Nigerian High Court Sets Aside Consent Judgment On $47Million Paris Club Refund Payment For Panic Alert Limited
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.