ALGON dissociates self from $316m judgment debt
*Passes votes of confidence on its president
The Association of Local Government of Nigeria (ALGON) has dissociated itself from over $315million judgment debt.
The association, after it National Executive Council (NEC) meeting in Abuja, also passed a vote of confidence on the current executive under the leadership of Alhaji Ibrahim Ahmad Karaye, who is the national president of the association.
Justice Valentine Ashi of an Abuja High Court had in his judgment, ordered the Central Bank of Nigeria (CBN) to pay $316million to Riok Nigeria Limited and two legal practitioners.
Riok was said to have executed some contracts for ALGON which were not paid for.
But ALGON, through its national president, Alhaji Karaye, and national secretary general/director of legal services, Barrister (Mrs.) Evan Enekwe, described the contracts for which Riok Nigerian Limited got judgment in its favour as doubtful and unverified.
ALGON said, “ALGON passes a vote of confidence on the current. Executive under the leadership of Alhaji Ahmad Karaye, who is the national president of the association.
“ALGON expresses satisfaction and endorses the initiative and reconciliation of NEC and ALGON Board of Trustees (BOT).
“ALGON hereby dissociate itself from all claims and doubtful. Contracts purportedly awarded for projects that are yet to be verified; and consequently denies liability and direct NEC to take immediate steps. To appeal against all such judgments that constitute impediment on the release of external debts deductions refund to local government councils.”
The association also asked its president, Alhaji Karaye and his executive to pay solidarity visits to states and IDPs in the North-East geo-political zone of Nigeria affected by the Boko Haram insurgency.
