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Supreme Court Hears SWF Suit, September 25
The Supreme Court recently fixed September 25 to commence definite hearing in the suit filed by the 36 states of the federation challenging the legality of the transfer of $1bn to the Sovereign Wealth Fund.
The Chief Justice of Nigeria (CJN), Justice Dahiru Musdapher, fixed the date after it became clear to the court that the parties involved were not willing to resolve the contending issues out of court.
The plaintiffs brought the suit against the Federal Government on what they described as alleged illegal transfer of 1 billion Dollars from the Excess Crude Account to the Sovereign Wealth Funds.
The Federal Government, through its Counsel, Mr Austin Alegeh (SAN), had asked the court to give parties time to settle the matter out of court.
At the resumed hearing, Chief Adegboyega Awomolo (SAN), told the court that the Attorney General of the Federation (AGF), Mr Mohammed Adoke, had not created time for out of court settlement.
He, therefore, prayed the court to give the parties a date for definite hearing, adding that the government had trivialised the matter.
He also prayed the court for an order restraining the Federal Government from further spending from the excess crude account.
The counsel told the court that the accountant general of the federation had last week threatened to remove another N2 billion from the account.
Awomolo sought for an order of the court for all parties to maintain ‘status quo ante’ pending the determination of the suit.
The counsel to the Federal Government, however, submitted that the deductions from the account had always been at the instance of the states.
He added that he had filed an application challenging the jurisdiction of the court to entertain the suit.
On the alternative, Alegeh prayed the court to compel the plaintiffs to sign an undertaking not to request for any funds from the Federal Government until the suit was resolved.
Our source recalls that the 36 states of the federation had accused the Federal Government of insincerity in its promise to settle the case out of court.
At the last adjourned date, Mr Yusuf Alli (SAN), who had represented the states, told the court that his clients wanted the issue resolved once and for all.
He said that “almost all the issues have been resolved”, noting that the outstanding issues could still be resolved out of court by the parties.
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
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