Author: straightnewsng.com

Ecobank says it initiated a legal action against Honeywell Group Limited, Anchorage Leisures Limited, Siloam Global Services Limited, but Otudeko has defaulted. Ecobank, a West African financial services group, is pursuing the acquisition of shares recently acquired by Nigerian tycoon, Oba Otudeko in FBN Holdings due to his indebtedness to the bank. Oba Otudeko and his affiliated companies owe Ecobank over N13.5 billion ($17.1 million). In 2017, Ecobank Nigeria Limited filed several lawsuits against Otudeko and his companies, including Honeywell Group Limited, Siloam Global Services Limited, Anchorage Leisures Limited, and Honeywell Flour Mills, at the Federal High Court in Lagos. Also read:…

China has slammed more than $1 billion (£778 million) fines on financial companies including Jack Ma’s tech giant, Ant Group. Regulators cited violations of consumer protection laws and corporate governance. The firm, operator of payments firm Alipay, had been one of the most high profile targets as officials moved to tighten control of the sector. They also signalled this would end their crackdown on the industry. In the statement, the Chinese central bank and securities regulator said they were moving on from their campaign to reform tech giants and shifting to more “normalised supervision”. The fine for Ant included the…

… says duly certified structures would attract compensation Akwa Ibom Governor, Pastor Umo Eno, has disappointed individuals and groups in the state hurriedly erecting illegal structures on the whiff of any government project to collect compensation from government.  Eno told the emergency owners to desist from obstructing government development projects with hurriedly constructed structures as his administration would only pay compensation on duly certified structures. Speaking at The Apostolic Church, Ikot Ekpene Udo in Nsit Ubium Local Government Area, his hometown during an interdenominational thanksgiving service to commemorate his success at the polls on Sunday, he faulted the indiscriminate upsurge…

The Chancellor of Ibom Patriots, Obong Bassey Inuaeyen, has bidden relations, associates and friends eternal goodbye as he bowed to death.   Until his demise, Obong Inuaeyen was the Political Leader of Ini Local Government Area, a one-time Peoples Democratic Party governorship aspirant, Chancellor of Ibom Patriots, Chairman, Basestar Engineering, alumnus of University of Lagos, a community leader of repute, and a unifier. Confirming the news in a telephone with Straightnews chief on Monday, July 10, Peter Inuaeyen, who is his brother said he died on Friday, June 30 in the United States of America. Also read; Know Famous Akwa…

In an apparent revenge mission, Islamic State of West African Province (ISWAP) have avenged Boko Haram terrorists in the Sambisa forest in Borno State recently, leaving many dead. In December 2022, Boko Haram adherents reportedly killed 33 wives of Islamic State of West African Province (ISWAP) fighters in Sambisa forest. Popular counter-insurgency expert and security analyst in Lake Chad, Zagazola Makama, confirmed this on his page on last Thursday, noting that the two terrorist groups clashed against each other on Wednesday, July 5, 2023. He said fighters, including their women and children, were killed in the clash. Also read: Boko Haram…

… New Cardinals will be installed on September 30  South African and South Sudanese are among the 21 new Cardinals appointed by Pope Francis. The pope unveiled the cardinals during his customary weekly appearance at St. Peter’s Square, Vatican City, on Sunday. He said the installation ceremony of the cardinals will be held on September 30, 2023. Among the new cardinals is 59-year-old Victor Manuel Fernández, archbishop from La Plata, Argentina, whom the pope recently appointed to lead the enforcement of doctrinal orthodoxy and oversee the processing of allegations of sexual abuse against clergy worldwide. Archbishop Stephen Ameyu Martin Mulla…

In a landmark judgment, the Federal High Court in Abuja, ordered the disclosure of the spending details of about $5 billion Abacha loot by the governments of former presidents Olusegun Obasanjo, Umaru Musa Yar’Adua, Goodluck Jonathan and Muhammadu Buhari. The court ordered the government of President Bola Tinubu to “disclose the exact amount of money stolen by General Sani Abacha from Nigeria, and the total amount of Abacha loot recovered and all agreements signed on same by the governments of former presidents Obasanjo, Yar’Adua, Jonathan and Buhari.” The judgment was delivered last week by Justice James Kolawole Omotosho following a…

No fewer than 24 people have been killed by suspected gunmen in Zaki Akpuuna 1 community of Mbaterem district in Ukum Local Government Area of Benue State. A local from the area told newsmen that the attackers invaded two communities at about 8am and started shooting sporadically, killing people, mostly young men and causing fears among the people who ran for their dear lives. Houses were set ablaze while food produce were also destroyed by the irate gunmen. “No one can give the reason behind this morning attack but the information we heard was that some gunmen numbering about 20…

The high performance rate of students of Deeper Life High School in the 2023 Unified Tertiary Matriculation Examinations (UTME) has been credited to the leadership legacy of the school. This was as the management of Deeper Life High School recently celebrated their 130 students for scoring more than 300 in the concluded 2023 UTME. Sam Amadi attributed the academic feat to the leadership legacy of the founder of Deeper Life Church, Pastor William Kumuyi, and the Deeper Life family. Conversely, Shehu Sani, former senator representing Kaduna State, expressed his disappointment with Abuja schools for charging parents millions of naira in fees,…

The Joint Admissions and Matriculation Board (JAMB) and some Nigerians have reacted to Mmesoma Ejikeme’s claim admitting to have forged her 2023 Unified Tertiary Matriculation Examinations (UTME) result. JAMB that was at the centre of criticisms said the report of the Commission of Inquiry set up by the Anambra State Government, to look into Miss Ejikeme saga, has vindicated the board. This is stated in a statement made available to journalists by the board’s acting Director, Public Affairs and Protocol, Dr Fabian Benjamin in Abuja on Saturday. Also read: I faked my 2023 UTME’s Result- Mmesoma admits The back and…