High Street

A crook and contempt are friends. The shady character excites the scornful tribute of   a sneer every time the discussion segues to him. More often than not, the crooked man despoils and looms in the public’s consciousness, like a troll from a medieval horror. Consider the case of Dafe Sejebor, the former Group General Manager (GGM) of the National Petroleum Investment Management Services (NAPIMS) for instance, due to his perceived crookedness,   he has been arrested alongside 46 others in a sex trafficking sting in the U.S. The sting conducted by multiple law enforcement agencies, including the Katy Police Department, resulted in the arrests of 47 people on human trafficking charges, officials announced in a Wednesday morning news conference. Houston Police Sgt. John Wall said the sting operation ran from March 19-29 in the Katy area and Fort Bend County. Wall said of the 47 arrests, 27   were female and 20 were male. Eight were charged with human trafficking-r...

  The jury is still out on why an institution like the First Bank PLC of Nigeria would condescend to forge signatures, lie about a non-existent relationship with a lawyer, and, consequently, bring its decades of hard-earned reputation into self-inflicted disrepute. As the story goes, the banking behemoth had claimed that it hired one Godwin Imakhai, a legal practitioner and notary public, to perfect a tripartite mortgage agreement between it, Dr Francis Nwufor and his wife, Doris (owners of Whiteplains British School, Abuja), and Mrs Frances Ibe and Mr Emeka Ibe (directors of France Lee Nigeria Ltd, the former owner of the school’s land). The controversial agreement, according to First Bank PLC, was made at its Shippers House offices, Lagos, on January 27th, 2014. Under the purported mortgage agreement, the bank could, at a short notice, acquire and take over the school’s property – comprising six buildings with four floors each estimated to worth N6 billion – at Plot 52...

The Managing Director of Guaranty Trust Bank Segun Agbaje, Its Chairman Mrs Osaretin Demuren and the Company Secretary Erhi Obebeduo are set to physically appear before the Federal High Court Awka to show cause why they should not be committed for contempt and sent to prison for their willful, deliberate, wanton and unlawful violation of the subsisting Orders of the Supreme Court, Court of Appeal and the Federal High Court, Awka division and or for interfering with or obstructing due administration of Justice as epitomized by acts of hooliganism, thuggery, extreme lawlessness and condemnable impunity exhibited by them on the 29th and 30th of March, 2019 and on the 1st of April 2019. The relief is contained in an application filed before the court by Counsel to Innoson Nigeria Ltd, Prof McCarthy Mbadugha ESQ against Guaranty Trust Bank on its acts of thuggery, extreme hooliganism and outright lawlessness in breaking into all the properties of GTB which have been distressed and se...

The business empire of Jite Okoloko, one of the alleged strong allies of former Delta State governor, James Ibori, and a big beneficiary of the nation’s economic patrimony under the sixteen years of the Peoples Democratic Party’s administration that ended in 2015, appears to be heading for difficult times, if the unsavoury news filtering out of Eroton, Midwestern Oil and Gas as well as Notore Chemicals, the three diamonds of the empire, is anything to go by. Sources disclosed that Notore Chemicals has been battling with operational challenges in the aftermath of its largely undersubscribed attempt to raise fresh working capital from the Stock Exchange last year. The firm, sources said, has had to review its ambitious expansion and diversification plans it hoped to fund with the expected fresh capital injection that did not materialize. It is also said to be battling with huge cash calls occasioned by its liabilities while several contract and junior non-contract staff are said...

SPICE ROUTE is the talk of town new entrant into hospitality business and it is positioned to take fun and entertainment experience to the next level, where the A-lists, celebrities, entertainers, crème-dela-crème in our society and tourists from abroad can visit to unwind and relax with maximum security. The newly opened lounge/club is beautifully located on 36, Adeola Odeku, Victoria-Island, Lagos. It is apparent that SPICE ROUTE has been fortified with the best of latest facilities and exotic drinks that can be found in any top rated lounges around the world. And, the industry watchers regarded it to be one of the leading, reputable and outstanding lounges and clubs that many with eyes for class and comfort can patronized for maximum enjoyment in the state of art masterpiece. Also, the new fun spot is coming with a big difference this Friday, April 19, 2019 with Get Loose, Get Funky gig with DJ Exclusive and Skibii alongside DJ Dotwine and DJ Tantricks that will serve as a r...

Conceived on the idea of an awareness outreach combining dance, a popular pastime with a necessary component of good living, the 2019 edition of the Lagos Food Bank Dancethon Campaign for Nutrition will take place on Saturday April 27 at police College ground, Ikeja ,Lagos The Dancethon, aims to raise awareness on the importance of nutrition and exercise to health and well being. It will beam a needed searchlight on the interdependent relationship between healthy eating and healthy living. Aside giving the general public a fun means to dance away excess body fats and gain a new appreciation for the benefits of aerobics, it is also a chance for volunteers of community outreaches to stretch their legs. Often too busy making a difference in the community to pay much heed to their own physical shape, the ocassion will help them recharge and learn how to keep their bodies in the best possible shape for the tasks to come. The event is a platform to share knowledge about fitness and...

In the first quarter ended 31 March 2019, Zenith Bank Group recorded improved numbers across key metrics, driven by a solid performance in all business segments an unedited Q1 results released by the bank revealed. This solid performance resulted in a Profit before Tax (PBT) of ₦57 billion, representing a 6% growth over the ₦54 billion achieved in the corresponding period in 2018 according to information available. The Group’s on-going commitment to cost optimisation on the income statement and statement of financial position ensured earnings per share increased by 7% to ₦1.60 compared to Q1 2018 further details revealed. The growth in net interest income and operating income by 23% and 1% respectively mitigated the decline in gross earnings. The effective management of cost-to-income ratio, cost of funds and cost of risk offset top-line declines to deliver an enhanced operating income in the period the unaudited results showed. More information revealed that the risk and as...