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Evame Multi-National Company Files Winding Up Petition Against Gravity Bureau De Change Over N1.38 Billion Debt

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In a bid to recover a debt ofN1,380,000,000 Motorcycle dealer company EVAME MULTI-NATIONAL COMPANY, has filed a winding up petition against a bureau de change operator GRAVITY BUREAU DE CHANGE LIMITED COMPANY 

 In an affidavit  in support of the petition sworn to buy the  Manager of    EVAME MULTI-NATIONAL COMPANY  Godwin Joshua and filed before the court by a Lagos Attorney Fayemi Bolarinwa Joshua, the deponent alleged thus-

On May 6, 2021, the Petitioner EVAME MULTI-NATIONAL COMPANY entered into an agreement with the Respondent to exchange the sum of N1,660,000,000.00, which was paid to the Respondent’s Bank account of which only N280,000,000.00 (Two Hundred and Eighty Million Naira) has been repaid. 

 The Respondent is indebted to the Petitioner in the sum of N1,380,000,000.00 (One Billion, Three Hundred and Eighty Million Naira), which remains outstanding.  

  The sum  of N1,660,000,000.00 was guaranteed by the personal guarantees of ABDULSALAM SALEH ABDULKARIM, the current person with significant control of the Company, and DAUDA BUHARI ADAMU, the first Director of the company

The Petitioner has made application to the Respondent on 15th October 2024, through its solicitors in a letter informing them of the outstanding debt and expressing dissatisfaction with the Respondent’s failure to repay the amount. 

    Despite the above communication, the Respondent continued to fail in settling the balance, prompting the Petitioner to send additional letters demanding for immediate repayment. 

      At no time has the Respondent denied its indebtedness to the 

Petitioner,but the Respondent has failed and neglected to liquidate the indebted sums. 

   In the interest of justice  the petitioner urge the court to  wind up the respondent and the proceeds thereof be used to liquidate the indebted sum of the Respondent with interest.

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FG reforms NYSC, replaces military leadership, redesigns uniform

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The Federal Executive Council has approved a comprehensive overhaul of the National Youth Service Corps, marking the first major restructuring of the scheme since it was established 53 years ago.The reforms, approved at the FEC meeting in Abuja on Monday, are aimed at repositioning the NYSC into a skills-focused, productivity-driven institution aligned with the Federal Government’s economic agenda.A key aspect of the reform is a change in the leadership structure of the scheme, with the NYSC set to be headed by a civilian, while the military will continue to provide security for corps members nationwide.The council also directed the Attorney-General of the Federation and the Federal Ministry of Youth Development to amend the NYSC Act and relevant regulations to provide legal backing for the approved changes and enable their implementation.

Announcing the approval on X, the Minister of Youth Development, Ayodele Olawande, described the reforms as the first holistic review of the scheme in its 53-year history.He said, “We are transforming the Scheme into a platform that not only unites Nigeria but also equips our young people with the skills, experience and opportunities they need to thrive in a fast-changing world.”

Olawande said the approved reforms would reposition the scheme as “a skills-driven, productivity-focused and youth-empowering institution that aligns with President Bola Tinubu’s vision of building a $1 trillion economy.”

According to him, the reforms include “a technology-driven call-up process, risk-sensitive deployment to better protect corps members, a redesigned six-week orientation programme with stronger focus on leadership, entrepreneurship, digital skills and specialised career streams, skills-based primary assignments aligned with academic background and career pathways, modern governance with civilian operational leadership while the military continues to provide security support, improved camp standards through a national grading and certification system, and a new graduation ceremony to replace the Passing Out Parade, alongside a redesigned NYSC uniform that reflects professionalism and national pride.”Olawande said the reform process began in 2025 through a broad-based review involving the Federal Ministry of Youth Development, the Federal Ministry of Education and the Office of the Special Adviser to the President on Policy and Coordination before receiving FEC approval.He added, “This is more than a reform of an institution. It is an investment in Nigeria’s greatest asset, our young people. The future of the NYSC begins now, and it is brighter, more relevant and more impactful than ever.”Established in 1973 following the Nigerian Civil War, the NYSC was created to promote national unity by deploying graduates to states outside their regions of origin for one year of compulsory national service.The latest reforms represent the first comprehensive review of the scheme since its creation, with the Federal Government saying the changes are designed to make the institution more relevant to Nigeria’s contemporary economic and youth development needs.

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PRESIDENT SWEARS IN NEW COMMISSIONERS FOR RMAFC, NPC

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President Bola Tinubu has sworn in new Commissioners for the National Population Commission (NPC) and the Revenue Mobilization Allocation and Fiscal Commission (RMAFC).The ceremony took place before the commencement of the Federal Executive Council meeting, this Monday. Former chairman, National Hajj Commission, Abdullahi Mukhtar Mohammed from Kaduna state and Amina Gamawa representing Bauchi took oath of office as federal commissioners for the revenue commission. Six new Commissioners were inaugurated for the population commissioner. They are Kolawole Oladipupo Alabi – Ekiti State, Nasiru Mu’azu – Zamfara State, Isaka Alada Yahaya – Kwara State, Prof. Sadiq Isah Radda – Katsina State, Suleiman Umar – Jigawa State and Chiso Abdullahi Dattijo from Sokoto State.

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Governor Dauda Lawal Chairs Security Council Meeting, Vows Unprecedented Support for Frontline Troops

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Governor Dauda Lawal of Zamfara State has reaffirmed his administration’s unwavering resolve to back security forces in the ongoing campaign against insurgency, banditry and other violent crimes plaguing the state.Presiding over the weekly State Security Council meeting on Thursday, June 25, at the Government House in Gusau, the governor convened the state’s top security brass for a high-level strategic session aimed at recalibrating the state’s counter-insurgency approach.In a terse but firm statement, Governor Lawal disclosed that deliberations centered on reinforcing troop deployments in high-risk zones, fast-tracking intelligence-sharing mechanisms and overhauling rapid-response protocols to better safeguard civilian populations.”I want to make it clear to every service commander in this room; the welfare and operational readiness of our troops remain non-negotiable. My administration stands ready to authorize every required resource logistical, material and otherwise to ensure they operate at full capacity,” Lawal declared.The governor underscored that his foremost priority remains the restoration of lasting peace across Zamfara and he assured security chiefs of his open-door policy, urging them to channel operational needs directly to his office without bureaucratic bottlenecks.With the meeting concluding, sources indicate that concrete action plans are being finalized to boost joint task force patrols and community intelligence networks, signaling a renewed offensive push in the coming weeks.

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