Tag: COURT ORDERS

Paris/London Club Loan: Court Orders Temporary Forfeiture Of N1.4b

Filed in News by on October 14, 2017 0 Comments
Paris/London Club Loan: Court Orders Temporary Forfeiture Of N1.4b

The Federal High Court in Lagos yesterday ordered the temporary forfeiture of N1.4bilion, being part of Paris/London Club loan, to the Federal Government. The Economic and Financial Crimes Commission (EFCC) said N1,442,384,857.84 was fraudulently obtained from the states through the Nigerian Governors Forum (NGF). Justice Mojisola Olatoregun made the order based on an ex-parte application […]

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Ekiti PDP Crisis: Appeal Court Orders Stay Of Execution

Filed in News by on March 24, 2017 0 Comments
Ekiti PDP Crisis: Appeal Court Orders Stay Of Execution

The Court of Appeal in Ado-Ekiti has ordered a stay of execution of the judgment of the Federal High Court, which granted official recognition to the Williams Ajayi led executive of the Peoples Democratic Party (PDP) in Ekiti State. The order of the appellate court granted a temporary relief to the Gboyega Oguntuase-led executive, which […]

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Court Orders NAMA Boss, Officials To Forfeit N3.4bn, Properties

Filed in News by on March 11, 2017 0 Comments
Court Orders NAMA Boss, Officials To Forfeit N3.4bn, Properties

Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Friday ordered the temporary forfeiture of sums of N3, 468,933,487.8 and $67, 586.27 found in possession of the Managing Director of the Nigeria Airspace Management Agency, Ibrahim Abdulsalam, and 11 others. Also ordered by the judge to be temporarily forfeited to the Federal Government […]

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Court Orders Release Of El-Zakzaky, Wife, Awards N50m Damages

Filed in News by on December 3, 2016 0 Comments
Court Orders Release Of El-Zakzaky, Wife, Awards N50m Damages

The Federal Government must release the leader of the Islamic Movement in Nigeria, also known as the Shi’ite sect, Sheikh Ibraheem El-Zakzaky, and his wife, Zeenat, from detention into an accommodation that must be provided for them within 45 days, a Federal High Court in Abuja ordered on Friday. The sect leader and his wife […]

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Court Orders Stanbic Ibtc To Pay N5.5bn Debt

Filed in News by on September 27, 2016 0 Comments
Court Orders Stanbic Ibtc To Pay N5.5bn Debt

A Federal High Court in Lagos has ordered Stanbic IBTC Plc to, within 14 days, pay a debt of N5,507,570,850.12 to one Longterm Global Capital Limited and three others. Justice Mojisola Olatoregun-Ishola, who made the order on Monday, directed Stanbic IBTC to move the fund into an interest-yielding account in United Bank for Africa in […]

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