January 2022 – The Advocate News

Court strips ICPC’s power to freeze bank account without valid court order

January 30, 2022

By Editor, Judiciary. A Federal High Court sitting in Ikoyi, Lagos last week set a precedent when it said that the Independent Corrupt Practices and Other Related Offences Commission (ICPC) does not possess any legal authority under the Act establishing it, to place a Post No Debit (PND) on any bank account domiciled in a commercial bank without a valid court order. This was the conclusion reached by Justice Peter Lifu while delivering the judgment in a suit filed…

Access Bank frets as co-plaintiff, Siete Ltd, withdraws from suit against late business mogul, Sonny Odogwu

January 23, 2022

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By Executive Editor, Judiciary. Access Bank must now be considering to wear a double thinking cap to continue to prosecute its N50billion case it brought against the late business mogul, Chief Sonny Odogwu and his estate, as one of its partners and co-plaintiff, Siete Trading Limited, has withdrawn from the suit it filed along with Access Bank Plc against the estate of Chief Odogwu and other defendants at the Federal High Court, Ikoyi, Lagos.The defendants are Robert Dyson &…

N6.4b alleged illegal charges: Zenith Bank knows fate Monday

January 23, 2022

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By Executive Editor, Judiciary. A Federal High Court, Ikoyi, Lagos sitting before Justice Ayokunle Faji will on Monday, January 24, 2022 deliver judgment in a case of N6, 441, 369, 617.73 alleged illegal charges brought against Zenith Bank Plc by an independent oil marketer. The judgment was initially fixed for December 13, 2021 which was unavoidably stalled as a result of the statutory judges’ conference holding at that period. At a resumed sitting of the court last week, Justice Faji,…

Court sentences businessman to two years imprisonment for illegal possession of firearms

January 23, 2022

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The convict, Sanusi. By Executive Editor, Judiciary. A prominent Lagos-based businessman, Sulaiman Sanusi, the managing director of Sanusi Brothers Nigeria Limited, has been convicted and sentenced to two years imprisonment for illegal possession of firearm by a Lagos Chief Magistrate Court. The court presided over by Chief Magistrate Kemi Doja-Ojo, convicted and sentenced the businessman to the jail term, after pronouncing him guilty of a count charge brought against him by the Nigeria Police. In convicting and sentencing the…

Witness exonerates Kenneth Amadi in Eunissel’s N2.9b alleged fraud

January 21, 2022

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By Executive Editor, Judiciary (Advocatenewsng.com). A prosecution witness and accountant with Eunisell Ltd, Mr. Philip Enejo Odekina has confirmed before a Federal High Court, Ikoyi, Lagos that Mr. Kenneth Ndubisi Amadi (1st defendant), did not steal the alleged Eunisell’s N2.9 billion for which he is standing trial at the court.Mr Odekina, the second prosecution witness made the confirmation on Thursday January 20, 2022 while testifying before a Federal High Court presided over by Justice Ambrose Lewis Allagoa in the…

Late Sonny Odogwu’s Administrators oppose Access Bank in court over alleged indebtedness

January 6, 2022

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By Executive Editor, Judiciary. (Advocatenewsng.com) The Administrators of the Estate of late business mogul, Chief Sonny Odogwu, (and other companies associated to him) have asked the Federal High court, Lagos to decline jurisdiction on a suit filed by Access Bank Plc, seeking to take over the late businessman’s project financed property over alleged unpaid debt.They made the application in a preliminary objection filed by their counsel, Chief Anthony Idigbe, SAN, at the court sitting before Justice Daniel Osiagor, in…