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70bn Loan: Jimoh lbrahim, NICON Tackle AMCON

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NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against them.

AMCON had in a statement last week said it had taken over Ibrahim’s assets over an unsettled N70 billion loan he and his companies obtained from Union bank.

It listed the assets as the building of NICON Investment Ltd at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Ltd on Plot 557, Port-Harcourt Crescent, Off Gimbiya Street, Abuja and the building of NICON Lekki Ltd also on No. 5, Customs Street, Lagos.

Others are the building of Abuja International Hotels Ltd located on No. 3, Hospital Road, Lagos; another Property on Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank Building on Mile 2, Oshodi ExpressWay, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels Building at Plot 3, Road 3, Victoria Garden City, Lagos as well as the NICON Luxury Hotel’s Building, Garki I, FCT, Abuja.”

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On Sunday both NICON Investment and Ibrahim will plead before the court that the order granting AMCON possession of the assets was not properly obtained.

They are set to contend that AMCON did not avail the court of all the facts of the dispute between them.

Some of the questions they would want the court to answer are:

How did AMCON secure a second interim injunction when the first injunction it obtained some years ago had allegedly been discharged?

Did AMCON inform the court that on October 2, 2019 Justice Oguntoyinbo of the Federal High Court, Lagos, in a suit it instituted against NICON Investment and others, held that in view of the facts contained in the affidavit before the court, the court was minded to stay proceeding in the suit pending the outcome of the suit before a Lagos high court presided over by Justice Oyefeso?

NICON Investment and Ibrahim are wondering if judicial notice was taken of Justice Oguntoyinbo’s ruling in which he said “the lone issue formulated for determination by the court is hereby resolved against the plaintiff (AMCON) and in favour of the defendants (NICON INVESTMENT).”

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A NICON Investment executive, in an interview, wondered whether Justice Aikawa’s attention was drawn to Justice Oguntoyinbo’s order before the temporary order granting AMCON the possession of the assets was given.

He said: “In the High Court of Lagos before Justice Oyefeso, Union Bank, in her statement of defence filed in court, admitted that Jimoh had a deposit of over £137 million.

“The bank prayed the court as follows: ‘an ORDER for the sale of the funds standing to the credit of the pound sterling fixed deposit account maintained by the 1st defendant to the counter claimant; the proceed of which shall be applied in liquidation or part liquidation of the judgment sum as may be awarded against 1st and 2nd defendant counter claimants.”

According to him, the £137 million with Union Bank is three times higher than the amount he and his companies borrowed from the bank.

Besides, he claimed the bank acknowledged another deposit of £125 million from another company of his, Global Fleet Oil and Gas Limited, making a total deposit of £250 million with it 10 years ago at five per cent interest.

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“Out of the total deposit of £250 million with Union Bank, £137million was used to secure the loan, he said adding, who is owing who?” he asked.

Ibrahim and his company, the executive said, are upbeat that AMCON cannot sustain the interim order against him and his companies “because there is no returnable date on the court file.”

He also claimed that AMCON “did not sign an undertaking for a temporary injunction in the event that facts were misrepresented to the court as requested by the rules of the Federal High Court.”

According to him, Mr. Kemi Pinheiro (SAN), AMCON counsel in the new case had represented Union Bank in the suit before Justice Oguntoyinbo while Mr. Yusuf Alli (SAN), represented AMCON. Union bank, according to him, opposed AMCON joining the case at the Lagos High Court.

“When was the change of counsel done with the motion on notice with the interim injunction?” he asked.

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They didn’t call me fake when I campaigned for Obi, Archbishop hits back at critics over Tinubu endorsement

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The president-general of the Charismatic Bishops Conference of Nigeria (CBCN), Archbishop Leonard Kawas, has hit back at his critics by defending his support for President Bola Tinubu’s re-election bid, saying his involvement in Nigerian politics predates the current administration.

The Archbishop’s defence follows criticism of the group’s endorsement of Tinubu, with some Nigerians questioning his credentials as a bishop.

But speaking during an interview on Arise TV, Archbishop Kawas said he had spent 25 years in the clergy and supported political leaders in the past, including Olusegun Obasanjo, Goodluck Jonathan, Atiku Abubakar and Peter Obi, without being labelled a fake bishop.

“I travelled around this country with Doyin Okupe. I travelled around this country at 2 am with John Dara and others. We were campaigning from church to church, and nobody called me a fake bishop,” he said. 

“I campaigned for my leader, reverend Jolly Nyame, and he became governor of my state, Taraba state. He appointed me chairman of the Christian Welfare Board, and nobody called me fake then.

