News
BREAKING: Case Between Federal Republic of Nigeria and Chief Cletus Ibeto Handed Over to Lagos Attorney General
Justice I.O. Ijelu has officially handed over the case between the Federal Republic of Nigeria and Chief Cletus Ibeto CON to the Lagos State Attorney General. This decision comes as the court lacks jurisdiction to hear the matter. The Lagos State Attorney General has taken over the prosecution of the case, following a letter written by the Lagos Attorney General.
The transfer of the case to the Lagos Attorney General was prompted by a petition submitted by Chief Roberte Clark. SAN, the counsel to Chief Cletus Ibeto, to the Attorney General of Lagos State.
The case originated when Sir Daniel Chukwudozie filed a petition with the Economic and Financial Crimes Commission (EFCC). Subsequently, charges were filed at the Lagos High Court Ikeja against Chief Cletus Ibeto and his companies. These charges are alleged to be fabricated and stem from a failed business transaction between Chief Cletus Ibeto and Sir Daniel Chukwudozie and his companies, which occurred at the Reclamation Road Layout in Bundu Amo Community, Port Harcourt Local Government Area, Rivers State.
Both parties voluntarily appeared before the High Court of Rivers State to resolve their dispute in Suit No. PHC/15S/CS/2022, between Ibeto Energy Development Limited & Anor vs. Dozzy Oil & Gas Limited & 2 Ors. In its ruling, the Court in Port Harcourt, Rivers State, declared Ibeto Energy Development Ltd as the rightful owner of the land, awarding them the Statutory Right of Occupancy over the land situated along the Reclamation Road Layout at Bunda Ama communities, Port Harcourt City Local Government Area of Rivers State. Dissatisfied with this decision, Sir Daniel Chukwudozie and his companies have lodged appeals, while Chief Ibeto has filed a Cross-Appeal challenging a specific aspect of the judgment. These appeals are currently pending at the Court of Appeal Port Harcourt Division.
While the case is still awaiting resolution at the Court of Appeal Port Harcourt, Sir Daniel Chukwudozie filed a petition with the Economic and Financial Crimes Commission (EFCC) in Lagos. This resulted in a charge being brought against Chief Ibeto in Charge No. ID/2149/23, between the Federal Republic of Nigeria and Chief Cletus Ibeto & 2 Ors. The charge is scheduled to be heard before Honorable Justice 1.O. IJELU at the Ikeja High Court.
The transfer of the case to the Lagos State Attorney General marks a significant milestone in the legal proceedings as the jurisdictional matter is addressed. The Attorney General will now proceed with the prosecution of the case based on the petition presented by Chief Roberte Clark, SAN, the counsel to Chief Cletus Ibeto.
This development underscores the complexity and importance of the ongoing legal battle between the Federal Republic of Nigeria and Chief Cletus Ibeto. As the case continues to unfold before the courts, all parties involved eagerly await the resolution of their appeals and subsequent hearings at the Ikeja High Court.
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News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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