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Zenith Bank: Justice Olubunmi Abike-Fadipe Releases Certified True Copy (CTC) of her Judgment, Call Out Fake and Junk Journalist

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Contrary to the widely reported fake news by some faceless online news platform that Justice Olubunmi Abike-Fadipe of the Ikeja Special Offences Court in his recent judgement allegedly accused foremost financial management in Nigeria, Zenith Bank of fraud and bribery, the astute judge who is bitter with such report have released the original certified True Copy. 

 

In the original certified True Copy, it was confirmed that the respectable Justice never said something of such while delivering her judgement.

 

According to Justice Olubunmi Abike-Fadipe, all what the online media platforms said she delivered, were all fake and wondered how and where they got their own reports.

 

The certified True Copy (CTC) of the judgment is now in the open for anyone to see.

 

These online platforms had reported that the Justice accused Zenith Bank Plc of bribing both the judges and lawyers for 11 years to pervert justice, with several online media outlets alleging that Justice Olubunmi Abike-Fadipe made the claim on Tuesday, March 8, 2022 while delivering judgment in a suit marked LD/ADR/186/2014 between Real Integrated and Hospitality Limited as claimant and Zenith Bank Plc and State Universal Basic Education (SUBEB) as first and second defendants respectively.

 

One such publication quotes the judge as saying “My recommendation is that Zenith Bank is a fraud and people must be very careful in their dealings with the bank.”

 

Some of the other quotes read: “Zenith Bank bribed the lawyers in the matter.

 

“This they have done for 11 years. So many lawyers and judges have been bribed in this matter just perverting justice. What is more embarrassing, the current governor of Central Bank of Nigeria, Godwin Emefiele was the one who came to navigate and begged for the deposit. He has not been able to do anything to Zenith Bank because he was the managing director of the bank at the time of this transaction.”

 

However, nowhere in the Certified True Copy (CTC) of the judgment that was made available to credible news platforms showed that the Judge did not make such statements.

 

While the Judge did make a scathing criticism of the bank, Justice Fadipe did not accuse Zenith bank of bribing judges and lawyers for 11 years to fraudulently alter the course of justice, as claimed by the online mediums.

 

There was also no mention of the Central Bank of Nigeria, Godwin Emefiele in the CTC of the judgment.

 

The judge’s comments, as contained in the judgement, include: “The 1st defendant has been the beneficiary of the malevolent game of chess it plunged both claimant and the 2nd defendant into, holding the sum of N872,780,552.84 in its custody without paying interest thereon from 17th February 2011 until 2nd February 2016 when the Court ordered that the money be paid into an interest yielding account in the names of the claimant and the 2nd defendant pending determination of the suit, which order was curiously varied by the consent of all the parties on 20th September 2016 so that the money remained in the 1st defendant’s custody without interest.

 

“The act of the 1st defendant was unconscionable and detrimental to the goodwill of the claimant and its trade credit with its customers. It was a deliberate and malicious act against the interest of the claimant and the 1st defendant continues to enjoy the largesse in bad faith. Exhibits C4 and C5 clearly state that the funds to be transferred were to offset part of the claimant’s indebtedness for the importation of dictionaries, but the 1st defendant was impervious to this need. I therefore find and hold that the claimant is entitled to substantial damages against the 1st defendant for the injury caused to it.”

 

The judge made the comments while granting the claimants four reliefs.

 

The reliefs are that the 1st defendant (Zenith) was in breach of contract when on 7th October, 2011 it refused the claimant to draw from its account No. 1012465427 “despite the fact that the said account was in enough credit to cover the withdrawals sought to be made on the said date.”

 

The judge further restrained the bank “from disturbing or refusing the claimant from operating its account No. 1012465427 in the 1st defendant’s bank or from honouring the claimant’s transfer or payment obligations to third parties from the said account as long as same is in credit.”

 

It granted an “interest of 15% per annum on the sum of N872,780,552.84 from 7th October 2011 when the 1st defendant denied the claimant access to the funds in its account which was in credit at that date till judgment.

 

“Interest on the judgment sum at the rate of 10% per annum from judgment date till final liquidation thereof.

 

“Costs of this action in the sum of N2.5million.”

 

Of a truth, Zenith Bank has had a record of open and transparent operations, this earned the organization four SERAS CSR Africa Awards that include “Best Company in Reporting and Transparency”, “Best Company in Infrastructure Development”, “Best Company in Gender Equality and Women Empowerment”, and the coveted “Most Responsible Organisation in Africa”.

