EMMANUEL AKOMAYE AGIM, J.S.C. (Delivering the Leading Judgment): Because the Federal Government of Nigeria used monies in the Federation Account to service its foreign debts, namely, London and Paris Club Debts between 1992 and 2006 without the authorization of the States Government and Local Governments and Area Councils, who with the Federal Government are joint owners of money in the Federation Account by virtue of S.162(3)(4) and (5) of the Constitution of the Federal Republic of Nigeria 1999, One Linas International Limited (a private limited liability company) and the Incorporated Trustees of Association of Local Governments of Nigeria, together with 234 Local Governments as representatives of all the Local Governments and Area Councils in Nigeria commenced suit no. FHC/ABJ/CS/BO/13 on 11-6-2013 in the Federal High Court against the Federal Government of Nigeria to secure the refund to all the Local Governments their share of the monies in the Federation Account unilaterally use…
RIOK (NIG) LTD
V.
INCORPORATED TRUSTEES OF NGF & ORS
(2022) JELR 109925 (SC)
Supreme Court 3 Jun 2022 Nigeria
BriefBot Summary
- The appellant (Riok Nigeria Ltd) claimed entitlement to priority payment from judgment sums awarded to local governments in Nigeria following recovery of the London/Paris Club refunds, pursuant to contracts awarded by the Incorporated Tru
Case Details
Suit Number:SC.337/2018
Judges:Chima Centus Nweze JSC (DISSENTING)
Amina Adamu Augie JSC
Helen Moronkeji Ogunwumiju JSC
Ibrahim Mohammed Musa Saulawa JSC
Emmanuel Akomaye Agim JSC
Counsel:Chief Olusola Oke, SAN, with him, J. M. Mathew, ESQ, and Tolulope Oke, ESQ for the Appellant;
Olumuyiwa Akinboro SAN, with him, Boniface Bassey ESQ. Akinleye Olupitan, ESQ. and Kenneth lweka, ESQ. for the 1st and 2nd Respondents;
Olumuyiwa Akinboro SAN, with him, O.O Omiyere, ESQ. for the 3rd and 4th Respondents;
Dele Oye, ESQ., James Udor Ebe, ESQ. with him, Nkem Ezebunor, ESQ. for the 6th Respondent;
Chief C.P Oli ESQ with him Luther K. Onyejukpa ESQ for the 7th Respondent;
Ikechukwu Duru ESQ with him Damilola Akinlonu, ESQ for the 8th Respondent.
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