Sponsored
Politics

Court Orders Oyo Govt To Pay N61m Debt To Nigeria Railway Corporation

Sponsored
Sponsored

In a bid to satisfy judgement sum of N61 million, a Lagos High Court sitting at Tafawa Balewa Square, Lagos, has ordered that N61 million belonging to Oyo State Government domicile with Polaris Bank, be paid to Railway Property Management Company Limited and Nigeria Railway Corporation.

The order of the court was sequel to an application filed and argued before the court by a Lagos lawyer, Dr.Francis Chuka Agbu, SAN on behalf of Railway Property Management Company Limited and Nigeria Railway Corporation.   

In an affidavit in support of the application sworn to by a legal practitioner, Ceasar Anyeabosi, the deponent averred that Railway Property Management Company Limited and Nigerian Railway Corporation instituted legal action against the Governor of Oyo State, and the Attorney General and Commissioner for Justice, Oyo State and Commissioner for Lands and Housing, Oyo State all defendants before the High Court of Oyo State, upon which consent judgement was entered in favour of the applicants.   

The High Court of Oyo State, amongst other things, ordered the defendants to pay the sum of N60 million to the applicants but the defendants failed to comply with the said order of the court thereby necessitating garnishee proceeding.   

The judgement was transmitted by the registrar of the High Court of Oyo State to the Registrar of the Lagos High Court, consequently the judgement was registered by the Lagos High Court, thereafter the Court granted the applicants to enforce the judgement in Lagos State.       

However, the defendants refused to pay the judgement sum of N60 million being the compensatry amount evaluated by both parties to be paid to the applicants.

Anyeabosi averred further that the defendants maintain bank account with the 23 Commercial banks listed before the court, Dr.Agbu then urged the court to issue an order giving effect to the consent judgement as the defendants have not appeal the judgement sought to be enforced by the garnishee proceeding, neither has any application for stay of execution been filed, therefore the interest of justice will be served if the application is granted.     

In his ruling the presiding Judge E.I. Alakija (Mrs) ordered that the sum of N60 million held in any current, savings, revenue or investment accounts in whatever form or name with the listed banks and belonging to or being operated by the Oyo State be attached however named or styled in satisfaction of the judgement debt owed to the applicants.       

The Court also directed the defendants to pay the sum of N1 million as the cost of the garnishee proceeding.

Meanwhile, based on another application filed and argued before the court by Dr Chuka Agbu to make the order absolute, opposed by Oyo State Director of Civil Litigation and Advisory Services, Barrister S. O Adeoye, Justice Alakija, pursuant to the affidavit to show cause by Polaris Bank deposed to by one Abraham Bailey said the Garnishee Order Nisi made in this suit is hereby made absolute attaching the following sum: N60 million being judgement debt N1 million being cost awarded in favour of the judgement Creditor, total sum of N61 million.

Sponsored
Funsho Arogundade

Recent Posts

Mrs. Benedicta Ugochi Alinnor Laid To Rest Amid Eulogies

The Umulolo, Umuokwara Abba community in Nwangele LGA, Imo State, received dignitaries, the clergy, friends,…

10 hours ago

Governor Lawal Announces Nationwide Nutrition Emergency, Unveils National Intervention Fund At Addis Ababa Summit

The 36 state governors have declared a nationwide nutrition emergency and resolved to establish a…

11 hours ago

ONC Unveils 2-Day Programme To Mark 74th Birthday Of Deputy Governor, Prof. Ngozi Nma Odu

The leadership of the Orashi National Congress, ONC, has unveiled a two-day programme of activities…

11 hours ago

President Tinubu Welcomes World Bank’s Latest Report As Yet Another Evidence Reforms Are Working

President Bola Ahmed Tinubu has welcomed the World Bank's October 2026 Nigeria Development Update, titled…

13 hours ago

Actress Lizzy Anjorin Lawal Issues Cease And Desisit Notice To Iyabo Ojo, Priscilla, Bloggers

  Nollywood actress and businesswoman, Chief (Dr.) Lizzy Anjorin-Lawal, popularly known as Lizzy Anjorin, has…

13 hours ago

Amb. Emeni Ibe Felicitates With Sister-In-Law, Mrs. Bridget Daddy Nweye On Birthday

The President General of the Orashi National Congress, ONC, Amb. Comrade Emeni Ibe, JP, AP,…

13 hours ago
Sponsored