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Fed Govt to stop $418m Paris Club refund payment

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The Federal Government has made moves to block the redemption of about 62 promissory notes issued to consultants/contractors engaged by the Nigeria Governor’s 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 for the issuance of the promissory notes, has prayed a Federal High Court in Abuja to void the notes already issued.

In the suit, now before Justice Inyang Ekwo, the Federal Government and three others, listed as plaintiffs, want the court to, among others, set aside all the promissory notes and issue an order of perpetual injunction restraining the defendants and their agents “from exercising any proprietary rights” over the promissory notes.

Listed as defendants in the suit are: FSDH Merchant Bank Limited, Ned Munir Nwoko, Gregory Nangor Lar, Riok Nigeria Limited, Prince Orji Nwafor Orizu, Olaitan Bello, Dr. Ted Iseghohi Edwards, and Panic Alert Security System Limited.

Other plaintiffs in the suit are: the Attorney General of the Federation, the Minister of Finance, Budget and National Planning, and the Accountant General of the Federation.

The 62 promissory notes, valued at $418,953,668, were issued to the defendants on September 27, 2021 by the Debt Management Office (DMO) following judgments and orders of mandamus obtained against the Federal Government and the Minister of Finance by the defendants, who were said to have been engaged by the Federal Government and ALGON.

The plaintiffs are contending, among others, that the promissory notes are invalid, having been wrongly issued in violation of relevant laws.

They added that although the promissory notes were executed by the then Minister of Finance, Budget and National Planning and the Director General of the DMO, the notes were not signed as required.

The plaintiffs argued that “the promissory notes in issue were wrongly and unlawfully changed on the assets and revenues of the federation instead of the assets and revenues of the states and local governments, who incurred the applicable loans/debts”. 

A Principal State Counsel in the Federal Ministry of Justice, Mr. Oyinlade Koleosho, stated in a supporting affidavit that the promissory notes were wrongly and invalidly issued against the assets of the federation. 

The lawyer averred that sections 314 and 317 of the Constitution have separated the assets of a state or local government from the assets of the federation or the Federal Government of Nigeria.

Koleosho added that the 62 promissory notes issued to the defendants are invalid because they were charged on the assets of the Fed Govt, who is not indebted to any of the defendants (contractors/consultants).

The plaintiffs also claimed that the Federal Government of Nigeria did not engage any of the defendants, saying there is no valid consideration for the promissory notes issued to them (defendants). 

According to court documents, FSDH Merchant Bank Limited was issued 10 promissory notes for the total value of $67,925,661.00, at the rate of $6,499,561.00 per note (allegedly for the benefit of Nwoko).

Gregory Nangor Lar, who is described as Nwoko’s agent, was issued two promissory notes “for the account/benefit of the second defendant (Nwoko) for the total value of $732,511.00 at the rate of $366,256.00 per note”.

Riok Nigeria Limited was issued 10 Federal Government of Nigeria promissory notes issued for the total value of $142,028, 941.00, at the rate of $14,202,895.00 per note.

Prince Orji Nwafor Orizu was issued 10 promissory notes for the total value of $1,219,440.00 at the rate of $121,944.00 per promissory note.

Olaitan Bello is said to have been issued eight promissory notes for the total value of $215,195.00 at the rate of $21,524.00 per promissory note.

Dr. Ted Iseghohi Edwards is said to have got 10 promissory notes for the value of $159,000,000.00, at the rate of $15,900,000.00 per note.

Panic Alert Security System Limited was also issued 10 promissory notes for the value of $47,831,920.00 being the total value of the 10 notes, with a value of $4,783,192.00 per note.

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Police Obeys Court Order to Suspend Tinted Glass Permits Enforcement

The court issued the interim order during a hearing in Suit No. FHC/WR/CS/103/2025 instituted by John Aikpokpo-Martins against the IGP and the police.

