Ocean News

  Justice Oyindamola Ogala of the Lagos State High Court sitting in Ikeja, Lagos, on Monday, March 11, 2024 adjourned the alleged N4.8 billion fraud brought against a businessman, Chief Cletus Ibeto, till April 15, 2024. The case, which was initially before Justice I.O. Ijelu, of the Lagos State High Court, Ikeja, suffered several adjournments due to the absence of the defendant to take his plea with respect to the 10-count charges filed against him by the Economic and Financial Crimes Commission, EFCC. He was charged alongside his companies, Ibeto Energy Development Company and Odoh Holdings Ltd. Justice Ijelu had on November 3, 2023 declared Ibeto wanted, based on an application moved by counsel to the EFCC, Rotimi Jacobs, SAN. He also issued a bench warrant for his arrest. However, when the case came up on January 29, 2024, the court informed all parties involved that the case file had been returned to the Chief Judge of the State High Court. Thereafter, the case file was re-assigne

Justice K.N. Ogbonnaya of the Federal Capital Territory, FCT, High Court Zuba has fixed commencement of hearing of a N201,000,000( Two Hundred and One Million) alleged fraud involving four Abuja company executives and their company for May 6, 2024. The defendants, Harry Ositadinma Samuel, Ayodele Raymond, Gowon Usman Egbunu, Alhaji Nuhu Amanabo and Beligetto Holding Company Limited were arraigned on February 29, 2024 on two-count charges bordering on obtaining by false pretense. Count one reads, “that you Harry Ositadinma Samuel Group Chairman of Beligetto Holding Company Limited, Ayodele Raymond, Managing Director of Beligetto Holding Company Limited, Gowon Usman Egbunu, Alhaji Nuhu Amanabo, Beligetto Holding Company Limited and others (At Large) sometime in the year 2020 at Abuja within the jurisdiction of this Honourable Court conspire among yourselves to commit an offence to wit; obtaining properties by false pretense, and thereby committed an offence contrary to Section 8 (a) and

Ondo Speaker, Olamide Oladiji is facing controversy for reportedly claiming that 18 lawmakers support Governor Lucky Aiyedatiwa’s All Progressives Congress ticket bid in the upcoming November governorship election. Oladiji made this assertion during Governor Aiyedatiwa’s declaration of intent, sparking discussions on the validity of his claim. The Speaker said, “18 members of the Ondo State House of Assembly have agreed to support Aiyedatiwa. Even those who are not in the APC are with us in this struggle, and by the grace of God, we will arrive at the promised land.” Thirteen lawmakers, however, in a statement, distanced themselves from Speaker Olajidi’s claims that they have endorsed Governor Aiyedatiwa as the party’s candidate. The 13 lawmakers passed a vote of no confidence on Speaker Olajidi and said his declaration was untrue, misleading, un-parliamentary and ridiculous. They said no resolution was passed by the Assembly endorsing Aiyedatiwa. The statement reads, “The House of Ass

President Bola Tinubu and Senate President Godswill Akpabio are currently meeting behind closed doors. Politics Nigeria understands that Deputy Senate President Barau Jibrin is also present at the private meeting at the Aso Rock Presidential Villa. While Akpabio did not reveal the reason for his visit, a source say the meeting may not be unconnected with the events surrounding the suspension of Bauchi lawmaker, Abdul Ningi. Ningi was suspended for three months after alleging that President Tinubu was implementing a different budget from that which was passed by the National Assembly in December 2023. The lawmaker also accused Akpabio of inserting some illegal projects worth N3.7 trillion into the 2024 budget.   Details shortly…

  Ex-British Council Director, Roberts Former British Council Director in Abuja, David Roberts, has said Nigeria’s economy which posted a GDP growth of 3.46% in Quarter 4, is anything but m£ssy.  Speaking in a statement, he said: “I lived and worked in Nigeria for many years as a British diplomat and one of the issues that most disturbed me was the sustenance of the fuel subsidy regime. Why would a country with a severe infrastructural deficit invest more money on a wasteful expenditure such as cheap petrol, instead of building schools, hospitals, dams and a national railway system? It is evident that it had to go. We joined the World Bank and the International Monetary Fund in saying as much to the Nigerian government. And at long last, it is gone. And everything we said that would happen after it goes is happening. Nigeria’s GDP is growing at 3.46 per cent while Europe is on the edge of recession. Her stock market just crossed 100,000 basis points, overtaking Argentina’s as the world