Ngwuta: Court orders recovered money deposited in CBN

 

The Federal Government on Thursday tendered before a Federal High Court in Abuja nine bags and boxes filled with local and foreign currencies, which were allegedly recovered from a Justice of the Supreme Court, Justice Sylvester Ngwuta, in October 2016.

The items were said to have been recovered from Justice Ngwuta’s official residence in Abuja during a search operation conducted by men of the Department of State Services on October 7, 2016.

The Federal Government is prosecuting Justice Ngwuta on 13 counts, including passport fraud, money laundering allegations of retention and concealment of the origin of the various sums of money contained in the nine bags and boxes.

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We won’t leave state highways, says FRSC

 

The Federal Road Safety Corps has said its men and officers will remain on federal and state roads to carry out their operations.

The Commander, Zone 8, FRSC, John Meheux, stated this on Thursday in Ado Ekiti while speaking with journalists at the first 2017 bi-annual RS8 zonal retreat with the theme, ‘Rebuilding the corporate image of the corps’.

Zone 8 is in charge of Ekiti, Kwara and Kogi states.

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Ekiti: Murder suspects reject lawyer during trial

There was a mild drama at an Ado Ekiti High Court on Thursday as seven persons standing trial in the murder of a former Chairman, National Union of Road Transport Workers, Omolafe Aderiye, disowned a lawyer, who announced appearance for them.

The suspects are Adebayo Aderiye (a.k.a. Ojuigo), Adeniyi Adedipe (a.k.a Apase), Sola Durodola, Oso Farotimi (a.k.a. Oso Polo), Ajayi Kayode (a.k.a. Sir Kay), Joseph Olanbiwonnu (a.ka. Mentilo) and Sola Adenijo (a.k.a. Solar).

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OPEC, others extend oil output cuts, Nigeria exempted

 

The Organisation of Petroleum Exporting Countries and 10 non-member countries on Thursday agreed to extend cuts in oil production by nine months to March 2018 in a bid to further stem the global glut of crude in the market and prop up prices.

However, the deal failed to impress the market as the global oil benchmark, Brent crude, fell by 4.2 per cent or $2.27 to $51.69 per barrel as of 7:20pm Nigerian time.

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S&P assigns ‘B/B’ ratings and stable outlook on UBA Plc

International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating is the highest rating currently assigned to any Nigerian-based financial institution, thus reinforcing the respectable quality and strength of UBA, the third largest Nigerian-based bank by total assets, deposits and profits.

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FG, UBA Restate Commitment to Developing Creative Industry as REDTV’s Our Best Friend’s Wedding Premieres in Lagos

REDTV, a dynamic online lifestyle channel that puts the spotlight on Africa with a distinct global appeal, in conjunction with The Naked Convos has premiered a new web-series titled, ‘Our Best Friend’s wedding’.  REDTV is supported by the United Bank for Africa’s (UBA Plc)

The impressive gathering which held this past weekend, attracted a good number of A-list dignitaries and business leaders, from different industries across Nigeria  including: the Honourable Minister of Information and Culture,  Alhaji Lai Mohammed, Chairman of United Bank for Africa Plc, Mr. Tony Elumelu, Group Managing Director, Mr. Kennedy Uzoka and players in the entertainment and film industries

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