Connect with us

Trending News

Folawiyo seeks injunction against AMCON’s ex parte order, dissociates self from defaulting company

Published

on

A Lagos-based businessman, Mr Tunde Folawiyo, has filed an exparte motion before a Federal High Court in Lagos seeking an order of stay of execution of an ex-parte orders made against him in satisfaction of a judgement debt.

Justice Lewis Allagoa had made orders against Mr. Folawiyo in a suit filed by the Asset Management Corporation of Nigeria (AMCON) over Folawiyo’s alleged unpaid debt of N727.9 million in relation to a company directorship at Compagnie Generale de Logistique.

Folawiyo, in a suit no: FHC/L/CS/799/2020, is seeking an order of stay of execution of the ex-parte orders made against him on March 24, 2022 pending the hearing and determination of his Motion on Notice seeking to set aside the ex parte orders.

He is praying for the following relief: An order restraining the AMCON either by itself, agents, privies, servants or through any person(s) from taking any steps howsoever to enforce the ex-parte orders made against the applicant by the Court on 24th March 2022 pending the hearing and determination of the applicant’s Motion on Notice seeking to set aside the ex parte orders.

See also  Tambuwal Goes Into Isolation, Awaits Coronavirus Test Result

The ex-parte orders were predicated on the judgment of Justice Ibrahim Buba in Suit No: FHC/L/CS/207/2017; Asset Management Company of Nigeria (“AMCON”) v Compagnie Generale De Logistique & Others in 2017 (“Previous Suit”) in favour of AMCON in the sum of N522,464,978.66 against the defendants in the suit.

The applicant said he was not a party to the previous suit and was not served with the judgment on it.

AMCON claimed the applicant is a director in Compagnie Generale De Logistique, which took loan from Spring Bank and which judgment was principally obtained in the previous suit.

Contrary to the representations made by the Plaintiff, the applicant said he was not a Director of Compagnie Generale De Logistique at the time of the previous suit and was not in any way connected to the loan transaction with Spring Bank.

The applicant said he is, therefore, not a “debtor” within the contemplation of Section of 61 of the AMCON Act as to warrant the interim forfeiture of his assets and freezing of his bank accounts on account of the judgment obtained in the 2017 Suit.

See also  France bans Muslim robes in public schools

He argued that a combined reading of Sections 49(2),50(2) and 61 of the AMCON Act would reveal that only current directors of a company fall within the definition of “debtor” as to warrant the freezing of their assets or accounts.

Mr Folawiyo told the court that AMCON failed to disclose or suppressed material facts about the status of the Applicant in Compagnie Generale De Logistique, the principal judgment debtor in the previous suit.

He added: “The exparte orders were obtained malafide against the applicant and constitute an abuse of court process.

“The applicant has a filed a Motion on Notice praying for the setting aside of the said ex- parte orders.

“The applicant’s pending set aside motion raises serious issues on why the Ex-parte orders ought not to have been granted.

“It is in the interest of justice to grant this application pending the hearing and determination of the applicant’s Motion to Set Aside the Ex-parte Orders.”

Mr Folawiyo argued that the originating summons filed by AMCON is incompetent as it had expired at the time of the grant of the ex-parte order.

He expressed concern about the impact the orders would have on his employees as well as the reputation of the three-generational family business he has worked hard to maintain and grow over the years.

See also  Jimoh Ibrahim loses bid to recover assets, accounts over N69.4b ‘debt’

Tunde Folawiyo is the son and heir to the late Nigerian Businessman and philanthropist, Wahab Iyanda Folawiyo. Alhaji Wahab whose father, Tijani was a wealthy local Merchant in the Colonial era, was known for funding , building orphanage homes and funding several local sports championships. In expanding his late father’s legacy, Mr Tunde Folawiyo attended the London School of Economics to broaden his business perspective and investment choices in addition to being a Barrister of the Court of England and Wales as well as Nigeria. In 2016, Folawiyo and his firm announced its first production of crude oil from the Aje Field, the first producing field outside of the Niger Delta area in Nigeria.

