• Court orders CBN and FG to pay ALGON N960bn

    Court orders CBN and FG to pay ALGON N960bn

    A Federal High Court sitting in Abuja has granted a ‘garnishee order absolute’ for 960 billion Naira against the Central Bank of Nigeria (CBN) and the Federal Government.

    The presiding judge, Justice Adeniyi Ademola, gave the ruling on Tuesday in favour of the incorporated trustees of the Association of Local Governments of Nigeria (ALGON).

    He ordered the CBN to debit the Federal Government’s account from funds already set aside by the apex bank, pursuant to an earlier ‘garnishee order nisi’ on April […]