Court Orders Nigerian Govt, States, LGAs To Set Limits On Public Debt

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The Federal High Court in Abuja has ordered the Nigerian government to set the limits of the consolidated debt of federal, state and local governments.

According to Justice G.O. Kolawole of the Federal High Court, the judgement is in compliance with section 42 (1) of the Fiscal Responsibility Act.

The judgement, delivered February 20, was sequel to a suit No. FHC/ABJ/CS/302/2013, filed by the Centre for Social Justice Limited (CSJ) against five defendants including the President of the Federal Republic of Nigeria, Muhammadu Buhari; the Senate of the Federal Republic of Nigeria; the House of Representatives of the Federal Republic of Nigeria; the Minister of Finance, Kemi Adeosun; and the Attorney General of the Federation and Minister of Justice, Abubakar Malami.

In the court documents seen by The Pinnacle, the CSJ demanded a declaration that the president’s continued refusal to set the overall limits for the amounts of consolidated debt of the federal, state and local governments in Nigeria constitutes a violation of section 42 (1) of the Fiscal Responsibility Act 2007 and a violation of Nigeria’s constitution.

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