News
SWF: States, FG Know Fate Nov
The Supreme Court yesterday fixed Nov. 21 for the federal
and state governments to brief it on the out-of-court settlement option over
the one billion dollars (N5.5 trillion) Sovereign Wealth Funds controversy.
Justice Christopher Chukwuma-Ene gave the date after parties
had briefed the court on the latest steps toward amicable settlement of the matter.
“The court shall for the last time indulge parties with the
application for adjournment filed by the defendant.
“This matter is, therefore, adjourned to Nov. 21 for parties
to brief the court on the finality of the settlement option.
“The court shall, however, commence hearing of the case if
agreement was not reached on that date,’’ he said.
Earlier, counsel to the defendant (Federal Government), Mr
Austin Alegeh (SAN), said his client
required a short adjournment to understudy the fresh proposal for a new term of
settlement issued to it by the plaintiffs (36 states).
“We need to study the new proposal because it contains fresh
items that need to be investigated. We are praying that agreement could be
reached because my client is amenable to the out-of-court settlement,’’ he
said.
Counsel to the states, Chief Andrew Awomolo (SAN), however, urged the court to make the
adjournment the last one on the matter.
News
HoS Hails Fubara Over Provision of Accommodation for Permanent Secretaries
News
Allegation of Disrespect to President Tinubu Unfounded — Rivers Government
News
Rivers Government Dismisses Allegations of Disrespect to President Tinubu
-
Politics1 day agoPFN Rejects Call For INEC Chairman’s Removal Over Genocide Comments
-
Sports1 day agoEnekwechi wins Orlen Cup in season opener
-
Rivers1 day agoFasthire, PHCCIMA, CIPM Host CareerFest 2026 In PH
-
Sports1 day agoFalconets, Senegalese Lionesses arrive Ibadan for qualifier
-
Sports1 day agoSimba open Nwabali talks
-
Politics1 day agoHoodlums Disrupt LP-ADC Defection Event In Lagos
-
Niger Delta2 days agoStakeholders Task INC Aspirants On Dev … As ELECO Promises Transparent, Credible Polls
-
Niger Delta1 day agoTinubu, Jonathan, Diri Pay Last Respect To Ewhrudjakpo
