Endorses Agenda
By Mmaduabuchi Onwumelu
The Executive Governor of Anambra State, Prof Chukwuma Soludo, last Saturday, alongside top government functionaries, power brokers, Captains of industry, technocrats, job creators attended the Solution Team Organization Anambra Central Zonal Mega Rally in Awka , Anambra State Capital.
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APGA National Chairman, others to attend NUJ press week on Thursday
...as Igwe Onyido recieves honour as Anambra 2023 NUJ Man of The Year
By Mmaduabuchi Onwumelu
Anambra State Governor, Professor Chukwuma Soludo, the Speaker Anambra State House of Assembly, Rt. Hon. Somtochukwu Udeze, and the Chief Judge of Anambra State, Hon. Justice Onochie Anyachebelu are expected to attend the 2023 Press Week , Media summit and Anambra NUJ Man of The Year Award ceremony of the Nigeria Union of Journalists, NUJ Anambra State Council in Awka on Thursday ,2nd November 2023.
Endorses Agenda
By Mmaduabuchi Onwumelu
The Executive Governor of Anambra State, Prof Chukwuma Soludo, last Saturday, alongside top government functionaries, power brokers, Captains of industry, technocrats, job creators attended the Solution Team Organization Anambra Central Zonal Mega Rally in Awka , Anambra State Capital.
.jpeg)
APGA National Chairman, others to attend NUJ press week on Thursday
...as Igwe Onyido recieves honour as Anambra 2023 NUJ Man of The Year
By Mmaduabuchi Onwumelu
Anambra State Governor, Professor Chukwuma Soludo, the Speaker Anambra State House of Assembly, Rt. Hon. Somtochukwu Udeze, and the Chief Judge of Anambra State, Hon. Justice Onochie Anyachebelu are expected to attend the 2023 Press Week , Media summit and Anambra NUJ Man of The Year Award ceremony of the Nigeria Union of Journalists, NUJ Anambra State Council in Awka on Thursday ,2nd November 2023.
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Justice Nicholas Oweibo of the Federal High Court sitting in Lagos on Wednesday struck out a charge filed by the Asset Management Corporation of Nigeria, (AMCON) against Senator Ifeanyi Patrick Uba and his company, Capital Oil and Gas limited over an alleged N135 Billion indebtedness.
The judge struck out the charge following an oral application by AMCON's Counsel, Oluwaseun Onabowu seeking a withdrawal of the case.
At the last sitting in June this year, the court had directed that criminal summons be issued on Senator Ubah and his company.
On Wednesday, counsel to the complainant informed the court that consent Judgements had been reached in related cases in Abuja, the Federal Capital Territory, and therefore urged that the charges filed against the Defendants be struck out.
Counsel to the Defendants, Ifeoma Esom also confirmed to the court that agreements have been reached with the complainant.
Consequently, Justice Oweibo in a bench ruling struck out the change.
The charges as stated in the amended charge number FHC/L383/C/2019 read;
"That you, Ifeanyi Patrick Ubah, and Capital Oil and Gas Industries Limited, sometimes between 2012 and 2018, in Nigeria and within the jurisdiction of this honourable Court, conspired together in making false claims in relation to the actual values of certain assets transferred to Asset Management Corporation of Nigeria (AMCON) under the Consent Judgment delivered in Suit No FHC/L/CS/714/2012 - AMCON v. Capital Oil and Gas Industries Limited & Mr. Ifeanyi Patrick Ubah on the 1st day of July, 2013 in partial payment of the indebtedness of Capital Oil and Gas Industries Limited with a view to defeating the realisation of the said judgment debt of Capital Oil and Gas Industries Limited to AMCON then standing in the sum of 135Billion Naira contrary to Section 54(1)(a) and (d) of the Asset Management Corporation of Nigeria Act, 2010 (as amended) and punishable under the same Section of the Act.
"That you, Ifeanyi Patrick Ubah, and Capital Oil and Gas Industries Limited, sometimes between 2012 and 2018 in Nigeria and within the jurisdiction of this honourable Court, being guarantor and debtor respectively, negligently, wilfully or recklessly made a statement or gave information knowing it to be false in relation to the actual values of the assets transferred to AMCON under the Consent Judgment delivered in Suit No. FHC/L/CS/714/2012 -AMCON v. Capital Oil and Gas Industries Limited & Mr. Ifeanyi Patrick Ubah on the 1st day ofJuly, 2013 in partial satisfaction of the outstanding loan of N135 Billion Naira owed to AMCON contrary to Section 54(2) of the Asset Management Corporation of Nigeria Act, 2010 (as amended)and punishable under the same Section of the Act.
