The Osun State Government has challenged a court order restricting some of its bank accounts over a $13.9 million arbitration award. The Federal High Court in Lagos had ordered commercial banks to place a “Post No Debit” restriction on affected accounts in connection with an arbitration dispute involving Gamji Nigeria Company Limited. The company is seeking enforcement of an arbitration award involving water infrastructure projects. The amount involved was reported as $13,924,343.32 and ₦157.5 million. The state government has now asked the court to set aside the restriction. Osun officials have disputed the circumstances surrounding the order and are challenging the legal basis for the restriction. The dispute has attracted political attention because of its potential implications for the state’s finances. Government accounts are used to finance salaries, infrastructure projects, public services and other obligations. Any prolonged restriction could therefore create concerns about the state’s ability to meet its financial responsibilities. However, the court proceedings remain ongoing and the latest order does not represent a final determination of all the issues involved. The state government’s application will now be considered by the court. The legal battle is expected to remain a major issue in Osun’s political and economic affairs as the government seeks to protect its finances while resolving the dispute.
Similar Posts
QUESTIONS EMERGE OVER REPORTED CLASH BETWEEN SOLDIERS AND POLICE IN PLATEAU
Reports of a possible confrontation involving military personnel and police officers in Plateau State have drawn attention to the importance of coordination among Nigeria’s security agencies. The military and police perform different but complementary roles in maintaining public order, protecting lives and responding to security threats, when personnel from different agencies become involved in a…
“Who Gave You Audacity?” – Rep Chinedu Ogah Blasts Cubana Chief Priest, Asks EFCC To Probe Him Over Gov Nwifuru Comments
A fresh political drama is brewing in the South-East after popular socialite Pascal Okechukwu, better known as Cubana Chief Priest, clashed with Ebonyi State Governor Francis Nwifuru and was hit with a fiery response from federal lawmaker Hon. Chinedu Ogah. The controversy began days ago when Cubana Chief Priest publicly called on Governor Nwifuru to…
ATIKU CHALLENGES TINUBU OVER REPORTED ₦150 MILLION SUVs FOR APC YOUTH LEADERS
Former Vice-President Atiku Abubakar has challenged President Bola Tinubu and the Presidency to explain the funding behind the reported distribution of luxury sports utility vehicles to selected youth leaders of the All Progressives Congress (APC), the controversy has triggered fresh political debate over transparency, the use of resources and the priorities of political leaders at…
“NIGERIA’S PROBLEM IS POVERTY, NOT RELIGION” — SEYI MAKINDE URGES CHRISTIANS TO ENGAGE IN POLITICS
The Oyo State governor has called on Christians to participate more actively in politics, arguing that poverty and national development deserve greater attention than religious divisions. Oyo State Governor Seyi Makinde has urged Nigerians to look beyond religious differences and focus on the economic and social problems affecting the country. Makinde reportedly made the remarks…
2027 Elections: INEC Begins PVC Collection as Voter Register Tops 103 Million
The Independent National Electoral Commission (INEC) has commenced nationwide Permanent Voter Card (PVC) collection activities as preparations intensify for Nigeria’s 2027 general elections. INEC Chairman, Prof. Joash Amupitan, disclosed this on Monday in Abuja at a strategic workshop for editors organised by the Nigerian Guild of Editors (NGE) in collaboration with the commission. Following the…
