Paris Club Refund: NGF writes finance minister over suspicious N159 billion judgment debts

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The NGF informs the finance minister to suspend the settlement of the controversial debts as it plans to challenge the claims in court.

While Mr Malami has justified his push for the purported creditors to be paid, he has refused to answer theIn his letter written on behalf of the NGF, Mr Falana urged the finance minister not to issue promissory notes to Mr Ted-Iseghoghi or any of the creditors yet, as his client is set to challenge the judgment on which the monetary claims are anchored.

“The Nigeria Governors’ Forum has engaged our services to challenge the decisions of the court relating to or connected with payments of legal and consultancy fees arising from London Club Debt Buy Back and London Club Debt Exit Payment, which is the fulcrum of the judgment of the Federal High Court, Abuja in Suit Nos, FHC/ABJ/CS/130/13 – LINAS INTERNATIONAL LIMITED & ORS.V. THE FEDERAL GOVERNMENT OF NIGERIA & ORS.

“Consequently, we have prepared all the court processes challenging the judgments of courts and seeking for stay of execution and/or injunction pending appeal. He urged the finance minister not to accede to the request by Mr Ted-Iseghoghi-Edwards’ lawyers for the issuance of promissory notes relating to settlement of the disputed judgment debts.

 

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