• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • Politics/Elections
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • Judiciary/Legislature/Law & Human Rights
    • Oil & Gas/Mineral Resources
    • Press Freedom/Media/PR/Journalism
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • Singer Nanyah dies of snake bite at her home
  • Indonesia lifts ban on Elon Musk’s Grok  
  • Wema Bank launches ‘Evolution of Love’ campaign for Valentine’s Day
  • Army renovates 91-year-old primary school in Sokoto 
  • SERAP sues NNPCL over missing oil funds
  • Lagos govt airlifts 200 pilgrims to Israel, Jordan
  • Lawmaker plans free healthcare for 10,000 constituents
  • Iran, beware the fangs of January, the scourge of February, the ides of March [II], by Hassan Gimba
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    How Corteva Agriscience is boosting South Africa’s farming system

    January 31, 2026

    AI-driven project targets climate resilient crops for farmers in Africa

    January 31, 2026

    FG empowers 40 cooperatives with farm inputs in Yobe

    January 30, 2026

    Katsina to host 3,750 housing units, aquaculture project financed by COSMOS

    January 30, 2026

    ActionAid empowers 12,000 FCT farmers with agroecology skills

    January 30, 2026
  • Sci & Tech

    Indonesia lifts ban on Elon Musk’s Grok  

    February 1, 2026

    Expert urges federal govt to tackle multiple taxation in telecoms sector

    January 31, 2026

    Airtel Africa mobile money transactions top $210bn as subscribers hit 52m

    January 31, 2026

    Nigeria, KOICA partner to drive digital transformation in public service

    January 30, 2026

    NDPC leads Abuja roadshow to promote data protection awareness

    January 30, 2026
  • Health

    Lawmaker plans free healthcare for 10,000 constituents

    February 1, 2026

    Anambra seeks LG chairmen’s support for measles–rubella vaccination campaign

    January 31, 2026

    Kaduna eliminates Trachoma as public health threat

    January 31, 2026

    Kogi records milestone in fight against NTDs, halts treatment for Lymphatic filariasis

    January 31, 2026

    Bauchi introduces nutrition supplement to tackle child undernutrition

    January 31, 2026
  • Environment

    Abia govt approves new climate change policy, prioritises disability inclusion

    January 31, 2026

    LAWMA arrests cart pushers for illegal dumping on Lagos–Badagry expressway

    January 31, 2026

    YASIF, IBM train 15,000 Nigerian youths for green, digital economy

    January 31, 2026

    Kukah urges religious leaders to speak out against environmental exploitation

    January 31, 2026

    LASEMA holds retreat to honor responders, boost emergency preparedness

    January 31, 2026
  • Hausa News

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025

    Dan majalisa ya raba kayan miliyoyi a Funtuwa da Dandume

    March 18, 2025

    [VIDIYO] Fassarar mafalki akan aikin Hajji

    January 6, 2025
  • More
    1. Business/Banking & Finance
    2. Politics/Elections
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. Judiciary/Legislature/Law & Human Rights
    24. Oil & Gas/Mineral Resources
    25. Press Freedom/Media/PR/Journalism
    26. General News
    27. Presidency
    Featured
    Recent

    Singer Nanyah dies of snake bite at her home

    February 1, 2026

    Indonesia lifts ban on Elon Musk’s Grok  

    February 1, 2026

    Wema Bank launches ‘Evolution of Love’ campaign for Valentine’s Day

    February 1, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    Singer Nanyah dies of snake bite at her home

    February 1, 2026

    Indonesia lifts ban on Elon Musk’s Grok  

    February 1, 2026

    Wema Bank launches ‘Evolution of Love’ campaign for Valentine’s Day

    February 1, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»Business/Economy/Banking & Finance»Paris Club refund: Court summons Emefiele over $53m debt
Business/Economy/Banking & Finance

Paris Club refund: Court summons Emefiele over $53m debt

Abdallah el-KurebeBy Abdallah el-KurebeJune 6, 2023Updated:June 6, 2023No Comments4 Mins Read
SEC partners CBN for seamless banking sector recapitalization
CBN
Share
Facebook Twitter LinkedIn Pinterest Email

A Federal High Court, Abuja, on Tuesday, ordered Godwin Emefiele, Governor of Central Bank of Nigeria (CBN), to appear before it on July 19 over a 53 million dollar-judgment debt arising from the Pars Club refund.

