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ABU’s N2.5bn judgment debt: Court rules on CBN’s garnishee application July 20

The National Industrial Court, Abuja, on Thursday fixed July 20, to rule on CBN’s affidavit why the account of Ahmadu Bello University (ABU) Zaria, domiciled with the should not be garnished.
Justice Rakiya Haastrup during the last adjourned date had ordered the CBN to show cause.
The apex bank’s counsel, Ekokoiesua Urua, filed an affidavit, on why the account should not be garnished.
ABU, the judgment debtor through its counsel, Kayode Amodu, filed an application, urging the court to set aside the garnishee proceeding.
He argued that there was a motion for stay of execution pending before the Court of Appeal.
Femi Adedeji, counsel to the claimants, on his part, contended that the application before the Court of Appeal was for extension of time.
He argued that until the application was granted by the Court of Appeal, the application for motion of stay would not come up.
After listening to the submissions of counsel, the judge ordered that all applications be argued on the adjourned date.
The News Agency of Nigeria (NAN) recalls that the appointments of 110 ABU workers were terminated in 1996, when the institution was run by a sole administrator.
They approached the court in 2012, after failure of the institution to implement the recommendations of various Visitation Panels, which recommended that they be reinstated and all their entitlements paid.
The court ruled in favour of the workers in 2015, and ordered the university to reinstate them and pay their entitlements, which amounted to N2.5bn.
Non-compliance with the court judgment necessitated the garnishee order on the institution’s bank accounts. (NAN)

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