Alleged diversion of N5bn: Professor, ex- lawmaker narrates how Kwara IGR was shared

The Ilorin Zonal  Office of the Economic and Financial Crimes Commission ( EFCC) has uncovered how the twenty four ex lawmakers of the Kwara State House of Assembly, the immediate past Commissioner for Finance, Ademola Banu and some companies allegedly swindled  about five billion belonging to the Kwara State Internal Revenue Service between 2015 to 2019. The immediate past Chairman of the Kwara State Internal Revenue Service,  Professor Muritala Awodu, A former member of the Kwara State House of Assembly,  Hon Moshood Bakare and some staff of the Kwara State…

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Court dismisses wind-up proceedings against Aiteo, Awards N8m against petitioner

A Federal High Court, Lagos, today, dismissed a wind-up suit against indigenous oil company, Aiteo Eastern Exploration and Production Company Limited (AEEPC). The court presided over by Justice Olufemi Oguntoyinbo, dismissed the wind-up suit, following an application made by  AEEPC’s counsel, Mr. Emeka Ozoani, to dismiss the application in opposition to withdraw 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 suit filed through its solicitors, Anthony Enyindah, Victor Okezie and Dr Dickson Omukoro of Ntephe Smith…

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AMCON recovers 61% of EBA purchase price as Senate backs speedy recovery

The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has declared that the Senate of the Federal Republic of Nigeria under the leadership of current Senate President, Ahmed Lawan will join forces with the executive arm of government to wedge serious and sustained war against obligors of Management of Asset Management Corporation of Nigeria (AMCON), whom he described as economic saboteurs who must be made to repay the over N5trillion outstanding debt owed the corporation. In a related development, Ahmed Lawan Kuru, the managing director/CEO,…

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