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First Bank Top Officials Allegedly Face Contempt Suit



Justice Peter Lifu of the Federal High Court, Lagos has fixed 25 March for the hearing of all applications in a contempt proceeding suit allegedly filed against First Bank Nigeria Limited and its three officials, by a judgment creditor, Abdulaziz M. H. Nyanko.

Others listed as alleged contemnors alongside First Bank are: its former Chairperson, Mrs. Ibukun A. Awosika; the current Managing Director, Mr. Adesola K. Adeduntan and Francis O. Shobo, the bank’s former Deputy Managing Director.Justice Lifu had on 12 January 2024, fixed the date, after taking arguments from judgment Creditor/Applicant’s counsel, Olukoya Ogungbeje, and alleged contemnors’ counsel, E. A. Okorie.

At the hearing of the suit, the judgment Creditor/Applicant, Nyanko, through his lawyer, informed the court that the business of the court was to hear the contempt application against First Bank and its officials, whom he said has continued to flagrantly disobey the garnishee Order Absolute granted by Justice M. B. Idris, now sitting as Appeal Court Judge on March 8, 2022, in suit marked FHC/L/CS/149/2019 between Abdulaziz M.H Nyako Vs Economic and Financial Crimes Commission (EFCC) and Other.

Ogungbeje told the court that the contempt suit against the First Bank and its officials was under Section 72 of the Sheriffs And Civil Process Act; Order 35 Rules 1.2 (1)(2) of the Federal High Court Civil Procedure Rules 2019; Order IX Rule 13 (2)(3) of the Judgments Enforcement Rules; Order 26 of the Federal High Court Civil Procedure Rules 2019 and under the Court’s Inherent Jurisdiction Preserved By Section 6 (6)(A)(B) of the 1999 Constitution of the. Federal Republic Of Nigeria.Ogungbeje further submitted that since contempt proceedings is a criminal in nature, the alleged contemnors must first appear before the court before any application from them can be entertained.

But counsel to First Bank and its co-alleged contemnors, Okorie, told the court that he has objections to the judgment Creditor/Applicant’s application.

Okorie told the court that his objection to the application is premised on jurisdiction, saying that the court lacks jurisdiction since an appeal has been entered.

However, Justice Lifu, after taking submissions from parties, adjourned to 25 March, for hearing of all applications in relation to the contempt suit.

The judgment Creditor/Applicant has asked the court for the following: “A declaration that the contemnors sought to be committed are bound to obey and comply with the Garnishee Order Absolute, granted on the 8th of March 2022 in Suit No: FHC/L/CS/149/2019 Between AbdulAziz M.H Nyako Vs Economic and Financial Crimes Commission (EFCC) & Ors, upon the disclosure of sufficient funds belonging to the Judgment debtors domiciled with them and in the absence of any pending positive order from this Honourable Court or Court of Appeal granting a stay of execution of the garnishee order absolute.“An order of the Court convicting and committing the 1st Contemnor herein First Bank Of Nigeria Limited for willfully and deliberately disobeying the Order of this Honourable Court made on the 8th of March 2022.

An order of the Court convicting and committing the 2nd Contemnor herein Ibukun A. Awosika to the Nigerian Correctional Services, Ikoyi for willfully and deliberately disobeying, the Order of this Honourable Court made on the 8th of March 2022“An order of the Court convicting and committing the 3rd contemnor herein Adesola K. Adeduntan to the Nigerian Correctional Services, Ikoyi service/ prison for willfully and deliberately disobeying the Order of this Honourable Court made on the 8th of March 2022

An order of the Court convicting and committing the 4th Contemnor herein Francis O. Shobo to the Nigerian Correctional Services, Ikoyi service/prison for willfully and deliberately disobeying the Order of this Honourable Court made on the 8th of March 2022“An order of the Court that all the contemnors shall remain committed and incarcerated in the Nigerian Correctional Services, Ikoyi Service/Prison Custody until they purge themselves of contempt of court.”

(C) newsrainng

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Gov AbdulRazaq Announces Minor Cabinet Reshuffle




Kwara State Governor AbdulRahman AbdulRazaq has effected a minor cabinet reshuffle involving four commissioners.

Those affected are the Commissioner for Social Development Hon. Afolashade Justina, who moves to Women Affairs; and the Commissioner for Women Affairs Hon. Bosede Olaitan Buraimoh who switches to Social Development.

Hon. Commissioner for Youth Development Nafisat Buge moves to the Ministry of Environment, whose Commissioner Hon. Shehu Ndanusa Usman moves to the Ministry of Youth Development.

The cabinet reshuffle takes immediate effect.

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Kwara Gov excited as Nigerian Army launches CBT Centre in Igbaja




  • Gov hails Army’s support for internal security, seeks respect for security agencies
  • Army Chief lauds Gov’s support in Kwara, North Central • Gov attends Igbaja Day, now Taiyese of Irese Land

Kwara State Governor AbdulRahman AbdulRazaq on Thursday advocated more appreciation for the sacrifices of the security agencies, including the Nigerian Army.

