Osun State Government Seeks to Lift Account Freeze
The Osun State Government announced it has filed an application with the Federal High Court in Lagos to vacate an ex parte order that froze its bank accounts. This order was issued in relation to a $13.9 million arbitration award favoring Gamji Nigeria Company Limited.
The government, represented by Commissioner for Information and Public Enlightenment Kolapo Alimi, argued that the order was obtained through deceit and substantial non-disclosure of material facts. The government contended that the referenced arbitration award does not exist, as the only award against it was made in July 2026 and is currently being challenged in the Lagos State High Court.
The dispute originated from a 2017 contract under former Governor Adegboyega Oyetola's administration, where Gamji's request for a variation was denied. The state government claims the arbitration process was mismanaged, denying it a fair hearing, and has taken legal steps to set aside the award.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
Read full article
Continue on Punch Newspapers
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
APC Critiques Rotimi Amaechi's Public Office Dependency
Makinde's Campaign Calls Workers' Strike a Referendum on Tinubu
Atiku Abubakar Demands Transparency on NNPC's ₦11.2 Trillion
APC in Ughelli North Forms Committees for 2027 Elections
Yari Advocates for Power Rotation to Enhance Unity
Wike Demands Accountability from Amaechi Over $308M Funds
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
