Category: Economy

Alleged corporate bullying: finally, court to hear businessman’s suit

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After several attempts to prove how tenable of his case stands before a court of law and how he has been dupe of his hard earned money, the Federal Capital Territory (FCT) High Court, Abuja, on Thursday, fixed Feb. 22, 2022 for hearing of a N50 million suit filed by a businessman, Chief Abdulwahid Adeleke, against the United Bank for Africa (UBA) PLC over alleged corporate bullying.Justice Frances Messiri fixed the date after counsel to the claimant, Adam Ugwuanyi, informed the court that he had served all the court processes…

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Arch. Kabir Ibrahim, ex-president, misappropriated AFAN’s funds, lawyer alleges in court

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Counsel to the All Farmers’ Association of Nigeria (AFAN), Modibbo Bakari has told a Federal High Court, Abuja, that the former President, Architect Kabir Ibrahim, misappropriated the association’s funds. Bakari stated this when the presiding judge, Justice Taiwo Taiwo, asked if financial controversy was also involved in the suit filed by the plaintiff (AFAN). Justice Taiwo, who directed the registrar to call cases on the cause list in order of importance and years they were filed, had asked counsel to Ibrahim, A. O. Okeya, in a suit marked: FHC/ABJ/CS/322/2020, filed…

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Businessman drags UBA to court for alleged corporate bullying

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A businessman, Chief Abdulwahid Adeleke, has dragged the United Bank for Africa (UBA), demanding N50 million in damages for alleged corporate bullying.Adeleke, the Managing Director (MD) of Biospheres Technologies Limited (claimant), through his counsel, Adam Ugwuanyi, had dragged the bank before Justice F. E. Messiri of FCT High Court, Apo, in a writ of summons with suit number CV/1583/2021 dated July 14, 2021 and filed same date.In a witness statement on oath, Adeleke, narrated that “on the 11th day of March, 2021 the plaintiff mistakenly transferred the sum of N15,…

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Non-service of notice stalls alleged contempt suit against Finance Minister, others

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Non-service of court papers on Monday stalled the alleged contempt suit against the Minister of Finance, Mrs Zainab Ahmed in the National Industrial Court, Abuja. The presiding judge, Justice Osatohanmwen Obaseki-Osaghae, told counsel to the applicants, Martin Agba, that a copy of the motion dated Jan. 18, which he claimed to have been filed on Jan. 26, was not in court file. Besides, counsel to the 1st defendant, Chigozie Iwuoha, and lawyer to the 3rd defendant, Paul Omata, also corroborated that they were yet to sight the application. The development…

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Governor Obiano Asked to Stop Illegal Construction at Onitsha Main Market.

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Alphonsus Nweze Governor Willie Obiano has been called upon to urgently intervene and stop with immediate effect the construction of illegal structures at the Onitsha Main Market. A former Executive Chairman of Onitsha Main Market, Chief Nnamdi Unobuagh made the call in an interview with newsmen in Onitsha at the weekend. He raised an alarm over an impending danger if the construction was allowed to go on. He lamented that the illegal construction was taking place at the only motor park inside the market by yet to be indentified individuals…

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Obieri, Chartered Accountant inaugurated 14th ONICCIMA President

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Alphonsus Nweze Chief Kevin Obieri, a Chartered Accountant, has been inaugurated as the 14th President of the Onitsha Chamber of Commerce, Mines and Agriculture (ONICCIMA). Obieri who holds the traditional title of Akajiegbe, Akokwa in Imo State was inaugurated last Wednesday at Sharon Hall, Onitsha in a well attend ceremony.In his speech shortly before his inauguration, the Chairman of South East Chambers of Commerce, Mr. Humphrey Ngonadi, lamented the rather indifferent disposition of South East Governors on issues of the chamber’s movement.Ngonadi who stood in for the National President of…

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Stop dividing the Igbo race: Group call on South-East governors

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The South East Governors have been called upon to discard obnoxious policies that destroy the unity and solidarity of Igbo race in NIgeria.The chairman of Non-Indigenous Free Minds Welfare Association, Anambra State, Chief Eusebius Ezebuwa, made the call in Onitsha, the Anambra State commercial nerve centre yesterday, when the group addressed newsmen over the disqualification of non-indigenes to participate in the contest for the chairmanship of General Old Motor Spare Parts Association known as Mgbuka-Amazu in Ogbaru Local Government Area of Anambra State on November 15, 2021.But the non-indigenes in…

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Court stops FG from deducting state govts’ monies over $418m Paris Club debt

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A Federal High Court, Abuja, on Friday, restrained the Federal Government from deducting monies accruing to the 36 states from federation account to settle 418 million dollars judgment debt in relation to Paris Club Refund. Justice Inyang Ekwo, who gave the order while counsel to the plaintiffs, Jibrin Okutekpa, SAN, moved the ex-parte motion, held that the restraining order subsists pending the determination of the substantive suit. The News Agency of Nigeria (NAN) reports that while the 36 states Attorney-Generals are the plaintiffs.Some of the defendants listed in the suit…

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Onitsha Wharf: South-East Shippers Condemn Frequent Suspension

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When in October 2020, the media went into frenzy, both new and conventional, with the news of Onitsha port coming alive again after 42 years of closure. Pictures went viral and many thought that finally it is uhuru for the southeast who have been deprived of everything meant to support commerce in the region.As information went rife that this administration meant well for the economic wellbeing of the east, considering the importance of such facility in the region, ittle did they know that it was all a smokescreen considering as…

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