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Month: June 2019

Investor confidence hinges on rule of law, press freedom- NBA/SBL
June 11, 2019
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| Breaking, Judiciary, Slider, Sportlight

Mrs. Ogomudia, (right) vice chairperson planning committee of the conference, Mr. Sheni Adio (SAN), chairman NBA/SBL, Dr. Adeoye Adefulu, chairman, planning committee and Mrs. Fola Akande, council member, at the press conference…. last weekend. By Ibeawuchi Ambs Uwaleke The Nigerian Bar Association (NBA), Section on Business Law (SBL), will on June 26 to 28 hold its annual business conference at Eko Hotels and Suites, Victoria Island, Lagos. This edition, the 13th in the series, will be anchored on the…

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NBC suspends DAAR Communication license, as Dokpesi stages one-man protest at N’Assembly over alleged intimidation
June 6, 2019
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| Breaking, Slider

Founder/Chairman Emeritus, DAAR Communication PLC, Dokesi. By Ibeawuchi Ambs Uwaleke The National Broadcasting Commission has suspended the operating license of DAAR Communications operators of AIT and Raypower radio until further notice.The Director General of the NBC Ishaq Modibbo Kawu made the announcement on Thursday evening during a press conference. He accused DAAR communications of repeated violations of the NBC code and failure to pay up its license fee. The DG also pushed back accusations of partisanship and that his…

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Nigerians laud Buhari on Social Investment Programme, seek improvement, better funding
June 5, 2019
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| Economy, Slider

Mrs. Mariam Uwais, Esq, SA to President on SIP. By Ibeawuchi Ambs Uwaleke. A cross section of Nigerians have commended President Muhammadu Buhari’s administration for the idea and implementation of the Social Investment Programme (SIP) which is impacting positively on the people irrespective of their social, cultural or religious backgrounds in the society. In a poll conducted by this Medium, a lot of them showed appreciation for the President for the laudable programme his government created to assist Nigerians…

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Fayemi assents to eight bills as Ekiti fifth Assembly ends
June 4, 2019
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| Politics, Slider

Gov Fayemi of Ekiti State. By Gbenga Sodeinde, Ado Ekiti Ekiti State Governor, Dr Kayode Fayemi, on Tuesday  signed eightbills into laws, saying his government will continue to demonstratestrong political will in the implementation of the existing laws inthe state. Fayemi spoke in Ado Ekiti on Tuesday while signing the  bills intolaws, marking the end of the legislative duties of the 5th EkitiAssembly. The bills are:  Ekiti State Development and Investment PromotionAgency Law 2019 , Ekiti State Administration of …

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Ihedioha gives Okorocha 24 hours to hand over
June 4, 2019
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| Politics

Gov Ihedioha of Imo State (left) and ex-Gov Okorocha. By our correspondentImo Governor, Emeka Ihedioha, has given his predecessor, Chief Rochas Okorocha, 24 hours to perform proper handover to him.The governor also ordered the Head of Service and Permanent Secretaries to handover all government documents in their possession to Secretary to the State Government (SSG) and the Chief of Staff within 24 hours.He announced the ultimatum at the Government House, Owerri, while swearing in SSG, Uche Onyeaguocha and the…

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EFCC witness exonerates Akingbola, says defunct Intercontinental Bank’s loans followed due process
June 3, 2019
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| Judiciary, Uncategorized

Ex- Intercontinental Banks’s MD/CEO, Dr. Akingbola By Ibeawuchi Ambs Uwaleke A witness of the Economic and Financial Crimes Commission (EFCC), Mrs. Modupe Idowu Ajayi, today, told a Federal High Court, Ikoyi, Lagos, in the trial of the former CEO of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, that all loans approved by the bank, followed due process because they went through a full Management Credit Committee (MCC) screening and approval, comprising the executive and non executive directors who were…

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N5.5b disputed debt: Honeywell floors Ecobank in court, gets handsome reward
June 1, 2019
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| Judiciary

By our correspondent A Federal High Court sitting  in Lagos on Friday held  that Honeywell Flour Mills Plc and its sister companies, Anchorage Leisures Limited and Siloam Global Limited are not in any way indebted to Ecobank Nigeria Limited contrary to the bank’s claim against the companies, that has dragged this far at the court of first instance. Justice Ayokunle Faji made the declaration while delivering judgement in a suit filed by Honeywell Group against Ecobank Limited. Following a…

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