A review of Retail Supermarket Nig. Ltd v. Citibank Nig Ltd & CBN By Teingo Inko-Tariah

A review of Retail Supermarket Nig. Ltd v. Citibank Nig Ltd & CBN By Teingo Inko-Tariah

Following a decision of the Federal High Court in Suit No: FHC/L/CS/1710/2013: Kasmal International Ltd v. Central Bank Nigeria, the Central Bank of Nigeria (CBN) issued a circular dated January 15, 2016 to all Deposit Money Banks to the effect that stamp duties at the rate of N50 for every payment of N1000 and above would be applicable to all receiving accounts in the country with immediate effect.

Judge Withdraws From Fani-Kayode’s Trial

Judge Withdraws From Fani-Kayode’s Trial

Justice Muslim Hassan of the Federal High Court in Lagos has withdrawn himself from further presiding over the alleged N 4. 9bn fraud charge pressed against a former Minister of Aviation , Femi Fani- Kayode , by the Economic and Financial Crimes Commission.

Arms Scam: Ex-Minister Obanikoro’s Wife Loses Abuja Mansion To The Federal Government, Appeals

Arms Scam: Ex-Minister Obanikoro’s Wife Loses Abuja Mansion To The Federal Government, Appeals

A Federal Capital Territory High Court, sitting in Jabi, Abuja, has ordered that Alhaja Moroophat Obanikoro, the wife of a former Minister of State for Defence, Senator Musiliu Obanikoro, should forfeit her property pending the outcome of investigations into her husband and children. The court also rejected a prayer asking the Economic and Financial Crimes Commission to pay her the sum of N200m for violating her fundamental human rights. Obanikoro’s wife has, however, headed for the Appeal Court to challenge the court judgment.

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