 

In recognition of its track record of excellent performance, Zenith Bank was voted as Best Commercial Bank in Nigeria in the World Finance Banking Awards 2021, Best Bank in Nigeria in the Global Finance World’s Best Banks Awards 2020 and 2021, Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards 2020, and Best in Corporate Governance ‘Financial Services’ Africa 2020 and 2021 by the Ethical Boardroom. Also, the bank emerged as the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands 2020 and 2021, Number One Bank in Nigeria by Tier-1 Capital in the “2021 Top 1000 World Banks” Ranking by The Banker Magazine and the Retail Bank of the year at the BusinessDay Banks and Other Financial Institutions (BOFI) Awards 2020 and 2021.

 

Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offerings, unique customer experience and sound financial indices. The bank remains a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.

 

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Oraimo Mobile Technologies Build Africa’s Largest Mobile Technology Factory in Nigeria

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The laudable Economic strides of the Administration of His Excellency, President Muhammadu Buhari, GCFR gained momentum at the Grand Opening of the flagship showroom of Oraimo Mobile Technologies Experience Centre called THE GREEN WORLD at Jabi Lake Mall, Abuja on Sunday, 15th of May, 2022.

Oraimo Mobile Technologies is the leading manufacturer of High Tech Smart Phones Accessories in Africa, and the company has conspicuously dominated the Nigerian market regarded as the largest in Africa. While welcoming various dignitaries who graced the occasion, the Managing Director of Oraimo Mobile Technologies, Mr. Chidi Okonkwo, emphasized the commitment of the company to first rate products that are not just durable but affordable for all Nigerians. He emphasized that Nigeria has come of age with a teeming population of Tech savvy young professionals and educated youth dominated population that can accommodate the siting of the largest Mobile Technologies Production factory in Africa.

Among the dignitaries that attended the occasion are Mr. Emeka Offor, Acting Executive Secretary of the Nigerian Investment Promotion Commission (NIPC); the team of the Corp Marshal of the Federal Roads Safety Corps, Dr. Boboye Oyeyemi; Nigeria Foreign Investors Forum led by Mr. Coker Yu-Du as well as friends and partners of Mr. Olusegun Adebayo who is the Promoter of the Flagship Showroom.

While responding, the Acting Executive Secretary of NIPC, Mr. Emeka Offor, commended the laudable contribution of Oraimo Mobile Technologies to Nigeria’s Economic Growth and Human Capital Development through direct foreign investments which has led to massive job creation. He further affirmed the commitment of the Federal Government of Nigeria to sustained reviews and implementation of sound Corporate and Financial Acts that will keep Nigeria as the Investment Hub of Choice in Africa.

Furthermore, he stated that the Administration of His Excellency, President Mohammadu Buhari, GCFR has provided the enabling environment for Investors around the world to thrive in Nigeria, and by implications, the NIPC is ready to support Oraimo Mobile Technologies to site their Production Factories in Nigeria and take advantage of the windows of opportunity that abound as incentives from NIPC. While boasting about the readiness of Nigeria to host oraimo factory, he said, “it is high time we stopped the importation of commodities into Nigeria. The time has come for production to be predominant in Nigeria, and from here, we will export to other African nations and the entire world. This is the aspiration of President Mohammadu Buhari, GCFR and we will give it every support required.

It was an amazement that the entrance of the showroom was completely blocked by hundreds of Loyalty Customers who thronged to Jabi Lake Mall, Abuja to await the opening of the Flagship Showroom. The crowd were entertained by Performances from the sensational Pheelz who thrilled everyone with the hit-song Finesse as well as the Prodigy Saxophonist, Temilayo Abodunrin, a talented teenager who showcased mastery as she played several songs with precise rendition. Several gifts such as Power Banks, Air Pods, Wireless Speakers, Smart Watches, Phone Chargers and a long list of items were given away to customers who indeed had a memorable experience.

 

 

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NTT Global Destinations: Opening new Frontiers for Tourism and Business development between Nigeria and The Maldives

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The Federal Republic of Nigeria and The Maldives are poised to commence a new era of tourism and business development in the coming months. This follows a recent Familiarization Tour of The Maldives by Ms. Elizabeth Agboola, the CEO/Founder of NTT Global Destinations and a team of legal, trade and cultural promotion specialists. The Tour was conducted from 29th March to 3rd April 2022 in association with International Maldives Travel Market (IMTM) and provided important insights into the prospects for tourism and trade between Nigeria and the Maldives.

