Get the Full Story, Without the Noise.
Published loading...Updated

Recovered Loot: Supreme Court dismisses 36 states’ suit against FG

  • On May 23, 2025, the Supreme Court of Nigeria rejected a case brought forward by representatives of the 36 states along with the Nigeria Governors Forum.
  • The suit challenged the federal government’s management of recovered looted assets totaling over N1.8 trillion in cash and other valuables between 2015 and 2021.
  • A unanimous seven-member panel held the case fell within the Federal High Court’s jurisdiction, not the Supreme Court, and that the plaintiffs wrongly invoked the apex court’s authority.
  • The recovered assets consist of approximately N1.8 trillion in cash, nearly 170 real estate holdings, around 450 vehicles, close to 300 trucks, and crude oil reserves totaling 20 million barrels, with an estimated value exceeding N450 billion.
  • The ruling implies that disputes over recovered assets management must proceed in the Federal High Court, deferring resolution on constitutional remittance and distribution issues.
Insights by Ground AI
Does this summary seem wrong?

11 Articles

All
Left
Center
1
Right
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 100% of the sources are Center
100% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Daily Post Nigeria broke the news in Nigeria on Friday, May 23, 2025.
Sources are mostly out of (0)

Similar News Topics