|
Listen now
Getting your Trinity Audio player ready...
|
The Lagos State Government is currently involved in Fifty-Seven (57) litigations with total claims in the cases against the State and its agencies amounting to approximately ₦456 billion.
The legal cases comprise of general/exemplary damages, special damages, and monetary judgments, according to data seen by MoneyCentral.
Of the 57 reviewed cases, five (5) judgments have been awarded against the State, amounting to ₦2.79 billion.
Notices of appeal have been filed in four (4) of the five (5) cases, and the State says it is taking steps to appeal the remaining judgment.
Solicitors have noted that failure to diligently prosecute these appeals could result in enforcement of the judgments; however, they are of the opinion that if properly pursued, such liabilities may be mitigated or extinguished.
Additionally, five (5) high-value cases were identified, with combined claims totaling approximately ₦405.4 billion.
Lagos State says these claims are unlikely to crystallize in full, given that:
- General and exemplary damages are discretionary and rarely awarded in the full amounts claimed;
- Special damages must be strictly proven, and most claimants have not submitted sufficient supporting documentation; and
- The ongoing litigation processes and appeal timelines make it unlikely that adverse outcomes would coincide with the transaction timeline.
Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!
 litigations with total claims amounting to approximately ₦456 billion){kind=link}