Contempt: Court convicts First Bank chairman, MD over N122bn Ogoni judgment compensation

Contempt: Court convicts First Bank chairman, MD over N122bn Ogoni judgment compensation

Justice Ibrahim Buba of the Federal High Court, Lagos, yesterday convicted First Bank Plc, its chairperson, Ms Ibukun Awolaja, and the managing director, Dr. Adesola Adeduntan, over their refusal to honour the payment of N122 billion bond guaranteed by the bank. The conviction of the trio was as a result of the N122 billion judgement debt against Shell Petroleum Development Company (SPDC) in an oil spill suit filed by Ejama community in Ogoniland, Rivers State.

Court Declares Gomez Beneficiary of T A Doherty’s Estate

Court Declares Gomez Beneficiary of T A Doherty’s Estate

Justice C. A. Balogun of the Lagos High Court has declared Lagos-based nonagenarian lawyer, Pa Tunji Gomez, as a full beneficiary of the Estate of Chief T.A. Doherty. In a separate, but related matter, Justice Wasiu Animahun of the same court also entered judgment in Gomez’s favour in a N5.3million lawsuit.

Suspended SEC DG, Gwarzo Challenges Suspension in Court

Suspended SEC DG, Gwarzo Challenges Suspension in Court

The suspended Director-General of Nigerian Securities and Exchange Commission (SEC), Mounir Gwarzo, on Monday filed a suit before the National Industrial Court, Abuja, challenging his suspension by the Minister of Finance. Mr Gwarzo, who was suspended from office in November over alleged financial misappropriation, is seeking the court to determine some issues pertaining to the minister’s action.

Supreme Court Sacks APC Lawmaker

Supreme Court Sacks APC Lawmaker

The Supreme Court has sacked Sunday Aghedo of the All Progressive Congress (APC), a member of the Edo State House of Assembly representing Ovia South West. In a composite judgment delivered yesterday, the Apex court dismissed the appeals of the lawmaker and his...

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