• Latest
  • Trending
  • All
  • NEWS
  • Business
  • Politics
  • International
  • Lifestyle
Court blocks Oyo’s accounts over multibillion-naira debt

Court blocks Oyo’s accounts over multibillion-naira debt

March 27, 2023
CAN declares three days of mourning over killings, kidnappings across Nigeria

Northern CAN demands immediate action to stop bloodshed in Plateau

September 22, 2026
Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

September 22, 2026
Trump says Iran peace deal imminent as Tehran says no final decision reached

Iran signals readiness to reopen Strait of Hormuz in exchange for U.S. sanctions relief, de-escalation

September 22, 2026
Nigerian stock exchange on Tuesday coasts to close of N49bn losing day for investors

22 NGX firms rack up N21.3tn debt in Q2

September 22, 2026
Lassa Fever: Nigeria reports 10 deaths, 54 confirmed cases

Lassa Fever death toll rises to 258 as fatality rate climbs to 24%

September 22, 2026
Major television networks suspend White House pool coverage following CNN ban

Major television networks suspend White House pool coverage following CNN ban

September 21, 2026
Houthis push for Yemen highlands as Trump reportedly aborts U.S. airstrikes

Houthis push for Yemen highlands as Trump reportedly aborts U.S. airstrikes

September 21, 2026
JAMB

JAMB terminates staff appointment over extortion of candidates

September 21, 2026
US eases Iran sanctions as peace talks progress, Trump warns against deal violations

Iran warns U.S., allies of sustained retaliation as Middle East tensions intensify

September 20, 2026
China pushes back against U.S calls to slow AI race

China pushes back against U.S calls to slow AI race

September 20, 2026
US, EU to support Nigeria, other nations’ flood victims with €5.4m in aid

NiHSA warns of high flood risk across 15 states in next seven days

September 20, 2026
Trump bars CNN, MS NOW, Politico from White House as reporters are turned away

Trump bars CNN, MS NOW, Politico from White House as reporters are turned away

September 19, 2026
  • About
  • Contact
  • Advert Rates
Tuesday, September 22, 2026
  • Login
  • Register
TheLink News
  • NEWS
    Sudan’s hunger crisis deepens as World Food Programme funding falls by half

    Sudan’s hunger crisis deepens as World Food Programme funding falls by half

    Dangote Refinery launches N2.15tn IPO on Nigerian Exchange

    Dangote Refinery launches N2.15tn IPO on Nigerian Exchange

    NCS grants 90-day entry for foreign-registered vehicles

    NCS grants 90-day entry for foreign-registered vehicles

    President Tinubu calls for electoral reforms, party unity amidst national debate

    President Tinubu calls for electoral reforms, party unity amidst national debate

    ACT NOW’: French President, Macron demands global response to Nigeria’s security crisis

    ACT NOW’: French President, Macron demands global response to Nigeria’s security crisis

    UN and Rights Groups decry ‘racist’ US crackdown targeting Somali diaspora

    UN and Rights Groups decry ‘racist’ US crackdown targeting Somali diaspora

    Nigeria’s insurance reform bill awaits presidential assent amid industry anticipation

    Nigeria’s insurance reform bill awaits presidential assent amid industry anticipation

    SERAP threatens to sue over NCC approved 50 per cent telecom tariff hike

    SERAP threatens to sue over NCC approved 50 per cent telecom tariff hike

    FG investigating Gulf of Guinea as major route for gun-running – NSA

    FG investigating Gulf of Guinea as major route for gun-running – NSA

  • METRO
    • All
    • Anti-Corruption
    • Breaking News
    • City Update
    • Column
    • Crime
    • Education
    • Fact Check
    • Opinion
    • Rule of Law
    • Rural Update
    • Terrorism
    • TheLink Climate
    • TheLink Exclusive
    • TheLink Investigation
    • Trending
    CAN declares three days of mourning over killings, kidnappings across Nigeria

    Northern CAN demands immediate action to stop bloodshed in Plateau

    Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

    Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

    Trump says Iran peace deal imminent as Tehran says no final decision reached

    Iran signals readiness to reopen Strait of Hormuz in exchange for U.S. sanctions relief, de-escalation

    Lassa Fever: Nigeria reports 10 deaths, 54 confirmed cases

    Lassa Fever death toll rises to 258 as fatality rate climbs to 24%

    Major television networks suspend White House pool coverage following CNN ban

    Major television networks suspend White House pool coverage following CNN ban

    Houthis push for Yemen highlands as Trump reportedly aborts U.S. airstrikes

    Houthis push for Yemen highlands as Trump reportedly aborts U.S. airstrikes

    JAMB

    JAMB terminates staff appointment over extortion of candidates

    US eases Iran sanctions as peace talks progress, Trump warns against deal violations