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“I supported Peter Obi at the initial stage of his presidential ambition. I went with him everywhere in Nigeria. And he never gave me one dollar, one naira.

 “Neither did he even ever ask me one day how I came to the campaign. He will just see me at the campaign, and we will pray for him. I paid for the transportation of six clergymen. And nobody called me fake. We were on television everywhere.”

Kawas said he supported Jonathan since his time as deputy governor of Bayelsa state and later joined in his presidential campaign.

“I was one of the people who prophesied that we would see him in Abuja. And he came to Abuja, and he became vice-president and then president from the doctrine of necessity,” Kawas said.

“And then he won the election. I was on his presidential campaign council. I was the only bishop in Goodluck Jonathan’s presidential campaign council, and I took the campaign everywhere. Nobody called me fake.

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“Is it now, because I have prayed and God has led me to support Bola Tinubu, that I suddenly become fake? he asked.

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NAF airstrikes kill over 18 high-profile terrorists, destroy logistics centres in Borno

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More than 18 terrorists have been neutralised in strikes by the Nigerian Air Force (NAF), while several logistics hubs at Tumbunma Baba in the Tumbuns general area of Borno State were destroyed.

According to a statement by the military on Friday, the operation, conducted by the Air Component of Operation Hadin Kai (OPHK), in coordination with ground troops of Sector 1, followed weeks of intelligence gathering and surveillance,

The Military Information Officer of OPHK, Capt. Mohammed Goni, said intelligence had indicated the presence of high-profile terrorist elements using the islands as meeting points and logistics nodes.

He said further surveillance and confirmatory Intelligence, Surveillance and Reconnaissance (ISR) operations conducted from Wednesday, September 9, pinpointed several terrorist structures and logistics hubs in the area.

According to him, the intelligence-led operation culminated in kinetic strikes in the early hours of Friday, September 11, after the targets were positively identified.

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“Following positive identification of the targets, the air platforms acquired and engaged the designated locations with precision munitions, with ground troops occupying all likely escape routes for further direct fire engagements,” he said.

Goni said the strikes destroyed the targeted structures and “neutralised over 18 terrorist elements”, disrupting terrorist activities and degrading their ability to use the enclave as a gathering and support base.

He said post-strike assessment indicated an estimated 85 per cent success in achieving the intended operational objectives.

The operation, he said, underscored the effectiveness of intelligence-led operations, timely ISR confirmation and the coordinated employment of air assets in synergy with ground troops.

Goni said OPHK would continue to work with other security agencies and stakeholders to deny terrorists the freedom to operate, regroup or establish logistics and support infrastructure across the North East.

“Working in concert with all security agencies and stakeholders, OPHK will continue to conduct intelligence-driven operations to deny terrorist elements the freedom to operate, regroup or establish logistics and support infrastructure across the Theatre,” he said.

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Nepal flood death toll crosses 1,000 as victims buried in mass graves

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No fewer than 1,050 people have died and nearly 4,000 people are still missing following last week’s devastating flooding in Nepal.

The death toll is reported to have risen to 1,050, while about 4,000 people remain missing, including 583 foreign nationals.

Also, specialised rescue teams from China, India and Nepal have reportedly built temporary bridges to reach remote areas in desperate efforts to rescue nearly 300 workers trapped inside tunnels.

Nepal’s disaster management authority ​said on Tuesday that no fewer than 639 people remain stranded in devastated hydropower stations that have become the focus of rescue efforts.

The disaster left at least ⁠2.2 million tons of debris, according to a preliminary estimate by the United Nations Development Programme (UNDP), including parts of buildings, rocks, and sediment.

“The amount of debris shows the scale ​of the destruction and the challenge communities face as they clear homes, roads and public spaces and begin to rebuild,” it said.

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In a social media post on Monday, Prime Minister Balendra Shah said
more than 11,000 people have been rescued, and power ​and communication lines were restored in some areas,

“We did not have the time to grab anything before fleeing,” said a survivor from the hard-hit Rasuwa district, who had walked to Nuwakot with scores of other survivors. “What we were wearing is the only pair of clothes we have. And even they are wet from rain.”

On Tuesday, the Nepali Army, in a social media post, said it rescued 119 people by air, including a British national.

“So far, the Nepal Army has rescued a total of 3,891 people by air, including 273 foreign nationals,” the army said.

Meanwhile, Nepal has begun burying victims of the flood in mass graves after taking DNA samples.

According to Nepalese authorities, 1,003 bodies had been recovered, with 3,916 people still unaccounted for.

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