News
Granite and Marble drags Zenith Bank to Court Over Alleged Economic Infractions
An Abuja based mining company, Granite and Marble Ltd, (GML) has dragged Zenith Bank Plc, Zenith Bank UK, First Investment Development Company (FIDC) and Prudential Mortgage Bank (PMB) before a federal high court in Abuja over alleged forgery, illegal conversion of equity, illegal operations of bank account, economic sabotage and threat to life.
The mining firm is claiming a sum of N635billion as specific and general damages for the alleged infractions committed against it by the four banks and others.
Apart from the banks, others listed as defendants in the suit marked: FHC/ABJ/CS/1455/2021 are the Managing Director of Zenith Bank, Ebenezer Onyeagwu; the Managing Director of FIDC, Adebisi Adebutu; the Managing Director of PMB, Eyo Asuquo; the Deputy Managing Director Zenith Bank, Mrs Adaora Omeoji; Yewande Esan and others.
In the writ of summons filed on behalf of GML and others by Messrs Sebastine Hon (SAN), Anthony Malik (SAN) and Paul Harris Ogbole (SAN), the plaintiffs are claiming the N635 billion as specific and general damages for the series of infractions committed by the defendants against them.
In the particulars of the suit, Zenith Bank is accused of diverting the sum of N1billion approved for GML by the Central Bank of Nigeria CBN and routed through Zenith Bank.
The plaintiffs also claimed that Zenith Bank and its officers allegedly connived with Adebutu, Asuquo, FIDC and PMB to illegally change signatories to GML accounts without the authorization of the actual signatory to the accounts.
FIDC and PMB are alleged to have forcefully taken over the operations of the quarry site of GML despite not paying for the shares of the company they had proposed to buy.
GML also claimed that Zenith Bank held unto its verified assets for four years as collateral without disbursing the N1billion Real Sector Support Funds (RSSF) approved for it by the CBN.
In the suit which is accompanied by a 126 point statement of claim, GML and its Directors highlighted their ordeal in the hands of the institutions and individuals, which they claimed resulted in massive revenue losses, arrest of members of their families, denial of access to their business premises and transferring their accounts to persons not properly and legally authorized to do so.
GML further claimed that sometime in 2016, it’s Managing Director was on President Muhammadu Buhari’s delegation, as a representative of the mining sector, on the President’s first trade visit in China.
It added that while on the trip, the President signed an agreement with SBM China Ltd, one of the world’s largest manufacturers of mining equipment, to establish the biggest mining processing plant in Africa to be located in Abuja.
According to the company, it was on the strength of the agreement that they approached and got approval for a N1billion facility from the Real Sector Support Fund (RSSF) operated by the Central Bank of Nigeria.
The plaintiffs claimed that not only did Zenith Bank refuse to release the funds which were GML’s counterpart commitment, it frustratingly held on to the company’s assets and wrote several approval and offer letters without disbursements.
At a point, Zenith Bank was said to have claimed, in a letter, that the funds will be disbursed by their UK subsidiary, Zenith UK Ltd.
The refusal by Zenith to release the funds was said to have jeopardized the agreement signed in China to reduce cost of construction.
The plaintiffs stated that Messrs Eyo Asuquo, FIDC and PMB approached GML to purchase shares in the company (GML) valued at an agreed combined sum of N700million.
Despite not paying for the shares, the plaintiffs alleged that they illegally tampered with the company’s documents at the Corporate Affairs Commission (CAC) and introduced names of themselves and substituted the names of other directors and the Company Secretary based on forged board resolutions.
The plaintiffs averred that with the altered documents, they connived with Zenith Bank to change the signatory to the account.
Adebutu and his team were also alleged to have forcefully taken over the sites of the company and conspired with Zenith Bank to draw down from the RSSF facility using the instrumentality of a forged deed of debenture.
They also claimed that while the quarry site was taken over by the purported new owners, illegal trade in unlicensed explosives were carried out thereby endangering residents of the neighbourhood.
The plaintiffs further averred that evidence of illegal trade in explosives by the defendants are before the Economic and Financial Crimes Commission (EFCC).
For the trauma experienced by the families, the cancelation of the contract occassioned by the activities of Zenith bank and the massive loss of revenues occasioned by the illegal take over of the company, the plaintifs are making a claim of N635billion or $1.2billion from the defendants.
Meanwhile, Justice Inyang Eden Ekwo of thE Federal High Court, Abuja on January 21, 2022 granted the plaintiffs’ request for substituted service of court documents on Zenith Bank, UK through DHL, a courier firm.
The judge granted the substituted service order while ruling on an ex-parte application filed and argued by lead counsel to the plaintiffs, Chief Sebastine Hon SAN.
Justice Ekwo consequently fixed March 8, 2022 for the hearing of the suit.
News
There’s Political Genocide Against Christians in Northern Nigeria – Aisha Yesufu

By: Fabian Apechihin
Sociopolitical activist Aisha Yesufu has accused Nigerian political leaders of perpetuating what she described as a “political genocide” against Christians in Northern Nigeria.
Yesufu made the remark on Tuesday in response to American comedian and TV host Bill Maher, who recently alleged that Nigerian Christians are facing coordinated attacks.
Maher, speaking on his HBO show, said, “I’m not a Christian, but they are systematically killing Christians in Nigeria. They’ve killed over 100,000 since 2009 and burned 18,000 churches. These are the Islamists, Boko Haram.”
Reacting via her X handle, Yesufu criticized what she called hypocrisy among Nigerian politicians who express concern over Christian persecution yet supported the Muslim-Muslim presidential ticket during the 2023 elections.
“You are shouting that Northern Christians are being persecuted, but you championed a Muslim-Muslim ticket! Their Christianity was not Christian enough for you during the 2023 election,” she wrote.
She concluded by calling for greater attention to what she termed the “political genocide” against Northern Christians, urging consistency in both words and actions when addressing religious and political marginalization in Nigeria.
News
Jagunmolu to Kwarans: Don’t lose hope in govt on security challenges

