Court Adjourns Suit Filed On Nigerians’ Behalf Against DMO’s Bid To Securitize N23trn Ways And Means Loan

The Federal High Court sitting in Abuja, Friday, fixed December 4 for continuation of hearing on a motion on notice seeking an interlocutory injunction restraining the Debt Management Office (DMO) and other federal government agents from carrying on or taking any further steps on securitization of the Ways and Means loan of N22.7 trillion.

The suit also seeks to stop conversion of the debt to a promissory note or any other promise to pay at a future date or securitization by ways of issuance of treasury bills, bonds or other forms of security.