Mobile Site Desktop Site Back Up Soon Please Bear With Us. Nigeria Security Summit:Theme-Insurgency, Nigeria and Beyond Register

Arrow up
Arrow down

02October2014

 

More... NUC Warns Against Nigerian Universities Awarding Fake Postgraduate Programmes    

NUC Warns Against Nigerian Universities Awarding Fake Postgraduate Programmes

The National Universities Commission (NUC) has said that only 58 of the total number of universities in Nigeria have approval…

More... Unlawful Arrest : Court Orders SSS to Apologise & Pay Elrufai N2m    

Unlawful Arrest : Court Orders SSS to Apologise & Pay Elrufai N2m

The Federal High Court sitting in Awka, Anambra State on Monday ordered the State Security Service of Nigeria to apologise…

More... $9.3 Million Arms Deal Scandal: Shut up! You Took Nigeria to Islamic Conference, Christian Group tells Cardinal  Okogie    

$9.3 Million Arms Deal Scandal: Shut up! You Took Nigeria to Islamic Conference, Christian Group tells Cardinal Okogie

...says we've videos where you appeared A socio-religious group, Christians United Against Boko Haram (CUABH) on Sunday slammed a former…

More... Heritage of the Righteous    

Heritage of the Righteous

In furtherance of our study on righteousness we will be taking a look at Isaiah 54:17, which informs us that…

More...   Falana  to  I.G : Fayose is Nigeria`s Idi Amin    

Falana to I.G : Fayose is Nigeria`s Idi Amin

Nigeria’s human rights lawyer, Femi Falana, has charged the acting Inspector-General of Police, Suleiman Abba, to immediately arrest and prosecute…

More... Editorial: The 2014 National Honors Travesty     

Editorial: The 2014 National Honors Travesty

Just when it seems the Jonathan administration has hit the lowest ebb in governance capacity, it manages to find a…

Frontpage Slideshow | Copyright © 2006-2011 JoomlaWorks Ltd.

AMCON Misleading the Public — Babalakin

Bi-Courtney Limited (BCL) has accused the Asset Management Corporation of Nigeria (AMCON) of deliberately misinforming the public about the facts of the issues it has to settle with Dr. Wale Babalakin.

The company accused AMCON of engaging in cheap blackmail and character assassination by bringing up issues that are not relevant to the one at hand, instead of addressing the issues raised by its Chairman at the press conference he held at BCL’s headquarters in Lagos, on Monday.

 According to a statement issued by BCL’s spokesman, Dipo Kehinde, the firm was compelled to make “certain clarifications, following the erroneous and provocative claims made by AMCON at a press conference addressed by its counsel, Mr. Olisa Agbakoba, in Lagos, yesterday.”

BCL expressed its negative disposition to joining issues with AMCON and, or, any of its legal representatives as to the circumstances of or the actual volume of Babalakin’s indebtedness to the corporation, but only demanded the corporation’s compliance with the order of Justice G.K. Olotu of the Federal High Court, Abuja, on April 5, 2012, in the suit number: FHC/ABJ/CS/50/09.

It described the figure of N60bn suggested by AMCON as a figment of AMCON’s imagination, which is consistent with its characteristic of being cavalier with issues, especially facts and figures.

Bi-Courtney stated that paragraphs three and four of the order unambiguously directed as follows:  “An order directing the Defendant/Respondent (Attorney General of the Federation), being the Chief Law Officer and legal representative of the Federal Government of Nigeria and all its agents/agencies, including the government institutions and bodies responsible for the payment of the sum due to the Applicant, to mandatorily  compel the said government institutions and bodies to immediately comply with the judgment of this honorable court by making without any further delay the payment of N132,540,580,304.00 to the Plaintiff/Applicant (Bi-Courtney) in fulfillment of the aforesaid order of this Honorable court.

“An order directing the Defendant/Respondent, being the Chief Law Officer and legal representative of the Federal Government of Nigeria to set off from the above-mentioned of N132, 540, 580, 304.00, any claims agreed with the Plaintiff/Applicant to be due from the Plaintiff/Applicant to any agency of the Federal Government of Nigeria, including but not limited to the Asset Management Corporation of Nigeria (AMCON).”

“It is amazing that AMCON, which is a creation of the Federal Government, is now refusing to acknowledge its principal’s instrument as a means of repayment to it, thus impliedly casting aspersion on the credibility and standing of its principal,” the statement added.