Court suspends hearing of EFCC’s application on Jonathan’s $5.8m

Justice Mojisola Olatoregun of a Federal High Court in Lagos has suspended further proceedings in the hearing of an application by the Economic and Financial Crimes Commission (EFCC) seeking permanent forfeiture of the sum of $5.8million belonging to a former first lady, Dame Patience Jonathan. The action was to allow the Court of Appeal, Lagos Division, decide on an appeal filed by Mrs Jonathan to challenge the temporary forfeiture of the money by the judge. Justice Olatoregun had on April 26, in a ruling on an ex-parte application by the…

Read More

Alleged N600m property fraud: Court adjourns suit against ex-CNS until June 14

An FCT High Court on Monday adjourned until June 14 the N600 million property fraud suit filed against retired Vice Admiral Usman Jibrin, a former Chief of Naval Staff (CNS). Justice Sadiq Umar, adjourned the matter for continuation of cross examination of Mr Abdulkadir Wakili, the fourth prosecution witness following an objection by Mr Yakubu Maikya (SAN), Jubrin’s counsel. He objected to a document, which the Economic and Financial Crimes Commission (EFCC) wanted to tender. Jibrin was on May 25, 2016 arraigned on a four-count charge bordering on criminal conspiracy…

Read More

Man, 25, in court for alleged rape

  A 25-year-old unemployed, Sunday Salami, on Monday appeared before an Ikeja Chief Magistrates’ Court on Monday for alleged rape. The accused is facing a charge of allegedly raping his neighbour’s daughter. The prosecutor, Insp. Clifford Ogu, told the court that the accused committed the offence on May 11 in his residence at Burahimo Street, Bariga in Lagos State. Ogu said that the accused invited a 14-year-old girl, daughter of his neighbour, into his room on the pretext that he was sending her on an errand. “The accused shut the…

Read More

How Wizkid fashioned a new sound that won global appeal

During the summer of 2012, one of the biggest UK chart hits was Oliver Twist, the feelgood pop and Afrobeat mashup that mirrored the lascivious desires of D’Banj, the energetic Nigerian singer then on the roster of Good Music, whose frontman Kanye West had a cameo appearance in the video. This summer, it’s another Nigerian singer, Wizkid, whose name is a fixture all over the charts. With two songs – the groovy reggaeton hit Daddy Yo and a collaboration with the Canadian rapper Drake on Come Closer – on the…

Read More

Arsenal’s not for sale, Kroenke tells Usmanov

Arsenal majority shareholder Stan Kroenke says his shares “are not, and have never been, for sale”. The American’s company released a statement on Monday following the recent £1billion bid by Alisher Usmanov to take full control of the Gunners. Kroenke Sports and Entertainment added it was “a committed, long-term investor in Arsenal and will remain so”. The statement comes a day after Arsenal failed to qualify for the Champions League for the first time in 20 years. Kroenke has a 67% stake in Arsenal. Usmanov owns 30% but is not…

Read More

S&P assigns ‘B/B’ ratings, stable outlook to UBA

International Rating Agency, Standard and Poor’s, assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc. These ratings on the pan African financial institution are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating is the highest rating currently assigned to any Nigerian-based financial institution, thus reinforcing the respectable quality and strength of UBA, the third largest Nigerian-based bank by total assets, deposits and profits. The rating agency noted that UBA’s market position is…

Read More

Adeleke: Coroner fixes May 29, for final verdict

The Coroner Inquest set up by Osun Government to investigate the cause of death of Sen. Isiaka Adeleke has fixed May 29 to give its final verdict on its findings. The Coroner, Chief Magistrate Olusegun Ayilara made this known during the court’s sitting on Monday in Osogbo. Ayilara said that the court commenced sitting on May 10, and 10 out of the 15 respondents summoned by the court had appeared before it. “This court summoned 15 persons to appear before it, an advertisement which was published on May 11 in…

Read More