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Washington denies Iran state media report saying prisoner swap agreed

The United States on Sunday denied a report by Iran’s state television that the arch-foes had reached a prisoner swap deal in exchange for the release of $7 billion frozen Iranian oil funds under U.S. sanctions in other countries. Iranian state television said on Sunday that Tehran would free four Americans accused of spying in exchange for four Iranians held in the United States and the release of $7 billion in frozen Iranian funds. The U.S. government denied that an exchange was in the works. The state TV, quoting an unnamed Iranian official, also said British-Iranian national Nazanin Zaghari-Ratcliffe would be released once Britain had paid off a debt on military equipment owed to Tehran. A British Foreign Office official played down that report. Iran and world powers are holding talks ...

Appeal Court strikes out Facebook’s appeal against trademark judgment

The Court of Appeal sitting in Lagos, Tuesday, dismissed Facebook’s appeal challenging the judgment of a Federal High Court, Lagos, which awarded N10 million against it (Facebook) in favour of a Nigerian firm, Double Paws Enterprise, as damages for unlawfully interfering with the use of the firm’s trademark. The appellate court justices that decided the matter were Justices Haruna Tsammani, Oluwayemisi Williams-Dawodu, and Abdullahi Bayero. Justice Bayero read the lead judgment. Facebook had appealed the lower court judgment through its counsel, Jackson Etti. However, counsel to the respondent, Double Paws Enterprise, was Mr Gideon Okebu. Facebook challenged the competence of the appeal and urged the Appeal Court to dismiss the same for being fundamentally flawed. Justice Bayero in the lea...