Court unfreezes Delta state's bank account
The account has been unfrozen after the same court had granted a freezing order earlier in August.
Delta State Governor, Ifeanyi Okowa
Recommended articles
Justice Yusuf Halilu had ordered that the account, where the state received the refund of excess deductions on foreign loans, be frozen on August 3, 2017.
The previous order was in support of an ex-parte originating summons by Mauritz Walton Nigeria Ltd who accused the state, alongside Abia state and Cross River state, of owing debts after contracting the consultancy firm to pursue the refund of excess deductions on foreign loans and miscellaneous charges.
The firm was supposed to get a certain percentage of any fund recovered in exchange for its services. According to the agreement, the firm was supposed to get 30% of any fund recovered for Delta state, and 20% each from Abia and Cross River.
ADVERTISEMENT
When the firm dragged the defendants to court, the Delta state government owed $27.3 million and N3 billion, while Abia state government reportedly owed the sum of $11.3 million and N1.72 billion, and Cross River owed $8.1 million and N1.2 billion.
In the state's appeal to the court, counsel, Alex Izonyi (SAN), argued that the court lacked jurisdiction on the matter.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
EFCC re-arraigns former PDP Chairman’s son for alleged oil subsidy fraud
Gov Bello pays visit, congratulates Shettima
Relief as banks begin issuance of naira notes today
Igbo group begs Sanwo-Olu, traditional rulers to end disunity in Lagos
PDP berates INEC for allegedly frustrating issuance of CTC of results
Lagos BRT driver to face manslaughter, other charges over train collision
Appeal Court dismisses PDP suit against Tinubu, Shettima over alleged double nomination
Akwa Ibom CJ pardons 45 inmates
I remain APGA Chairman - Oye reacts to Supreme Court verdict
Pulse Sports
Victor Osimhen: Where should the Super Eagles striker go this summer?
Peseiro chasing Rohr’s feat as the Super Eagles resume campaign
Nigerian sensation Gift Orban wanted by AC Milan and Napoli
"Present crop of quartermilers are not challenging me enough to retire" - Patience George
Serie A: Udinese renew 'cornerstone' Isaac Success contract
Nigeria to play New Zealand and Haiti in April
ADVERTISEMENT
![INEC chairman, Prof Mahmood Yakubu, presents certificate of return to president-elect, Bola Tinitu [Twitter/@BashirAhmaad]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "INEC chairman, Prof Mahmood Yakubu, presents certificate of return to president-elect, Bola Tinitu [Twitter/@BashirAhmaad]")