Justice Inyang Ekwo, who gave the order during the hearing of a suit marked: FHC/ABJ/CS/1193/2017, insisted that the court would not hear Emefiele’s motion for stay until he appeared in court.

Justice  Ekwo had, on October 20, 2022, ordered the CBN governor to appear in court on Jan. 18 over his alleged refusal to obey the order of the court for the payment of the judgment debt in favour of a legal practitioner, Joe Agi, SAN.

However, on the January 18, proceedings could not go on as scheduled when the matter was called, prompting the court to subsequently adjourned the case till March 20.

Agi had dragged Linas International Ltd, Minister of Finance and CBN to court as 1st to 3rd judgment debtors respectively, following an application for garnishee made by him as judgment creditor in the case.

Upon resumed hearing on Tuesday, Agi’s counsel, Ayodele Arotiowa, informed that on the last adjourned date, the court made an order that Mr. Emefiele should appear in court on the next date and that the order had not been obeyed.

Audu Anuga, SAN, who appeared for Emefiele and CBN, reminded that the court did not sit on the last adjourned date.

“There is an intervening circumstance which we have brought to the attention of the court by filing of affidavit of fact,” he said.

The judge then asked when the appeal was filed by Anuga.

“The appeal was filed on the 28th day of October, 2022,” the lawyer responded.

He said besides the appeal, they also filed a motion for stay.

Anuga, who said that the appeal had been entered, said that was why they filed affidavit of fact.

Arotiowa said though they had been served with the processes, they had also responded.

Anuga told the court that they had pending application to set aside those order nisi.

Justice Ekwo then said that it was because of the order he made that Emefiele should appear in court that prompted them to go on appeal “so that he does not appear in this court.”

“That is exactly what you have done. So, we, the trial court cannot do our job?

“I am not going to hear you on any application until Mr. Godwin Emefiele appears in court.

“Therefore I am going to give a date for you to report to the court on the compliance with the order of the court.

“Upon being aware that the motion for stay of execution is a live matter in this court, this court shall not hear that application unless and until Mr. Godwin Emefiele who has been ordered to appear in court appears in court,” the judge declared.

He adjourned the matter until July 19 for report.

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,  since the date of the said garnishee order absolute, to pay the balance of 53 million dollars 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”.

In October 2022, Agi through his counsel Isaac Ekpa and Chinonso Obasi, filed another application against Linas International, Minister of Finance and the CBN.

He sought for an order directing the Inspector-General of Police to arrest Emefiele and bring him to court alongside his lawyers, Damian Dodo, Audu Anuga, all Senior Advocates of Nigeria, and Ginika Ezeoke, Jessica Iyoke, Abdullahi Afolayan, and Olayemi Afolayan.”

CBN governor Paris Club refund
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Abdallah el-Kurebe
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Related Posts

Naira posts week-on-week gain to ₦1,391/$ as external reserves strengthen

January 31, 2026

Stanbic IBTC records 69% profit earnings

January 31, 2026

Naira closes week with N10.43 gain against dollar

January 30, 2026

Leave A Reply Cancel Reply

Singer Nanyah dies of snake bite at her home

February 1, 2026

Indonesia lifts ban on Elon Musk’s Grok  

February 1, 2026

Wema Bank launches ‘Evolution of Love’ campaign for Valentine’s Day

February 1, 2026

Army renovates 91-year-old primary school in Sokoto 

February 1, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.