The National Industrial Court sitting i9n Abuja has awarded N750,000 against the Central Bank of Nigeria (CBN), over failure to pay former governor of Taraba, Jolly Nyame, and three others their pension arrears.
The other judgment creditors in the suit are Uba Ahmadu, Abubakar Armayau and Bilkisu Danboyi.
In his judgment, Justice Osatohanmwen Obaseki- Osaghae also declined the stay of execution application brought by CBN.
The application was brought by CBN through its counsel, Ifediora Obiora, informing the court about a notice of appeal seeking to appeal the garnishee order made by the court on Feb.24, 2022.
D.D. Shintema, counsel to the judgment debtors, aligned himself with the CBN counsel’s application.
In his argument, Counsel to the judgment creditors, F.K. Idepefo, SAN submitted that the application for stay of execution by CBN was designed to delay the enforcement of the order.
The counsel further averred that CBN ought to comply with the order of the court as stipulated by the provision of Section 287(3) of the Constitution of the Federal Republic of Nigeria 1999(as amended).
Idepefo had earlier sought a garnishee order to the court to compel CBN to deduct the sum of N155.1 million from the funds standing to the credit of the government of Taraba from the Federation Account as payment to the judgment creditors.
But while ruling on the application, the presiding Judge Osaghae declined the application and awarded the cost of N750,000 against the applicant.
