Sixteen years on a Brooks roller-coaster Aug 2, 2008
1999 Judgment debt grows to $US4. 2 million with interest accruing at almost $US500 daily. (Sydney Morning Herald -- Australia)
Obasanjo's govt lawless, says Aondoakaa May 9, 2008
It is our battle," he stated. Aondoakaa said that in less than one year, the present administration had achieved the following for its insistence on the concept of the rule of law: obedience to court orders, demonstrated that no one was above the law whether private citizen or government officials and that people's confidence had been restored. To demonstrate government's commitment to the rule of law and obedience to court orders, he disclosed that N6 billion had been set aside in the 2008... (Guardian News, Nigeria)
Nedbank was dishonest in auction - judge May 5, 2008
It had no right to confirm bids because the auction was not a sale in execution of a judgment debt but a sale in liquidation. The applicants said they were the real suffering parties, as sureties of the company. (Business Report, South Africa)
SSS Arrests Gaadi, Winner Of N41.8b Against Govt Mar 29, 2008
OPERATIVES of the State Security Service (SSS) arrested DR. Alexander Gaadi, the president of Benue State Development Movement (BDM), the pressure group that obtained a judgment debt of N41. 8b over the Zaki-Biam military invasion on Thursday night. (Guardian News, Nigeria)
Nigeria: Govt Won't Halt Ex-Governors' Trials Jan 9, 2008
Aondoakaa said he had requested additional documents to assist his office get presidential approval and possibly make recommendations for the payment of additional balance of N12 million judgment debts ... The amount was said to be part of the $18 million judgment debt awarded against the Federal Government by a United States court in favour of Marsh Oil. (allAfrica.com)
Nigeria: Yar'Adua Won't Stop Probe of Obasanjo Jan 8, 2008
"Aondoakaa also said yesterday that the Federal Government had begun moves to settle out of court the $100 million judgment entered against Nigeria by a United States' district court after former head of state, General Abdulsalami Abubakar, was found guilty over the death of acclaimed winner of the June 12 election, Bashorun MKO Abiola.He confirmed that Nigeria had been given up till January 14 to settle the matter out of court or risk getting property belonging to the Federal Government being... (allAfrica.com)
Delay could be financially fatal Oct 10, 2007
Ms Abraham said: "The department's guidance advised paying the care costs the NHS should have paid, but took no account of other possible financial losses nor did it highlight PCTs' discretion to include an element of compensation for any distress and inconvenience suffered."Furthermore, the guidance advised calculating interest based on the retail price index (RPI) rather than the higher County Court judgment debt rate. The result was that there was inconsistency in the way PCTs calculated the... (Telegraph.co.uk)
Ikam CEO defaults court order Sep 17, 2007
The debtor was granted in part of the judgment debt, which was to be paid in four instalments of 2,945 billion cedis on August 31, September 31; October 31 and on or before November 30, 2007 by Mr Stephen Amoah-Marfo. The Judge further ordered that should the debtor default in paying a single instalment, the outstanding balance would immediately become due and payable without further notice to the debtor. (Ghana Web, Ghana)
Tracking firms in foreign locales Jul 11, 2007
On April 18, an Australian court issued a warrant for his arrest after he failed to pay a judgment debt of about $80,000 to the Scouts Association of Australia. He did not mention it in any of his press releases until two months later, after he was contacted about the matter by Canadian regulators. (Globe and Mail -- Business)
Parti Keadilan Sec Gen applies to set aside bankruptcy notice Mar 29, 2007
In the notice, businessman Mohd Yusof Abu Othman claimed that Kamarul failed to fully pay a judgment debt of RM2,112,000 granted by a High Court on Sept 5, 2002 ... The issuance of the said notice against me is clearly tainted with malice as it is designed and calculated to apply improper and unlawful pressure on me to settle the judgment debt. (The Star Online, Malaysia -- News)
