Abubakar Malami, the Attorney General of the Federation, has said Nigeria is owing over N150 billion in judgement debt.
Mr Malami disclosed this while speaking on Channels Television Newsnight on Monday.
Judgement debt is a damage or other monetary award pronounced upon by a court of competent jurisdiction. According to the law, there are two parties in the enforcement of a judgment.
The judgment creditor (any person/group/government for the time being entitled to enforce a judgment) and the judgement debtor (a person/group/government liable under a judgment).
Speaking on Monday, Mr Malami said: “there exists over N150 billion judgment debt against the interest of the federal government, as at 2015, when this government came into being”.
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