Nigerian Court Sets Aside Consent Judgement On Payment Of $47m Paris Club Refund
Sep 23, 2022 ·
1m 25s
The Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has set aside a consent judgment in favor of Panic Alert Security Systems Limited against the Nigeria Governors’...
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The Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has set aside a consent judgment in favor of Panic Alert Security Systems Limited against the Nigeria Governors’ Forum.
Justice Tsoho held that the said consent judgment was entered without jurisdiction in its entirety.
The company is one of the beneficiaries of the payment of $418 million to consultants and is said to be for payment for professional services in the Paris Club refund to State Governments. \
The state governors had accused the Attorney-general of the Federation (AGF), Abubakar Malami, of alleged involvement in the controversial payment
By the ruling, all approvals by the AGF, the president, the minister of finance, the Accountant-General of the Federation, and the Debt Management Office (DMO) arising from, related to, or concerning Panic Alert’s claims have been voided.
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Justice Tsoho held that the said consent judgment was entered without jurisdiction in its entirety.
The company is one of the beneficiaries of the payment of $418 million to consultants and is said to be for payment for professional services in the Paris Club refund to State Governments. \
The state governors had accused the Attorney-general of the Federation (AGF), Abubakar Malami, of alleged involvement in the controversial payment
By the ruling, all approvals by the AGF, the president, the minister of finance, the Accountant-General of the Federation, and the Debt Management Office (DMO) arising from, related to, or concerning Panic Alert’s claims have been voided.
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