The Association of Local Governments of Nigeria (ALGON) has debunked claims mak­ing the rounds in the me­dia that the Federal High Court did not slam a N960 billion Garnishee order against the Federal Gov­ernment and the Central Bank of Nigeria (CBN) in favour of ALGON.
In a statement signed by the Secretary to the Board and acting Director Gen­eral of ALGON, Dr Ted Iseghohi-Edwards and made available to The AU­THORITY yesterday, AL­GON said the claim was a spurious and mischievous speculation.
According to the as­sociation, a Federal High Court presided by Justice A. Ademola on June 27, granted a garnishee order absolute for N960 billion in favour of ALGON against the Central Bank of Nige­ria (CBN) and the Federal Government of Nigeria (FGN)
“Contrary to spurious, mischievous speculation in the news media and more particularly the social me­dia, Justice A. Ademola of the federal high court in Abuja on Monday June 27th, granted a garnishee order absolute for N960 billion ($3.188 billion) in favour of the incorporated trustees of the association of local governments of Nigeria (ALGON BOT) against the Central Bank of Nigeria (CBN) and the Federal government of Ni­geria.
“Hon Justice A. Ade­mola ordered CBN to debit the federal government’s account from funds al­ready set aside by the Cen­tral Bank pursuant to an earlier garnishee order nisi of April 1st 2015 and ware­house same in the Central Bank for and on behalf of the incorporated trustees of the Association of Lo­cal Governments of Nige­ria (ALGON BOT) for the ultimate benefit of all Local Governments in Nigeria in line with the earlier request of the board of trustees,” Iseghohi-Edwards stated.