Justice Buba of the Federal High Court delivered an oral judgment dismissing the proceedings issued by Stanbic IBTC Holdings Plc (Stanbic IBTC) against the Financial Reporting Council of Nigeria (FRC) and National Office for Technology Acquisition and Promotion (NOTAP). In his oral judgment, Mr Justice Buba held that the questions raised by Stanbic IBTC regarding FRC were hypothetical and academic and he did not deal with them. Mr Justice Buba held that section 7 of the NOTAP Act 1979 expresses important national public policy of Nigeria, namely to avoid the dumping of obsolete and inappropriate technology in Nigeria and to raise…
Author: Wale Adebayo
The Federal Government has dropped the charges it filed against the leader of Indigenous People of Biafra (IPOB) at the Chief Magistrate Court, Wuse Zone 2, Abuja. The Magistrate, Shuaibu Usman, Wednesday, discharged Kanu and struck out the case filed against him after the Department of State Services (DSS), approached the court to withdraw the case so that a higher court, which has jurisdiction to entertain charges bordering on terrorism, can take over. DSS arrested Kanu on October 14, 2015 in Lagos while addressing the World Igbo Congress in Los Angeles California, over claims that he demanded for guns and…
A group of concerned Nigerians under the aegis of Citizens Access to Electricity Initiatives (CATEIN), on Tuesday kicked against planned increase in electricity tariff by the Nigeria Electricity Regulatory Commission (NERC). Mr Abdul-Salam Fashola, the Chairman of CATEIN told newsmen in Lagos that there were lots of issues to be addressed before tariff adjustment. He said that Distribution Companies (DISCOs) did not have complete data of their consumers. “Nigeria Electricity Regulatory Commission (NERC) should shelve the idea of increment first and address fundamental issues in power sector. “The investors in power sector should find a way to ensure they have proper…
Senator Shehu Sani, who is representing Kaduna Central Senatorial District in the National Assembly, has said the Nigerian military’s use of lethal force on members of the Islamic Movement in Nigeria at the weekend in Zaria, was unjustifiable. The senator, who gave the Islamic movement’s members knocks for blocking the highway, thereby denying the Chief of Army Staff, Lt.-Gen. Tukur Buratai, who was in Zaria as the reviewing officer for the 73rd Regular Recruits passing out parade, right of passage, however, condemned the attack as an “indiscriminate and disproportionate use of force by the military”. Following the rejection of pleas…
Rivers State Governor, Chief Nyesom Wike, has instructed his lawyers to proceed to the Supreme Court to challenge the Appeal Court judgment, which ordered fresh governorship election in the State. The Appeal Court sitting in Abuja on Wednesday upheld the decision of the Governorship Election Petitions Tribunal, which on October 14, nullified Wike’s election as governor of Rivers State. Reacting to the appellate court’s judgment, Wike stated that he disagrees with it, hence his decision to exhaust his constitutional right by approaching the apex court. The governor also called on all his supporters and the people of Rivers State to remain…
Bayelsa State All Progressives Congress (APC) candidate in the inconclusive governorship election, Chief Timipre Sylva, has distanced himself from statements falsely credited to him in a strange report purporting differences between him and President Muhammadu Buhari. The report was widely circulated by a certain new media platform on Monday. In a statement released Monday night by his Media Adviser, Mr. Doifie Buokoribo, the governorship candidate of the APC denied granting any such interview to any news medium and never made the comments attributed to him by the strange “news” outlet. The statement said, “Sylva distances himself from the falsehood being…
Dr Ebirien Fubara, who is a senior lecturer at the Ignatius Ajuru University of Education in Rivers State, has been killed along with his son at their residence in Port Harcourt, Rivers State. Fubara was the Returning Officer in the March 28, House of Representatives election for Obio Akpor federal constituency in Rivers State. Vanguard reports that the assassins, who stormed his Odili Road residence in Port Harcourt, first killed his son with a rod and then went for the father, clubbing him till he fell unconscious, although they apparently thought he was dead. According to reports, Dr Fubara died…
The presidency, on Tuesday, disclosed that President Mohammadu Buhari never collected any monetary compensation from the government of former President Goodluck Jonathan-led administration in the aftermath of the Boko Haram attack on him in Kaduna last year. This came following reports that President Buhari was settled with $300,000 and 5 Sports Utility Vehicles, SUVs after the attacks. Col. Dasuki had threatened to reveal the involvement of former Nigerian Leaders who shared in the “loot”. The Special Adviser to the President on Media and Publicity, Mr. Femi Adesina on Tuesday, in a statement refuted the claims. However, he admitted that two jeeps were given…
The Senate will no longer go on vacation on Thursday as earlier planned as President Muhammadu Buhari is expected to formally present the 2016 budget to the National Assembly for subsequent scrutiny and approval next Tuesday, it has been reported. “We will not go on vacation on Thursday because President Muhammadu Buhari has pleaded that he will present the 2016 Budget to the National Assembly next Tuesday and we have agreed and after receiving the budget, we will proceed for the holiday,” Vanguard quoted a source to have said. According to the source, Senate President, Dr. Bukola Saraki had to…
The current government of Bauchi State has revealed that the previous administration of Isa Yuguda squandered N91billion security vote in eight years. In a statement by the Special Assistant to Governor Mohammed Abubakar on Media and Communications, Yakubu Mohammed, the state said that more facts had emerged on security related expenditures by the former governor. The statement said that between 2007 and 2015, the sum of N91 billion was released as security vote requirements with the highest spending of over N17 billion in 2013. “For 2007, over N1 billion, over N6 billion in 2008, 2009 gulped over N8 billion. N10 billion was…