Ogun Ordered To Pay N4bn For Executed Project
Posted: 26/Jul/2021

A Federal High Court sitting in Abeokuta has ordered the Ogun State Government to pay the sum of N4,185,000,000  into its interest-yielding account within 14 days.

The order was given in a case, which came up on Friday and involved the state government and Bond Investment and Holdings Limited.

The court ordered the state government to pay the sum of the arbitral award with interest of four per cent within 14 days from July 23, 2021.

Our correspondent gathered that the plaintiff executed some projects for the state government under the administration of Ibikunle Amosun, but had been paid.

The firm dragged the government before the court and got a judgment in its favour, but the defendant did not pay the money and appealed the judgment instead.

In a bid to execute the judgment, the firm sued the state government to the Federal High Court to compel it to make the payment.

Justice O. Oguntoyinbo granted the prayers of the plaintiff/applicant on the enforcement of the arbitral award published by the Arbitral Tribunal on February 25, 2020.

Justice Oguntoyinbo said the arbitral award was granted during arbitral proceedings between the applicant and the respondent pursuant to the arbitration agreement between the parties on December 23, 2020.

Before the judgment was delivered, the counsel for the plaintiff, Bolaji Ayorinde, SAN, had urged the court to compel the state government to pay the arbitral award to his client.

Opposing the prayers, the Director Civil Litigation, state Ministry of Justice, P. O. Akinsinde, opposed the application with a 19-paragraph counter affidavit deposed to by one Temitope Alaye.

The court ruled thus, “The prayer for the recognition of the award succeeds.

“That the respondents are hereby ordered to pay into an interest-yielding account of the Federal High  Court the total award in the sum of N4,185,000,000 plus interest at the rate of four per cent from the date award until full payment within 14 days from today, Friday July 23, 2021.”

Category: News

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