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Judge’s withdrawal stalls Innoson’s arraignment

The scheduled arraignment on Friday of Innocent Chukwuma, known popularly as Innoson, at an Ikeja Special Offences Court has suffered a setback, following the withdrawal of Justice Mojisola Dada from the case.

Appeal court reserves ruling in Innoson, GTBank case

The Court of Appeal sitting in Enugu has adjourned till a date yet to be determined, its ruling on the applications brought before it by Innoson Group and Guaranty Trust Bank.

Innoson admits making false claims on Supreme Court judgment against GTBank

This was followed by a statement by his spokesman Cornelius Osigwe in which Innoson walked back from his false declaration stating instead that “There have been a lot of misinterpretations on the Press Release published by Innoson Group on the decision of the Supreme Court”.

Official: Innoson Motors operations hampered by court case

The Innoson Vehicle Manufacturing Company (IVM) on Wednesday said that efforts to upgrade from 10,000 cars production capacity annually to 60,000 is being hampered by litigations against the company.

Court declares Innoson wanted for fraud

Justice Mojisola Dada of an Ikeja Special Offences Court, Lagos has just declared the Chairman of Innoson Motors, Innocent Chukwuma, wanted for fraud.

Group calls for urgent corruption probe of Governor Ortom

An anti-corruption group, Initiative for Transparency (IT), has called on the Economic and Financial Crimes Commission (EFCC) to urgently investigate the Benue State Governor Samuel Ortom over alleged massive corruption in the state.

Trading resumes on negative trend on Nigerian Stock Exchange

The equity sector of the Nigerian Stock Exchange (NSE) reopened on a negative territory on Monday despite price gains the outweighed loses with the market capitalisation losing N16 billion.

Former banker jailed seven years for N700 million fraud

Former relationship officer, Coronation Merchant Bank, Nsa Ayi, has been sentenced to seven years imprisonment for diverting clients N700 million meant for Federal Government bonds, treasury bills and fixed deposits.

Man bags two months prison term for headbutting ex-premier

A Magistrates’ court on Monday sentenced an Australian man who headbutted former prime minister Tony Abbott to at least two months in prison, local media reported.

All-Share Index rebounds by 0.31% following MPC meeting

The Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month with the All-Share Index improving by 0.31 per cent, a day after the Monetary Policy Committee (MPC) meeting.

Nigeria considers extending bilateral agreement with Sierra Leone

The Nigeria’s High Commissioner to Sierra Leone, Dr Habbis Ugbada, said that the Federal Government was considering extending its bilateral agreement with the Republic of Sierra Leone to cover energy, power and agricultural sectors.

Innoson shuns court again, petitions NJC over judge

The Chairman of Innoson Motors Nigeria Limited, Innocent Chukwuma, has again failed to appear in court for his arraignment at an Ikeja Special Offences Court.

Senators storm conduct tribunal for resumption of Bukola Saraki’s trial

Bukola Saraki, senate president, has appeared at the code of conduct tribunal (CCT) for the resumption of his trial.

Governor Ambode receives Nigerian world record holder in longest reading marathon

Lagos State Governor, Mr Akinwunmi Ambode, on Wednesday received a Nigerian, Bayode Treasures-Olawunmi, who set a new Guinness World Record in longest reading marathon.

2018: Nine banks to meet new central bank dividend payout policy – report

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.

Nigeria stock market index records 0.02 percent growth

Transactions on the Nigerian Stock Exchange ended on a cautious note on Wednesday with the All-Share Index increasing marginally by 0.02 per cent.

Ex-GTBank staff docked over alleged N5.8m theft

A 32-year-old ex-banker, Isaac Ajagbe, who allegedly stole N5.8 million from his employer, Guaranty Trust Bank (GTB), was docked before an Iyaganku Chief Magistrates’ Court sitting in Ibadan.

Nigerian Stock Exchange suffer 1.53% drop in market indices

Weekly activities on the Nigerian Stock Exchange (NSE) resumed on depressed note on Monday as the market indices dropped by 1.53 per cent.

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