Reports say the multi-million dollar investment was aimed at reducing oil production pressure from the Niger Delta region. He is currently the Chairman of Yinka Folawiyo Group, established by his father in 1957.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

US releases identities of 24 Nigerians arrested for alleged fraud, money laundering

Published

on

By

The United States Department of Homeland Security (DHS) has released the names and photographs of 24 Nigerians arrested by immigration authorities in relation to alleged criminal offences, as the country continues its deportation operations.

According to the DHS, the suspects were arrested in different parts of the United States by Immigration and Customs Enforcement (ICE).

The alleged offences listed against them include wire and mail fraud, money laundering, drug-related crimes, identity theft, assault, forgery and cruelty towards a child.

In a statement announcing the arrests, the DHS said the publication was intended to show non-US citizens with criminal records who had been arrested by immigration enforcement officers.

“The U.S. Department of Homeland Security is highlighting the worst of worst criminal aliens arrested by the U.S. Immigration and Customs Enforcement (ICE),” the statement reads.

“Under DHS leadership, the hardworking men and women of DHS and ICE are fulfilling President Trump’s promise and carrying out mass deportations – starting with the worst of the worst – including the illegal aliens you see here.”

See also  Jimoh Ibrahim loses bid to recover assets, accounts over N69.4b ‘debt’

The list released by DHS identifies the Nigerian nationals, the alleged offences associated with their arrests and the locations where they were apprehended.

The list published by the department identifies the Nigerian nationals, the offences associated with their cases and the locations where they were arrested.

Emmanuel Omowaiye was arrested for mail fraud in  Richmond, Texas.

Laurene Onwuka arrested for fraud and impersonation in Chantilly, Virginia.

Olusegun Shonekan arrested for wire fraud in Newark, New Jersey.

Olusegun Olaseni was arrested for amphetamine sale in Greencastle, Indiana.

Peter Ude was arrested for wire fraud; in Atlanta, Georgia.

Newton Jemide was arrested for wire fraud, conspiracy and mail fraud in  Fort Dix, New Jersey.

Shedrack Umukoro was arrested for money laundering, Yazoo City, Mississippi.

Olasoji Akinbode was arrested for fraud and impersonation in Kearny, New Jersey.

Oluwatosin Afolabi was arrested for fraud, Conroe, Texas.

Alameen Adetunji Tokosi was arrested for drug possession in Chicago, Illinois.

See also  Armed robbers kill music producer one week to wedding

Joshua Ipoade was arrested for wire fraud in Atlanta, Georgia.

Michael Orji was arrested for weapons violation, fraud, identity theft, wire fraud, false citizenship and money laundering in Oxford, Wisconsin.

Ahmadu Apooyin was arrested for drug-related offence in Baltimore, Maryland.

Teslim Kiriji was arrested for money laundering in Yazoo City, Mississippi.

Onomen Uduebor was arrested for identity theft in Seattle, Washington.

Charles Ochi was arrested for money laundering in white Deer, Pennsylvania.

Daniel Eta was arrested for wire fraud in White Deer, Pennsylvania.

Ifeanyi Ibennah was arrested for cruelty towards a child in Tampa, Florida.

Kazeem Runsewe was arrested for wire fraud in Thomson, Illinois.

Fatiu Lawal was arrested for wire fraud in Lompoc, California.

Justin Akubueze was arrested for money laundering in Orem, Utah.

Moyinoluwaseun Okeowo was arrested for larceny, forgery and concealing stolen property in Orlando,
Florida.

Babajide Oluwaseun Faseyi was arrested for assault in Alden, New York.

Bright Eigbedion was arrested for money laundering in Lompoc, California.

See also  BREAKING: AMCON takes over IBEDC

Continue Reading

News

Ogun 2027: Adebutu faults INEC over exclusion from governorship candidates list, tells supporters to remain calm

Published

on

By


Oladipupo Adebutu, the Peoples Democratic Party (PDP) governorship candidate in Ogun State, has faulted the decision of the Independent National Electoral Commission (INEC) to leave out his name from the list of governorship candidates.