He said the military has played important roles to support civilian authorities at all times, including at a time when the country was under intense pressure from hostile non-state actors.

The Governor spoke in Igbaja, Ifelodun LG of the state, at the commissioning of a Computer Based Testing (CBT) center, a special intervention project of the Chief of Army Staff (CoAS), Lieutenant General T. A. Lagbaja.

The project was executed by Major General Adelokun Eyitayo, a serving military officer and native of Igbaja Land, who also launched his three books, titled: ‘Life of Prince Daud and Spirituality; Tears for Suni and Titi; and The Boy on the Highland’.

“This Computer Centre means a lot for the socioeconomic growth of this community. Not only does it nudge members of the community towards acquisition of necessary skills for this age; it opens up new frontiers of socioeconomic benefits for Igbaja and communities around it,” the Governor said.

“I am also fascinated by the spirit behind this project. It is timely and necessary. The need for better military-civil relations cannot be over-emphasized. Recent developments in our country again suggest a need to deepen citizens’ appreciation of the sacrifices that our security forces make to keep us safe, stabilise the fabric of our society, and ward off every threat against the Nigerian state.

“Over the last two decades, the military has played very important roles to support civilian authorities at all times, including at a time when our country came under intense pressure from hostile non-state actors.”

AbdulRazaq commended the Federal Government and the Chief of Army Staff for establishing the CBT centre that he said will aid skill acquisition and boost socioeconomic growth of the area.

“We therefore cannot thank the federal government and our military enough. We must appreciate and honour members of our security forces, including military personnel deployed in internal operations and during emergencies, and cease all attacks on them,” he added.

The commissioning attracted various dignitaries, including the CoAS Lieutenant General T. A. Lagbaja, who was represented by Maj Gen Obinna Onubogu; the Elese of Igbajaland Oba Ahmed Awuni Arepo III; and Igbaja CBT Project Executor Major General Adelokun Eyitayo; among others.

Lagbaja, for his part, said the execution of the project further affirms the transformational drive of the Nigerian Army towards achieving its constitutional responsibility through a non-kinetic line of operations.

The Army Chief thanked Governor AbdulRazaq and the people of the state for their continued support for the operations of the Nigerian Army.

“The Nigerian Army has received tremendous support from your government. It is also gladdening to note that we have enjoyed cordial working relationships with you over the years, and your support has contributed immensely to our operational success within the state and the entire North Central region,” he said.

Maj Gen. Eyitayo thanked CoAS for the approval of the project and his unwavering support for its delivery.

He also appreciated the Governor for directing the purchase and supply of his three books for the use of students of public secondary schools in the state.

The Governor, meanwhile, attended the 2024 Igbaja Day celebration, where he urged the people of Igbaja to continue to recognise the rich cultural heritage and diversity that makes the community to be unique.

He congratulated the Elese of Igbaja, the Jagunmolu of Igbaja and founder of Al-hikmah University Chief Oladimeji Igbaja, and all sons and daughters of Igbaja community on the celebration, requesting them to continue to unite for accelerated growth.

“Let us embrace and celebrate our diversity, and continue to build bridges of understanding and empathy,” the Governor said.

“As you are aware, our administration has embarked on various projects that touched the lives of everyone across the state, including Igbajaland. We will continue to do more to improve the lives of our people.”

Chief Oladimeji, who was excited by the Governor’s culture of arriving early for events, praised AbdulRazaq for time management, and how the administration has executed many laudable programmes and projects in the town and elsewhere.

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Africa needs to be competitive, says Chike-Obi, Fidelity Bank’s Chairman




Africa needs to be competitive and efficient in its area of strength, according to Mustafa Chike-Obi, the Chairman of Fidelity Bank, who spoke with CNBC Africa’s Kenneth Igbomor on the sidelines of the AFREXIMBANK Annual meetings in Nassau, the Bahamas.

Chike-Obi emphasized the importance of focused and sharp leadership in harnessing the continent’s strengths to achieve prosperity. He highlighted the need for Africa to identify areas of competitive advantage in producing goods and services efficiently to unlock its full potential.

He pointed out that success stories in areas like sports demonstrate Africa’s potential when leveraging advantages. However, he stressed the crucial role of collaboration and seamless interaction among African nations and regions for sustainable development.

The chairman urged for enhanced integration to facilitate the movement of goods and services across the continent, emphasizing the necessity to work collectively towards common goals.

Chike-Obi also addressed the importance of prioritizing Africa’s strengths, such as power supply, through cohesive policies and agreements to drive economic growth. He emphasized the need for coordinated banking policies to promote financial integration within Africa and with external partners, emphasizing the significance of streamlined banking services and transactions.

The Chairman highlighted the African Continental Free Trade Area (AfCFTA) as a significant opportunity for economic advancement but called for more practical implementation to ensure its effectiveness. He underscored the importance of execution in translating policies into tangible outcomes for the African people.

Reflecting on the annual meetings and the discussions on trade and investment, Chike-Obi reiterated the critical importance of collaboration for Africa’s progress, emphasizing that unity and concerted efforts are essential for realizing the continent’s potential.

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