    Iran warns U.S., allies of sustained retaliation as Middle East tensions intensify

    China pushes back against U.S calls to slow AI race

    China pushes back against U.S calls to slow AI race

  • POLITICS
    INEC publishes final list of candidates for January 2027 presidential election

    INEC publishes final list of candidates for January 2027 presidential election

    Nigeria reaffirms zero tolerance for military coups, denies involvement in Niger Republic plot

    Nigeria reaffirms zero tolerance for military coups, denies involvement in Niger Republic plot

    SERAP, editors’ guild threatens court action over foreign aid bill

    SERAP, editors’ guild threatens court action over foreign aid bill

    APC dismisses reports of withdrawal of Tinubu’s 2027 campaign council list

    APC dismisses reports of withdrawal of Tinubu’s 2027 campaign council list

    SERAP seeks World Bank probe into Nigeria’s N121.67tn debt

    SERAP asks INEC to publish political donation limits ahead of 2027 elections

    APC

    APC unveils 223-member 2027 presidential campaign council

    FAAC Shares N1.149tn Monthly Allocation to Fg, States, LGAs

    States receive at least N435bn for infrastructure, security in six months

    Osun 2026: Adeleke, Accord emerge big winners as Oyebamiji, APC camp suffer setbacks

    Osun 2026: Adeleke, Accord emerge big winners as Oyebamiji, APC camp suffer setbacks

    Strait of Hormuz shipping halted again as Iran-U.S tensions stall peace talks

    Iran says Hormuz deal with Oman nears completion, but Strait may remain closed

  • POLICY
    Niger Unrest: President Tinubu orders probe as Governor Bago imposes 24-hour curfew over miners’ deaths

    Niger Unrest: President Tinubu orders probe as Governor Bago imposes 24-hour curfew over miners’ deaths

    AON warns aviation infrastructure may struggle to support industry expansion

    AON warns aviation infrastructure may struggle to support industry expansion

    INEC publishes final list of candidates for January 2027 presidential election

    INEC publishes final list of candidates for January 2027 presidential election

    FG completes $100,000 reward payment to D’Tigress players after historic Afrobasket triumph

    FG completes $100,000 reward payment to D’Tigress players after historic Afrobasket triumph

    FIFA plans new $20bn commercial company as investment proposal sparks UEFA backlash

    FIFA suspends NFF election, says decision on federation’s future still pending

    UK Passport Intervention: Nigerians to pay only official fees, Tunji-Ojo says

    UK Passport Intervention: Nigerians to pay only official fees, Tunji-Ojo says

    NMDPRA moves to fill LPG supply gap, plans imports to stabilize rising cooking gas prices

    Market deregulation, supply limitations driving petrol price volatility, says NMDPRA

    WAEC denies circulating list of 50 schools allegedly sanctioned over 2026 WASSCE malpractice

    WAEC rejects technical glitch claims over 2026 WASSCE results

    Nigeria reaffirms zero tolerance for military coups, denies involvement in Niger Republic plot

    Nigeria reaffirms zero tolerance for military coups, denies involvement in Niger Republic plot

  • BUSINESS
    Nigerian stock exchange on Tuesday coasts to close of N49bn losing day for investors

    22 NGX firms rack up N21.3tn debt in Q2

    Sanusi warns investors against using school fees, home sale proceeds to buy Dangote shares

    Sanusi warns investors against using school fees, home sale proceeds to buy Dangote shares

    Bolt witnesses 92% surge in driver applications in Nigeria after Uber pulls out

    Bolt witnesses 92% surge in driver applications in Nigeria after Uber pulls out

    World Bank appoints Nobel Laureate Michael Kremer as next chief economist

    World Bank appoints Nobel Laureate Michael Kremer as next chief economist

    AI spending fears rattle investors as industry leaders urge caution

    AI spending fears rattle investors as industry leaders urge caution

    J.P. Morgan restores Nigeria to emerging-market bond index after 11 years

    J.P. Morgan restores Nigeria to emerging-market bond index after 11 years

    AON warns aviation infrastructure may struggle to support industry expansion

    AON warns aviation infrastructure may struggle to support industry expansion

    Report: Landing cost of petrol landing drops to N971 per litre

    Petrol prices climb across Abuja as Dangote Refinery raises wholesale rate

    Dangote set to offer dollar-denominated payouts for landmark refinery IPO

    Dangote says refinery shares priced at N525 could climb to N10,000

  • TECH
    OpenAI model breaks sandbox barrier, breaches external company servers

