Friday, January 22, 2021
Home NEWS CBN Governor,Godwin Emefiele risks two years jail term over N182 billion debt

CBN Governor,Godwin Emefiele risks two years jail term over N182 billion debt

CBN Governor,Godwin Emefiele risks two years jail term over N182 billion debt

The Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele, risks a two-year jail term over refusal to pay N182 billion judgement debt.

A contempt charge of two years imprisonment was filed against Emefiele to order payment of N182 billion naira to Ogoni people as ordered by a law court.

The 182 billion naira was awarded against oil giant Shell Petroleum over the devastating oil spill, caused by the Ogoni land by the company.

The Ogoni people represented by Chief Lucious Nwosu SAN, filed the contempt charge praying the Federal High Court in Abuja to commit Emefiele to prison for allegedly disregarding order of court that awarded the money to the aggrieved Ogoni people.

On Wednesday, counsel to the Ogoni people, Nwosu expressed disgust over the absence of the CBN governor in court.

Nwosu informed the trial judge, Justice Taiwo Taiwo that the charge against Emefiele is quasi -criminal in nature and warranted the physical presence of the CBN governor to answer the charge.

However, Damian Dodo, counsel to Emefiele, informed the court that it was not the habit of his client to underrate the court of law and assured that Emefiele will do the need at the appropriate time.

Justice Taiwo, after listening to arguments, adjourned the matter till January 26, 2021.

The judge directed that Emefiele and all those involved in the matter should obey court order during the next adjourned date.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST NEWS

Armed bandits have attacked a community in Adamawa State and left one resident dead.

Armed bandits have attacked a community in Adamawa State and left one resident dead. It was gathered Monday morning...

Adamawa government calls for the immediate closure of schools

Adamawa government calls for the immediate closure of schools The Adamawa State Government has directed the closure of all...

Korede Bello suprises his manager with a brand new Lexus car

Korede Bello suprises his manager with a brand new Lexus car Mavin Records signee, Korede Bello has surprised his...

Singer Seyi shay,prays to God to provide her a man that prays and pays

Singer Seyi shay,prays to God to provide her a man that prays and pays Nigerian singer and songwriter Deborah...

Nigerian government officially declares second wave of COVID-19

The Presidential Task Force (PTF) on COVID-19, on Thursday, officially declared the second wave of the virus in Nigeria.

Buhari orders for immediate reopening of Nigeria’s land borders.

Buhari orders for immediate reopening of Nigeria’s land borders President Muhammadu Buhari on Wednesday ordered the immediate opening...

Minister of Health,Ehanire reveals when Nigerians will start getting COVID-19 vaccine

Minister of Health,Ehanire reveals when Nigerians will start getting COVID-19 vaccine The Minister of Health, Osagie Ehanire, has disclosed...

CBN Governor,Godwin Emefiele risks two years jail term over N182 billion debt

CBN Governor,Godwin Emefiele risks two years jail term over N182 billion debt The Governor of the Central Bank of...

Regina Daniels’ Mom, Rita,was Awarded Nollywood Personality Of The Year

Regina Daniels’ Mom, Rita,was Awarded Nollywood Personality Of The Year Veteran Nollywood actress, Rita Daniels has been awarded the...

My boyfriend won N2 million from betting and Only gave me 20k instead of N1 million.

The young lady revealed that her boyfriend recently won the sum of ₦2 million from betting. The lady went on to express...