The Oyo State Government responded to the Federal Capital Territory High Court’s decision to suspend its bank accounts.

Ex-local government chairmen and council members filed an ex-parte request for garnishee order, and Justice A. O. Ebong made a decision.

First Bank, Wema Bank, and Zenith Bank are among the financial institutions whose operations may be impacted by the judgment in the case with the filing number FCT/HC/BW/M/238/2023.

Court filings showed the Oyo State authorities were yet to settle the outstanding balance of N3,374, 889, 425 debt owed the former LG officials.

On Monday, however, the Oyo State Attorney General and Commissioner for Justice, Prof Oyelowo Oyewo, SAN, said the state government was not in disobedience of the court.

“Out of N4.2 billion, we have paid N1.5 billion. We were in the process of paying but the cash swap policy disrupted our plans,” he explained.

Announcing the Seyi Makinde administration’s decision to appeal the ruling, Oyewo stated that the FCT High Court does not have jurisdiction on the matter.

“The obligation the payment has is spread across the spectrum. We are amenable to instalment payment. We are still going to court to quash the order,” he said.

The commissioner said Oyo State was prepared to present its arguments, confirming judgements from the Abiola Ajimobi administration regarding LG funds are being obeyed.