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The Nigeria Police Force has announced the suspension of vehicle tinted glass permit because of a court order halting the enforcement for now.

Spokesperson for the Federal Capital Territory (FCT) Police Command, SP Josephine Adeh confirmed the suspension on Wednesday, October 8.

Recall Federal High Court in Warri, Delta State, last week ordered the Nigeria Police Force and the Inspector-General of police (IGP) to suspend the enforcement of the tinted glass permit across the country.

The court ordered the police and the IGP to maintain the status quo and “respect judicial processes pending further proceedings in the matter.”

The court issued the interim order during a hearing in Suit No. FHC/WR/CS/103/2025 instituted by John Aikpokpo-Martins against the IGP and the police.

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My resignation not admission of guilt – Nnaji

My decision to step aside is therefore a personal choice, not an admission of guilt. It is a principled decision to respect the sanctity of due process and to preserve the integrity of the judicial proceedings currently before the court

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The Minister of Innovation, Science, and Technology, Geoffrey Nnaji, says his resignation from President Bola Tinubu’s cabinet is not an admission of guilt but a personal choice.

Nnaji, who was appointed in August 2023, announced his resignation in a letter to the President on Tuesday, expressing appreciation for the opportunity to serve.

This is contained in a statement he signed in Abuja.

Nnaji was appointed as minister by the administration of President Bola Tinubu in August 2023, but resigned amidst controversies surrounding allegations of certificate forgery.

He noted that over the past week, an orchestrated, sustained campaign of falsehood, politically motivated, and malicious attacks was waged against him across print, electronic and social media platforms.

Nnaji emphasized that these unfounded allegations and media distortions not only caused personal distress but also distracted him from work.

He had put in five decades building a reputation anchored on hard work, honour and service to humanity.

Nnaji said that he could not, in good conscience, allow these distortions to cast a shadow over the noble objectives of the present administration.

“My decision to step aside is therefore a personal choice, not an admission of guilt. It is a principled decision to respect the sanctity of due process and to preserve the integrity of the judicial proceedings currently before the court, ” he said.

Nnaji expressed optimism that in the end, justice will vindicate the just.

(VANGUARD)

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Nnamdi Kanu’s Health: NMA Panel To Give Report on 16 October

Acting on the direct order of the Federal High Court, the NMA committee—made up of cardiologists, neurologists, and senior specialists—was tasked with one question: Is Nnamdi Kanu fit to stand trial? ‎‎

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A special medical panel of the Nigerian Medical Association (NMA) now has 16 October to give its report on the health status of Nnamdi Kanu, leader of the proscribed Indigenous People of Biafra, who is on terrorism trial at the Federal High Court Abuja.

‎‎Justice James Omotosho gave the date after the prosecutor, Suraj Sa’aida SAN, informed the Court that the panel of the Nigerian Medical Association (NMA) was not ready. ‎‎

The prosecutor requested for a week to enable it to complete its assignment which was due this Wednesday.

This application was not opposed by the defence lawyers led by Kanu Agabi SAN.

In a short ruling, Justice Omotosho reminded all parties in the case of the court’s stance on accelerated hearing of the matter. ‎‎

The judge however noted that he is inclined to adjourn the matter till 16 October, which will be enough time for the medical panel to complete its job. ‎‎

Acting on the direct order of the Federal High Court, the NMA committee—made up of cardiologists, neurologists, and senior specialists—was tasked with one question: Is Nnamdi Kanu fit to stand trial? ‎‎

The intervention by the court follows weeks of conflicting claims from doctors of the DSS and Kanu’s private physician on his true state of health, amidst claims of deteriorating condition and alleged manipulation of medical records.‎‎

The NMA Committee’s mandate is to examine Kanu directly, both inside DSS custody and, if necessary, in external hospitals.

It must also assess whether DSS facilities are capable of handling his ailments—or if he should be transferred to the National Hospital in Abuja, or another specialized center.‎

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