Nigeria, April 19 -- The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, and the bank's Director of Legal Services, Salam-Alada Kofo, are facing contempt proceedings for alleged non-compliance with a Supreme Court judgement ordering the release of funds to a firm linked to the controversial Paris Club Refund.

The contempt suit was filed by Melrose General Services Limited, which claims the CBN has failed to fully implement a June 2024 Supreme Court judgement that reversed the forfeiture of its funds.

Judge Inyang Ekwo of the Federal High Court in Abuja has scheduled the next hearing for 4 June.

The Supreme Court had overturned an earlier forfeiture order obtained by the Economic and Financial Crimes Commission (EFCC) ag...