N69.4bn debt: Possessory Order on Jimoh Ibrahim’s seized assets stays- AMCON

Justice Okon Abang of the Federal High Court, Abuja who presided over the case between the Asset Management Corporation of Nigeria (AMCON) and Barrister Jimoh Ibrahim on Monday February 22, 2021 reviewed the order of January 4, 2021 without prejudice to the power of AMCON to appoint a Receiver. In the same vein, Justice Abang did not challenge the powers of AMCON under Section 48 of the AMCON Act as amended to appoint a Receiver to manage the assets of Jimoh Ibrahim who is also the Chief promoter of Global…

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Ex-bank manager bags 19 imprisonment over N29m fraud

A former acting managing director of Century Microfinance Bank Limited, Olise Robinson, was today, convicted and sentenced to a total of 19 years imprisonment for stealing N29 million belonging to the bank. The former bank boss was handed down the jail terms by Justice Okon Eferiti Abang, who found him guilty of five counts charge of stealing, forgery of signature and uttering of documents, which he used in carrying out the fraudulent act, criminal breach of public trust made against him by the Police’s Special Fraud Unit (SFU), Alagbon-Ikoyi, Lagos.…

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Court sentences AG Moeller’s MD, Adeloye Oluwakemi to 16 yrs imprisonment

Justice Okon Abang, Adeloye Olukemi, AG Moeller Nigeria Limited, Justice Okon Abang of the Federal High Court  has sentence and convicted both AG Moeller Nigeria Limited and its Managing Director, Adeloye Olukemi, for operating financial business without a valid Central Bank of Nigeria (CBN) licence. Both convicts were arraigned before the court on a 5 – count charge bordering on conspiracy , felony, fraud and operating financial business without a valid CBN licence.  In the charge against the duo, Prosecution accused the convicts of obtaining the sum of N80 million…

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