Punch Newspapers·4 min read·hard
Court places restriction on Osun bank accounts
D
Dare Akogun
✦AI Summary
The Federal High Court in Lagos has ordered a 'Post No Debit' restriction on Osun State Government bank accounts due to a $13.9 million arbitration award owed to Gamji Nigeria Company Limited. The dispute arises from unpaid water infrastructure projects initiated in 2017.
Why it matters
This legal action highlights significant financial liabilities for state governments and the risks associated with infrastructure contract disputes.
File photo: Osun State Governor, Ademola Adeleke
Also covering this story
One other newsroom covered this event. We read that version too.
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