    OpenAI model breaks sandbox barrier, breaches external company servers

    Landmark telescope set for decade-long universe survey, to transform astronomy

    Landmark telescope set for decade-long universe survey, to transform astronomy

    China reclaims world’s fastest supercomputer title, overtakes US in global computing race

    China reclaims world’s fastest supercomputer title, overtakes US in global computing race

    Young innovator secures Lagos partnership to make public toilets easier to find

    Young innovator secures Lagos partnership to make public toilets easier to find

    FG backs Flutterwave IPO with $75m stake as fintech eyes $250m raise

    FG backs Flutterwave IPO with $75m stake as fintech eyes $250m raise

    Humanoid robots surge ahead in Beijing half-marathon, showcasing rapid tech leap

    Humanoid robots surge ahead in Beijing half-marathon, showcasing rapid tech leap

    Nigeria urges ethical use of AI, stronger data privacy safeguards

    Nigeria urges ethical use of AI, stronger data privacy safeguards

    TikTok restricts late-night LIVE access for Nigerian users over explicit content surge

    TikTok restricts late-night LIVE access for Nigerian users over explicit content surge

    ATCON: Right-of-Way challenges, countless taxes, vandalism stunting telecom sector

    ATCON: Right-of-Way challenges, countless taxes, vandalism stunting telecom sector

  • WORLD
    Experimental T-Cell therapy clears metastatic liver cancer in three-year-old boy

    Experimental T-Cell therapy clears metastatic liver cancer in three-year-old boy

    Gunfire targets Rihanna’s Los Angeles home; woman arrested after Police chase

    Gunfire targets Rihanna’s Los Angeles home; woman arrested after Police chase

    Trump removes Kristi Noem as U.S. Homeland Security chief after mounting controversies

    Trump removes Kristi Noem as U.S. Homeland Security chief after mounting controversies

    More than one-third of flights to Middle East cancelled Tuesday as conflict disrupts air travel

    More than one-third of flights to Middle East cancelled Tuesday as conflict disrupts air travel

    Middle East airspace closures strand thousands after Iran strikes

    Middle East airspace closures strand thousands after Iran strikes

    UPDATE: Iran to establish interim leadership council after Khamenei’s death

    UPDATE: Iran to establish interim leadership council after Khamenei’s death

    Iran’s supreme leader killed in U.S-Israel strikes, state media says, succession crisis looms

    Iran’s supreme leader killed in U.S-Israel strikes, state media says, succession crisis looms

    Oil prices dip 1% as U.S. stockpiles rise and Iran talks loom

    Oil prices dip 1% as U.S. stockpiles rise and Iran talks loom

    King Charles III brother, Andrew released as Police raid mansion in misconduct probe

    King Charles III brother, Andrew released as Police raid mansion in misconduct probe

  • ENTERTAINMENT
    Peter Cullen, voice of Transformers’ ‘Optimus Prime’ and Eeyore, dies at 85

    Peter Cullen, voice of Transformers’ ‘Optimus Prime’ and Eeyore, dies at 85

    Dolly Parton, country music legend and beloved entertainer, dies at 80

    Dolly Parton, country music legend and beloved entertainer, dies at 80

    Nollywood rallies behind Ogogo as family seeks urgent cancer treatment

    Nollywood rallies behind Ogogo as family seeks urgent cancer treatment

    Tupac Shakur murder trial begins nearly 30 years after rapper was killed

    Tupac Shakur murder trial begins nearly 30 years after rapper was killed

    David Jonsson takes over as Marvel’s new Black Panther

    David Jonsson takes over as Marvel’s new Black Panther

    Clive Davis, legendary hitmaker behind Whitney Houston, Usher, Alicia Keys dies at 94

    Clive Davis, legendary hitmaker behind Whitney Houston, Usher, Alicia Keys dies at 94

    Veteran actor, Dr. Kola Oyewo of ‘Saworoide’ fame dies at 80

    Veteran actor, Dr. Kola Oyewo of ‘Saworoide’ fame dies at 80

    Shakira, Burna Boy to headline 2026 World Cup opening ceremony with official tournament anthem

    Shakira, Burna Boy to headline 2026 World Cup opening ceremony with official tournament anthem

    FIFA unveils World Cup 2026 anthem ‘Goals’ by Rema, LISA and Anitta

    FIFA unveils World Cup 2026 anthem ‘Goals’ by Rema, LISA and Anitta

    Nollywood star Alexx Ekubo dies at 40 as tributes pour in across entertainment industry

    Nollywood star Alexx Ekubo dies at 40 as tributes pour in across entertainment industry