Adebutu, in a statement addressing the development, said he remained a registered member of the PDP and had completed the necessary registration and documentation within the stipulated period.

“I have not at any point left the PDP, and my commitment to our great party remains unwavering,” he said.

According to him, the governorship primary that produced him as the party’s candidate was conducted with INEC officials present as observers, adding that relevant documents were submitted for verification, certification and confirmation.

The PDP candidate said the circumstances surrounding the exclusion raised concerns, particularly as other party candidates contesting for the House of Assembly, House of Representatives and Senate had appeared on INEC’s published lists.

Adebutu said the Ogun State PDP had expressed concern over what it described as undue pressure from the ruling All Progressives Congress (APC) on INEC, adding that the party would pursue the matter through appropriate channels.

See also  Tambuwal Goes Into Isolation, Awaits Coronavirus Test Result

“We will pursue this matter through the appropriate channels and insist that due process is respected,” he said.

He also alleged that the party had faced attempts to frustrate its campaign, including restrictions on its billboards, attacks at campaign grounds and harassment of members.

According to him, such challenges would not deter the party from participating in the democratic process or seeking the support of voters across the state.

“No amount of intimidation should prevent the people of Ogun State from having a fair opportunity to choose leaders of choice,” Adebutu said.

He urged PDP members, supporters and residents of Ogun State to remain calm while the party takes the necessary steps to address the omission.

“The party has spoken, and the necessary steps are being taken to address this matter. I remain confident that it will be resolved, and I assure you that I will not abandon the struggle to bring the leadership and relief our people deserve,” he said.

See also  BREAKING: Gunmen kill SEDI DG Prof. Samuel Ndubisi, orderly in Enugu

Adebutu described the party’s ambition as a broader effort to improve the welfare and development of Ogun State, rather than a struggle centred on an individual.

“Our cause is bigger than any individual. It is about the dignity of our people, the progress of our state and the right of Ogun people to determine our own future,” he said.

Reaffirming his commitment to the party’s campaign message, Adebutu said, “OGUN FOR OGUN is more than a slogan. It is a call for leadership rooted in our people, responsive to our needs and committed to our welfare.”

He concluded by urging supporters to remain focused and resolute, declaring: “The journey to a better Ogun continues.”

Continue Reading

Metro News

NDLEA arrests South African woman with drug shipments, seizes large consignment of drugs at Lagos airport

Published

on

By

The National Drug Law Enforcement Agency (NDLEA) says its operatives have arrested a South African, Gebashe Sithandiwe Jessie, with 30 parcels of Thai Loud, a strain of cannabis, weighing 32.74 kilogrammes, at the Port Harcourt International Airport, Omagwa, Rivers State.

According to a statement issued on Sunday by the NDLEA Director of Media and Advocacy, Femi Babafemi, the drugs were concealed in two travelling bags.

The statement added that the suspect travelled from Thailand through Doha aboard Qatar Airways flight QR1431.

“She confessed to having previously trafficked through other African countries, and was expanding her route to Port Harcourt when she was caught.”

Similarly, NDLEA operatives at the import shed of the Murtala Muhammed International Airport, Ikeja, Lagos, intercepted a shipment of 354,000 tablets of Tapentadol 250mg weighing 307.20kg from Pakistan.

Babafemi said the consignment arrived aboard a Royal Air Maroc flight on September 29 and was placed under surveillance before a joint examination on Tuesday, October 6, uncovered the drugs in nine cartons.

In a separate operation at the Lagos airport, NDLEA officers intercepted 70 parcels of Colorado, a synthetic cannabinoid, weighing 75.90kg in six Ghana-Must-Go bags contained in a consolidated cargo from the United Kingdom.

The statement said the shipment was monitored after arriving on September 29.

See also  EFCC arraigns Ex-AMCON MD, four others over alleged N76b, $31.5m fraud

A clearing agent, John Edrah, 54, was arrested on September 30, while an Uber driver, Taofiq Ajibola, 54, was apprehended while collecting one of the bags at a logistics company in Mafoluku, Oshodi.

