Court orders CBN to deduct Ebonyi’s monthly allocation over N30B debt


A Federal High Court in Port Harcourt Division has ordered the Central Bank of Nigeria(CBN) to commence the immediate deduction of over N30billion from the Federation Allocation Account of Ebonyi State Government.

The Court equally ruled that the Ebonyi State Government should pay a firm, ANDREW BISHOPTON NIG LIMITED and its partners, Mauritz Walton Nig Limited, the sum of N118,787,380.00) and other sums for failing to keep to the terms of the contract agreement, it entered with the latter.

Recall that in 2016, the Ebonyi State Government contracted ANDREW BISHOPTON NIG LIMITED to pursue and recover monies illegally deducted from both its foreign and local loans and facilities.

The firm, it was gathered, approached the Court following the state government alleged reluctance to keep to the agreed contract terms, a development that led to the illegal arrest and detention of a senior staff of the consultancy organisation, Mrs Jackie Ikeotuonye, by the former.

The Court, presided over by Justice S. Dalyop Pam, in its Order Absolute, ruled that one of the Applicants or Judgment Creditors, ANDREW BISHOPTON NIG LIMITED, was treated unfairly by the Government.

A copy of the Ruling, dated November 2, 2022, which was obtained by The Trumpet, on Monday, read, “Upon this Garnishee Proceedings dated and filed on the 18th of July, 2022, and coming up for Ruling today, the 2nd day of November, 2022.

“Whereas all the parties are absent.

“M.N. Mohammed, SAN with K. Nkwocha, Esq. and R. Asher, Esq. of Counsel for the Judgment Creditors.

“P.N. Zephaniah, Esq. of Counsel for the 1st Garnishee Respondent.

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“And the Honourable Court having delivered its Ruling in the open court today, the 2nd day of November 2022.”

It is hereby ordered as follows:”An Order Absolute of this Honourable Court is hereby made DIRECTING the 2nd Garnishee (United Bank for Africa Plc) to, within 24 hours, pay the sum of One Hundred and Eighteen Million, Seven and Eighty-Seven Thousand, Three Hundred and Eighty Naira) (N118,787,380.00) Only, attached from the account maintained by the Judgment Debtor, Government of Ebonyi State known as Ebonyi State Government Treasury Single Account with Account No: 1001158077 maintained with the 2nd Garnishee Bank, United Bank for Africa Plc into the designated Account Name: Mauritz Walton Nig Limited, Bank Name: Wema Bank Plc, Account No: 0122765584, to liquidate the judgment in this suit.

“An Order Absolute of this Honourable Court is hereby made DIRECTING the 1st Garnishee Bank (the Central Bank of Nigeria) to deduct at source, the sum of US29,854,856.9 (Twenty Nine Million, Eight Hundred and Fifty-Four Thousand, Eight Hundred and Fifty-Six Dollars, Nine Cents) Only and the sum of N3,100,000,000.00 (Thirty Billion, One Hundred Million Naira) Only, respectively from the monthly Federation Allocation Account of the Judgment Debtor, Ebonyi State Government and credit same into the designated Account of the 2nd Judgment Creditor, Mauritz Walton Nig Limited, Bank Name: Wema Bank, Bank Account: 0122765584, to liquidate the judgment sum in this suit.

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