Court denies man bail for ingesting 650gram of Cocaine

Justice Tijjani Ringim of the Lagos Federal High Court, has refused the bail appllication filed by a Qatar-based Nigerian, Agudozie Peter Ihie, who was charged before the court for smuggling into Nigeria, 650 grams of Cocaine, by ingestion. Agudozie was arraigned before Justice Ringim’s court by the National Drugs Law Enforcement Agency (NDLEA), on a two count-charge of unlawful importation of the named drug on January 25, 2022.    The offences which the prosecutor,  Juliana Imaobong-Iroabuchi, told the court, contravened section 11(a) of the National Drug Law Enforcement Agency Act Cap N, 30 Laws…

Read More

Runsewe to host NANTA Industry wigs to Pre AGM dinner in Abuja

Director General, National Council for Arts and Culture ( NCAC), Otunba Segun Runsewe will roll out a dinner party to honour and appreciate the leadership of National Association of Nigeria Travel Agencies ( NANTA), for being the most peaceful, impactful hardworking industry trade group in the country. Runsewe insisted and reiterated that that the forty seven years old industry association has kept its head, enthroned an effective succession plan devoid of bad blood and bitterness which had led to the demise other similar trade groups in the industry, noting that…

Read More

Stanbic IBTC Opens New Branch in the Lekki Free Trade Zone

Stanbic IBTC Bank PLC, a member of Standard Bank Group, has opened a new branch in the Lekki Free Trade Zone (LFTZ), Ibeju-Lekki axis of Lagos State. The new branch will serve the banking and pension needs of the financial institution’s current and prospective clients along the LFTZ corridor and environs.  Demola Sogunle, Chief Executive Stanbic IBTC Holdings PLC, said that the branch opening was geared towards serving industries, corporates and individuals in the LFTZ region. He said: “As a forward-thinking financial institution, we have opened a branch to make…

Read More

Abbey Mortgage Bank capitalized at 6bn with CBN’s approval of Capital Injection

Abbey Mortgage Bank has been further capitalised to N6bn following the approval issued by the apex bank of N3.03bn equity capital raised during the last right issue exercise of the bank. This milestone is in line with the strategic plan of the Management to strengthen the position of the company to champion the most desired change in the Mortgage industry. With the increased capital base, the bank has surpassed the minimum capital requirement for the mortgage subsector, and it has positioned itself for improved business opportunities. In addition, this will…

Read More

16-year-old Jubril Dokun, 2 others win N12.5M scholarships in InterswitchSPAK 3.0

Photo Caption L-R: Akeem Lawal, MD,Transaction Switching & Payment Processing (Purepay), Interswitch; Babatunde Dokun, father of InterswitchSPAK 3.0 winner; Jubril Dokun, winner; Afolabi Oladimeji, teacher of InterswitchSPAK 3.0 winner and Tomijogun Ogunlesi, Group Head, Brands & Communications, Interswitch, at the grand finale of the InterswitchSPAK 3.0 competition held in Lagos recently.  Sixteen year-old Jubril Dokun, a student of Brainfield College, Salolo, Lagos State has emerged winner in the third edition of InterswitchSPAK National Science Competition, the CSR initiative of Africa’s leading integrated payments and digital commerce company, Interswitch. After successfully…

Read More

Unpaid debt: Fuel supplier asks court to wind-up Primero, BRT operator

Hard time awaits several commuters who make use of BRT buses in Lagos, as an indigenous petroleum company, Petrocam Trading Nigeria Limited, has applied to a Lagos Federal High Court, for the winding-up of Primero Transport Service Limited, the operator of Bus Rapid Transport (BRT) over alleged indebtedness. Petrocam Trading Nigeria Limited in a suit marked FHC/L/CP/1702/20, brought before the court, pursuant to Order 19, Rule 1, of the Company Winding-Up Rules 2001, and under the Court’s inherent jurisdisction, is asking for the leave of the court to advertise the Premero’s…

Read More

Pharmacist, 4 others remanded over unlawful dealing in 182,000 tablets of Tramadol

Justice Lewis Allagoa of the Lagos Federal High Court, on Friday, ordered the remand of a 54 year-old pharmacist, Okafor Christian Chibuzor and four others, who were arraigned before the court for allegedly trafficking in 182, 000 brands of banned Tramadol. Others ordered to be remanded in the custody of the Nigerian Correctional Services (NCoS) are: Alhaji Siwidi Isyaku, Male 39 years, Aliyu Mohammed, 35years, Emmanuel Bassey, 63 years, Lawrence Ezekwe Nwachukwu, 42 years. Justice Allagoa made the remand order, after they all pleaded not guilty to the charges of conspiracy; unlawful…

Read More