Although Nigerians have been visiting The Maldives for decades, there is still much to be discovered in relation to this pearl of the Indian Ocean, that is ranked among the top tourism destinations in the world. Ms. Agboola has declared that, ‘’Every Nigerian should have a chance to experience the Maldivian dream and NTT Global Destinations is ready to take them there”.

The Maldives has been dubbed COVID-19 pandemic winners having copped the World’s Leading Destination Award in 2020 and 2021.

The Familiarization Tour provided an opportunity for the NTT team to visit guest houses in the capital Male as well as in other islands including Maafushi, Hudhuranfushi, Olhuveli and Maamigilli. In each location the team was able to sample the delightful cuisine as well as the variety of attractions and accommodation facilities ranging from high end luxury hotels to guest houses on both local islands and resort islands. The team was also able to experience ‘’island hopping’’ by speed boat and domestic flights.

The team also took note of the prospects for making Nigerian goods and services available to enterprises in the Maldives, especially in the areas of food, fashion and entertainment. This is among the elements being discussed with H.E Muhammed Bello Abioye, the Nigerian Ambassador to The Maldives. There is scope for bringing businesses from Nigeria and the Maldives together via trade fairs, B2B encounters, cultural events and other promotional mechanisms.

Among the highlights of the Tour were the scheduled meeting between the NTT Team and Minister of Tourism – Dr. Abdullah Mausoom, as well as engagements with Mr Rafil Mohammed, The Executive Director of The Maldives Association of Tourism Industry (MATI) – the oldest tourism association in The Maldives and Mr. Thoyyib Mohammed, The Managing Director of Maldives Marketing and Public Relations Corporation (MMPRC).

The Minister outlined his vision for tourism development in The Maldives and expressed the hope that Nigerian tourists would soon play a prominent role in the growth and expansion of the industry. The Minister further stated that, ‘’as The Maldives celebrates its Golden Year of Tourism in 2022, outreach to an important market like Nigeria is critical and would be further enhanced, with the introduction of direct air connections’’.

 

NTT Global Destinations has crafted destination marketing plans for the Maldives, in partnership with Nigerian tour operators and will spearhead efforts to introduce direct charter flights in the near future.

In addition to its established place in global tourism, The Maldives is also a leader in Muslim friendly travel experiences. It caters extensively to halal food, private villas, exclusive sand banks and an abundance of mosques and designated places for prayer.

Ms. Agboola is enthused at the positive response to the packages for The Maldives and strongly encourages everyone to ‘’sign up early to avoid missing out on the special rates on offer by all our tour operators, for both leisure and halal packages’’.

The Maldives is a visa free destination for Nigerians and the government has removed the requirement for a COVID Test as a condition for entry.

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Adron celebrates 10th Year Anniversary, Appreciates its Landlords

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Adron Homes and Properties, a leading player in the real estate industry gives back to her landlords.

In commemoration of her tenth anniversary, the company decided to embark on giving back to society especially her clients who had stood and believed in the company as well as keyed into her numerous housing (estates) projects across the country and beyond.

The Group Managing Director, Aare Adetola Emmanuelking seized the opportunity to reiterate the company’s vision of making the incredible affordable by ensuring quality shelter for everyone.

In a statement, Aare Adetola Emmanuel King stated that ” Adron is poised at bridging the housing deficit gap in the country and beyond”

He attributed the company’s success as one of the leading players in the real estate industry with dozens of mega estates across the country to the trust and confidence the company enjoys from clients and prospects.

A team of management staff led by the Director of Brand and Business Development, Barr, Alonge Tola made surprise visits to some of the company’s estates, alongside Mr. Kazeem (JIGAN) one of the Brand ambassadors for Adron Homes, which added more elements of surprise and glamour during the visits to numerous landlords.

Jigan handed the landlords gifts packs in commemoration of the anniversary.

The landlords were full of excitement to see their Nollywood celebrity standing just in front of their doors, they expressed their gratitude to Adron Homes for the act and also for matching words with action, especially in regards to infrastructures at their different estates they commended the company for ensuring uninterrupted power supply.

The excitement in the faces of the numerous landlords whom we visited was glaring as they received the gift items and gave their appreciation speeches and some even became emotional.

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