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Daily Archives: December 21, 2017

Oba of Benin suspends Chief !

¬†Oba of Benin, Oba Ewuare II, has suspended the Odionwere (elder)of Egbirhe community, Mr. Napoleon Omobude and three others over their alleged involvement in the assault of palace emissaries who were sent to the community to demarcate the boundary between the community and Okhoromi. According to a statement by the spokesman of the Oba, Desmond Agbama, the suspension which was ... Read More »

$1.1billion Malibu Scandal:Shell, ENI Executives to face trial in Nigeria-Italian Judge

Royal Dutch Shell Plc and Eni SpA senior executives will face trial for alleged¬† $1.1 billion bribery in Nigeria, an Italian judge ruled yesterday. The trial will start on March 5 in Milan, Justice Giusy Barbara ruled. The long-awaited decision, initially expected several months ago, will not only affect the two companies but 11 individuals, including Eni CEO Claudio Descalzi. ... Read More »

N1.47billion Fraud: Innoson Boss released by EFCC

Adeleke Adeosun The Economic and Financial Crimes Commission has released Nnewi, Anambra-State born Industrialist, Chief Innocent Chukwuma on bail. The business man who runs a local auto assembly plant was arrested on Tuesday December 19, 2017 at his Enugu residence, following his refusal to respond to invitations by the Commission, after initially being granted administrative bail by the Commission, while ... Read More »

Stephanie Coker’s husband, Olumide Aderinokun docked over Lekki Land deal

The Lagos State Government on Wednesday arraigned a brother of late founder of Guaranty Trust Bank (GTB) and property developer, David Olumide Aderinokun and a staff of the New Town Development Authority (NTDA), Balogun Adeniyi Abdul-Wakil before an Igbosere Magistrate Court over alleged conspiracy, forgery, stealing and property fraud on parcels of land in Lekki Peninsula estimated at 2678.068 square ... Read More »

AWLO’s holds successful Induction in Uyo, Akwa-Ibom State

African Women in Leadership Organisation (AWLO) Induction 2017 was a series of events namely; #1Mother1Child Awareness Walk, Leadership Workshop, and Induction Dinner & Awards on 15th December 2017. The #1Mother1Child Awareness Walk is crucial in spreading the word about the #1Mother1Child initiative of AWLO to give children from poor backgrounds a fair chance at education. The walk constituted a huge ... Read More »

#InnosonvsGTB: The N8billion Spell-binding Story Of Corporate & Legal Gymnastics

By Yinka Ogunnubi   There have been furore over the arrest of Mr. Innocent Chukwuma, the owner of Innoson Limited by the Economic and Financial Crimes Commission (EFCC) and many familiar with the case say it is a mere diversionary measure. According to a series of posts on twitter, Yinka Ogunnubi who is familiar with the case noted that the ... Read More »