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N32million: Agagu’s Wife Dragged To Court Over Unpaid Debt

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Ministry

In a bid to recover a debt of N32,136,877.25, the Asset Management Corporation of Nigeria (AMCON) has dragged Agagu Olufunke Ibidun, the wife of former Governor of Ondo state, Olusegun Agagu, before a Federal high court in Lagos, Southwest of Nigeria.

Joined as co-defendants in the debt recovery suit are the son of the former Governor, Agagu Feyisayo Opeyemi and Central Securities Clearing Systems Plc.

In a statement of claim filed before the court by Prime -Gentry Chartered Secretaries &Attorneys on behalf of the debt recovery agency, it was alleged that Agagu Feyisayo Opeyemi, who was a customer of United Bank for Africa Plc applied for a loan and was consequently granted same by virtue of a letter of offer of loan value at N6,177,600 dated 19th June, 2007 for the acquisition of UBA approved shares from the capital market or public offer.

The loan had a tenor of repayment period of 12 months and ought to have been fully repaid by 18th June, 2008.
However, the loan remained unpaid and was accordingly categorized as non performing loan.

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AMCON avers that it is entitled to judgement against Agagu Feyisayo Opeyemi as per its statement of claim, having failed to repay the outstanding loan facility.

Pursuant to an application filed by AMCON on October 9, 2018, the court granted an interim order on 12th of December, 2018 directing Central Securities Clearing System Plc to transfer the subject shares to AMCON to preserve same pending the filing of the substantive suit.

However, in a calculated attempt to over reach and foist fait accompli on the order of the court and frustrate the efforts of AMCON to recover the debt, Agagu Feyisayo Opeyemi, having ostensibly gotten wind of the order, purportedly sold and transferred the subject shares to his mother Agagu Olufunke Ibidun on 13th December, 2018.

Consequently, AMCON is making the following claims against Agagu Feyisayo Opeyemi :

An order against him for the payment of the sum of N32,136,877.25 being the outstanding sums he owed AMCON
Interest at the rate of 15% per annum from 16th of August, 2018 until judgement and thereafter at the rate of 10% per annum until liquidation of the judgement sum.

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2.  An order granting AMCON a power of sale in respect of the stocks clearly identified to belong to Agagu Feyisayo Opeyemi and all other shares owed by him to be applied towards liquidation of his indebtedness.
3.  An order nullifying the purported sale of the shares by Agagu Feyisayo Opeyemi to his mother on the premise that the said illusory sale made on 13th December, 2018 was a deliberate and calculated attempt by Agagu Feyisayo Opeyemi to overreach the court and foist a fait accompli on the order of the court.

The presiding Judge, Proffesor Chuka Obiozor, has adjourned till 8th October, 2019, when the legal battle will resume.

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Outrage: Seun Onigbinde Resigns

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Seun Onigbinde, the Chief Executive Officer of BudgIT, has resigned  his appointment from the government of President Muhhamadu Buhari.

Onigbinde was appointed the technical adviser at the Federal ministry of budget and national planning.

A strong critic of the Buhari government, his appointment has however been heavily criticised.

Explaining the reason behind his resignation, Onigbinde said:

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” It is clear that recent media reports about my appointment have created a complex narrative, which I believe would engender an atmosphere of mistrust, as I planned to proceed.

“Upon further reflections on the furore that has been generated by my new role as the Technical Adviser to the Minister of State for Budget and National Planning, I humbly resign the appointment.

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“I am very grateful to the Honourable Minister, Prince Clem Ikanade Agba, for believing in my expertise and I also thank everyone who sent his or her congratulations to me in the short period. I have also been humbled by the faith and belief that numerous persons have expressed in me,” he wrote partly.

According to Onigbinde,  he expected criticisms following his appointment but did not know it would be this much.

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Drunk Police Officer Stabs Nine People In Ondo State

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Khalid Mohammed

At least ninu people were allegedly stabbed at a club in Akure, Ondo State by a drunk policeman.

The policeman, attached to Area Commander’s office, Akure, allegedly stabbed the victims who were said to be young men at a popular club located at Alagbaka, GRA , Akure, during a brawl that ensued among them.

Eyewitnesses said the policeman who was reportedly drunk, started harassing the victims who had come to relax at the club.

Trouble started when the policeman began pestering and harassing one of the victims.

According to reports, it was so clear that he (Orisadare) was so drunk and was already becoming something else at the club.

“He won’t just listen to those trying to tell him to take things easy. It got to a point that things went awry as he started attacking everyone he could lay his hands on. In total, he stabbed nine people before he could be overpowered,” the source said.

Another source said some of the victims of the attack were currently receiving treatment in various hospitals in Akure, while some were in critical condition.  However, there was no loss of life in the incident.

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Police Public Relations Officer, Ondo State Police Command, Femi Joseph, confirmed the incident and stated that everyone involved was engaged in a brawl. He also disclosed that the alleged policeman was also injured in the fight and had been taken to the hospital.

“There was a fight between the policeman and the boys, but we have started investigation into matter. All those involved in the brawl are already in the hospital receiving treatment. But if at the end of the day we find our man culpable, we will deal with him because we don’t tolerate indiscipline in this Command.”

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Police Raid New Afrika Shrine***Arrest 28 Miscreants

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Impregnating

Not less than 28 miscreants were arrested by policemen attached to the Lagos State Taskforce on Environmental Sanitation and Special Offences  at the New Afrika Shrine.

Another 15 illegal street traders were also arrested at various locations around Afrika Shrine, Alausa, Ikeja.

This much was disclosed in a statement by the Chairman of the taskforce, Olayinka Egbeyemi.

Egbeyemi said that the raid was necessary due to the nefarious acts within the vicinity of the Afrika Shrine which presented negative image to tourists and residents of Lagos.

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“Operatives of the Lagos State Environmental and Special Offences Unit, over the weekend, raided all streets within Central Business District including surroundings of the ‘African Shrine,’ Alausa, Ikeja.

“The enforcement operations became imperative following complaints from members of the public about the criminal activities of miscreants and environmental nuisance of illegal street traders around the Shrine,” he said.

According to the chairman, the night operation was carried out around spots where drugs like Tramadol, Codeine, Skunk, Marijuana, Illegal liquor and assorted food are sold.

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“These consumable and non-consumable items are freely sold on the streets in defiance of security agencies and government authority,” he said.

Egbeyemi maintained that the enforcement operations would be a continuous exercise in line with the vision of the present administration to rid the state of street urchins and criminals.

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