Appeal Court Orders NICON To Pay N1.7bn Debt To Ecobank

The Lagos division of the Court of Appeal yesterday dismissed an appeal filed by NICON Group of Companies Plc challenging a judgment delivered by Justice Chukwujekwu Aneke of the Federal High Court, which ordered it to pay Ecobank Plc N1.7billion.

The appellate court presided over by Justice Jamilu Yammama Tukur in an unanimous judgment held that NICON could not complain that its rights to fair hearing were breached because its counsel was present when Ecobank’s lawyer, Kunle Ogunba (SAN) argued the application at the lower court.

Good News: Access Bank, Netherland FMO In N5bn Facility For Women

Access Bank Plc has signed a N5 billion ($30m) facility deal with the Netherlands Development Finance Company (FMO) for lending to Women in the Small and Medium Enterprises (SMEs) in Nigeria. The line of credit, according to Access Bank in a statement, will provide financial resources to women-owned small and medium scale enterprises in Nigeria.

Seven drug traffickers nabbed on one flight excrete 8.7kg cocaine

Forty-nine-year-old Fred Obi was about to board an Ethiopian Air flight from Abuja to Tel Aviv, Israel with a strange cargo allegedly concealed in his stomach when the law caught up with him. He had ingested 1.594kg of cocaine.

Tambuwal asks court to jail IG for contempt

Speaker of the House of Representatives, Mr. Aminu Tambuwal, has asked a Federal High Court in Abuja to summon the Inspector-General of Police, Mr. Suleiman Abba, to explain why he should not be jailed for disobeying the court order.

Tambuwal accused Abba of consistently disobeying the court order made on November 7, 2014, which directed parties in his substantive suit filed to stop his removal as a member and Speaker of the House of Representatives.

Remain vigilant, Jonathan tells Nigerians, condemns Kano mosque attack

President Goodluck Ebele Jonathan extends heartfelt condolences to the people and Government of Kano State over the heinous attack on the Central Mosque in Kano,Friday.
Kano mosque blast
He commiserates with all the families who lost their loved ones.  The President calls on relief agencies and medical personnel to deploy every possible effort to assist the injured, and the general public to heed the call for the donation of blood by the hospitals where the injured are being treated.

Senate President Again disregards letter of defection from defecting PDP senators To APC

The 11 Senators who have vocalised their intention to leave the ruling PDP for the APC have in the last couple of days preferred to discuss all of their political issues behind closed doors and away from the prying eyes of the media.

The matter has dragged on for over 2 weeks in a back and forth manner as the lawmakers searched for a political solution to the stand-off. A point of order by Senator Bukola Saraki was all that was needed to reopen the matter as soon as the senate resumed plenary.

Yoruba Will Regain Its Right of Place In My Next Administration----Jonathan

President Goodluck Jonathan yesterday said Nigeria would overcome her current challenges, just as he regreted the emergence of Aminu Tambuwal as Speaker of the House of Representatives at the expense of Mulikat Akande-Adeola, the Peoples Democratic Party preferred candidate for the position.

Raymond Dokpesi Resigns As DAAR Communications Chairman To go Into Politics

The chairman DAAR Communications Plc, Chief Aleogho Raymond Dokpesi has served notice to step down as chairman of the media conglomerates board of directors.

Dokpesi made his intention known this Thursday at the sixty-fifth meeting of the board of directors of the media outfit in Abuja.

PHOTOS: Peter Obi's Appearance in Agulu Market Arouses Mammoth Attraction

Immediate Past Governor on Anambra State, Chief Peter Obi appearance at Nwagwu Agulu Main market on saturday, in Aniocha LG.A. of the state, to purchase plantain and groundnut peas for consumption, aroused scores of market women who were amazed to see the the former governor who came in person to the market.
His appearance at the market place aroused boisterous welcome songs from women in the market, chanting victorious songs and calling on him in Igbo language to disregard whatever accusations from his political allies created to misrepresent his person but  assured him of their  support for his future political ambition.

92 Died In Recent Kano Bomb Blast

At least more than 92 people have been confirmed  dead and also more that 126 injured on Friday when two suicide bombers blew themselves up and gunmen opened fire during weekly prayers at a mosque of one of Nigeria’s top Islamic leaders. AFP reporter confirmed that 92peple dead at one hospital morgue...