JUST IN: Court stops FG from deducting $418m from States’ accounts

The Federal High Court, Abuja, has stopped the Federal Government from going ahead with plan to deduct $418 million from the bank accounts of the 36 states of the Federation.

Justice Inyang Ekwo issued a restraining order against the Federal Government on Friday, following an ex parte application brought by the counsels to the 36 states, Jibril Otukepa and Ahmed Raji.

While moving the application, Okutepa who led the legal team of the states told the judge that the states would be completely crippled if the Federal Government should go ahead to deduct the huge amount from the bank accounts of their clients.

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