Connect with us

Headline

Ayade, APC tender 749 exhibits, seek to upturn election of Sen. Jarigbe

Published

on

Ayade

Last Updated on July 26, 2023 by Fellow Press

Former Gov Ben Ayade and the All Progressives Congress have tendered 749 exhibits to upturn the election of Sen. Jarigbe Jarigbe of the Peoples Democratic Party (PDP) in the ongoing National Assembly Election Petition Tribunal (EPT) in Cross River.

The sitting in Calabar, which continued to the late hours of Tuesday, was however adjourned to 10 a.m. on July 26 due to the poor lighting system in the courtroom.

The petitioners, Ayade and APC, called four witnesses for cross examination from Bekwarra Local Government Area, one of the LGAs in the northern senatorial district of the state where they alleged electoral irregularities.

However, a mild drama ensued in the courtroom when the lead counsel of Sen. Jarigbe, Mba Ukweni, SAN objected to the right of two witnesses of the petitioners to identify evidence P39 brought before the court.

Ukweni argued that for a witness to be able to identify or tender a document from the witness box, he or she must have mentioned or referred to it in an earlier deposition.

“It is similar to the rule of pleading; if you don’t plead any fact, you cannot lead evidence on it.

“So, if a witness does not refer to a document in his statement, he cannot also identify the document from the witness box or have it tendered, not just in election cases but also in civil matters,” he said.

Vehemently opposing the counsel to the respondent, Lead Counsel of the petitioners, Prof. Mike Ozekhome, said a witness could mention matters relating to the document in his deposition if he is a polling unit agent for his party.
“Our witnesses have mentioned register, the Bimodal Voter Accreditation System, (BVAS) and voters, the only thing they said they did not do was that they should have said voter register in their deposition.

“Our witnesses said they are from their polling units and can identify the document, the document was already tendered as exhibit, they were not trying to tender them but to identify them.

“A witness from a polling unit can be made to look at the register of voters or any document from that polling unit which he has identified,” he said.

Ruling on the matter, Justice M. A. Sambo upheld the objection of counsel to the respondent, Jarigbe and the PDP that a witness can only identify and speak on an issue contained in the deposition which he tendered.

This decision did not go down well with the counsel to the petitioners as he disclosed that they would challenge it in the end in their final written address.

Ayade is contesting the Feb. 25 Cross River Northern Senatorial District election in which Sen. Jarigbe of the PDP was declared winner.

Breaking News

FG updates on UAE lifting visa ban on Nigeria

Published

on

The Minister of Aviation, Festus Keyamo, has revealed that the United Arab Emirates (UAE) government will soon announce the date for lifting the visa ban that has been imposed on Nigerian travellers.

This information was shared during an interview with Otega Ogra, Senior Special Assistant to President Bola Tinubu, which is available on the official YouTube page of the State House of Nigeria.

Keyamo acknowledged that while a resolution was reached between President Bola Tinubu and UAE President Mohamed bin Zayed Al Nahyan during President Tinubu’s working visit to the UAE in September 2023, additional processes were required before the ban could be officially lifted.

He said the processes have now been completed, paving the way for the imminent announcement from the UAE government.

“After that high-level meeting, Mr. President, credited to him, made things very easy for us all. We did our follow-ups as his ministers. We have done everything. We have resolved everything.

“Just wait for the announcement from the UAE government, and that announcement is imminent,” Keyamo stated.

The Minister further mentioned that he is aware of the specific date when the travel restriction will be lifted, but he emphasized that it is up to the UAE government to make the official announcement.

The lifting of the ban is expected to restore ease of travel for Nigerian citizens to the UAE, thereby enhancing bilateral relations and cooperation between the two countries.

Continue Reading

Headline

Otedola, Zenith Bank settle out-of-court

Published

on

The Federal High Court of Nigeria, Lagos Division, dismissed the case on Thursday on receiving a notice of discontinuance from the plaintiffs.

Femi Otedola, the chairman of FBN Holdings and majority shareholder of Geregu Plc, and some of his companies have opted for an out-of-court settlement with Zenith Bank Plc.

Otedola was involved in a legal dispute with the bank over alleged “fraudulent transactions” on his company’s accounts.

