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Insolvency Discourse by Kubi Udofia info@kubiudofia.com Continued from last week. Introduction The Banking and Other Financial Institutions Act, 2020 (BOFIA 2020) was passed to law on 13 November 2020. BOFIA 2020 repealed the Banking and Other Financial Institutions Act, 1991 (BOFIA 1991). This three-part discourse examines revisions which BOFIA 2020 has introduced to Nigeria’s bank resolution and insolvency legal framework. This is the third and concluding part of the three-part discourse. Banking Sector Resolution Fund 1. Purpose of the Fund BOFIA 2020 has established a Banking Sector Res...

Court rejects Genesis prophet’s post-conviction bail application Oluwatosin Omojuyigbe The Lagos State High Court in Ikeja, on Tuesday, rejected the post-conviction bail application filed by the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Ogundipe. Justice Olabisi Akinlade had on November 18 sentenced the popular prophet to one-year imprisonment for converting a woman’s property to his personal use and stealing. PUNCH Metro had reported that the court found Ogundipe guilty of stealing and unlawful conversion of the property of a London-based...

Court Rejects Genesis Prophet's Post-conviction Bail, After Claims Of Treating Diabetes, Hypertension, Peptic Ulcer He sought the order of the court to admit the applicant to bail unconditionally pending the hearing and determination of the appeal. by SaharaReporters, New York Dec 16, 2020 The Lagos State High Court in Ikeja, on Tuesday, rejected the post-conviction bail application filed by the Senior Shepherd-in-Charge of the Celestial Church of Christ, Genesis Global, Prophet Israel Ogundipe. Justice Olabisi Akinlade had on November 18 sentenced the popular prophet to one-year imprisonment...

Welcome To Ladun Liadi's Blog Tuesday, December 15, 2020 Popular Lagos Prophet Israel Oladele to remain in prison as court refuses post conviction bail Justice Olabisi Akinlade of an Ikeja High Court on Tuesday refused the post-conviction bail application filed by Israel Oladele Ogundipe, a televangelist, popularly known as ‘Genesis’ and the head of the ‘Genesis Parish of the Celestial Church of Christ’, Alagbado, Lagos. Ogundipe was on Nov. 18 sentenced to a year in prison after being found guilty of the offences of conversion of property not delivered and stealing. The televangelis...

FRAUD: Court refuses bail application of ‘Genesis’, Lagos-based Pastor On Kindly Share This Story: Justice Olabisi Akinlade of an Ikeja High Court on Tuesday refused the post-conviction bail application filed by Oladele Ogundipe, a televangelist, popularly known as ‘Genesis’ and the head of the ‘Genesis Parish of the Celestial Church of Christ’, Alagbado, Lagos. Reports have it that Ogundipe was on Nov. 18 sentenced to a year in prison after being found guilty of the offences of conversion of property not delivered and stealing. The televangelist, however, in a motion on notice f...