Nigerian High Court Judge Dismisses N40 billion Fraud Case Against Former Speaker Bankole And Deputy, Nafada

Former speaker Dimeji Bankole and Deputy, Nafada
Justice Suleiman Belgore of the Abuja High Court today dismissed the corruption charges brought against former speaker of the House of Representatives and his deputy.   The judge ruled that Economic and Financial Crimes Commission (EFCC) had not brought a solid case against the duo and ruled that they have no case to answer.

The controversial ruling has set free the former Speaker of the House of Representatives, Dimeji Bankole and his deputy, Usman Bayero Nafada of complicity in the N40 billion loan scam.
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Revert your name to Econet- Court tells Airtel

Last week Tuesday, 24th January 2012, in the Federal High Court of Nigeria, the Honorable Justice Shuaib, handed down judgment in the matter between Econet Wireless Ltd (‘EWL’) vs. Bharti Airtel Nigeria Limited, suit No FHC/KD/39/2008 (Formerly FHC/L/172/2004).
The summary of the judgment is as follows:
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1.    Econet Wireless Ltd, an international company, domiciled in the United Kingdom, is a shareholder of Bharti Airtel Nigeria Limited and holds 5% of the issued shares of the company. The Court ordered Airtel to reinstate the shareholding of EWL.
2.    The Court ordered that all actions, and resolutions taken by the company, since October 2003, at which EWL was entitled to be notified, and to participate in, as a shareholder, but was prohibited, are null and void. This includes decisions to sell shares, issue shares, and also transfer shares to third parties.
3.    The Court also ordered that the name change from Econet Wireless Nigeria Limited, effected in 2003, was irregular, and must be reversed forthwith.
4.    The Corporate Affairs Commission (CAC) has been ordered to cancel any certificate previously issued for the change of the name of the company and restore the name of the company to Econet Wireless Nigeria Limited.
5.    As a result of the judgment by the Honorable Justice Shuaib, Econet Wireless Limited through its lawyers has now written to the company, with the following requests:
6.    Immediately reissue shares in the company to Econet to reinstate its 5% interest.
7.    Provide Econet full access to information relating particularly to board decisions and shareholder resolutions in accordance with the Companies Act, the shareholders agreement between the parties and in pursuance of the orders of the Federal High Court of Nigeria.
Econet Wireless intends to review the decisions taken by the board and other shareholders to ascertain which actions are in violation of the order of the High Court.
Commenting on the decision, Econet Wireless Group Chairman – Mr Strive Masiyiwa said: “It is universally accepted throughout the world, that when shares in a company are allotted and share certificates issued, as confirmation of ownership, this is sacrosanct.
“In October 2003, Econet Wireless Ltd received a letter from the chairman of the company – Mr Oba Otudeko, in which he advised that at a board meeting directors had decided that Econet Wireless was no longer a shareholder, Econet’s share certificate had been cancelled, and Econet’s name removed from the shareholder register. The motive for this unprecedented action was the circumvention of Econet Wireless’ rights as a shareholder in order to facilitate the sale of shares, first to Celtel International, and later to Bharti Airtel.
“As a result of these actions, Econet Wireless was left with no option but to seek redress through the courts. An application was filed in the Nigerian Federal High Court in October 2003, more than eight years ago. Since then, every legal avenue to delay the process was pursued by the defendants through their lawyers, in order to frustrate Econet Wireless.
“I am very disappointed that whilst it was clear to Celtel, Zain and Bharti-Airtel that Econet Wireless was a shareholder, they still chose to pursue a path, in which the end justified the means. It is clear even to those with the most basic understanding of company law that the board of a company has no power in any jurisdiction to simply cancel the shares of a shareholder but their desire to own the company was so great that they were prepared to overlook the facts and ignore our rights
“The substance of this ruling, which was known by Celtel and then Bharti, was a matter of record in the legal documents of the company. It is also common cause to even the casual reader that the order given has far-reaching consequences on the current ownership status of the company.
We have made it clear to the company, that as a shareholder, we would like to ensure that all actions that must be taken to comply with the Court order are undertaken in such a way that there is minimal disruption to the ongoing operations of the company.
“The board of Econet Wireless and I remain willing to sit down with Bharti-Airtel, to review the best way forward for all parties. In the meantime, we have a fiduciary responsibility to take all of the necessary steps to vigorously protect the interests of our shareholders.”
Source: www.econetwireless.com.
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Kendall & Kylie (Kardashian's Sister) Cover Teen Vogue



So cute!!! I guess its time for the young Jenners (Kardashians step sisters) to get pimped out!
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Hafsat Abiola-Costello Says Al-Mustapha Death Sentence Ruling Is "Long Overdue"

Mrs. Hafsat Abiola-Costello, daughter of the deceased Alh. Kudirat Abiola, has responded to the death sentence ruling handed down to Major Hamza Al-Mustapha who was accused of ordering her death.
She described the sentence as a judgement for Nigerians and said it was long overdue. she said there had been "no doubt" of Al-Mustapha's involvment in her mother's killing, adding that it brings some closure to the family still grieving the loss.


Hafsat Abiola admits the 12-year-long case is said to be the longest in the nation's history.
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Amber Rose steps out with Mike Tyson-inspired etching around her left eye

Look familiar? The inking was very similar to Mike Tyson's tattoo, a tribal design also located on the left hand side of his face, which wraps around his eyeLook familiar? The inking was very similar to Mike Tyson's tattoo, a tribal design also located on the left hand side of his face, which wraps around his eye
Look familiar? The inking was very similar to Mike Tyson's tattoo, a tribal design also located on the left hand side of his face, which wraps around his eye.
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Photo: Artist creates human sculpture from 20,000 handmade ladybirds

The Lady Bug Sculpture: Hungarian artist Fulop Gabor used 20,000 hand-painted ladybirds to create this model of the female formCreepy crawlies: The sculpture gives the illusion of ladybirds crawling all over a body
Artist Gabor Fulop used marble or paper-marche to create this piece of artwork called 'The Lady Bug' - and has in fact made up his model using 20,000 tiny ladybirds. He used artificial resin, the Bulgarian sculptor handmade the minuscule beetles, before painting them individually. 

