AMCON dismisses reports on debt profile of Nwankwo Kanu’s Hardley Apartments as inaccurate

The Asset Management Corporation of Nigeria (AMCON) has dismissed media reports on the debt profile of Nwankwo Kanu’s Hardley Apartments, describing the reports as inaccurate stories that are sponsored and published in the media to mislead the public and whip up sentiments for former Super Eagles player, Mr. Nwankwo Kanu.   A statement signed by Mr. Jude Nwauzor, Head, Corporate Communications, the Corporation was quoted to have said, “AMCON is not in the habit of joining issues with obligors on the pages of the newspapers especially when the matter is…

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Police arraign father, son over N44.3m fraud

A 62 year-old man, Adeyanju Gbadegesin Louis, and his son, Mark Oluwaseun Adeyanju, were today, arraigned before an Igbosere Chief Magistrate’s Court, Lagos, for allegedly defrauding an agricultural firm, ‘Than Farm Limited of the sum of N44, 844, 450 million, under the pretence of supplying the company cashew nuts. Both the father and son alongside their company, Society Adeglobal Resources, located at Plot C55, Amuwo-Odofin Industrial Estate, Lagos, were arraigned before Chief Magistrate O. O. Oshin (Mrs), on two count charges of obtaining the said sum under false pretence and…

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AGF charges Ceecon Energy Oil & Gas boss for N2.066bn fraud

The Attorney-General of the Federation (AGF) has charged an oil marketer, Chima Anyaso alongside his company, Ceecon Energy Oil and Gas Limited, before a Federal High Court, Lagos, on a three count-charge bordering on forgery and N2,066,400 billion fraud. AGF in charge marked FHC/L/332c/18, alleged that the oil marketer of 16, Babatunde Dabiri Street, Lekki Phase with company’s Cooperate office located at third floor of Worth Plaza, of Olaza 307, Suit 301, Adeola Odeku Street, Victoria Island, Lagos, was alleged to have committed the offence on or about February 21,…

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Ecobank witness reverses self in N5.5b debt case against Honeywell Group

A defence witness in the hearing of the legal tussle between Honeywell Group of Companies and Ecobank Nigeria PLC over a disputed N5.5 billion Debt today reverses himself from the earlier evidence he gave on Friday when he admitted that the payment of N3.5billion concessionary payment granted to Honeywell Group was tied to the exit of the Central Bank of Nigeria, CBN Examiners from the bank. At the resumed hearing of the matter today, Mr Elemi Agbor a staff of Ecobank Nigeria under cross examination from Honeywell counsel, told Justice…

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Dangote’s staff bags 5 years jail term for N15m fraud 

A staff of Dangote Cement company, Adewale Dameilda was today, sentenced to five years imprisonment by an Ogun State High Court, sitting at Abeokuta, for stealing N15 million belonging to his employer. Dameilda was given the jail-term alongside Ibrahim Lawal, Afeez Olaniba and Lukman Adam, by Justice O. J. Bamgbose. Justice Bamgbose sentenced the four convicts to the jail term after founding them guilty of two count charge of conspiracy and stealing levelled against them by the Economic and Financial Crimes Commission (EFCC). Dameilda was sentenced to two and half years…

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NDLEA urges Court to dismiss Kashamu’s extradition suit 

The National Drugs Law Enforcement Agency (NDLEA) has urged a Federal High Court, Lagos, to dismiss fundamental rights enforcement suit, filed by Buruji Kashamu, seeking to stop security agencies from extraditing to the United State of America (USA), over drug related offences. Kashamu, a Senator representing Ogun East at the National Assembly, in a suit marked FHC/L/CS/930/2018, filed by his lawyer, Ifeoma Esom, dragged Inspector-General of Police (IGP), Commissioner of Police Lagos State,  NDLEA and Attorney-General of the Federation (AGF) before the court presided over by Justice Chukwujekwu Aneke, seeking…

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Animal skins dealer docked for defrauding Chinese N10m

A man who claimed to be a dealer in animal Skins, Ifeanyichukwu Philip, has been arraigned by the Police for allegedly defrauding a China national, Feng Zhao Zhu, of the sum of N10 million, under the pretence of supplying him donkey skins. The 49 year-old Ifeanyichukwu was arraigned before Chief Magistrate Afolashade Bokoku, on charges bordering on obtaining under false pretence, fraudulent conversion and stealing, by the men of General Investigation Department of Force Criminal Intelligence and Investigation Department (ForceIID), Alagbon-Ikoyi, Lagos. The police in the charge marked B/04/19, alleged…

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Otudeko, other witnesses to appear in Court Monday over disputed N5.5bn debt

Chairman of Honeywell Group of Companies, Dr. Oba Otudeko may appear in court tomorrow, Monday to give evidence in the suit over an alleged N5.5 billion indebtedness. This was consequent upon the directive of Justice Ayotunde Faji of the Federal High Court, Lagos, asking Ecobank Nigeria Limited to bring to court all his witnesses in its legal tussle with the Honeywell Group of Companies Limited. When the matter came up for hearing on Friday, first plaintiff witness Oluwakemi Olanrewaju Owasanoye, Head of Treasury and Finance to Honeywell Group of Companies while…

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Alleged N5.5bn debt: Honeywell, Ecobank suit resumes afresh

Legal battle between Honeywell Flour Mill Plc and Ecobank Plc over disputed N5.5 billion debt resumed afresh today before Justice Ayotunde Faji of the  Federal High Court, Lagos.        The legal hostility have to commence afresh  due to the former trial judge, Justice Mohammed Idris elevation to the Court of Appeal. It would be recalled that at the last hearing of the matter, Justice Idris (now Appeal Court Judge) adjourned the matter indefinitely following an interlocutory  appeal filed by Ecobank PLC challenging his refusal to recuse himself from hearing the…

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Man faces trial for defrauding BDC operators of N93m

The men of Zone 2 Command of Nigeria Police, Onikan-Lagos, on Thursday, commenced the trial of a 44 year-old, Kalu Ogbogu Dike, who was alleged to have defrauded two Bureau De Change (BDC) Operators of the sum of N93 million, before a Federal High Court, Lagos. Those allegedly defrauded by the defendant are: Danladi Ibrahim and Alhaji Ismaila Isa. The defendant and others now at large, according to the Police prosecutor, Mr. Justin Enang, had on July 27, 2017, approached the BDC operators at about 5 20 p.m., on Airport…

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