The agency said Adetunji Adebayo and Kazeem Damola Dosunmu, 48, a clothing trader, were subsequently arrested when they came to collect the remaining five bags.

According to Babafemi, Ajibola said the drugs were sent by a UK-based associate, Lukman Sa’idu, while Dosunmu claimed his consignment came from another UK-based man identified as Yusuf.

In Cross River State, NDLEA operatives arrested 46-year-old Adama Inuwa at Iyala Nkun village, Ikom Local Government Area, on Sunday, October 4, following surveillance.

Babafemi said the operation led to the recovery of 181 bags of cannabis sativa weighing 1,100kg and 17.15kg of cannabis seeds.

In Edo State, officers intercepted a black Toyota Camry conveying 1,049 blocks of compressed cannabis weighing 702.83kg at Otuo, Owan East Local Government Area, on Monday, October 5.

The agency said Monday Orji, 52; Monday Lawal, 40; and Precious Uduegele, 20, were arrested in connection with the seizure.

In a separate raid at Asoro, off Sakponba Road, Benin City, operatives arrested 26-year-old Ojugo Mercy with 989 grammes of Loud, 13 grammes of Colorado and 83 grammes of methamphetamine.

See also  Port Harcourt refinery to resume production December – FG

In Ondo State, a 21-year-old suspect, Happy Endurance, was arrested at her hideout in the Shasha area of Akure on October 5, with 29 bags of cannabis weighing 290kg.

The statement added that a separate raid on an apartment at Oba-Ile, Akure, on the same day led to the arrest of 42-year-old Tunde Adebayo, with 35 bags of cannabis weighing 351kg.

In Taraba State, NDLEA operatives, supported by soldiers, arrested Abdulrasheed Mohamed, 31, and Abubakar Saidu, 37, at Chanchanji village, Wukari Local Government Area, on Friday, October 9.

Babafemi said the suspects were found with 166,200 tablets of tramadol 225mg weighing 107kg.

In Kano State, a stop-and-search operation along the Kano-Maiduguri Road on October 9 led to the arrest of 32-year-old Yahaya Musa with 24,990 capsules of tramadol, 50,000 tablets of diazepam and 22,000 tablets of Exol-5.

In Kaduna State, operatives on patrol along the Zaria-Kaduna Expressway arrested 29-year-old Mohammed Musa with 31 jumbo bags and 775 blocks of skunk weighing a combined 1,027kg.

The agency also arrested Musbau Balogun Adekunle in Orile, Lagos, on Tuesday, October 6, with 32.51kg of skunk and 52.65kg of cannabis seeds, bringing the total seizure to 85.16kg.

See also  BREAKING: Gunmen kill SEDI DG Prof. Samuel Ndubisi, orderly in Enugu

In Plateau State, NDLEA operatives raided the residence of 45-year-old Christian Chukwudi Uju at Rukuba Road, Jos, on Thursday, October 8, recovering methamphetamine, firearms and ammunition.

According to the statement, the items seized included 47 grammes of methamphetamine, two pump-action rifles, one locally made gun, 199 live cartridges, five rounds of 7.62mm ammunition and one round of 9mm ammunition.

The agency said its War Against Drug Abuse sensitisation campaign also continued across the country, with lectures delivered to students and staff of schools in Oyo, Ebonyi, Niger, Kano, Lagos and Ogun states.

Among the institutions reached were Progressive Grammar School, Tede, Oyo State; Eghugo Technical College, Afikpo, Ebonyi State; Baptist High School, Lambata, Niger State; and Ipara Senior and Junior Community Secondary School, Badagry, Lagos State.

Commending officers involved in the operations, NDLEA Chairman and Chief Executive Officer, Brig. Gen. Mohamed Buba Marwa (retd.), praised personnel of the Lagos, MMIA, PHIA, Taraba, Kano, Kaduna, Edo, Cross River, Ondo and Plateau Commands.

Babafemi said Marwa commended the officers “for their professionalism and intelligence-driven approach to the various successful operations” and urged them “to continue with the current balanced approach to the drug control efforts of the Agency.”

Continue Reading

Trending News