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(AFRICAN EXAMINER) – Six years after their arraignment, a Federal High Court sitting in Enugu presided over by Justice R. O. Dugbo-Oghoghorie has discharged and acquitted one Patrick Shanchi Nwokike and his wife, Mrs Rosemary Ifeoma NwokiIke of allegations of operating an illegal wonder bank.
Dugbo-Oghoghorie yesterday in a 143-paged judgment held that the Economic and Financial Crimes Commission (EFCC) failed woefully to prove its case against the couple and their firm, Let’s Partner With You.
The judge said that in criminal proceedings, the burden lay on the prosecution to prove its case beyond all reasonable doubt as against beyond every shadow of doubt.
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Pantami: USSD challenge encountered by MTN users to be resolved soon Isa Pantami, minister of communications and digital economy, says the challenge encountered by MTN users through the unstructured supplementary service data (USSD) channel will be resolved soon.Advertisement MTN subscribers took.
Iraqi judge who presided over Saddam Hussein’s trial dies of COVID-19 Muhammad Oreibi, the judge who presided over the trial of Saddam Hussein, former president of Iraq, has died of COVID-19 complications.Advertisement In a condolence message on Friday, Iraq’s supreme judicial.
Matawalle: There are over 30,000 bandits in the north Bello Matawalle, governor of Zamfara, says there are over 30,000 bandits operating across six northern states.Advertisement He listed the states as Zamfara, Katsina, Niger, Sokoto, Kebbi, and Kaduna. Speaking through.
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IT was supposed to be a smooth ride into and out of the court, for the Plaintiffs, but they got more than what they bargained for, from the judiciary, after so many years of traveling round the hierarchy of the courts, to get justice. This has become the lot of litigants and their lawyers, who daily contend with the frustrating factors hindering the due and effective administration of justice in Nigeria. Let me share with you the intriguing facts of the case of Boniface Ebere Okezie & 3 Ors. v. Central Bank of Nigeria & 5 Ors. (2020) 15 NWLR (Pt.1747) 181. So it started on one fateful day on 14th August, 2009, when Mallam Lamido Sanusi, then Governor of Central Bank of Nigeria, CBN, issued an order, removing all the executive directors of Union Bank of Nigeria, UBN, and thereafter appointed Mrs. Funke Osibodu and others, to replace them. About N120-Billion was then injected into the UBN, on the grounds that it was weak, undercapitalized and/or insolvent. These actions wer
The Evils Of Technical Justice By Ebun-Olu Adegboruwa, SAN
It is in the interest of justice that parties are not shut out prematurely from being heard in accordance with the laid down procedures in the court’s Rules.
by Ebun-olu Adegboruwa
Feb 02, 2021
It was supposed to be a smooth ride into and out of the court, for the Plaintiffs, but they got more than what they bargained for, from the judiciary, after so many years of traveling round the hierarchy of the courts, to get justice. This has become the lot of litigants and their lawyers, who daily contend with the frustrating factors hindering the due and effective administration of justice in Nigeria. Let me share with you the intriguing facts of the case of Boniface Ebere Okezie & 3 Ors. v. Central Bank of Nigeria & 5 Ors. (2020) 15 NWLR (Pt.1747) 181. So it started on one fateful day on 14th August, 2009, when Mallam Lamido Sanusi, then Governor of Central Bank of Nigeria, CBN, issued an order, removing all the executive d
Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019
In 2018, Carbon, a Nigerian fintech startup, made its financials public for the first time. Although typical for foreign private startups, it’s almost an anomaly in Africa. There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. At the time, the German investment outfit was a founding shareholder in the African-based unicorn.
While Carbon has been hailed for transparency and openness, it remains to be seen if it’s a trend other African startups are willing to follow. Posting audited financials can prove detrimental for a private African company for several reasons, ranging from bad marketing and PR if huge losses are incurred to regulatory clampdown if the company performs well.