April 23, 2024 4:27 pm
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Court Threatens Arrest Warrant for Emefiele Over Paris Club Refund Scandal

Justice Inyang Ekwo of the Federal High Court Abuja, has threatened to issue a warrant of arrest against the suspended Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, over his failure to appear in court to explain the circumstances surrounding the $53 million judgement debt arising from the Pars Club refund.

Justice Ekwo, who ordered Emefiele to appear on the next adjourned date, said he was minded to exercise restraint in the proceeding to give the ex-CBN boss an opportunity to explain himself.

“[…] give his client another opportunity, due to the fact that they had been unable to reach him since the last order, directing him to appear in court.”

Justice Ekwo, on October 20, 2022, ordered the CBN governor to appear in court on January 18 over his alleged refusal to obey the order of the court for the payment of the judgement debt in favour of a legal practitioner, Mr Joe Agi.

Agi had taken Linas International Ltd, Minister of Finance, CBN and Emefiele to court as 1st to 4th judgement debtors, respectively, following an application for garnishee made by him as judgement creditor in the case.

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