Court Adjourns Emefiele’s Case to January 25 Over $53 Million Debt
By Adeke Chukwuka
A Federal High Court in Abuja has issued a statement, setting January 25 as the deadline for former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, to appear in court and clarify the situation concerning the $53 million judgment debt linked to the Pars Club refund.
In a brief ruling on Tuesday, Justice Inyang Ekwo provided Godwin Emefiele with another chance to appear in court in person; otherwise, an arrest warrant would be issued against the former CBN governor.
Despite pleas from Emefiele and CBN’s counsel, Audu Anuga, SAN, to ensure Emefiele’s court appearance, efforts failed due to his custody. Anuga filed an affidavit explaining why an arrest warrant shouldn’t be issued, with the submission made on October 30.
Justice Ekwo then inquired if I.A. Nnana, representing the judgment creditor/applicant, had been served with the affidavit.
Nnana confirmed being served on Monday, close to the end of the workday, and expressed the intention to respond. The judge, cautioning against late filings, noted the case started on July 19.
The senior lawyer explained that efforts were made until October 27 to secure Emefiele’s release following the court order, but the order was not complied with, leading to the affidavit filing.
Despite Anuga’s request to explore a settlement due to a new CBN governor, Justice Ekwo insisted on Emefiele’s appearance on the next adjourned day. The judge emphasized the importance of court orders and extended the deadline until January 25 for Emefiele to explain why an arrest warrant should not be issued against him.
In an affidavit filed on behalf of Godwin Emefiele, deposed by Jeremiah Utaan from CBN’s Legal Department, it was stated that Emefiele couldn’t appear in court due to his continued detention by the Department of State Service (DSS) since June 10.
He said Emefiele’s absence on the last adjourned date, July 19, was due to circumstances beyond his control and not out of disrespect for the court. The judge had earlier threatened to issue an arrest warrant but allowed restraint to give Emefiele a chance to explain his situation.
Justice Ekwo had initially ordered CBN Governor Emefiele to appear in court on January 18 due to his alleged refusal to comply with a court order for payment of a judgment debt to legal practitioner Joe Agi, SAN.
The proceedings were rescheduled for March 20 and later for June 6. On June 6, the judge ordered Emefiele to appear in court on July 19, but due to Emefiele’s continued detention, the judge allowed further adjournment.
CBN Governor Emefiele was suspended by President Bola Tinubu on June 9, with his duties transferred to the deputy governor.
The next day, he was arrested and detained by the DSS. Subsequently, on October 26, he was arrested again by the EFCC, which was investigating alleged impropriety during his tenure as the head of the apex bank.
Follow Our Activities On Facebook
32 minutes ago
1 hour ago
#BigBrotherNaija “Level Up” Week 6
Though last Sunday Sunday was meant to be a “no-eviction” day, it came as a shocker when fake housemate, Modella…
Dating in 2022; Situationships Are Not For The Fainthearted
Situationships are defined as that space between a defined relationship and something other than a friendship. It is a romantic…
20 Questions With Dinta Media’s Visual Storyteller, Chimeremogo Nwoke
Dinta Media is not really just a media production brand but we like to see ourselves as a hub for…
How Are Nigeria’s Small Businesses Coping?
The current rising rate of inflation and other burdens against the Nigerian economy speaks to the realities of the times.
Thrifting Is All The Rave Now, Here’s Why
By Amy Adindu The affordable clothing movement has gained global attention and acceptance as we’re all trying to look like…
#BigBrotherNaija “Level Up” Week 2
Week 2 of the highly watched Nigerian TV show kicked off with an early plot twist. On Sunday, Big Brother…
#BlueTunes: Burna Boy, Omah Lay Top Album Picks For July
July was a promising month for music lovers; from Lizzo’s album titled Special and Imagine Dragons’ Mercury, (Acts 1 &…
#BlueTunes Album Picks For June
Gbagada Express – Boj Bolaji Odojukan, popularly known as BOJ, was raised both in England and Nigeria. He shot to…
“A Creative’s Dream” with Jeff Chinonso
On the 26th of June 2022, Jeff Chinonso hosted his first solo art exhibition. The Augmented Reality exhibition themed “A…
Nigerian API-based company Thepeer raises $2.1 million
Tech infrastructure startup Thepeer has raised a $2.1 million seed round according to a report from TechCabal. Thepeer, a Nigerian…
Dika Ofoma, Ugochukwu Onuoha take on grief in Debut Film “The Way Things Happen”
The twenty-minute film focuses on the loss of a loved one, and how grief changes a person.
Nigerian Startups might just be Crippled by a Recently Leaked bill
Over the years there has been talks of amendment on the 2007 Act of the National Information & Technology Agency (NITDA).
Why We Love Kelechi Amadi Obi
The definition of talent is Kelechi Amadi’s iconic story. Imagine a person who studies law in school, gets called to Bar, and leaves it all for something different and unrelated…Painting!