlier, the plaintiff’s counsel, Fatima Ibrahim told the court that the court of appeal gave an interim Order to stay proceedings in the suit pending its decision in a ruling passed on March 30.

The defence counsel, Tony Ugbulafor, however said the case was for adoption of written address but for the order of stay of proceedings.

“By our appearance we are bringing the current status to the court and apply that the matter be adjourned sine die, ” Ugbulafor said.

Abia Government engaged the firm on Nov. 3, 2014 to pursue the refund of excess deductions on foreign loans and miscellaneous.

He said since completion of the reconciliation, the government refused to fulfill its part of the agreement, but rather suspiciously brought in another firm to claim the consultancy fee.

Chukwuma Machukwu, SAN, counsel to the government and the Attorney-General of the state, told the court on Dec. 9, that he filed two appeals which had been entered and motions for stay of the court’s proceedings.(NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Chukwuma Machukwu Justice Kezziah Ogbonnaya Maurice Ibe Mauritz Walton Nig. Ltd Paris Club

Post navigation

Previous School Feeding: FG to spend over N999m daily on approximately 10m pupils
Next Piracy: Navy rescues 7 male victims from kidnappers’ hideout in Bayelsa

Related Stories

Peter Obi to Editors: Task politicians on issue-based campaigns Peter Obi
  • National News

Peter Obi to Editors: Task politicians on issue-based campaigns

September 26, 2026
Troops intercept 43 ISWAP Family Members, Rescue 9 Kidnap Victims in Multi-State Operations Troops
  • National News

Troops intercept 43 ISWAP Family Members, Rescue 9 Kidnap Victims in Multi-State Operations

September 25, 2026
WION’s Louisa Olaniyi, other Industry Trailblazers Honoured for Driving Nigeria’s Digital Transformation
  • National News

WION’s Louisa Olaniyi, other Industry Trailblazers Honoured for Driving Nigeria’s Digital Transformation

September 25, 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

Decoupling Sovereignty Index (1): The Anatomy of Becoming Nobody
  • Commentaries

Decoupling Sovereignty Index (1): The Anatomy of Becoming Nobody

September 27, 2026
NDLEA uncovers largest opioid hauls in Lagos airport; arrests two female suspects, two Togolese nationals
  • Crime and Justice

NDLEA uncovers largest opioid hauls in Lagos airport; arrests two female suspects, two Togolese nationals

September 27, 2026
JUST IN: Europe-bound groom excretes 72 wraps of cocaine at Enugu airport
  • Crime and Justice

JUST IN: Europe-bound groom excretes 72 wraps of cocaine at Enugu airport

September 27, 2026
ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award
  • Business & Economy

ICT Journalists honour Ernest Ndukwe with Lifetime Achievement Award

September 26, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.