• 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
  • CAPPA highlights media’s role in reducing NCD
  • Chrisland university awards first-class degrees amid growing enrolment
  • Women farmers learn smart agriculture techniques in Abuja
  • African experts call for urgent action to reduce maternal deaths
  • Climate inaction costs lives as adaptation finance lags—UNEP
  • NPC strengthens data-driven leadership with new acting chairman
  • UNIBEN empowers students with car servicing skills
  • WHO warns climate inaction threatens global health
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    Women farmers learn smart agriculture techniques in Abuja

    October 29, 2025

    N-HYPPADEC distributes farm inputs, relief materials to member states

    October 29, 2025

    LIFE-ND project boosts agribusiness skills for rural Delta communities

    October 29, 2025

    Nigeria’s livestock industry set for strategic transformation

    October 29, 2025

    Leventis foundation, NYSC to reward top young agripreneurs

    October 29, 2025
  • Sci & Tech

    NITDA calls for joint action to drive Nigeria’s digital growth

    October 29, 2025

    UNESCO launches biodiversity business training in Cross River

    October 29, 2025

    New horizons wins Africa’s best ICT training award

    October 29, 2025

    Digital transformation central to Enugu’s $30bn economy goal, says SSG

    October 29, 2025

    Kebbi gov highlights technology as key to teaching success

    October 29, 2025
  • Health

    CAPPA highlights media’s role in reducing NCD

    October 29, 2025

    African experts call for urgent action to reduce maternal deaths

    October 29, 2025

    NPC strengthens data-driven leadership with new acting chairman

    October 29, 2025

    WHO warns climate inaction threatens global health

    October 29, 2025

    Sightsavers mobilizes Kebbi leaders to fight trachoma

    October 29, 2025
  • Environment

    Climate inaction costs lives as adaptation finance lags—UNEP

    October 29, 2025

    Slow climate adaptation threatening lives and economies — UNEP report warns

    October 29, 2025

    New law strengthens Nigeria’s fight against wildlife trafficking

    October 29, 2025

    Nigeria’s environment at risk from poor waste management, EPHPAN warns

    October 28, 2025

    Nigeria launches green women platform to drive climate solutions

    October 28, 2025
  • 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

    CAPPA highlights media’s role in reducing NCD

    October 29, 2025

    Chrisland university awards first-class degrees amid growing enrolment

    October 29, 2025

    Women farmers learn smart agriculture techniques in Abuja

    October 29, 2025
  • 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

    CAPPA highlights media’s role in reducing NCD

    October 29, 2025

    Chrisland university awards first-class degrees amid growing enrolment

    October 29, 2025

    Women farmers learn smart agriculture techniques in Abuja

    October 29, 2025
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»Business/Economy/Banking & Finance»$418m Paris Club judgement debt: Nigerian governors ask court to stop deductions
Business/Economy/Banking & Finance

$418m Paris Club judgement debt: Nigerian governors ask court to stop deductions

NewsdeskBy NewsdeskApril 26, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The 36 Nigerian state governors have prayed a Federal High Court in Abuja to restrain the federal government from approving the deduction of any money accruing to the states from the Federation Account for the payment of $418 million judgment debt.

The Attorneys-General of the 36 states made this prayer known in a motion on notice marked: FHC/ABJ/CS/1313/2021 dated and filed on March 28 before Justice Inyang Ekwo.

They prayed the court to restrain the respondents from proceeding with its judgment delivered on March 25 pending the hearing and determination of the appeal at the appellant court.

The application was brought pursuant to Order 32 Rule 1 and Order 56 Rule 8 of the Federal High Court Civil Procedure Rules 2019; Sections 120 and 162 of the 1999 Constitution (as amended) and under the inherent jurisdiction of the court.

The Attorneys General of the 36 states had sued the President, Attorney-General of the Federation (AGF), Accountant-General of the Federation, Ministry of Finance and Central Bank of Nigeria (CBN).

Others are Debt Management Office (DMO), Federation Account Allocation Committee (FAAC), Incorporated Trustees of Association of Local Government of Nigeria (ALGON), Dr Chris Asoluka, Linas International Limited, among others.

According to the motion, 43 defendants are sued in the matter.

They prayed the court for an order of interim injunction, restraining the Federal Government from deducting monies accruing to the 36 states from federation account.

The deductions are to settle 418 million dollars judgment debt in relation to Paris Club Refund pending the determination of the substantive suit.

However, Justice Ekwo, on March 25, dismissed the suit for lacking in merit.

He held that the 36 states’ Attorneys General, who were plaintiffs, lacked the legal right to institute the matter without their governors’ consent.

But in the motion on notice, the applicants sought for two orders while listing 26 grounds why the court should grant their reliefs.

They argued that the lower court’s decision had been challenged at the Court of Appeal.

Part of the grounds are that “the applicants have the constitutional right to appeal the said decision, pursuant to Sections 36, 240 and 242 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended).

The appeal, they said, was pending before the Court of Appeal, Abuja Division, raises arguable, substantial and recondite grounds of appeal with great chance of success.

The  court, they added,  had vires to grant the instant application to preserve the res and subject matter of the pending appeal.

Justice Ekwo fixed Wednesday for hearing of the motion.

$418 million CBN Court Deductions DMO NGF Paris Club refund
Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Newsdesk
  • Website

Related Posts

NITDA calls for joint action to drive Nigeria’s digital growth

October 29, 2025

JUST IN: Reps approve Tinubu’s request to borrow $2.35bn, issue $500m sovereign Sukuk

October 29, 2025

AltBank unveils scholarship for women in technology

October 29, 2025

Leave A Reply Cancel Reply

CAPPA highlights media’s role in reducing NCD

October 29, 2025

Chrisland university awards first-class degrees amid growing enrolment

October 29, 2025

Women farmers learn smart agriculture techniques in Abuja

October 29, 2025

African experts call for urgent action to reduce maternal deaths

October 29, 2025
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
© 2025 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

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