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Ekiti State Governor Ayodele Fayose has raised a panel to probe the financial transactions of his predecessor, Dr. Kayode Fayemi, who is presently Minister of Mines and Steel Development. But, the minister has gone to court to stop the probe. ODUNAYO OGUNMOLA (Ado Ekiti) examines the contentious issues.

It was the appearance of the former Commissioner for Finance under the Fayemi administration, Dapo Kolawole, on a televised programme on June 14, last year that started the controversy over the finances of the administration.  Kolawole had explained during the programme that his boss did not plunge Ekiti into debt, as alleged by Governor Ayodele Fayose and that, on the contrary, the money Fayose received so far from the Federation Account as at that time was enough to pay three months workers’ salary, out of the six months outstanding salaries.

The former commissioner also claimed that it was Fayose who renegotiated Ekiti debt till 2036 and not Fayemi, as the latter had paid half of the debt and was expecting the sum of N17 billion as reimbursement from the Federal Government, for some road construction projects and that this would have offset all debts, if Fayose had not breached the payment plan. This revelation irked Fayose’s government and prompted the invitation of Dapo Kolawole by the state House of Assembly, to come and explain the finances of Ekiti State while he was Commissioner for Finance.... more

The Lagos State Police Command yesterday described as empty threats, a letter purportedly written by kidnappers to Model College Kankon, Badagry, notifying the school of an invasion.

Commissioner of Police Fatai Owoseni said nothing was being left to chance, appealing to residents to remain calm.... more

Federal High Court sitting in Ibadan has ordered that a former Minister of Federal Capital Territory (FCT), Oloye Jumoke Akinjide and another chieftain of the People’s Democratic Party (PDP) in Oyo State, Chief Olanrewaju Otiti, be remanded in Economic and Financial Crimes Commission’s (EFCC) custody over the N650 million allegedly collected to fund the 2015 election.... more

The Federal Road Safety Corps (FRSC), Bauchi state command, says it will deploy over 150 of its officer to ensure hitch-free Eid –el-fitr celebration in Bauchi metropolis.

FRSC Sector Commander in the state, Mr Abdulrazak Najume, told News Agency of Nigeria (NAN) in Bauchi on Friday that in addition, all major roads leading to the state capital would be closed to traffic from 6am on Sallah day, to be opened after the prayer session.... more

Consortium of 13 banks involved in Etisalat Nigeria loan on Thursday refuted reports that they have taken over the operations of the company.

A management source close to the banks who pleaded anonymity told the News Agency of Nigeria (NAN) in Lagos that there was no truth in the report making the round.... more

The Senate president, Bukola Saraki, expressed optimism on Friday that the Appeal Court would uphold the verdict of the Code of Conduct Tribunal (CCT) which discharged and acquitted him on charges of false assets declaration.

The CCT had on June 14 acquitted the Senate president on false assets declaration.

Saraki, in a statement issued by his Special Adviser on Media and Publicity, Yusuph Olaniyonu, said he was confident that the appeal court verdict would not be different from that of the CCT as the facts of the case remained the same and the grounds on which the tribunal’s decision was based remain unassailable.

He also alleged that there were forces in the President Muhammadu Buhari’s administration and collaborators outside the government who were bent on “pulling him down.”... more

In Order to find a resolution to the debt crisis troubling Etisalat Nigeria, a meeting between the officials of the company, Nigerian Communications Commission (NCC), the Central Bank of Nigeria (CBN) and a consortium of banks has reportedly been scheduled for today.

According to NCC, the consortium of banks seeking to take over Etisalat Nigeria over the protracted $1.72 billion debt impasse must first cross some regulatory hurdles.... more

A 30-year-old native doctor, Lucky Okon, who allegedly raped a woman for days and defrauded her of N800,000, on Thursday appeared before an Ikeja Magistrates’ Court.

The accused was arraigned before Magistrate J.A Adigun on a two-count charge.... more

Two unemployed men, Kamoru Onabamiro and Henry Chuks, were on Thursday arraigned in  an Ikeja Magistrates’ Court in Lagos for allegedly stealing  valuables worth  N500, 000.

Onabamiro, 40, a resident of Meiran area of Abule-Egba, Lagos;  and Chuks, 33, who resides at Agege, Lagos, are being tried for breach of peace, conspiracy and stealing.... more

Justice Nnamdi Dimgba of the Federal High Court in Abuja has thrown out an application seeking, among others, the dismissal of a $1.6bn fraud charge brought against a businessman, Jide Omokore and five others.

Omokore is being tried with Victor Briggs, David Mbanefo, Abiye Membere and two firms linked to Omokore – Atlantic Energy Brass Development Limited and Atlantic Energy Drilling Concepts Limited – on a nine-count, in which they are accused of engaging in criminal diversion of about $1.6bn said to be part of proceeds from the sale of petroleum products belonging to the Federal Government.... more

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