CBN Governor Olayemi Cardoso faces legal trouble for not following a Supreme Court order. The court told him to return the money to Melrose General Services, but he only gave back part of it. A judge will hear this case next June in Abuja. Last year, the Supreme Court canceled an order that had frozen Melrose's funds after fraud claims.
The company should have received N1.22 billion from its bank account. It also needed N220 million, which went to two other companies as loans. CBN returned the larger amount but kept the smaller one. Melrose hired lawyer Chikaosolu Ojukwu, who filed contempt charges against CBN leaders. He argues they disrespected the highest court in Nigeria.
The CBN lawyer claims they followed instructions correctly. He says the court never told them to send all money directly to Melrose. The N220 million should go to Wasp Network Limited and Thebe Wellness Services instead. One company asked for its N200 million share. The other hasn't claimed their N20 million portion yet. The EFCC wants out of this case completely.
The company should have received N1.22 billion from its bank account. It also needed N220 million, which went to two other companies as loans. CBN returned the larger amount but kept the smaller one. Melrose hired lawyer Chikaosolu Ojukwu, who filed contempt charges against CBN leaders. He argues they disrespected the highest court in Nigeria.
The CBN lawyer claims they followed instructions correctly. He says the court never told them to send all money directly to Melrose. The N220 million should go to Wasp Network Limited and Thebe Wellness Services instead. One company asked for its N200 million share. The other hasn't claimed their N20 million portion yet. The EFCC wants out of this case completely.
