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Nairaland Forum / Nairaland / General / Politics / CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order (39747 Views)
Judge Threatens To Order Emefiele’s Arrest Over $53m Debt / $800m Garnishee Order Killing FCTA Economy, Says Wike / Court Summons Emefiele Over $53m Paris Club Debt (2) (3) (4)
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CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by ijustdey: 8:26pm On Jan 12, 2020 |
The Governor of Central Bank of Nigeria, Mr. Godwin I. Emefiele risks being committed to prison for failing to honour a Garnishee Order Absolute to pay the balance of $53m due and payable under the said Order to Mr. Joe Agi (SAN) and team of lawyers that facilitated the Paris Club fund matter for the Federal Government. https://m.guardian.ng/news/cbn-governor-risks-prison-over-53m-garnishee-order/
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Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by chiemmanuel(m): 9:06pm On Jan 12, 2020 |
The amount of money being quoted makes me think how Nigeria became the poverty capital of the world 84 Likes 8 Shares |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Godpikin4real(f): 9:12pm On Jan 12, 2020 |
Really? Like seriously? 11 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by TRUSTEDGUY: 9:13pm On Jan 12, 2020 |
This is serious but leave more questions than answers wenti concern CBN and lawyers. Wenti dem do way worth 53m naira? 8 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by TGM2015: 9:13pm On Jan 12, 2020 |
Looking for every means to milk Nigeria. This man knows those judges that can do dirty jobs for him. When you know the kind of person a man is, you will surely know the motive behind every of his actions. Mr Joe Agi, a Senior Advocate of Nigeria has opened up on the $30,000 he deposited in the account of the suspended Chief Justice of Nigeria Justice Walter Onnoghen. 10 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by debbysure01(m): 9:13pm On Jan 12, 2020 |
We only hear of figures in Nigeria....You wonder where those money go afterwards... Check my signature 5 Likes
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Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by SpatialKing(m): 9:13pm On Jan 12, 2020 |
So? As long as he has Buhari's support no body can send him to prison. 11 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by IdJack(m): 9:13pm On Jan 12, 2020 |
Hmmm.. Wonders |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by phayvoursky(m): 9:13pm On Jan 12, 2020 |
The kind of money they call in this country baffles me. Customs made over 1 trillion naira in 2019... yet the system is archaic, the citizens are poor. God cannot help Nigeria if we can't help ourselves. 41 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Ashawoboi27(m): 9:14pm On Jan 12, 2020 |
Joke 1 Like |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by bunchyproject(m): 9:14pm On Jan 12, 2020 |
Life changing figure... Inside every 100 Nigerians, 97 are criminals or have criminal tendencies. |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Raxxye(m): 9:14pm On Jan 12, 2020 |
53 million dollars? Dat one no pass Nigerian budget so? Dem wan wreck dis kontri enter ground? Oya na, let Emefiele use the stamp duty of 50 naira, ATM withdrawal charges of 65 naira and other sundry charges and extortions that he placed on Nigerians to clear it. I wish they will jail.him sef. Worst CBN governor Nigeria has ever had! 9 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by lonelydora: 9:14pm On Jan 12, 2020 |
These guys should take it easy when quoting figures in the poverty capital of the world. 12 Likes 2 Shares |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by davidodiba(m): 9:14pm On Jan 12, 2020 |
When the Dullard wants to get rid of the last non Muslim standing, certain things begin to creep out of creepy places 13 Likes 2 Shares |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Cutehector(m): 9:14pm On Jan 12, 2020 |
Nna, ndia jikwe ego oooooo |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Osi01(m): 9:15pm On Jan 12, 2020 |
Nigeria and big, big figures are like 5&6
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Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by INTEGRITYA1(m): 9:17pm On Jan 12, 2020 |
Court order the CBN to pay 20% of the Paris club fund to the team of lawyers involved in the case but CBN Governor pay lesser amount to them. But did this $53m represent the whole 20% of the said amount or the balance of the amount paid so far. Lot of figures all over the places and doesn't reflect in the lives of common Nigerians. Las Las somebody might be jailed for disobeying court order which is very common with this current administration. I didn't mention anybody, I beg o. 4 Likes |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by pocohantas(f): 9:17pm On Jan 12, 2020 |
98.1251% of people that have commented and would comment, do not understand the news. Neither do they know what is a Garnishee order absolute. In simple terms- Garnishee order arises when a court instructs a third party (the bank) to pay a creditor a certain sum on behalf of the debtor. In this case, CBN is to pay a team of lawyers on behalf of FG (debtor). GTB has a similar case with Innoson. Failure to do so will attract consequences. What I don't understand is why Emefiele would go to jail. What happened to entity concept? Emefiele is different from CBN. It is just like Segun Agbaje going to jail for failure to pay Innoson a sum. Abi, somebody epp me out. 47 Likes 2 Shares |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by HazzanTazzan(m): 9:18pm On Jan 12, 2020 |
What kind of nonsense is this? People wey embezzle sef never go prison, na cbn governor go go prison cos of money wey no be him own and he doesnt have power to give approval on... SMH... We are still buying original gadgets, accessories, phones and wears for you from amazon and ebay... Send in your links
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Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Dobson43: 9:18pm On Jan 12, 2020 |
Nigeria is a script written by a drunk and evil man. 7 Likes
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Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Ogegeodey(m): 9:18pm On Jan 12, 2020 |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by meum: 9:19pm On Jan 12, 2020 |
pocohantas: |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Emilokoiyawon: 9:22pm On Jan 12, 2020 |
This is how garnishee order works. Lets say Mr. Okeke owes Mr. Obinna 20 000 naira. Now Mr Okeke is employed by Mr. Chukwudi. So the court tells Mr. Chukwudi to remove 20 000 naira from Mr. Okeke's salary to pay Mr. Obinna. Mr. Chukwudi (Mr. Okeke's employer) is the third party who is directed by the court to pay the debt owed by Mr Okeke to Mr. Obinna. In this case CBN governor, Emefiele, is the third party. And the federal government is the one that owes money to the team of lawyers. So the court has instructed the CBN governor to take money that 'belongs' to the federal government and use it to pay the money owed to the team of lawyers. Garnishee orders are very common with child support payments. If a parent fails to pay child support, the court might tell the parent's employer to take money (owed to him in salary) and use it to pay his child support debt. 27 Likes 1 Share |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Ebenezar2020(m): 9:22pm On Jan 12, 2020 |
he should be arrested, prosecuted and thrown to Kuje sharp sharp. No breathing space for looters in Sai Baba's administration. God bless Buhari. I know Immhotep Lzaa will still wail on this. |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Udemyacc: 9:23pm On Jan 12, 2020 |
This country get as e be sef You want to get a skill in web development and WordPress? Or Adobe illustrator? I can give you access to premium courses for 2,500naira on udemy. Check my signature for contact |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by yomalex(m): 9:24pm On Jan 12, 2020 |
Hmm |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Raxxye(m): 9:24pm On Jan 12, 2020 |
[quote author=ModAvoidMe post=85742320][/quote] 2043? Lol |
Re: CBN Governor, Emefiele Risks Prison Over $53m Garnishee Order by Decolonel(m): 9:24pm On Jan 12, 2020 |
Oh mehn, these guys get mind dey siphon this kin money alone. I propose death penalty for all corrupt politicians found guilty of embezzlement of public funds |
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