oloriLFC:
not Naira, dollars. D.o.l.l.a.r.s

goat22:


I think the main reason is that the treasury funds of 1984 isn't speculated to rise beyond the housing scheme of Nagora.

debbysure01:
We only hear of figures in Nigeria....You wonder where those money go afterwards...

Check my signature

pocohantas:
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.

ccollins:
u shouldn't be explaining legal terms to people who do not pay consultation fees nor have it as a field of expertise, this you do is very unethical

tee10:


You try small

The “ Corporate Entity” concept has exceptions, in such cases the “ Corporate veil” is lifted. It is done for a number reasons one of such is to prevent individuals from using corporate entities to perpetuate illegalities

royalads:
The comments on the first page shows the mental IQ of 98% of people that visit Nairaland of recent times. They didn't understand what the topic was about. They didn't bother to ask questions. But they went ahead to leave senseless comments all over the place.. Just 2 persons understood the discussion and replied accordingly. If it was one senseless discussion now, you see them bubbling all over the place.

you go a new secret admirer right here.
My days here are seriously numbered.

debbysure01:
We only hear of figures in Nigeria....You wonder where those money go afterwards...

Check my signature

ijustdey:


https://m.guardian.ng/news/cbn-governor-risks-prison-over-53m-garnishee-order/

Ebenezar2020:
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.

TruthinAction:
Thieves everywhere. Besides, is it his personal money he will use to pay? Was the refund made to his personal account? Those who benefited from the refund should pay the lawyers. But that amount is ridiculous. Did the government have lawyers that works for them? Too many questions begging for answers.

pocohantas:
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.

TRUSTEDGUY:
This is serious but leave more questions than answers wenti concern CBN and lawyers. Wenti dem do way worth 53m naira?

pocohantas:
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.

pocohantas:
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.

pocohantas:
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.

zangaozanga:
how are you this foolish

Ebenezar2020:
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 Lzaa will still wail on this.

TRUSTEDGUY:


Guy you are right Dollars!!! Wenti be our budget.

haryomikun:

If the entity concept held as you said, then Enron's executives would never have gone to jail following the cooking of their accounting books.

I think Emefiele is the one with the power to approve the payment to the lawyers which he hasn't done or has probably blocked. The entity concept holds in certain circumstances but definitely not this one.

rotile247:


There is a concept of lifting the 'Vail of incorporation' where the court go after the principal actors of the entity (usually the MD or Board of Directors).

oloriLFC:
I'm not a guy

nedekid:

Did you read the post? If you did, then you read again to comprehend.

immhotep:

But you support Gov. Gandollars who was recorded on video receiving bribe in dollars

Sai mama.

Cc gmbuharii afamed helinues rekhina