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ETI Specialized Resolution Company to appeal court judgment on Honeywell suit

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The ETI Specialized Resolution Company Ltd (ESRC) which took over the disputed Honeywell loans is set to appeal the judgement delivered by Justice Ayokunle Faji of the Lagos Federal High Court, on the protracted N5.5 billion legal suit between Honeywell and Ecobank. The ETI Specialized Resolution Company Ltd (ESRC), a Recovery resolution vehicle of the Ecobank group will fully prosecute the appeal as it strongly disagrees with the decision of the court. The main purpose of ESRC is to pursue and recover all outstanding loan obligations of customers whose loans were sold to the company. It has indeed made appreciable progress in this regard.

The suit, which was filed by Honeywell Flour Mills Plc, and its sister companies; Anchorage Leisures Ltd and Siloam Global Limited, against Ecobank urged the court to hold that they are not indebted to Ecobank, having paid N3.5 billion based on a concession purportedly given by the Bank.

Justice Faji in his judgement delivered on Friday May 31st, 2019, ruled that since Honeywell paid in line with the agreement reached at the meeting of December 2013, it is no longer indebted to Ecobank. ESRC said it will appeal the judgement as same did not take into consideration salient facts put before the court. In the view of ESRC, a debtor should be made to pay its full debt having failed to pay as and when agreed.

A spokesperson for ESRC said that the company will pursue recovery of the debts owed by the Honeywell companies to the logical conclusion through the courts, as return of depositors’ funds is key to ensuring the sanctity of agreements and viability of continued support and growth of local businesses by Banks.

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Crime

Guest Flees As Hotel Uncovers Murdered Female Companion

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Companion

The Kwara State Police Command has begun searching for a man who allegedly killed a lady in a hotel in Ilorin, the state capital, about three weeks ago.

 

 

The suspect, whom the police identified as Adegboye James of Okelowo Street, Ede, Osun State, was alleged to have murdered the lady whom he brought to the hotel on Adewole Housing Estate, Ilorin, on May 27, 2021.

 

 

The police, in a statement signed by the command’s Public Relations Officer, Ajayi Okasanmi, said the address given by the suspect was fake and could not be traced.

 

 

He called on members of the public whose daughter or female relation was missing since May 28, 2021, to check the Homicide Section of the State Criminal Investigation Department for possible identification of the corpse.

 

 

The statement read, “On May 28, 2021, around 7.30pm, we responded to a call from one  Olalekan Anafi, the supervisor of Premium Diamond Hotel, in the Adewole area of Ilorin that on May 27, 2021, around 2pm, one Adegboye James, lodged at their hotel.

 

 

“The said Adegboye James went out and came back with a lady.  The said Adegboye James later checked out of the hotel without the knowledge of any of the hotel staff.

 

 

“In the morning of the following day when nothing was heard from the room occupied by the said lodger, a spare key was used to open the room and the hotel was confronted by the dead body of the lady.

 

“Investigation into the incident is already at an advanced stage as ordered by the Commissioner of Police, Kwara State, CP Mohammed Bagega, to arrest the lodger whose name and address as reflected in the hotel’s logbook is fake.”

 

In another development, the Kwara State command of the Nigeria Security and Civil Defence Corps said its operatives are searching for a motorist who allegedly cut off the hand of a seven-year-old Alimanjiri student, Usman Abubakar, of Malam Aliu Adamu School, Patigi, in the Patigi Local Government Area of the state.

 

 

A statement by the Public Relations Officer of the NSCDC, Babawale Afolabi, said the child was allegedly kidnapped together with his schoolmate by the unknown motorist, who promised to take them to where they would eat on Monday night.

 

 

Babawale said the suspect, who is now at large with the boy’s hand, later escaped into the bush.

 

 

He said the victim lost much blood and was treated at the Patigi General Hospital.

 

 

The PRO said the NSCDC had commenced investigation into the incident.

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Buratai, Olanisakin Get Ambassadorial Postings, Buhari Silent On Other Ex- service Chiefs

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Buhari

Former Chief of Army Staff, Lt.Gen. Tukur Yusufu Buratai (rtd), has been deployed to Benin Republic. While General Abayomi Gabriel Olonisakin (rtd), former Chief of Defence Staff, has been appointed the head of mission to Cameroon.

At a brief ceremony in Abuja on Tuesday, the Minister of Foreign Affairs, Geoffrey Onyeama, presented letters of credence to the ex-service chiefs.

 

 

This was disclosed by Mr Kimiebi Ebienfa, information officer of the ministry.

 

 

“The Honourable Minister of Foreign Affairs, H.E. Geoffrey Onyeama today 22 June 2021, presented Letters of Credence to the Ambassador-Designate of Nigeria to the Republic of Cameroon, General Abayomi Gabriel Olonisakin (Retired) and the Ambassador-Designate of Nigeria to the Republic of Benin, Lt.Gen. Tukur Yusufu Buratai (Retired).”

 

 

“The Minister of Foreign Affairs during the brief ceremony congratulated the immediate past service chiefs on their appointment by Mr. President and called on them to deploy their wealth of experience to promote Nigeria’s interest during their tour of duty in countries of accreditation,” he said in a statement.

 

 

However, the statement was silent on the postings of the other former Service chiefs, Vice Admiral Ibok- Ette Ibas (retired) former Chief of Naval Staff; Air Vice Marshal Sadique Abubakar (retired), ex-Chief of Air Staff and and Air Vice Marshal Muhammad S. Usman (Rtd), former Chief of Defense Intelligence.

 

 

President Muhammadu Buhari had, on February 4, 2021, appointed the ex-service chiefs as non-career ambassadors.

 

 

The president appointed the ex-service chiefs in 2015 and refused to bow to the pressure to relieve them of their duties until they “voluntarily resigned”.

 

 

 

Their ambassadorial appointment sparked public outrage, with calls on the Senate to reject their nominations.

 

 

Despite the outrage, the Senate, on February 23, 2021, confirmed their nominations.

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UNIJOS Hires Hunters To Secure Campus Against Bandits

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UNIJOS

The University of Jos (UNIJOS) has hired local hunters to beef up security within and around the campus, its vice-chancellor Prof. Sabastine Maimako has stated.

 

 

Maimako announced this on Tuesday during the valedictory session to mark the end of his five-year tenure.

 

 

He said: “It is no longer news that the security situation in the country is quite tenuous. This is why under my administration we made frantic efforts to ensure that all lives and property within the University are adequately protected.

 

 

“When we got a security report that we were the soft targets, we closed our hostels for almost two weeks and suspended lecturers eventually.

 

 

“Now before we could reopen, we were given a condition that we must employ the services of local hunters to help us secure our hostels, particularly at night.

 

 

“Today, this is where we are but thanks to God the Director of Peace and Conflict Studies looking at the happening, he has offered to train these hunters on the rule of engagement in their working in the University.”

 

 

He noted the institution has collaborated with various security experts for a significant drop in crimes on campus while some staff were recruited to address the deficits in security personnel.

 

 

He said his administration initiated and completed 85 projects which have been commissioned.

 

 

The VC explained out of the 75 programmes, which the institution was to run, 43 have full accreditation status while 30 programmes have interim accreditation status.

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