The 36 state governors under the aegis of the Nigeria Governors’ Forum (NGF) have appealed the recent court judgment which dismissed their suit challenging the Federal Government on the deduction of $418 million from the Federation Account to settle debts owed consultants engaged by the States and Local Governments on the Paris Club refunds.
Not satisfied with the judgment delivered by Justice Inyang Ekwo who dismissed the suit filed by the state governors through their attorneys, the governors in the appeal notice, advised the general public and all financial institutions in Nigeria and abroad that the matter is subjudice and urging them to desist from dealing with the defendants in the suit.
According to them, “With respect to promissory notes issued to them and intended to be discounted and given value from funds due to the states of the federation from the federation account in respect of judgment debts arising from suits in connection with the London Paris Club contracts pending the hearing and determination of the appeal.
“Be it known that any person or persons who take steps in respect of the promissory notes in the face of the pending appeal do at his or her peril.”
By Kehinde Akintola,
Nigerian Tribune