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EFCC witness exonerates Akingbola, says defunct Intercontinental Bank’s loans followed due process

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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NBA holds annual business conference, to interrogate govt on census

The chairman of the organising committee, Dr. Adeoye Adefulu (right), SBL chairman, Mr. Sheni Adio (SAN), and social organising secretary, Theodora Kio-Lawson (left), addressing journalists at the press conference on Tuesday, May 21, 2019 at Westwood Hotel, Ikoyi, Lagos. By Ibeawuchi A. Uwaleke The Nigerian Bar Association (NBA), Section on Business Law (SBL), will on June 26 to 28 hold its explosive annual business conference at Eko Hotels and Suites, Victoria Island, Lagos. This edition, the 13th in the…

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Akeem Bello knows fate today as court rules on quest to return to Lagos Assembly

By Ibeawuchi Uwaleke A member of the Lagos State House of Assembly representing Amuwo Odofin Constituency 2, Mr. Akeem Bello will know his fate today when a Federal High Court sitting at Ikoyi, Lagos will deliver judgment on a contentious issue he brought before the court asking it to allow him return to the people’s parliament of Lagos to continue to represent Amuwo Odofin Constituency 2 in the 9th Assembly. He is being challenged by an opponent, Rauf Wale,…

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Court to inspect alleged smuggled 1570 Pump Action riffles at Customs Warehouse, Ikeja on May 5

Pump Action Riffles By our reporterJustice Saliu Saidu of a Federal High Court, Lagos, today, fixed May 5, for the inspection of 1570 pump action guns, which were allegedly smuggled into the country by three businessmen and a company.The court fixed the date after the fourth prosecution witness in the trial gave his evidence before the court today.The businessmen who allegedly smuggled the weapons into the country between September 6 and 20, 2017 are: Ifeuwa Moses Christ, Ayogu Great James,…

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Non- service of hearing notice on AGF, stalls Kashamu’s suit against extradition

Senator Buruji Kashamu. The scheduled hearing of a suit filed by the Senator representing Ogun East Senatorial District at the National Assembly, Kashamu Buruji, seeking to restrain security agencies from extraditing him to United State of America (USA) to answer alleged drug charges was stalled at the Federal High Court, Lagos, today, due to improper service by Kashamu’s lawyer on other parties.Kashamu in the suit marked FHC/L/CS/930/18, has asked a Federal High Court, Lagos, to restrained the Inspector-General of…

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Arraignment of ex-NIA DG, wife over $205.9 now Wednesday, February 6

Ambassador Ayo Oke, ex-DG, NIA. The planned arraignment of the former National Intelligence Agency (NIA) director general, Ambassador Ayo Oke and his wife, Mrs. Folashade Ayodele Oke by the Economic and Financial Crimes Commission (EFCC), which was scheduled to take place on Friday, February 1, has been moved to Wednesday February 6, 2019 due to the absence of the suspects who were said to be outside the country. But the prosecuting counsel, Rotimi Oyedepo, was quoted on Friday as…

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Senator Nwaoshi rejects EFCC witness as his trial continues at FHC, Lagos

Senator Nwaoboshi The trial of Senator Peter Nwaoboshi, representing Delta North Senatorial District at a Federal High Court, Lagos was stalled on Thursday following the rejection of the  Economic and Financial Crimes Commission’s third witness from Zenith Bank Plc by the defence team led by Chief George Uwechue (SAN), because the witness name and statement were not attached in the proof of evidence submitted to parties. The court, sitting before Justice Chukwujekwu Aneke reserved bench ruling on the issue…

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Court convicts 2 INEC officials over N264.8m Diezani’s bribe

A Federal High Court in Lagos on Thursday convicted two ex officials of the Independent National Electoral Commission (INEC), Christian Nwosu and Tijani Bashir who were charged with N264.8 million gratification and money laundering by the Economic and Financial Crimes Commission (EFCC). Justice Mohammed Idris, now elevated to the Court of Appeal concluded the case on fiat and handed down the conviction while delivering his judgment in the trial that spanned several months. The court, however, adjourned the sentence…

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Hope rises for 63 disengaged Ebonyi varsity staff, as c’ttee begins resolution of issue

By Charles Onyekwere, Abakaliki  The Chairman  Exco committee  on disengaged Ebonyi State University staff  sen. Emmanuel Onwe yesterday assured the affected persons of positive resolution About 63 Staff of the institution were laid off  from service in December 2018 for violating the law guiding the school. Onwe who also is the state commissioner for information and Orientation noted that sack of those employees is not connected to politics as insinuated by opposition party in the state.  He disclosed this in…

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Court reserves judgment in Ladoja’s N4.7b fraud case

Rashidi Ladoja, ex-Oyo governor A Federal High Court, Lagos on Monday, January 21, 2019 reserved judgment in the criminal case against a former governor of Oyo State, Rashidi Ladoja, and one of his aides, Waheed Akanbi, charged with N4.7 billion fraud. Justice Mohammed Idris (elavated to Appeal Court) reserved his judgment after counsel representing parties had adopted their final addresses before the court. Ladoja was first arraigned by the Economic and Financial Crimes Commission (EFCC) over charges of alleged …

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