  • SPORT
    Nigeria’s Falconets crush England 3-0, book place in U-20 Women’s World Cup quarter-finals

    Nigeria’s Falconets crush England 3-0, book place in U-20 Women’s World Cup quarter-finals

    2030 World Cup final row deepens as Morocco, Spain push competing claims

    2030 World Cup final row deepens as Morocco, Spain push competing claims

    FG completes $100,000 reward payment to D’Tigress players after historic Afrobasket triumph

    FG completes $100,000 reward payment to D’Tigress players after historic Afrobasket triumph

    FIFA plans new $20bn commercial company as investment proposal sparks UEFA backlash

    FIFA suspends NFF election, says decision on federation’s future still pending

    NFF moves to hire expatriate coach for Super Eagles

    Gusau, NFF board resign amid mounting crisis

    FIFA infantino 2

    FIFA abandons controversial World Cup investment proposal after global opposition

    CAF to examine FIFA’s investment proposal as debate over football’s commercial future grows

    CAF to examine FIFA’s investment proposal as debate over football’s commercial future grows

    FIFA plans new $20bn commercial company as investment proposal sparks UEFA backlash

    FIFA plans new $20bn commercial company as investment proposal sparks UEFA backlash

    Commonwealth Games ’26: Didih powers Nigeria to fifth gold with historic weightlifting performance

    Commonwealth Games ’26: Didih powers Nigeria to fifth gold with historic weightlifting performance

  • EDITORIAL
    Gains and Gaps: A Reality Check on International Women’s Day By Morayo Nwabufo

    Gains and Gaps: A Reality Check on International Women’s Day By Morayo Nwabufo

No Result
View All Result
TheLink News
No Result
View All Result
Home Business

Court blocks Oyo’s accounts over multibillion-naira debt

by thelink
March 27, 2023
in Business, Rule of Law, Top Stories
Reading Time: 3 mins read
A A
0
Court blocks Oyo’s accounts over multibillion-naira debt
5
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsappShare on Telegram

The Abuja High Court has issued an order attaching funds standing to the credit of Governnor Seyi Makinde’s government and state agencies in four banks.

Justice A.O. Ebong issued the order while ruling on a motion ex parte for garnishee order nisi filed by the ex-chairmen and councillors led by Bashorun Majeed, Bosun Ajuwon and Idris Okusesi.

RelatedPosts

Northern CAN demands immediate action to stop bloodshed in Plateau

Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

Iran signals readiness to reopen Strait of Hormuz in exchange for U.S. sanctions relief, de-escalation

The banks are First Bank, United Bank for Africa (UBA), Wema Bank and Zenith Bank.

Mr Ebong ordered the banks to show cause why the order nisi should not be made absolute.

The ruling on the motion marked FCT/HC/BW/M/238/2023, was delivered by the judge on March 2 and a certified true copy (CTC) sighted on Sunday in Abuja.

The funds, according to court filings, are to settle the outstanding balance of N3,374,889,425.60 from the judgment debt owed some former local government chairmen and councillors sacked on May 29, 2019 before the end of their tenure by Mr Makinde.

The garnishee proceeding, initiated for the chairmen and councillors by their lawyer, Musibau Adetunbi, is in execution of a judgment they got against the governor and six others from the Supreme Court on May 7, 2021.

“A garnishee order nisi is hereby granted to attach the judgment debtors’ accounts with garnishees numbers one to four in the motion ex parte, for the purpose of settling the judgment debt outstanding in the sum of N3,374,889,425.60 as awarded by the Supreme Court and conceded by the judgment debtors in Exhibit 11 attached to the applicant’s motion,” said the court ruling.

It added, “The garnishees (first to fourth) shall file affidavits and attend court on the next adjourned date to show cause why the order nisi should not be made absolute. A copy of this order nisi shall be served on the judgment debtors as required by law. This matter is hereby adjourned to the 4/4/2023 for continuation.”

It was gathered that the judgment creditors have since effected service of copies of the order on the judgment debtors as ordered by the court.

Listed as judgment debtor with Mr Makinde are Oyo attorney general, the commissioner for local government and chieftaincy affairs, the accountant general, the house of assembly, the speaker and the Oyo State Independent Electoral Commission (OYSIEC).

The ex-chairmen and councillors were elected in an election conducted by OYSIEC on March 12, 2018 for a three-year term.

Upon learning that Mr Makinde, who took office on May 29, 2019 had planned to sack them, the chairmen and councillors filed a suit at the state’s high court to challenge the constitutionality of sections 11 and 12 of the Oyo State Local Government Law 2001, which empowered the governor and the house of assembly to dissolve LG executives in the state.

