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Court awards N50 million against NEXIM Bank for ex-MD's illegal detention


3 min read
The Makurdi High Court in Benue State has awarded N50 million as damages against the Nigerian Export-Import (NEXIM) Bank over the unlawful arrest and detention of its former Managing Director, Robert Orya, by the Economic and Financial Crimes Commission (EFCC) and the Inspector General of Police (IGP).
The court tongue-lashed the EFCC and the IGP “for turning themselves tools of persecution in the hands of the NEXIM Bank authorities”.
It ordered them to apologise to Mr Orya.
Mr Orya had filed the suit marked MHC/2393/2020, against the EFCC, the IGP, and NEXIM Bank, among others, accusing the defendants of breach of his fundamental human rights to freedom of movement and to own property. ....

Benue State , Nigeria General , Abuja Federal Capital Territory , Federal Capital Territory , Federal Republic Of Nigeria , Okoi Obono Obla , Abubakar Bello , Robert Orya , Bashir Wali , Joseph Nnanna , Financial Crimes Commission , Other Related Offences Commission , Code Of Conduct Bureau , Pt Mag Campaign , Business Development Of The Bank , Central Bank , High Court Or State , Presidential Panel On Recovery Of Public Property , Makurdi High Court , Security Service , High Court , Nigerian Export Import , Managing Director , Inspector General , State Security Service , Corrupt Practices ,

CBN Extends Deadline on Appointment of InfraCorp Asset Managers


By James Emejo
The Central Bank of Nigeria (CBN) has extended by two weeks, the deadline for Expression of Interest from qualified asset managers active in the infrastructure sector to manage the Infrastructure Corporation of Nigeria Limited (InfraCorp).
The extension was announced in a communiqué yesterday by CBN Deputy Governor, Economic Policy Directorate, Dr. Kingsley Obiora.
The apex bank said the deadline for the receipt of final proposals in response to the detailed Request for Proposals (RfP) has been moved to March 30 from March 16 earlier announced.
It, however, pointed out that the “process remains the same such that upon expression of interest through InfraCorp@cbn.gov.ng, the promoters shall share a detailed RfP document providing potential asset managers with the necessary information to prepare appropriate proposals in line with the promoters’ requirements.” ....

Kingsley Obiora , Muhammadu Buhari , James Emejo , Godwin Emefiele , Infrastructure Corporation Of Nigeria Limited Infracorp , Africa Finance Corporation , Central Bank , Nigeria Sovereign Investment Authority , Infrastructure Corporation , Nigeria Limited , Economic Policy Directorate , உள்கட்டமைப்பு நிறுவனம் ஆஃப் நைஜீரியா வரையறுக்கப்பட்டவை இன்ப்றகொற்ப் , மைய வங்கி , நைஜீரியா இறையாண்மை முதலீடு அதிகாரம் , உள்கட்டமைப்பு நிறுவனம் , நைஜீரியா வரையறுக்கப்பட்டவை , பொருளாதார பாலிஸீ இயக்குநரகம் ,