Paris Club Refund: Appeal Court quashes N38.8b fees claim
Naija News • 2d ago
Paris Club Refund: Appeal Court quashes N38.8b fees claim
The Court of Appeal in Abuja has dismissed a N38,878,451,742.22 judgment entered by the Federal High Court in favour of Mr Joe Agi (SAN) over alleged consultancy fees arising from the Paris Club Refund.
The suit, filed in 2017 by Agi against the Minister of Finance, the Incorporated Trustees of the Nigeria Governors’ Forum, and the Attorneys-General of the 36 states, claimed 20 per cent of the Paris Club Refund as consultancy fees.
Judgment was entered in 2022, prompting appeals by the governors and the Attorneys-General.
Following the judgment, Agi moved to enforce it through garnishee proceedings.
He secured a Garnishee Order Nisi against the Central Bank of Nigeria (CBN).
Despite objections by the CBN, the Federal High C...