Remodelled
Obudu contract debt: Appeal court reserves judgment against Cross River
The Abuja division of the Court of Appeal has reserved judgment in the appeal filed by a private firm, Zedici Capital Ltd, against the Cross River State Government over a N3.8 billion contract debt. The appellant, Zedici Capital Ltd, is the firm that remodelled the Obudu Mountain Resort in Cross River State, now a subject of litigation. The three-member panel of the Court of Appeal, headed by Justice Peter Ige, reserved the date after counsel to the parties had adopted their legal submissions for and against the appeal, that is challenging the judgment of a High Court of the Federal Capital Territory (FCT), which had in 2019, refused to affirm the arbitral award to Zedici Ltd over its investment of N3.8 billion in the resort. Justice Ige announced that a date for the judgment would be comm...
LOC: Nigerian government yet to release funds for 20th National Sports Festival
The Federal Government is yet to release the funds it promised Edo for the hosting of the 2020 National Sports Festival (NSF) with less than a week to its commencement. Musa Ebomhiana, a Project Manager in the Media and Communications Sub-Committee of the festival’s Local Organising Committee (LOC), disclosed this on Sunday in Benin. He told newsmen however that, while the Edo State Government still remained hopeful the fund would be released, an early release would be better. “This will ensure smooth planning for the nation’s number one sports fiesta,” he said. Ebomhiana pointed out that the need to have a smooth planning was the reason the state’s Deputy Governor, Philip Shaibu, had last week appealed for the funds’ early release. “We are taking seriously the promise by the Minister of Y...
