THE STANDARD By
Phares Mutembei |
February 16th 2021 at 00:00:00 GMT +0300
The Meru County government has been ordered to pay Sh339.1 million to owners of Leopard Rock located in Meru National Park.
High Court Judge Patrick Jeremy Otieno awarded the amount to Leopard Rock Mico Ltd, which was evicted from the park by the county.
The award was the compensation amount recommended by chartered arbitrator Calvin Nyachoti on December 19, 2019 for the cost of the facilities installed by the company that is owned by Michael Jean Dechauffur, and the cost of movable assets left at the hotel.
The evicted investor had operated Leopard Lodge, which is built on approximately 40 acres belonging to the defunct Nyambene County Council, from 2001 to 2018 under a lease instrument executed in 2001.
As oil hits $60 a barrel, the rhetoric from Nigeria is the need to be reminded of lag in demand fuelling uncertainty and preparation for a world beyond oil to avert a repeat of the year 2020 crisis.
According to the indictment, five more people have been implicated and charged in the matter, including Panday s mother, wife and sister.
Arvenda Panday, 69 (Thoshan s mother), Privisha Panday, 45 (Thoshan s wife), Seevesh Ishwarkumar, 44 (Thoshan s brother in-law), Kaja Ishwarkumar, 37 (Thoshan s sister) and Tasleem Rahimna, 35 (Thoshan s personal assistant) face a raft of charges related to alleged corruption and fraud surrounding 2010 Fifa World Cup police tenders.
Acc 1 - Navin Madhoe, 51 - former police colonel who was stationed at the Office of the Provincial Commissioner: Supply Chain Management Services KZN
Acc 2 - Ashwin Narainpershad, 52 - former police captain stationed at the Office of the Provincial Commissioner: Supply Chain Management Services KZN
Nigerian-owned audit firms are stuck in the shadow of foreign accounting firms known as the Big Four, losing a large chunk of revenue generated in the Nigerian audit market to their foreign counterparts. To make a play for the industry’s proceeds, local firms must become one.
According to findings by Ripples Nigeria, over N2 billion was paid into the Nigerian audit market by six of the largest Nigerian companies in nine months last year 2020 – none of the fund went to Nigerian-owned audit firms, rather, the Big Four were the beneficiaries.
The Big Four consist of PricewaterhouseCoopers (PwC), Deloitte, Ernst & Young, and KPMG – together, they have dominated the Nigerian audit industry, creating an oligopoly system, devoid of domestic audit firms.
Everything you need to know about Boohoo shares
Rebecca Cattlin February 5, 2021 4:42 PM
Stay-at-home measures have seen online retailer Boohoo’s revenue jump 40% year-on-year but questions over the brand s sustainability and working conditions have taken the shine off the share price. Take a look at Boohoo’s share price performance and how you can buy or sell BOO shares. Share:
Boohoo shares: the basics
Boohoo Group shares trade under the ticker BOO on the AIM market of the London Stock Exchange, and the company is a constituent of the FTSE AIM 100 Index. As of February 2021, the company had 4,969,250 shares in circulation and a market capitalisation of £4,332.48 million.