Court papers obtained by PREMIUM TIMES showed the Federal High Court of Nigeria, Lagos Division, where Mr Otedola and his companies filed the suit against the lender on 12 March, dismissed the case on Thursday, 13 June, on receiving a notice of discontinuance from the plaintiffs.

Zenon Petroleum & Gas Limited, Seaforce Shipping Co. Limited, Luzon Oil & Gas Limited, Garment Care and Mr Otedola were the plaintiffs, while Zenith Bank, Quantum Zenith Securities & Investment Limited, Veritas Registrars Limited and Central Securities Clearing System Plc were the defendants.

According to a court document, Justice A.O. Faji discontinued the lawsuit after the counsel for the first to third defendants and the counsel for the plaintiffs asked for the matter to be dismissed, with the “counsel for the fourth defendant not objecting.”

Details

Mr Otedola and his companies initiated legal action against Zenith Bank and the other defendants in March, claiming that the lender disposed of his shares in the bank without authorisation, manipulated the companies’ bank accounts and fabricated some documents to conceal the alleged crimes.

He accused the lender of wrongfully calculating his debts before selling them to the Asset Management Corporation of Nigeria (AMCON), which the bank set up to buy the non-performing loans in the books of banks with the intention of recovering them thereafter.

Zenon had claimed that the letters of credit that led to the bad loans AMCON acquired were opened before the corporation took over the debt in December 2011. The company stopped operating the account after AMCON’s intervention.

According to a document seen by PREMIUM TIMES, the overdue on Zenon’s account at the point AMCON took over the liabilities was N39 billion. Zenon said Zenith Bank offered the debt to the corporation at N49 billion. AMCON ended up paying the bank N44.1 billion for the debt.

Sources with knowledge of the matter told PREMIUM TIMES in May that Mr Otedola chose to take legal action against the bank after several failed reconciliation attempts. During the month, both parties held three meetings, none yielding the desired results.

“It is clear that Zenith Bank Plc is not sincere in resolving this issue out of court and as such a time-wasting exercise,” one of the sources said.

“At this juncture, we have resolved to pursue our claims via the judiciary, law enforcement, the CBN and the court of public opinion as we know that our claims are very genuine.”

According to a document detailing the deliberations of both parties at a meeting held on 20 May, Zenith Bank agreed to refund the N205 million it wrongfully debited to Zenon’s account with compounded accrued interest using a bankdraft.

Seaforce Shipping Company Limited, owned by the billionaire tycoon, said Zenith Bank presented some statements of account claiming that it owed the bank N5.9 billion as of February 2024. It added that Zenith Bank abandoned the claim after the company showed proof that Seaforce’s account was in credit as of 2018.

A source said Zenith Bank sold the 415 million shares that Zenon held in Zenith Bank for N4.9 billion in December 2010, noting that the shares were repurchased in the following month for N5.4 billion, triggering a net loss of N142.9 million.

He further disclosed that related transactions were carried out on Mr Otedola’s account, causing a net loss of N61.5 million and a combined loss of N205.4 million in both cases.

Isyaku Mohammed, the commissioner of police in charge of administration at the Force Criminal Investigation Department, summoned the managing director of Zenith Bank on 16 May over what he described as an alleged unauthorised debit to Zenon’s account.

“This office is investigating an alleged case of fraudulent misrepresentation, wrongful debit and unauthorised transactions referred from the assistant inspector general of police, FCID Annex, Alagbon Close, Ikoyi, Lagos, involving your financial institution,” the letter, a copy obtained by PREMIUM TIMES, read.

“A precis of the petition at disposal reveals that sometime in 2011, an unauthorised withdrawal was carried out on the account of Zenon Petroleum Gas Limited with number 10110385211 to the tune of Two Hundred and Five Million, Three Hundred and Forty-six Thousand, Five Hundred and Seventy-Three Naira (N205,346,573.00) without justification.”

The letter stated that Zenith Bank wrongfully opened some letters of credit after AMCON acquired the debt in 2011, which led to unsolicited loan disbursement that further plunged Zenon into indebtedness.

Continue Reading

Facebook

Trending