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RE: ALEXANDER GIBB & ORS.
Vs
CENTRAL BANK OF NIGERIA & ORS.
We wish to acquaint you with recent developments in the above ‘419’
case.The Plaintiffs are a group of individuals resident in Canada. They sued in
Canada on a contract they alleged was entered into between East West Commodities
Limited (a Calgary based Corporation) and the Nigerian Ministry of Housing and
Works. The alleged contract contemplated the supply of generating equipment for
US$45million. It was also alleged that payments under the contract were not made
and that certain payments in the nature of advance fees were made to various Nigerian
Government and Central Bank officials.
The Plaintiffs subsequently obtained a Default Judgement in the amount of approximately
$90 million from the Canadian Court. Following the Default Judgement, the Plaintiffs
took steps to enforce the Default Judgement against the assets of the CBN in Switzerland
and in the United States, a move which the bank vigorously opposed. Our application
to set aside the Default Judgement had been heard and judgement delivered on 13th
March, 2003. The Court among other things, found the Default Judgement to be a
nullity and ordered it set aside.
Although the Plaintiffs have gone on appeal, we wish the information relating
to the setting aside of the Default Judgement posted on the CBN Website as a demonstration
of the Bank’s continued fight against advance fee scams. The point that
should be emphasized in this case is the fact that the Plaintiffs made advance
payments in respect of a contract they knew was not in existence.
We shall keep you posted of further development in the matter.
Thank you.
Anthony Olatujoye Esq.
.
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