"That you, Ifeanyi Patrick Ubah and Capital Oil and Gas Industries Limited, sometimes between 2012 and 2018 in Nigeria and within jurisdiction of this honourable did obstruct
the implementation of the provisions of the AMCON Act vis-avis the realisation of part of your outstanding debt of 135Billion Naira by frustrating the sale of of the landed property at banana island to Dayspring Development Company Limited,which property you both transferred to AMCON by virtue of consent judgement delivered by this honourable court on the 1st day of July,2013 in suit No FHC/CS/714/2012-AMCON V Capital Oil and Gas Industries Limited &Mr. Ifeanyi Patrick Ubah and which act is contrary to Section(5)of the Asset Management Corporation ar Nigeria Act, 2010 (as amended) and punishable under the same Section of the Act.
"That you, Ifeanyi Patrick Ubah and Capital Oil and Gas Industries Limited sometimes between 2018 and 2019 in Nigeria and within the jurisdiction of this honourable Court, did fraudulently convert the loan given to Capital Oil and Gas Industries Limited (the company) and the proceeds derived there from under a direction that same be invested in the company's business to funding campaign for the election of you, Ifeanyi Patrick Ubah, into the Anambra South Senatorial District seat of the Senate of the Federal Republic of Nigeria in 2018 - 2019, and which act is contrary to Section 383(2) and punishable under Section 390 both of the Criminal Code Act, Cap C38 of the Laws of the Federation of Nigeria.
"That you, Ifeanyi Patrick Ubah and Capital Oil and Gas Industries Limited sometimes between 2011 and 2019 in Nigeria and within the jurisdiction of this honourable Court, being mortgagors of properties listed In the Consent Judgment of this honourable Court in Suit No. FHC/L/CS/714/2012 - AMCON V. Capital Oil and Gas Industries Limited & Mr. Ifeanyi Patrick Ubah, with intent to induce Asset Management Corporation of Nigeria (AMCON) to accept the title offered with respect to the said properties and with intention to defraud, concealed from the said AMCON instruments material to titles to the said properties which you subsequently failed to produce and thereby committed an offene contrary to Section 423 of the Criminal Code Act and punishable under the same Section of the Act".
The management of Enugu Electricity Distribution Company (EEDC) has charged its staff to raise the benchmark to ensure continuous optimal quality service delivery to its esteemed customers in the South-East.
The Africa Center for Entrepreneurship and Information Development (ACEIDEV), an NGO, has reaffirmed its unwavering commitment to advancing the proposed Enugu State Public Health Securities Bill through vital advocacy visits.
The leader of the ACEIDEV team, Mr. James Ugochukwu, gave the assurance after two pivotal advocacy visits to stakeholders in Enugu State on Tuesday to press for the successful passage of the Bill.
The Commissioner of Police in Enugu State, CP Kanayo Uzuegbu, has tasked the University of Port-Harcourt (UNIPORT) Alumni Association on contributing to security and peace in the country.
Uzuegbu gave the task on Wednesday when he received and interacted with the leadership of the Anambra and Enugu Chapters of the University of Port-Harcourt Alumni Association, led by Dr Ozo Anikwe, in his office in Enugu.
The Commissioner of Police in Enugu State, CP Kanayo Uzuegbu, has tasked the University of Port-Harcourt (UNIPORT) Alumni Association on contributing to security and peace in the country.
Uzuegbu gave the task on Wednesday when he received and interacted with the leadership of the Anambra and Enugu Chapters of the University of Port-Harcourt Alumni Association, led by Dr Ozo Anikwe, in his office in Enugu.
The South East Zone of the Manufacturers Association of Nigeria (MAN) has expressed interest in aligning with the administration of Governor Peter Mbah of Enugu State in its transformative agenda of expanding the state's gross domestic product (GDP) from.the current $4.4 billion to $30 billion in the next four to eight years.