In its judgment on May 6, 2019 the court declared sections 11 and 12 of the state’s Local Government Law 2001 as unconstitutional, on the grounds that it violated section 7(1) of the Constitution.

Despite the subsistence of the judgment, Mr Makinde sacked the chairmen and councillors on May 29, 2019 and subsequently appealed the judgment.

The Court of Appeal, in its judgment on July 15, 2020 set aside the judgment of the high court. The chairmen and councillors appealed the decision at the Supreme Court.

In its judgment on May 7, 2021 a five-member panel of the apex court, presided over by Justice Kudirat Kekere-Ekun, allowed the appeal marked SC/CV/556/2020 and set aside the decision of the appelate court.

The apex court, which awarded a cost of N20 million against Mr Makinde, ordered that the ex-chairmen and councillors, who were unlawfully sacked by the governor, be paid their salaries and allowances from May 29, 2019 to May 11, 2021 when their tenure ought to have expired.

In the lead judgment by Justice Ejembi Eko, the Supreme Court came down hard on Mr Makinde, who it found, acted arbitrarily and undemocratic.

“I will not conclude this appeal without commenting on the disturbing ugly face of impunity displayed by the governor of Oyo state (first respondent herein) on 29th May, 2019, tantamounting to executive lawlessness, outrightly and vehemently condemned by this court in the case of the military governor of Lagos state v. Ojukwu,” said the judge.

He noted that, even before appealing the high court judgment, Mr Makinde on May 29, 2019 “issued imperial directives dissolving all democratically elected local government councils in Oyo state in spite of the subsisting judgment of Oyo state high court in the suit No. 1/347/2017.”

He added, “Series of applications were filed by the judgment creditors, the present appellants, to restrain, particularly the first respondent (the governor), from embarking on the self-help designed to contemptuously frustrate the judgment of the high court. He was not dissuaded. He proceeded in his imperial omnipotency to continue in his untrammelled, albeit invidious contemptuous, disregard of subsisting judgment of the high court.”

Mr Eko stressed that “it is unthinkable that a democratically elected governor would embark on these unwholesome undemocratic tendencies. These tendencies no doubt endanger democracy and the rule of law,” pointing that “it is almost becoming universal phenomena that the democratically elected governors have constituted themselves into a specie most dangerous to democracy in this country.”

(NAN)

Tags: courtOyoSeyi Makinde
ShareTweetShareSendShare
Previous Post

PHOTOS: DSS arrests criminal gang led by retired colonel, recovers arms

Next Post

Adamawa governorship: Binani pleads for review of results by INEC

thelink

thelink

Related Posts

CAN declares three days of mourning over killings, kidnappings across Nigeria
SECURITY

Northern CAN demands immediate action to stop bloodshed in Plateau

by thelink
September 22, 2026
0

The Christian Association of Nigeria (CAN), Northern States and the Federal Capital Territory, has condemned the continued killings and destruction...

Read moreDetails
Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

Poorer nations to face persistent climate impacts even after net-zero milestone, study finds

September 22, 2026
Trump says Iran peace deal imminent as Tehran says no final decision reached

Iran signals readiness to reopen Strait of Hormuz in exchange for U.S. sanctions relief, de-escalation

September 22, 2026
Nigerian stock exchange on Tuesday coasts to close of N49bn losing day for investors

22 NGX firms rack up N21.3tn debt in Q2

September 22, 2026
Next Post
Adamawa governorship: Binani pleads for review of results by INEC

Adamawa governorship: Binani pleads for review of results by INEC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I accept the Privacy Policy

Navigate Site

Follow US :

Facebook Instagram Threads Linkedin X-twitter Youtube

TheLink News

  • About Us
  • Advert Rates
  • Careers
  • Contact

Nation Today

  • The Nation
  • Politics
  • Business
  • International
  • Policy
  • Sport
  • Lifestyle
  • Entertainment

Analysis

  • City Update
  • Anti-Corruption
  • Top Stories
  • Celebrity
  • TheLink Climate
  • Crime
  • Fact Check
  • Entertainment

News Update

  • Top Stories
  • Developing Stories
  • Education
  • TheLink Exclusive
  • TheLink Investigation
  • Column

©2024 TheLink News. All Rights Reserved

Privacy Policy

Terms & Conditions

Webmail

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • NEWS
  • METRO
  • POLITICS
  • POLICY
  • BUSINESS
  • TECH
  • WORLD
  • ENTERTAINMENT
  • SPORT
  • EDITORIAL
  • Login
  • Sign Up

©2024 TheLink News. All Rights Reserved

×