Panic Alert Security System News Today

The government has asked a federal high court in Abuja to void promissory notes issued to consultants with respect to the Paris Club refund.

Court Halts Notes Redeeming Efforts The Federal Government has made moves to block the redemption of about 62 promissory notes issued to consultants/contractors engaged by the Nigeria Governors’ Forum (NGF) and the Association of Local Governments of Nigeria (ALGON) to retrieve their shares of the Paris Club refunds. The Federal Government, while faulting the procedure |

The Nigerian government has asked a federal high court in Abuja to void promissory notes issued to consultants with respect to the Paris Club refund.

President Bola Tinubu-led Nigerian government has reportedly made moves to block the payment of about 62 promissory notes issued to consultants/contractors engaged by the Nigeria Governors’ Forum (NGF) and the Association of Local Governments of Nigeria (ALGON) under former President, Muhammadu Buhari.

  Justice SB Belgore of the Federal Capital Territory High Court has ordered the freezing of a bank account linked to a Paris Club consultant, Panic Alert Security System Limited, over an alleged breach of contract. A lawyer, Ikechukwu Ezechukwu (SAN) had in suit no FCT/HC/CV/2615/22 urged the court to freeze the bank account domiciled in United Bank of Africa linked to the company pending the hearing and determination of the motion on notice filed in the suit.

Millions of dollars out of the $478 million in Paris Club refund-related judgment debts have been released to some creditors without the consent of President Muhammadu Buhari, SaharaReporters has gathered.

The payment of the controversial $418 million Paris Club refund to some consultants allegedly owed has been put on hold by President Muhammadu Buhari, PREMIUM TIMES reports.  Buhari was said to have given the directive to the Minister of Finance, Zainab Ahmed, to suspend plans to begin the deduction of $418 million Paris Club refund allegedly owed four contractors from the federation account, at the Federal Executive Council meeting of August 3, where the matter was extensively discussed. 

The affected SANs are Sunday Ameh, Jibrin Okutepa, Garba Tetengi, Ahmed Raji, and Aare Olumuyiwa Akinboro.

Emefiele had in a letter dated 29th March 2022 with reference No. GVD/GOV/CON/DGC/210/071 and addressed to Malami said the apex bank was willing to pay millions of dollars to the creditors.

Emefiele had in a letter dated 29th March 2022 with reference No. GVD/GOV/CON/DGC/210/071 and addressed to Malami said the apex bank was willing to pay millions of dollars to the creditors.