Stephen Olufemi Oni, Ilorin
The Jagunmolu and Asiwaju of Igbomina, Alhaji Chief (Dr) Abdur-Raheem Oladimeji, has expressed optimism that the rising insecurity in parts of Kwara State would not overwhelm the state.
He identified the incidences of banditry and kidnapping for ransom as a passing phase, which was designed by unscrupulous elements to destabilise Kwara.
Oladimeji, who is the Founder, Al-Hikmah University, Ilorin and Baba Oba of Offa Kingdom, said this in a statement issued in Ilorin on Monday in response to the recent security breaches in some communities in Kwara North and Kwara South.
He urged the residents of affected communities, and Kwarans at large, not to lose hope in the ability of the government and security agencies to tame the roughnecks and restore peace to their communities.
The Arogundade of Lagos described the terror campaign as an unconventional warfare that requires tactics and wisdom on the part of the military to tackle, pointing out that the attackers often cowardly withdraw to their shells after visiting attacks on their victims.
He cautioned those who are out to profit from the ruins of the affected communities by making mockery of the situation with reckless comments to stop forthwith.
Oladimeji also warned against scaremongering being created over the security challenge, urging vigilance and making useful information available to security agencies on any strange movements in their communities.
“Let us be wary of scaremongers, who have made it their daily habit to create imaginary fear as a result of which people are thrown into panic mode. That there is security breach has not been denied. However, we need to be careful and circumspect on the information unauthorized individuals circulate on the issue of insecurity,” the varsity founder noted.
Jagunmolu, who doubles as President-General, AROIF, appealed for calm, unity, security consciousness, while commending the government for its proactive intervention to rout out the unscrupulous element.
He praised the gallantry of military personnel and other security operatives, calling for words of encouragement among the people to boost the morale of the armed personnel.
Oladimeji sympathised with the families of those who lost their loved ones in the recent tragedy and called for additional deployment of security personnel to troubled areas for quick restoration of permanent peace.
“We need to pray for peace and justice to return to Igbomina land, Kwara and the entire country so that we can overcome our moment of trial and tribulation. Our people should take it as a matter of duty to report strange movements to the security agencies and constituted authorities,” Jagunmolu added.
END.
News
Northern Christians Urge Tinubu to Resettle Displaced Persons in Benue, Plateau, Borno

By: Fabian Apechihin
Northern Christian leaders have appealed to President Bola Ahmed Tinubu to urgently resettle displaced persons in Benue, Plateau, and Borno States, many of whom have remained in camps within and outside Nigeria years after violent attacks forced them from their ancestral homes.
The appeal was made in Jos, Plateau State, during a meeting with the President, which clerics described as a renewed opportunity to highlight the plight of displaced communities in Northern Nigeria. The leaders were in Jos to attend the funeral of Mama Lydia Yilwata, mother of Prof. Nentawe Yilwata, National Chairman of the All Progressives Congress (APC).
Speaking on behalf of the delegation, Rev. Dr Amos M. Mohzo, President of the Church of Christ in Nations (COCIN) and Chairman of the Heads of Denominational Leaders on the Plateau, lamented that more than 200,000 people from Gwoza in Borno State still remain in refugee camps in Cameroon and Chad.
“We humbly appeal to you, Mr President, to help bring them back home. In the same vein, we are calling for a lifeline for displaced communities in Plateau and Benue States. Rebuilding their livelihoods and housing will reposition them for meaningful life and productivity,” Mohzo said.
He commended the President’s efforts to strengthen national security and support for state police, stressing that resettling displaced families was critical for peace and stability in the North. Mohzo also thanked Tinubu for key appointments of Northern Christians—including Senator George Akume as Secretary to the Government of the Federation, General Christopher Musa as Chief of Defence Staff, and Prof. Nentawe Yilwata as APC National Chairman—and urged broader inclusion of Christians in governance.
Similarly, Rev. Joseph John Hayab, Chairman of the Christian Association of Nigeria (CAN) in Northern Nigeria, reinforced the call, urging Tinubu to establish a Special Presidential Reconstruction Initiative to rebuild homes, restore livelihoods, and provide social infrastructure for displaced families.
“Our people cannot continue to live in camps when their ancestral homes have been taken over. We are appealing to Mr President to act with urgency so that these Nigerians can return home and live meaningful lives again,” Hayab said.
The clerics pledged continued commitment to peace and national unity, assuring the President of their support for policies that promote justice, inclusivity, and human dignity. They also extended condolences to Prof. Yilwata, the Ngas nation, and the people of Plateau State over the loss of Mama Lydia Yilwata.
-
Uncategorized5 years ago
FG, states urged to harness flooding for ranching, others with technology – Agbaje
-
Headlines10 years ago
Breaking: EFCC seals Borno House of Assembly, as Hon members take to their heels
-
News11 years ago
Nigeria Security Operatives Stage Manhunt For Homosexual Perpetrator
-
News9 years ago
How 21-year-old Girl fled community over accusation of lesbianism
-
News10 years ago
Yobe Gov Moves Against Deputy
-
Opinion6 years ago
7 signs she has friend zoned you
-
Technology4 years ago
Online job placement company headhunts women
-
Headlines9 years ago
Borno Dep Gov Abducts Another Church Leader