Loggerheads
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...
Ebonyi governor pledges to abide by peace pact with political opponents
Gov. David Umahi of Ebonyi has pledged to abide by the peace pact he made with political opponents in the Peoples Democratic Party (PDP). Umahi made the pledge on Tuesday at his hometown Uburu, Ohaozara Local Government Area of the state while briefing newsmen after a state Security Council meeting. The News Agency of Nigeria (NAN) reports that the state founding fathers forum in conjunction with the Catholic Church in Ebonyi, recently organised a peace meeting between Umahi and stakeholders of the PDP in the state. The stakeholders include former Senate President, Sen. Pius Anyim, former Gov Sam Egwu among others whom had been at loggerheads with since his defection to the All Progressives Congress (APC). The governor urged his supporters to cease all attacks, saying that he had ‘moved on...
South Sudan rivals face fresh feud over control of states
South Sudan’s main rivals were at loggerheads Friday over who will control the country’s 10 internal states, an issue that analysts and diplomats worried could jeopardise a power-sharing deal reached earlier this year. President Salva Kiir and rebel leader Riek Machar, old foes whose fallout in 2013 sparked a civil war, agreed on February to form a new government after intense international pressure to deliver lasting peace to the conflict-torn country. But while they managed to name a cabinet in March, they have yet to strike a deal on who can appoint governors to the states. On Thursday night Kiir announced a breakthrough on the state’s issue, saying his party would appoint six governors while Machar’s would appoint three. The remaining state would be governed by the South Sudan Oppositi...
