A Federal High Court in Abuja has given former Governor of Central Bank of Nigeria (CBN), Godwin Emefiele, until 25th of January to appear in court to explain circumstances surrounding the fifty three million dollar judgment debt arising from the Paris Club refund.
Justice Inyang Ekwo, in a short ruling on Tuesday, gave Emefiele another opportunity to appear in court in person or an arrest warrant issued against him.
The development followed a plea by Emefiele and CBN’s counsel, Audu Anuga, SAN, that all efforts to ensure that his client appeared in person on the order of the court were unsuccessful as he was still in custody.
Anuga, however, told the court that since parties had been exploring settlement before and the CBN had a new governor, they should be allowed to explore settlement options.
Speaking further, the Minister commended President Bola Ahmed Tunubu for creating the Ministry of Marine and Blue Economy, which he revealed is for the creation of jobs and purely for the successful use of resources for growth.
“The best way to go is to develop an industrial area to ensure we are able to produce, bearing in mind the best of quality assurance, so that the product can compete with any other product in the world”, he added.