The Central Bank of Nigeria (CBN) has asked a Federal High Court in Owerri not to make absolute the temporary garnishee order it granted six chiefs representing the Ogoni community, compelling it to pay the sum of N122.53 billion on behalf of First Bank of Nigeria Limited (FirstBank).
CBN's lead counsel, Professor Fabian Ajogwu (SAN) while responding to a new suit filed by the judgment creditors (Ogoni chiefs) seeking to commit FirstBank, its chairman, Mrs. Ibukun Awosika, and managing director, Dr. Sola Adeduntan, to prison for alleged contempt for not paying them the sum of over N122.53 billion, stated that making the order absolute and compelling the CBN to pay out the huge sum would be against the interest of justice because the matter was still pending at the Supreme Court.
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