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Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
TUC opposes sale of Port Harcourt refinery
File Photo The Trade Union Congress (TUC) is opposed to the sale of the Port Harcourt Refinery as canvassed by many Nigerians, its secretary-general, Musa Lawan, has said. The Federal Executive Council last week approved $1.5 billion (about N600 billion) for the rehabilitation of the 210,000 barrels per day refinery. The FEC approved the amount at its virtual meeting presided by President Muhammadu Buhari. The approval came amidst a controversial price increase in the pump price of petrol that was later reversed. Although Nigeria has four refineries, all government-owned, it currently imports virtually all its refined petroleum products. The approval for the Port Harcourt Refinery was greeted with mixed feelings as the country in the past spent billions of dollars on refinery maintenance w...
Imo JSC fires two magistrates over ‘professional misconduct’
The Imo state Judicial Service Commission (JSC) has dismissed Magistrate G.C Okoli over alleged misconduct and placed suspension on another Magistrate C.P Nnoromele from further sitting, pending conclusion of series of petitions against her. Newsmen gathered that the dismissal notice served on G.C Okoli was signed by the Chief Registrar C.N Okereke on 22nd of this month. The memo which in part read, “Judicial Service Commission at its meeting held on March 16, considered the petition written against four magistrates in the state approved the immediate dismissal of His Worship G.C Okoli from judicial service of Imo state. “The commission further reprimanded and issued a strong warning letter to His Worship A.C Uzoma. “It further directed His Worship C.P Nnoromele to stop sitting pending the...
Nobody Is the Premier Dad Film of 2021: Review
The Pitch: Hutch Mansell’s the name, and accounting is his game. Bob Odenkirk is Mansell, a five o’clock shadow of a human being, working in a warehouse as the back-office calculator. He drones day in and day out, running the numbers for louder and more macho men. His son hates him. His wife sleeps with a pillow between them. His life is the very model of suburban repression and depression, but beneath the pale exterior lies a sleeping giant. Prior to accountancy, Hutch was a homicidal “accountant” for “all the places with acronym names”, as he puts it. He was once a veritable James Bond, with an affinity for swift completions and anonymity. Now, no more. It’s all Restoration Hardware décor and vinyl collections for lame old Hutch. But where most men spend their midlife crises on cars, boa...
Chelsea owner takes legal action over ‘Putin’s People’ book
Chelsea owner Roman Abramovich has launched legal action for defamation over the book Putin’s People. The Blues owner’s case relates to “a number of false and defamatory claims made about our client in the book published by HarperCollins.” The book was written by author Caterine Belton and contains a number of claims about Abramovich and others close to Russia president Vladimir Putin. Abramovich’s statement, published on Chelsea’s club website, says: “Today my legal representatives have issued legal proceedings in England in relation to a book that was published in the UK. The book contains a number of false and defamatory statements about me, including about my purchase, and the activities, of Chelsea Football Club. “Today’s action was not taken lightly. It has never been my ambition to ...
World Forest Day: Nigeria’s forests reduced to less than 25% – environmentalists
Some environmentalists on Monday said that unwholesome human activities had reduced the nation’s forest resources to less than 25 per cent. The environment experts made the assertion during an event in Lagos State to commemorate the 2021 World Forest Day, held every March 21, to raise public consciousness on conservation of forests. Newsmen report that the theme of the 2021 edition is “Forest Recovery, a Path and Wellbeing’’. The environmentalists, who envisaged danger as a result of depletion of forests, advised Nigerians to always replenish nature, whenever their activities caused violation of nature. At the event, Executive Director, Sustainable Research and Action for Environmental Development, Nigeria, Dr Leslie Adogame, said “with reduced forestry resources the human habitat is under...
