Day: 24 June 2024

Why Shoprite is shutting Abuja mall

Jide Ige

Shoprite Mall has announced its intention to cease operation in one of its Abuja branches from June 30, 2024. The branch is situated at Novare Central Mall in Wuse Zone 5. This was contained in a circular signed by the Chief Executive Officer, Dr Folakemi Fadahunsi, on behalf of the retail supermarket and obtained by our correspondent on Monday. A staff at the store who pleaded anonymity also confirmed the report, saying “Yes, it is true, we just heard it here too.” The popular mall attributed its decision to thoroughly…

Read More

Union Bank gets court order to freeze Swift Networks MD accounts over unpaid debts

Jide Ige

The bank accounts of Swift Networks Limited and its managing director, Charles Anudu, have been frozen by a Federal High Court sitting in Lagos. The court granted Union Bank interim injunction restraining Swift Networks Limited and its agents from accessing funds and assets in banks pending determination of a Motion on Notice in an alleged debt recovery suit. Justice Yelim Bogoro issued the order on June 19, following a June 11, ex-parte application filed and argued by Gbenga Akinde, counsel for the plaintiff/applicant, Union Bank. Union Bank listed Swift Networks…

Read More

MURIC raises alarm over planned dethronement of Sultan of Sokoto

Jide Ige

The Muslim Rights Concern (MURIC) has raised an alarm over alleged plan by Governor Ahmed Aliyu of Sokoto State to depose the Sultan of Sokoto, Alhaji Muhammad Sa’ad Abubakar III. The Executive Director of MURIC, Prof. Isiaq Akintola, raised the alarm in a statement on Monday. The development is coming amid the controversy and tension over the deposition of some monarchs in Kano State. Governor Aliyu had earlier deposed 15 traditional rulers for various offences. In his statement, Akintola said Nigerian Muslims reject any thought of deposing the Sultan. “Feelers…

Read More

Otedola consolidates on FBNH shares aquires fresh N17. 2bn shares

Jide Ige

Billionaire businessman, Femi Otedola, chairman of FBN Holdings Plc, FBNH, has increased his stake in the compny with an additional 2.22 percent shares valued at N17.2 billion. The acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Monday. The fresh acquisition further cements the billionaire’s control in the company as his shareholding has now reached 11.63 percent, the highest. According to the NGX filing, Otedola spent N17.2 billion to 797,946,415 shares at 21.58k. The latest acquisition comes just four days after the serial investor increased…

Read More

Ogun Gov., Dapo Abiodun emerges Southern Governors Chairman

Jide Ige

Ogun State Governor, Prince Dapo Abiodun, has been elected chairman of the Southern Governors Forum. Anambra State Governor, Chukwuma Soludo, emerged Vice Chairman. This followed a meeting of the Southern Governors Forum in Abeokuta, Ogun State, on Monday. The meeting, which lasted about five hours, had in attendance 13 governors and three deputy governors from the southern states. The governors are Dapo Abiodun, Ogun, Godwin Obaseki, Edo, Seyi Makinde, Oyo, Alex Otti, Abia, Babajide Sanwo-Olu, Lagos, Ademola Adeleke, Osun, Francis Nwifuru, Ebonyi, Peter Mbah, Enugu, Douye Diri, Bayelsa, and Umo…

Read More