The senior lawyer argued that the Oyo State government would not be able to pay the judgment debt in the way and manner ordered by the lower court.
The Court of Appeal sitting in Abuja has referred Governor Seyi Makinde of Oyo State and the embattled former local government chairpersons and councillors in the state to the Alternative Dispute Resolution centre of the court for the settlement of the outstanding N3.4 billion debt.
Mr Akintunde, who informed the three-member panel about a motion for a stay of execution filed, said the matter was about payment of judgment debt. But Adetunbi disagreed, insisting that the state government can pay the money as set out in the judgment.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Subsidy Removal: Makinde Rolls out Palliative Measures for Oyo – THISDAYLIVE
Read more »
Alleged $3.6m Debt: Oil Firms Initiate Contempt Proceedings against Ex-Directors, Others – THISDAYLIVE
Read more »
Reps step down N543.6bn judgment debt paymentThe Chairman of the House Committee on Aids, Loans and Debt Management Ahmed Dayyabu, laid the report on the presidential request on Wednesday but the lawmakers resolved that work had not been concluded on it and stepped down its consideration till the 10th House.
Read more »
N69.4bn debt: AMCON, Jimoh Ibrahim differ on judgementIt said Ibrahim was challenging the seizure of 12 of his assets by AMCON, and freezing of all his accounts over his alleged N69.4bn debt.
Read more »
IMF Deliberates Debt Managers’ QuandaryThe International Monetary Fund (IMF) and the Spanish Ministry for Economic Affairs and Digital Transformation co-hosted the 19th Public Debt Management Forum
Read more »
DMO Gets 3 Awards For Effective Debt Magt StrategiesThe Debt Management Office (DMO) has been honored with three prestigious awards at the EMEA Finance Achievement Awards 2022 for its unwavering commitment to
Read more »