Olu Falae escapes assassination, OBJ, Yar’Adua, GEJ to account for recovered loot, CCT shifts Saraki’s trial, Uzoka new UBA GMD, Court orders release of GEJ’s ex-ADC; Dangote Cement Posts Profit, declares dividend . . .
Olu Falae escapes assassination attempt
A leader of Afenifere and former Secretary to the Federal Government (SFG) Chief Olu Falae, on Wednesday escaped death when a gun shot was fired at his car by mobile police men along Akure-Ilesha Express way.
Falae was on his way to Ile-Ife to join other members of the pan Yoruba socio-cultural group, Afenifere on a courtesy visit to Ooni of Ife, Oba Adeyeye Ogunwusi when the incident happened.
Falae narrated his ordeal to journalists in Ile-Ife before the Afenifere’s meeting with Oba Ogunwusi. He said hr narrowly escaped death in the hands of the gunmen.
He explained that his car was shot at Ile-Oluji junction while traveling to Ife for Afenifere’s visit to Ooni og Ife.
Lagos Court orders Obasanjo, Yar’Adua & Jonathan to account for recovered loot
The Federal High Court sitting in Lagos in a landmark judgment has held that successive governments since the return of democracy in 1999 “breached the fundamental principles of transparency and accountability for failing to disclose details about the spending of recovered stolen public funds, including on a dedicated website.”
The court then ordered the government of President Muhammadu Buhari to “ensure that his government, and the governments of former President Olusegun Obasanjo, former President Umaru Musa Yar’Adua, and former President Goodluck Jonathan account fully for all recovered loot.”
The judgment was delivered on Friday by Hon Justice M.B. Idris following a Freedom of Information suit no: FHC/IKJ/CS/248/2011brought by Socio-Economic Rights and Accountability Project (SERAP).
CCT shifts Saraki’s trial to March 11
The Code of Conduct Tribunal (CCT) sitting in Abuja, has shifted the trial of the Senate President, Dr. Bukola Saraki, on the 13-count corruption charge that was filed against him by the federal government, till March 11.
The Justice Danladi Umar led tribunal which initially gave FG the nod to open its case against Saraki on March 10, deferred the proceeding by a day following a letter from his new lawyer, Chief Kanu Agabi, SAN.
In a statement by the Head of Press and Public Relations at the CCT, Mr. Ibraheem Al-hassan, Agabi had in a letter dated February 26, pleaded for an adjournment on the ground that he has other cases fixed for March 10.
Uzoka appointed GMD of UBA
The Board of United Bank for Africa, UBA Plc, Monday, approved the appointment of Kennedy Uzoka as the new Group Managing Director, with effect from August 1st, 2016 and subject to the approval of the Central Bank of Nigeria, CBN.
Mr. Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group. Kennedy Uzoka has most recently been leading the transformation agenda of the Bank, after returning from completing the Advanced Management Programme of Harvard Business School. Mr Uzoka has over two and half decades of experience in commercial banking, strategy and business transformation.
Prior to his sabbatical at Harvard, Mr Uzoka served as Deputy Managing Director, UBA group and was also the CEO of UBA Africa, responsible for the Group’s operations in 18 countries across Africa. Uzoka is a graduate of Mechanical Engineering from University of Benin and holds a Masters Degree in Business Administration from University of Lagos.
Court orders EFCC and Nigeria Army to release Jonathan’s ex-ADC
A Federal Capital Territory High Court in Jabi, Abuja, has ordered the Economic and Financial Crimes Commission to immediately grant bail to a former Aide de Camp to ex-President Goodluck Jonathan, Col. Ojogbane Adegbe, on liberal terms.
Justice Yusuf Halilu, ruling on a fundamental human rights enforcement suit filed by Adegbe on Tuesday, however, refused the plaintiff’s prayer for N100m compensation for unlawful detention by the Economic and Financial Crimes Commission and request for written apology from the anti-graft agency.
Meanwhile, before the judge started delivering his ruling on Tuesday, Adegbe’s lawyer, Mr. Ogwu Onoja (SAN), informed the court that the EFCC after the hearing of the suit on February 25, transferred the ex-President’s ADC from its custody to the Army.
Ogwu also said that after the hearing, the EFCC which claimed it was only holding Adegbe on the instruction of the Army, decided to grant bail to his client in conditions that were allegedly impossible to meet.
Dangote Cement Posts N181.3bn Profit, Declares N8 Dividend
Dangote Cement Plc has declared a Profit After Tax of N181.3 billion for the financial year ended Dec. 31, 2015.
This is contained in the company’s audited result released by the Nigerian Stock Exchange (NSE) on Tuesday in Lagos.
The News Agency of Nigeria (NAN) reports that this was against the N151.5 billion posted in 2014.
The profit represented a growth of 13.67 per cent when compared with the figure for 2014.
The company’s Profit Before Tax stood at N188.3 billion compared with N184.7 billion achieved in the corresponding period of 2014.
Further breakdown of the result indicated that the company declared a revenue of N491.7 billion compared with N391.6 billion recorded in 2014, representing an increase of 26 per cent.
NAN reports that based on the performance, the company’s Board of Directors recommended a dividend of N8 per share against N6 paid in 2014, a growth of 33 per cent.
The company in 2015 announced plans to increase its capacity by 25 million tonnes across African countries in Ethiopia, Kenya and Zambia with a new plant in Nepal. (NAN)