Connect with us

General

Pension Arrears Payment: Court Fines CBN

Published

on

CBN IMTOs

By Adedapo Adesanya

Justice Osatohanmwen Obaseki-Osaghae of the National Industrial Court sitting in Abuja has fined the Central Bank Nigeria (CBN) the sum of N100,000 over the bank’s replacement of an application filed for a stay of execution on the judgement of the court over the payment of pension arrears to the former Governor of Taraba State, Mr Jolly Nyame; Mr Uba Ahmadu; Mr Abubakar Armayau and Mr Bilkisu Danboyi.

At the court on Monday, counsel to the central bank, Mrs Johannah Titus, said she was withdrawing an earlier motion dated and filed on May 27 to replace it with another filed yesterday.

This was kicked against by Mr Edward Erhinure, counsel to Mr Nyame, who argued that he had already filed a counter-affidavit to the May 27 application and had also spent money to file processes in response to the application, praying the court to award him the sum of N1 million as costs.

However, Mr Confidence Samuel, counsel to the judgment debtor, the Taraba Government, informed the court that he was not opposing the CBN’s application.

While ruling on the matter, Justice Obaseki-Osaghae directed the CBN counsel to move the motion to replace the same with the one filed on Monday and awarded the sum of N100,000 as costs against the bank to be paid before the next adjourned date, October 17 for a hearing of Monday’s application.

In addition to the application of a stay of execution by CBN, it also filed a notice of appeal contesting the garnishee order delivered by the same court on May 24.

A garnishee order is a judicial proceeding of execution or enforcement of monetary judgment whereby money belonging to a judgment debtor, in the hands or possession of a third party known as the ‘Garnishee’ (usually a bank), is attached or seized by a judgment creditor, the ‘Garnisher’, in satisfaction of a judgment sum of debt.

The court in its ruling made an order absolute in the garnishee proceeding ordering the CBN to pay the judgment creditors.

The judgment creditors had filed the suit against the judgment debtor, the Taraba State Government, and CBN, the garnishee debtor, through a garnishee proceeding.

The judgment debtor in a response filed an application filed on January 24, seeking the order of the court to set aside the order nisi (an order that will ripen or take effect at some set date in the future, unless the order is rescinded by a court before that date), granted in favour of the judgment creditors on December 2, 2021.

CBN on its part had objected to the garnishee proceeding by stating that the court did not have jurisdiction to entertain the proceeding.

The garnishee proceeding had emanated from a judgment delivered by the same court on July 12, 2019.

In the judgment, the court had ordered the payment of the sum of N151.1 million, being the unpaid pension arrears of the judgment creditors.

The judgment, which was delivered by Justice Sanusi Kado, was for an unpaid pension from May 2013 to October 2015.

The court, in the said judgment, had ordered 10 equal instalment payments, commencing from July 2019, on a monthly basis until the final liquidation of the total sum.

The judgment creditors were paid the sum of N16.3 million as the first instalment but were never paid again until the expiration of the instalment plan in Nov. 2021.

The judgment creditors, who were former employees of the judgment debtor upon retirement, were paid the sum of N45 million out of their total pension arrears of N196 million.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

General

Tinubu Tasks Acting IGP Disu to Restore Peace, Strengthen Security Nationwide

Published

on

Tunji Disu decorated IGP rank

By Modupe Gbadeyanka

The acting Inspector-General of Police (IGP), Mr Tunji Disu, has been charged to do everything within his powers to restore peace and strengthen security across the nation.

This task was given to the new police chief by President Bola Tinubu after being decorated at the State House in Abuja on Wednesday.

Mr Disu was chosen to succeed Mr Kayode Egbetokun on Tuesday. His appointment is expected to be approved by the Nigeria Police Council and confirmed by the Senate next week.

President Tinubu described Mr Disu’s appointment as coming at a critical moment, urging him to rebuild public confidence in the police’s capacity to do their job in collaboration with other security forces.

“I made this decision for you to assume this responsibility. I know your record. I saw the dedication you exhibited while you were in Lagos when I was governor,” the President said.

“Lead firmly but fairly, demand professionalism at every level and ensure that the safety of lives and property remains our highest priority. It’s a daunting challenge. I know you can do it. You have my word, you have my full support,” he added.

Mr Tinubu urged him to advance the security pillars of his administration’s Renewed Hope Agenda. He expressed confidence in the Acting IGP’s discipline, operational experience and leadership capacity.

