Nigerian Court Sets Aside Consent Judgement On Payment Of $47m Paris Club Refund

The Chief Judge of the Federal High Court Abuja, Justice John Tsoho, has set aside a consent judgment in favor of Panic Alert Security Systems Limited against the Nigeria Governors’ Forum. <br />Justice Tsoho held that the said consent judgment was entered without jurisdiction in its entirety. <br />The company is one of the beneficiaries of the payment of $418 million to consultants and is said to be for payment for professional services in the Paris Club refund to State Governments. \<br />The state governors had accused the Attorney-general of the Federation (AGF), Abubakar Malami, of alleged involvement in the controversial payment <br />By the ruling, all approvals by the AGF, the president, the minister of finance, the Accountant-General of the Federation, and the Debt Management Office (DMO) arising from, related to, or concerning Panic Alert’s claims have been voided.