Paris Club Refund: Court Orders Akwa Ibom Govt To Deposit N20b In Bank Over Failure To Pay Mauritz Walton Consultancy Fee.
A Federal High Court on Friday ordered Akwa Ibom State government to deposit the sum of N20bn in three banks, namely First Bank, Guaranty Trust Bank and Zenith Bank, respectively, in respect of a suit filed by Mauritz Walton Nig. Ltd against the government. Mauritz had sued the Minister of Finance, Accountant General of the Federation, Central Bank of Nigeria, and Akwa State government, as the 1, 2, 3, and 4 defendants over the refusal of the government of Akwa Ibom to pay it consultancy fee over the Paris Club Refund. Mauritz challenged the defendants on ground their refusal to abide by the Court's interlocutory order freezing Akwa Ibom State Paris Club Refund Account, pending the determination of suit filed against the state over refusal to pay it consultancy fee on the Paris Club Refund. Mauritz dragged the state before the court seeking the attachment of the said amount as a result of the failure of the state government to pay the applicant 30 per cent of th