The Supreme Court has dismissed a lawsuit filed against the Federal Government over the management and distribution of recovered looted funds.
The suit was filed by the 36 state governments and the Nigeria Governorsβ Forum (NGF).
Delivering judgment in the high-profile constitutional dispute, a seven-member panel of the apex court held unanimously that the case was wrongly brought before it. In the lead judgment prepared by Justice Chidiebere Uwa and read by Justice Mohammed Idris, the court ruled that the matter fell under the exclusive jurisdiction of the Federal High Court.
The suit, marked SC/CV/395/2021, sought to challenge the Federal Governmentβs alleged failure to remit approximately N1.8 trillion in cash and other assets recovered between 2015 and 2021 into the Federation Account, as constitutionally required.
According to the plaintiffs, βbetween 2015 and 2021 when the suit was filed, the FG has secured both international and municipal forfeiture, recovery and repatriation of βstolen assetsβ in the sum of N1,836,906,543,658.73, about 167 properties, 450 cars, 300 trucks and cargoes, and 20,000,000 barrels of crude oil worth over N450 million,β which they alleged were diverted into unauthorised accounts.
They accused the Federal Government of bypassing the Federation Account by channelling the funds into the Consolidated Revenue Account (CRA) and other accounts not recognised by the Nigerian Constitution.
The states maintained that βit is unconstitutional to remit or divert revenue payable into the Federation Account to the Consolidated Revenue Account of the Federal Government or any other account whatsoever, or to apply the said revenue to any other purpose.β
WARNING: If You Are Not 18+, Don’t Click The Link Below ππ«£Β
https://disloyalmoviesfavor.com/m3e85u39j?key=f0014e9d9438d5115e4d66e73ca3f04b
https://poawooptugroo.com/4/8902554
Please donβt forget to βAllow the notificationβ so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and donβt forget to share the post.
Never Miss A Single News Or Gist, Kindly Join Us On WhatsApp Channel:
https://whatsapp.com/channel/0029Vad8g81Eawdsio6INn3B
Telegram Channel:
https://t.me/gistsmateNG