Nice work!




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Photo: The dramatic moment an innocent man is stabbed in the neck when a group of thugs rush door staff

CCTV footage of attack
The 25-year-old victim suffered a deep wound to his neck during the terrifying incident in Manchester in the early hours of Saturday morning as the group forced their way into the club.


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Marc & J.Lo Reconciliation Talk is bad news for Casper Smart

012912_jlo2_still
Marc Anthony and Jennifer Lopez are possibly getting back together means only one thing -- J.Lo's boy toy Casper Smart better enjoy the Bentley and those sweet vacas while he can! Tick, tock 

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Folding cloth napkins

The Standing Napkin Fan Fold

Standing Fan Napkin Fold

Elegant and decorative, this is a classic napkin folding technique. As usual, iron helps but is not necessary.
Napkin Fold #1
Lay the napkin face-down in front of you
Napkin Fold #2
Fold the napkin in half and orient the open end towards you
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Napkin Fold #3
Fold the napkin like an accordion starting at either narrow end. Leave one end with 2-3 inches of unfolded napkin to support the standing fan
Napkin Fold #4
Fold the napkin in half with the accordion folds on the outside
Napkin Fold #5
Grasp the unfolded corners where they meet on the open end and fold them in diagonally, tucking them under the accordion folds
Finished Fan Fold
Open it and stand it up. A beautiful fan for a beautiful dinner.


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Ceiling or Standing fans? Which would you rather go for?


I used to like ceiling fan a lot because of its uniform cooling but with the recent advanced mosquitoes in Naija, my love for ceiling fans is changing because it doesn't help with mosquitoes at all. Standing fans helps keep the mosquitoes away because of its sudden wave to and fro.

This is my opinion what's yours?
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5 Killed In Mysterious Fire Outbreak

Five persons have died and two others sustained serious burns in a suspected arson attack carried out by a 54-year-old man in his house at Breman Kwantwima, a suburb of Kumasi at dawn Monday
year-old man in his house at Breman Kwantwima, a suburb of Kumasi at dawn Monday.

The incident threw the whole community into a state of shock and mourning as people wondered why a person in the best frame of mind could carry out such a dastardly act that killed his wife and children, and his biological parents.Samuel Agyeman, the man who allegedly carried out the brutal attack was at large and police were hunting for him.

They included Afia Agyeiwaa, 50, wife of the suspect and two of their children. One of the children was identified as K. Brother, 12 but the other said to be about 22 years of age was not immediately known.

The two others killed in the inferno were the biological parents of the suspect. Their names were given as Opanin Agyeman Tawiah and Madam Soti Modey, both in their 80s.

The injured, two, also children of the suspect were on admission at the Komfo Anokye Teaching Hospital (KATH). Their names were not immediately known but were said to be about 27 and 24 years of age.

Neighbours cited divorce threat from the wife as the likely cause of the brutal attack. Eyewitnesses told the Daily Graphic that Samuel lived in his house with the wife and children, as well as his parents including the ailing mother.

For some time now the couple had been quarrelling with Agyeiwaa threatening divorce whilst the man threatened to burn the house.

On Sunday night, neighbours said they saw the man in the house but nothing showed he was preparing for any attack.

At about 3am Monday, they said, a plume of smoke was seen drifting into the skies from Samuel’s house and many people rushed to the scene. The fire had then become uncontrollable and before fire personnel were called in to save the situation, the five persons had already died.

Two others who were still alive had serious burns and were rushed to the hospital for medical attention.

What heightened suspicion of arson was that the main door to the house was locked from behind whilst Samuel Agyeman was no where to be found.

Police were informed and they had since begun investigations into the matter while the suspect was being hunted for. The remains of the deceased had been deposited at the KATH morgue pending autopsy.
 
 
 
Source: Kwame Asare Boadu/D.Graphic
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Shopaholic Kim Kardashian goes hell for leather in tight trousers

Good looking: The socialite looked fit and trim in her tight-fitting pants Good looking: The socialite looked fit and trim in her tight-fitting pants
Kim looked fit and trim in her tight-fitting pants

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Designer unveils bizarre 'boob gown' at Rome fashion week

Coy, and letting it all hang out: A model shows off Molaro's mega-boob creation at Alta Roma fashion week in the Italian capitalCoy, and letting it all hang out: A model shows off Molaro's mega-boob creation at Alta Roma fashion week in the Italian capital

One of Gianni Molaro models took to the catwalk with her arms strangely folder over her chest as if she was wearing a straight-jacket. When her hands were lowered to her sides, though, they exposed a single, huge breast which had been sewn to the bodice of her top.


The look was completed with a wide-hipped, floor-length, fishtail skir cross sewn over the crotch, and a stripy, transparent headpiece over the model's face


Weird abi?
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Photos from Alec Godwin's Wedding

Nice!

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Murder of Kudirat Abiola: Court Sentences Al-Mustapha, Abacha’s CSO, to Death


A Lagos high court sentenced Major Al Mustapha, the former chief security officer to late dictator Sanni Abacha, and Alhaji Lateef Shofolahan, a protocol officer in the MKO Abiola campaign organisation, to death by hanging, for the 1994 murder of Hajia Kudirat Abiola, the wife of late MKO Abiola.
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Omotola's OYEP foundation gives 20 widows amazing makeover




Amazing right? See more when you continue?









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