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Paris Club: Court orders N40bn deduction from Ebonyi allocation

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The Port Harcourt Division of the Federal High Court has ordered the Central Bank of Nigeria(CBN) to commence the deduction of over N40billion from the Federation Allocation Account for Ebonyi State Government and remittance of same to a consulting firm.

In its Order Absolute, the Court further determined that the Ebonyi State Government must pay N118,787,380.00) and other damages to the firm of Andrew Bishop Nig Limited and its partners, Mauritz Walton Nig Limited, for breaching the terms of the contract agreement it entered with the latter.

The court also ordered the CBN to withdraw US29,854,856.9 and another N30,100,000,000.00 from the state’s accounts and remit to the company.

Ebonyi State Government contracted ANDREW BISHOPTON NIG LIMITED in 2016 to pursue and recover monies illegally deducted from its foreign and local loans and facilities, especially the Paris club refund.

The firm, it was gathered, approached the Court following the State Government’s alleged reluctance to keep to the agreed contract terms, a development that led to the 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, were treated unfairly by the Government.

A copy of the Ruling, dated November 2, 2022, which was obtained by our Correspondent, 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.

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