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Oluwatosin Omojuyigbe
THE Federal High Court in Lagos has lifted the order barring a member of the Board of the Nigerian Communications Commission, Clement Baiye, and two other companies, Verity Communications Limited and Verity Associates Limited, from accessing their bank accounts.
The Asset Management Corporation of Nigeria had on June 16, 2020, obtained an interim order from Justice Maurine Onyetenu, stopping the defendants in the suit from accessing their accounts over an alleged N128, 975,094.04 debt.
The defendants are Capital Consortium Limited, Falobi Owolabi, Clement Baiye, Idris Bashir, Credence Assets Management Limited, Verity Communications Limited, Alidan Investments limited, and Verity Associates Limited.
The Economic and Financial Crimes Commission (EFCC), yesterday, closed its case in the N1.4billion money laundering trial of the former president of Nigerian Bar Association (NBA), Paul Usoro (SAN).
After taking the evidence of its second witness, the Economic and Financial Crimes Commission (EFCC) has closed its case at the Federal High Court, Lagos, in the alleged N1.4billion money laundering trial of a former President of the Nigerian Bar Association (NBA), Paul Usoro, SAN.
The counsel to the EFCC, Uduak Kufre who asked Justice Rilwan Aikawa to discharge the witness also told the court that the commission was pleased with the evidence it had put forward in the case.
The EFCC had called Idongesit Udom, a deputy manager at Zenith Bank as it’s a first witness and Abdulrahman Arabo, the investigating officer as its second and final witness.
Alleged N1 4bn fraud: EFCC closes case against ex-NBA President Usoro vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.
United Arab Emirates’ (UAE) national carrier, Emirates, has filed an appeal seeking to upend a Federal High Court judgment that awarded $1.36 million and N50 million against the carrier.
The airline, in a statement, said they had already filed an appeal and would “vigorously” defend their position on the matter. Emirates was recently ordered to pay $1.36 million to a businessman, Orji Prince Ikem, being the amount contained in his hand luggage that went missing in the airline’s custody during his trip to China in 2007.
Justice Muslim Hassan of a Federal High Court handed down the judgment in the businessman’s nearly 12-year legal battle with the airline to recover his two hand luggage containing personal effects and $700,000, as well as $930,000 in 18 bundles of $50,000 wraps each and $30,000 cash not wrapped.