Alleged N125b fraud: Keystone Bank furnishes Court with documents used by Atuche, Ojo

Keystone Bank Plc, today, furnished Justice Ayikunle Faji, of a Lagos Federal High Court, with the minutes of 38 Board of Director General Meeting held on July 2008, at Victoria Island, Lagos, in compliance to the subpoena issued by the court, in the trial of alleged N125 billion fraud trial of Mr. Francis Atuche and Charles Ojo, who were former managing directors of the defunct, Bank PHB and Spring Bank Plc. Justice Faji had issued a subpoena directing Keystone Bank Plc, to produce the document, at the last hearing of…

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Court declines to stop FG from auctioning 10 Marginal Oil Fields

A Federal High Court, Lagos presided over by Justice Chukwujekwu Aneke has refused to stop the federal government from auctioning 10 revoked Marginal Oil Fields, by dismissing an application for interlocutory injunction filed by the Operators. Justice Aneke dismissed the application for orders of interlocutory injunction on Friday July 24 while delivering ruling on the application filed by the Marginal Oil Field Operators against the Minister of Petroleum Resources, Attorney-General of the Federation (AGF) and the Director, Department of Petroleum Resources (DPR), Engineer Auwalu Sarki, who were the Defendants, on…

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