Economic Crime



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    Breach of Contract: Court Orders WAEC to Pay N35m

    JUSTICE Oluyinka Gbaja-Biamila of the Lagos High Court had in his judgement delivered on suit No ID/663/2005 ordered the West African Examinations Council (WAEC) to pay AAFDEV Associates and three order claimants a cumulative sum of N35 million in the aggregate sum of N8, 750,000 over breach of contract for improperly terminating a project contract entered by the parties.

    Suspects Face Trial for Robbery

    A 37-years old Shehu Mohammed has been docked before a chief magistrate Court, Igbosere, Lagos over an alleged armed robbery.

    ICPC Investigates Lagos, Ogun Councils’ Accts

    RETIRED Justice Emmanuel Ayoola, Chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC) has ordered the Lagos State office of the commission to carry out an investigation of revenue allocation from the Federation Accounts to Local Government Councils and the financial expenditures of these Councils in Lagos and Ogun States for the year 2008.

    Court Defers Judgment on Bode George

    JOSEPH Oyewole of the Lagos High Court, Ikeja has adjourned sine die judgement in the N100 billion-corruption trial of Chief Olabode George, the former chairman of Nigerian Ports Authority (NPA) and five others.

    IN a bid to reach an amicable settlement, Justice Oluwatoyin Taiwo (Mrs) of Lagos High Court has adjourned for further pre-trial conference the N500 million suit slammed against Coca-Cola Nigeria Plc and Nigeria Bottling Company Plc (NBC) by the Lagos State Fishermen Co-operative Association Limited over the alleged pollution of canal by discharging dangerous, harmful, untreated effluent and wastewater from their plant into the Apapa Canal which has affected the aquatic life therein and consequently affected their fishing trade and occupation adversely.

    THE Federal High Court Abuja has ordered the immediate release of Mr. Johnson Salako, Mobitel’s Chief Executive Officer by the Economic and Financial Crimes Commission (EFCC). The court order came following the EFCC’s unlawful arrest and detention of Mr. Salako on Thursday 25th June, 2009.

    ABISOLA Akinsete, a female and former employee of Westerngeco Seismic Nigeria Limited, Victoria Island, Lagos has instituted an action before Justice Opeyemi Oke of Lagos High Court against her former employer, claiming the sum of N100 million as damages for the alleged disgrace, abuses, loss of face and integrity, deprivation, mental, physical and psychological suffering and financial losses she incurred as a result of wrongful termination of her appointment.

    DUROSINMI  Oluwa, a shareholder of Sterling Bank Plc has dragged Mr Yemi Adeola, managing director of the bank, and four others to a Federal High Court, Lagos alleging massive and illegal manipulation of his shares with the bank from N20,669,549.95  to  N8,768,402.56.

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