“Nigeria is challenged with banditry, terrorism and other criminal activities. You will be part of the thinking and innovation to overcome them,” the President said, reaffirming his belief that Nigeria would prevail under a committed leadership.

The President also paid tribute to Mr Egbetokun, who was present with his spouse, saying, “We are a grateful nation. Nigeria appreciates your contribution to maintaining law and order.”

He urged Egbetokun to be ready to offer useful advice to his successor and wished him and his family peace, good health and success in future endeavours, noting,

“You have not succeeded without a good successor. His success will also be part of your legacy.”

Mr Tinubu urged all security stakeholders to work collectively to safeguard lives and property during this critical period.

Continue Reading

General

Real Estate Sector Now Safe Haven for Fraudsters—EFCC

Published

on

real estate fraud

By Modupe Gbadeyanka

The chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has lamented how “people now defraud the government and individuals and invest in real estate.”

He raised this concern when he received the executives of the Association of Real Estate and Property Managers (AREAPM) in Edo State on Wednesday.

The EFCC chief, represented by the acting Zonal Director and Deputy Commander of the Commission, Mr Sa’ad Hanafi Sa’ad, warned real estate managers against money laundering.

“We have noted with grave concern that fraudsters are laundering money and hiding proceeds of crime through real estate and property. People now defraud the government and individuals and invest in real estate,” he stated.

He noted that the agency would continue to discharge its statutory mandate of bringing those who seek to circumvent the system to book.

“As a commission, we recognise the role of Real Estate and Property Managers. Property Managers are designated non-financial businesses and professions.

“So, we expect them to be professionals and uphold the relevant rules and regulations in the discharge of their duties,” he stated, adding that, “The commission will apply the laws when there is a breach of relevant rules and regulations.”

He assured the AREAPM executives of the organisation’s willingness to collaborate with them in dealing with fraud and criminality in the sector.

“We have a unit, the Land and Property Fraud Section, which attends to issues in that regard. So, when you have challenges, you can report to us,” he stated.

In his remarks, the chairman of AREAPM in Edo State, Mr Akpesiri Michael Egbonoje, stated that the essence of the visit was to seek areas of collaboration with the commission and work out ways of combating real estate financial crimes and fraud in the state.

“Part of our strategy is to familiarise ourselves with law enforcement agencies in the state and seek for collaborative relationships. As a body, we cannot do it alone; we need help in the areas of financial crimes.

“We have tried to sanitise the space, but we realised that your agency is at the apex when it comes to dealing with financial crimes.

“We believe that structured collaboration between AREARM and the EFCC will promote financial transparency, investor confidence, and accountability within the real estate sector.”

Continue Reading

General

Coroner’s Court Fixes April 14 for Inquiry into Death of Chimamanda Adichie’s Son

Published

on

Chimamanda Ngozi Adichie

By Adedapo Adesanya

The Coroner’s Court sitting at the Yaba Magistrate Court has announced April 14, 2026, for the commencement of an inquiry into the death of 21-month-old Nkanu Nnamdi Esege, son of renowned Nigerian author Chimamanda Ngozi Adichie and Dr Ivara Esege.

Magistrate Atinuke Adetunji fixed the date on Wednesday when the matter came up before the court.

The twin child, Nkanu, died on January 7, 2026, after receiving care at Atlantis Hospital and undergoing medical procedures at Euracare Multi-Specialist Hospital in Lagos.

The child was initially admitted to Atlantis Hospital in Lagos for what was described as a worsening but initially mild illness.

The family had sought initial care as arrangements were being made to transfer him to Johns Hopkins Hospital in the United States. Atlantis referred him to Euracare for pre-flight diagnostic procedures, including an MRI, lumbar puncture, and insertion of a central line.

However, the child passed away following the procedures.

His parents have alleged medical negligence and professional misconduct in connection with his death.

According to a leaked internal message sent privately to family members and close friends at the time, Ms Adichie blamed the staff of Euracare Multi-Specialist Hospital, located in Victoria Island, Lagos, for causing the demise of the lad.

“My son would be alive today if not for an incident at Euracare Hospital on January 6th,” she wrote in a broadcast message confirmed later on.

“We have now heard about two previous cases of this same anesthesiologist overdosing children. Why did Euracare allow him to keep working? This must never happen to another child,” she also wrote in the lengthy message.

The 48-year-old writer had her first child, a daughter, in 2016. In 2024, her twin boys were born using a surrogate.

Continue Reading

Trending