Showing posts with label Ownership. Show all posts
Showing posts with label Ownership. Show all posts

Thursday, July 11, 2013

Court Sets 20 September For Ruling On Ownership Of Ibori’s $15 Million Bribe




The Federal High Court, Abuja, has set 20 September for judgment in a suit filed by the Delta State Government against the Federal Government over ownership of $15 million (N2.4 billion).

The money is alleged to be bribe offered former Chairman of the Economic and Financial Crimes Commission (EFCC), Nuhu Ribadu, by convicted former Delta governor, James Ibori. Justice Gabriel Kolawole gave the date on Wednesday after counsel to the parties adopted their addresses.  The respondents in the suit are the Economic and Financial Crimes Commission (EFCC) and Central Bank of Nigeria.  Justice Kolawole said the parties had 21 days within which to file the addresses while the plaintiff (Delta State Government) had another 14 days to respond to issues bordering on point of law.  “In the circumstance, therefore, the judgment is reserved for September 20,’’ he said.  The Delta State government had approached the court to claim ownership of the $15 million.
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Monday, November 19, 2012

Nigeria Holds Record Of African Country With Highest Private Jet Ownership





The recent media report that Nigeria is now holding the enviable record of a country with the highest private jet ownership in Africa is unarguably rankling.This untoward development has brought into sharper focus the paradox of a nation that is endowed with huge oil resources but where only a few privileged individuals are wealthy.

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