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Month: November 2019

N12.9b debt: AMCON explains status of Victory Park Estate, Lekki, Lagos
November 27, 2019
| No Comments
| Slider, Sportlight

By Editor. 26/11/19 The Asset Management Company of Nigeria, (AMCON), has clarified the status of the widely publicised controversial estate located in a high brow area of Lekki, Lagos, Victory Park, saying: “AMCON took over possession of the property in issue on June 25, 2019 by the execution of the judgment of the Federal High Court. On the day of the execution of the order of court, the occupier of Block B, Plot 1 in the estate was present…

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Diezani, others’, criminal charges not yet over, says EFCC
November 27, 2019
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| Corruption matters, Slider, Sportlight, Uncategorized

Ex-petroleum minister, Diezani Allison-Madueke. By our Correspondent. The Economic and Financial Crimes Commission (EFCC) has released a statement disclaiming the purported report that is making the rounds that it has dropped all criminal charges against the former minister of petroleum, Diezani Allison-Madueke and others indicted for money laundering. In a statement released today, November 27, 2019, and signed by its head of media and publicity, Wilson Uwajeren,, the agency said: “The attention of the Economic and Financial Crimes Commission,…

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Union risks sanctions, as it flouts ministry, NLC directives
November 26, 2019
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| Labour matters, Slider, Sportlight

Minister of Labour and Employment, Dr. Chris Ngige. By Editor. 25/11/19 A factional union in the agriculture sector of the Nigerian economy, Agriculture and Allied Employees Union of Nigeria (AAEUN), is courting the wrath of the Federal Ministry of Labour and Employment, and the Nigerian Labour Congress (NLC), after their directives for an amicable resolution of the dispute between it and another faction, Agriculture and Allied Workers Union, (AAWUN), are being flatly disobeyed by it, thereby making it difficult…

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NASS should reject NDDC budget from interim committee
November 26, 2019
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| Opinions, Slider, Sportlight

Senate president, Lawan. OPINION By IYC president, Eric Omare. The national president of Ijaw Youth Council (IYC), Barrister Eric Omare has urged the National Assembly to disregard any budget approval request from NDDC submitted by the Interim Management Committee inaugurated by Minister of Niger Delta Affairs, Chief Godswill Akpabio. In a press statement issued  on Sunday, November 24, 2019, Barrister Omare said that under Section 18 of the NDDC Act of 2000 only the substantive Board of the NDDC…

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Court orders Mompha’s remand in prison custody over alleged N33bn internet fraud
November 25, 2019
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| Aviation, Judiciary, Slider, Sportlight

By our Correspondent A Federal High Court, sitting in Lagos, today, Monday November 25, 2019, remanded an alleged internet fraudster, Ismaila Mustapha, also known as Mompha in the custody of the Nigerian Correctional Service, (NCS), formerly known as Nigeria Prison Service, (NPS). Justice Mohammed Liman ordered Mompha’s remand after he pleaded not guilty to a 14-count charge of laundering N33 billion through internet fraud, and thereafter fixed November 29, 2019 to hear Mompha’s bail application. The anti-graft agency, EFCC,…

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Court dismisses winding-up proceedings against Aiteo, awards N8m against petitioner
November 22, 2019
| 1 Comment
| Judiciary, Slider, Sportlight

By our Correspondent. A Federal High Court, Lagos, today, dismissed a winding-up suit against an indigenous oil company, Aiteo Eastern Exploration and Production Company Limited (AEEPC). The court presided over by Justice Olufemi Oguntoyinbo, dismissed the winding-up suit, following an application made by AEEPC’s counsel, Mr. Emeka Ozoani, to dismiss the application in opposition to withdrawing of the application made by  A. A. Adekeye, lawyer to Charlietam International Services Limited (CISL), the petitioner in the suit. The petitioner, CISL in a…

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Why Buhari must stop a dangerous action going on at NDDC
November 22, 2019
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| Opinions, Slider, Sportlight

President Buhari. By James Ekanem Nigeria is gripped in a macabre dance in the Niger Delta Development Commission (NDDC) where an ‘interim management committee’ is running the agency when the nominees for the board have been screened and confirmed for over two weeks now. This is without precedence in Nigeria or anywhere else. And it bothers a lot of people, especially considering the promise made by the current federal government to follow due process and the law. The law…

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Why President Buhari should act fast on NDDC board
November 20, 2019
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| Environment, Slider, Sportlight

By Steven Nwike The NDDC is in a state of limbo. Since August 27th when President Muhammadu Buhari dissolved the Professor Nelson Brambaifa – led interim management and appointed a 16-member Board subject to Senate confirmation, no progress has been made to ensure that a proper board/management is constituted for the Commission. Rather, the Commission has drifted, even at a time the President’s nominees have been screened and confirmed by the Senate. In fact the NDDC has not had…

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NDDC: Don’t allow Akpabio destroy your legacies, Group tells President Buhari
November 19, 2019
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| Environment, Slider, Sportlight

President Buhari. By our Correspondence. Niger Delta Development Watch-Dog (NDDW), a development monitoring initiative concerned about the infrastructural development of the Niger Delta States, have called on President Muhammadu Buhari not to allow Godswill Akpabio to destroy his legacies with his illegalities and personal interest in the NDDC. The group in a statement signed by its Director General, Engr. Vincent Hitler Egbogbo appealed to President Muhammadu Buhari to inaugurate the NDDC substantive board and curb the excesses of the…

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SPA Ajibade & Co luncheon: Judiciary lacks capacity to enforce its decisions, say conferees
November 16, 2019
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| Judiciary, Slider, Sportlight

Convener/ Chief host of the 2019 SPA Ajibade and Co. annual business luncheon, Dr. Babatunde Ajibade, SAN, (left), and a former NBA president, Mr. Austin Alegeh, SAN, pose for a photograph at the event. By Editor-in-Chief. The SPA Ajibade and Co. annual business luncheon, took place on Thursday, November 14, 2019 at the prestigious Radison Blu Hotel on Ozumba Mbadiwe Street, Victoria Island, Lagos. This was the 12th edition in the series which featured the best and well-endowed legal…

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