3.4 billion Norwegian debt: Attorney General Oyo confuses Makinde's claim

3.4 billion Norwegian debt: Attorney General Oyo confuses Makinde's claim

The Oyo State Accountant General, Mrs. KO Adegoke, has said that Oyo State Governor Seyi Makinde has no means of paying the N3.4 billion owed to former local government area chairmen and councilors who were removed from office on May 29. denounced the claim. , 2019.

Mr Adegoke’s position is contained in new documents filed by one of the state’s bankers at the High Court of the Federal Capital Territory (FCT) in foreclosure proceedings initiated by former council chiefs and others.

Foreclosure proceedings have been filed against Makinde, Oyo states and others following the judgment of the Abuja Court of Appeal dated December 8, 2023, ordering the governor to pay his debt, which currently stands at N3,425.3 million. started.

Oyo AG said in court papers that there were sufficient funds in the state account of First Bank of Nigeria Limited and that the bank was directed to set aside N3,425.3 million for settlement of outstanding judgment debts. revealed that it was.

In its May 7, 2021 judgment, the Supreme Court declared Makinde’s dismissal of council officials before the expiry of their three-year term to be illegal.

The Supreme Court also ordered him to be paid the salary and benefits he should have earned during his tenure, which the Oyo State government later estimated at N4,874,889,425.60.

The governor approved the payment of N1.5 billion in 2022, bringing the outstanding amount to N3,374,889,425.60.

Mr. Makinde then applied to the FCT High Court through a petition filed on April 3, 2023, praying for permission to pay the outstanding debt in six monthly installments of N300 million; Justice Anote Ebong rejected the request.

He argued in his motion, among other things, that Oyo State does not have the wherewithal to pay the judgment debt and that the state would not be able to meet its obligations if the debt was paid in a manner other than his proposal. Ta.

Source: dailypost.ng

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