COURT STOPS FG OVER IMPLEMENTATION OF ABACHA LOOT PACT

Written by on January 13, 2021

THE FEDERAL HIGH COURT, SITTING IN ABUJA, HAVE RESTRAINED THE FEDERAL GOVERNMENT FROM TAKING FURTHER STEPS IN THE APPOINTMENT OF CONSULTANTS TO MONITOR PROJECTS BEING FUNDED WITH THE REPATRIATED $300 MILLION ABACHA LOOT.

JUSTICE INYANG EKWO, IN A RULING, DIRECTED THAT THE ORDER ON THE IMPLEMENTATION OF THE ABACHA LOOT TRIPARTITE AGREEMENT BETWEEN NIGERIA, THE UNITED STATES AND BAILIWICK OF JERSEY, WILL SUBSIST PENDING THE HEARING OF THE MOTION ON NOTICE FILED BY PPP ADVISORIES CONSORTIUM.

PPP ADVISORIES CONSORTIUM, IN A SUIT INSTITUTED ON NOVEMBER 3, 2020, IS CHALLENGING THE SELECTION PROCESS IN WHICH FOUR FIRMS OUT OF 17 EMERGED WINNERS OF BIDS TO MONITOR THE PROJECT.

THE $300 MILLION REPATRIATED TO NIGERIA IS TO BE USED AS PART OF THE FUNDING FOR THE COMPLETION OF THE SECOND NIGER BRIDGE, THE ABUJA-KANO DUALISATION AND THE LAGOS-IBADAN EXPRESSWAY.

THE COURT, CONSEQUENTLY MADE AN ORDER FOR ALL PARTIES IN THE ACTION TO MAINTAIN STATUS QUO AND NOT TAKE ANY STEPS TOWARDS IMPLEMENTING THE SUBJECT MATTER OF THE DISPUTE PENDING THE HEARING OF THE MOTION ON NOTICE SLATED FOR JANUARY 21, 2021.


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