Panic Alert Systems Ltd News Today

Nigeria Governors Forum has said it will explore all legal channels to ensure that resources belonging to states are not illegally paid to a few under the guise of payment for consultancy services. The forum comprising the 36 governors in the country said they would stand on their position regarding the $418 million Paris Club Refund and the promissory notes issued to consultants by the Ministry of Finance and the Debt Management Office (DMO). They insist that the money will not be paid to the c...

A Federal High Court in Abuja has set aside a consent judgment entered in favour of a company, Panic Alert Security Systems Ltd against the Trustees of the Nigeria Governors' Forum (NGF) for the payment of money to some individuals and organisations for the roles they played in the Paris Club refund received by the Nigerian Government. Panic Alert Security Systems Limited had relied on the consent judgment to lay claim to professional fees of $47, 821, 920.