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Falana to sue Malami for contempt over Sowore, Bakare

 Adebisi Onanuga   LAGOS lawyer, Femi Falana (SAN) has threatened to sue Attorney-General of the Federation  and Minister of Justice, Abubakar Malami (SAN) for contempt over continued detention of Omoyele Sowore and Olawale Bakare. In a letter by Falana to the Justice Minister titled, “Request for equal Compliance With Orders of British Courts and Nigerian […]

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Human Rights lawyer, Femi Falana (SAN), has threatened to sue Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), for contempt over the continued detention of Omoyele Sowore and Olawale Bakare.

In a letter by Falana to the Justice Minister titled, “Request for equal Compliance With Orders of British Courts and Nigerian Courts by the Federal Government of Nigeria),” the lawyer said with Federal Government’s compliance with the judgment of the  British Commercial Court in London  awarding  $9.6 billion in favour of P& ID, it should respect the judgment granting bail to Sowore and Bakare.

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He promised to pursue contempt proceedings against the Attorney General and the Director-General of the SSS, Yusuf Bichi, should the government fail to direct the release of his clients.

He wrote:

“Take notice that if you fail to accede to our request we shall be compelled to carry out the firm instructions of our clients to pursue the contempt proceedings which have been initiated against Mr. Yusuf Bichi, the Director-General of the State Security Service.

“In addition, we shall also report your good self and the prosecutor to the Nigerian Bar Association and the Legal Practitioners Privileges Committee for encouraging the State Security Service to treat orders of Nigerian Courts with disdain while you are anxious to obey the orders of British Courts”.

 

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324 stranded Nigerians expected from Turkey

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The Minister of Foreign Affairs, Mr Geoffrey Onyeama, says that another batch of 324 stranded Nigerians are airborne from Turkey, to arrive at the Nnamdi Azikiwe International Airport, Abuja on Sunday by 9 p.m.

The minister made the disclosure on his twitter handle @GeoffreyOnyeama on Sunday.

He said that the returnees were being conveyed by Turkish Airlines and Air Peace from Cyprus and Ankara, respectively.

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Onyeama said that the Turkish Airline conveying 238 evacuees departed Cyprus and would arrive in Abuja, while the Air Peace Airline with 86 passengers would land in Lagos and later proceed to Abuja for the rest of the passengers to disembark.

“@TurkishAirlines conveying 238 Nigerian evacuees and an infant from Cyprus has departed for Nnamdi Azikiwe International Airport, Abuja.

“@flyairpeace conveying 86 Nigerians is also airborne from Ankara #Turkey to Lagos and Abuja. Estimated time of arrival is 9.00 p.m.

“All evacuees will then self-isolate for the mandatory 14 days,” the minister twitter.

 

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Fidelity bank appoints Chike-Obi Chairman, as Ebi retires

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Fidelity Bank Plc has announced that two of its Board members, Mr Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr Seni Adetu who has been serving as an Independent Non-Executive Director, having successfully completed their tenure in accordance with the Bank’s internal governance policy, will be stepping down from the Board.

Under the Chairmanship of Mr Ernest Ebi, the Bank recorded significant growth across key financial metrics with both Messrs. Ebi and Adetu playing significant roles, complementing management effort in the delivery of these milestones; in service of the long term vision of the Bank. The Bank’s market share position has also been materially strengthened over this period.

The Board is also pleased to announce that the retiring Chairman will be succeeded by Mr. Mustafa Chike-Obi who is currently the Executive Vice Chairman at Alpha African Advisory.

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He has over 40 years of experience in investment banking and the financial services sector, working with reputable global investment banking and asset management firms. He provides overall leadership at Alpha African Advisory and has direct oversight over the capital raising division.

Prior to joining Alpha African Advisory, he was the inaugural CEO, Asset Management Corporation of Nigeria (AMCON), a Federal Government-backed institution, established to resolve the problem of non-performing loan assets of Nigerian Banks after the 2008 global financial crisis.

Mr Chike-Obi was Founding President at Madison Advisors, a financial services advisory and consulting firm in New Jersey, specializing in hedge funds and private equity investment advice. He holds a Bachelor’s degree in Mathematics from the University of Lagos (First Class Honors) and an MBA from Stanford University Graduate School of Business.

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Mr Ebi will, however, continue in the role until the in-coming Chairman assumes office, as part of the process of ensuring a smooth and successful transition. The changes being announced further attest to Fidelity Bank’s high governance standards and best practices in compliance with internal succession policies.

The outgoing Chairman expressed pride in the results that the Bank achieved during his time as Chairman. ‘I feel that the management team has consolidated on our plans to become one of the fastest-growing Banks in the country strongly rooted in technology only comparable with the best in the world.

I am confident that my successor will continue on that path to take the Bank to its next stage of growth and advancement.  I wish my successor, the management team, and the entire staff of Fidelity Bank the very best for continued success”, he said.

Adetu, the outgoing Independent Non-Executive Director, said,

“It has been an honor to be part of the Board over the last few years. Throughout this time, I have been humbled by the commitment and hard work of the Board and Management, and their passion for creating a truly global bank.

I am very grateful to them, as I am to Fidelity Bank’s many other stakeholders, with whom we have worked to build a long-term, sustainable business”.

The Managing Director/CEO, Fidelity Bank, Mr Nnamdi John Okonkwo, commended the contributions of the outgoing Board members, saying that the Board and indeed the bank has benefited immensely from their experiences and looks forward to continuing the Bank’s upward growth trajectory with the incoming Chairman Designate.

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Dolapo Badmus advises Nigerians on how to identify scammers

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CSP, Dolapo Opeyemi Badmus has revealed how people can identify a business that’s likely a scam. She warned people to avoid Ponzi schemes that promise huge returns on investment.

She added that banks and other financial institution won’t promise such a huge turnover on investment.

She wrote:

“Please what’s Binono Business! From all indications scammers capitalize on greed to get you off your hard earned sweat! Whoever is offering you 500k on investment of 100k is definitely a scammer! Even Banks and other financial institutions won’t give you such turnover …….I remember how one of my friends introduced Ponzi or whatever scheme to me then, she told me I will have X2 of any amount I invest….I told my friend that my grandmother had warned me early enough that “Ole lo n so ogun di ogoji”. (Only a thief thinks of free money doubling) you can only work hard to get your money doubled, not just giving to someone and expect it in double! Odikwa risky!!! Upon all my advice to her not to invest, she went ahead and committed all her life savings of almost 5M to the scheme! You want to know what happened!? Your guess is as good as mine…. till now she hasn’t recovered! It’s better I have my hard earned money with me than to commit it to a doomed adventure… Let’s all be careful of money doublers so we don’t fall victim! Scammers are real!!!!”

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