Rumble in Edo as governor runs government without cabinet
Precisely 129 days into his second tenure as governor of Edo State after his election on September 20, 2020 and inauguration on November 12, 2020, Godwin Obaseki, has not formed his cabinet. This has generated some flaks from different quarters, including the opposition party, All Progressives Congress (APC), constitutional lawyers, political analysts, public commentators, residents among others. While others feel that Obaseki has not committed any crime or breached any law, others believe that he is running a one-man administration and must go ahead to form his cabinet. They argued that going by Section 192 of the 1999 Constitution, the governor is obliged to form a cabinet, saying this is a circumvention, which the state House of Assembly should take action on. Obaseki had said that his ...
Justice Onnoghen: Why I was sacked as CJN
The Leader Former Chief Justice of Nigeria, Walter Onnoghen, on Friday, stressed that Nigeria as a nation may not record any meaningful achievement in life until they are able to free the nation’s judiciary from the stronghold of politicians. Onnoghen who spoke publicly for the first time since his removal from office two years ago, attributed his sack to political manuevre. The former CJN, who was speaking at the unveiling of a book titled ‘Fundamental Rights (Enforcement Procedure) Rules, 2009, Practice, Procedure, Forms and Precedents’, by a legal luminary, Chief Ogwu James Onoja (SAN), attributed his sack to political intrigues. Onnoghen revealed that prior to his removal, he was accused by the executive of having met with former Vice President, Alhaji Atiku Abubakar in Dubai, United A...
Imo teachers protest non-payment of 12 months salaries
Primary and secondary school teachers in Imo State on Thursday staged a peaceful protest over the state government’s failure to pay their salaries for 12 months consecutively. Newsmen reported that the protest, which was held in front of the Government House, Owerri, temporarily halted human and vehicular movement in the area. It was learnt that the action was triggered by Governor Hope Uzodinma’s claim that teachers who had yet to receive their salaries were ‘ghost workers.’ The protesters carried placards with inscriptions, such as “Uzodimma lied to Imo people on teachers’ salary”, “We are not ghost workers, we have our employment letters, please pay us” and “Uzodimma come and see us and prove we are ghost workers.” The teachers, who wore long faces, alleged that they were last paid in F...
Umahi urges women to maintain priorities as mothers
File Photo The wife of the governor of Ebonyi State, Rachael Umahi, has urged women faithful to maintain their priorities as mothers and stick to God’s word for a better family. Mrs Umahi made the call on Sunday at the 2021 Mother’s Day celebration at the Christ Embassy Church, Abakaliki. The governor’s wife encouraged the women to also remain committed in the faces of challenges and continue to dwell in the word of God for a better life as well. “We must be excellent women in action, pillars of blessings and develop ourselves with God’s word for development. “We must also learn to tell our husbands bitter truth base on the words of God for the well-being of family and society. “Live out dreams in you every day, train your children to love and share,” Umahi said. Speaking, the Pastor in ch...
Osun government condemns killing of family of six by gunmen
The Osun Government has condemned the killings of six family members at Wasinmi in Irewole Local Government Area of the state by unknown gunmen. Newsmen report that the Police Command in the state had confirmed the killings which took place on Saturday night. Mr Benedict Alabi, the state Deputy Governor, who paid a condolence visit to the bereaved family on Sunday, described the killings as disheartening and unfortunate. Alabi, who was received by scores of family members of the deceased and some leaders in the community, described the incident as a case of brutal assassination. The deputy governor assured the community that the perpetrators would be brought to book in no distant time. He added that the state government had ordered the security agencies in the state to fish out the perpetr...
UFC star Israel Adesanya tenders apology after ‘rape’ comment
UFC star Israel Adesanya has apologized to fellow fighter Kevin Holland after he came under attack for his rape comment. Isreal Adesanya made the “rape comment” while trash-talking Holland in a since-deleted video. “Bro, I will fuckin’ rape you,” Adesanya said in an Instagram video directed at Kevin Holland, who had targeted him with a series of insulting remarks. However, in a statement on Friday morning, the Nigerian-born New Zealand MMA fighter said he “crossed the line” and he understands the gravity of what he said. The statement on Adesanya’s official Twitter account reads: “Last week fight talk escalated to a point in which I crossed the line. I understand the gravity of this word and how it can affect and hurt other people apart from my opponent, although that was never my intentio...