₦airaland Forum

rose54321:
Haba na, the Federal government should step in and bail out companies like this.

If Silverbird is closed down, it's average Nigerians like me and you that will lose their jobs and suffer.

This is common sense, the government should put systems in place to help business and companies from closing down. The military approach wouldn't work here.

I have said my own, if things keep getting hard the masses will protest.

gagzee:
Not yet...did a Google search on d name he gave me sunmola sulaimon, found nothing really fishy onpy that his a nairabet agent, tho he was accused by someone on thr forum bt it was later resolved

mukina2:
aieromon

your unku ramos has done it again

greatbrian:
Jonathan never did half of dz when he was crucified. If Nigerians won't Apologise to jonathan then they are real sycophant and zombies

The Federal Government has sacked all resident doctors in the country indefinitely.

The doctors had been on an indefinite nationwide strike since July 1, in protest of Federal Government's non-implementation of some agreements it had with the union.

Other demands included immediate appointment of a Surgeon-General of the Federation and increase of hazard allowance to N100,000 monthly.

The doctors were also demanding reservation of the position of the chief medical director for medical doctors only.

The Federal Government, in a circular dated August 13, 2014, signed by L. N. Awute, Permanent Secretary, Ministry of Health, on behalf of the minister directed the suspension of residency training programme for doctors in the country, and termination of appointment of all resident doctors to enable the government appraise the challenges facing the sector.

The government, in the circular, entitled "Re: Presidential directive suspending residency programme in Nigeria," directed the hospital boards of management to take all necessary measures to immediately restore full medical services.

limitless777:
Can they explain to me the federal high court they sought powers from before freezing of the account of the Governor?

This is where section 308 now comes in handy. To
freeze an account, you have to come by way of
motion exparte to a federal high court.
Can you take Fayose to court? No
Why? S.308 prevents it.

Ex parte /ˌɛks ˈpɑːrtiː/ is a Latin legal term meaning "from (by or for) [the/a] party". An ex parte decision is one decided by a judge without requiring all of the parties to the controversy to be present. In Australian, Canadian, U.K., South African, Indian and U.S. legal doctrines, ex parte means a legal proceeding brought by one person in the absence of and without representation or notification of other parties. It is also used more loosely to refer to improper unilateral contacts with a court, arbitrator or represented party without notice to the other party or counsel for that party.

A court order issued on the basis of an ex parte proceeding, therefore, will necessarily be temporary and interim in nature, and the person(s) affected by the order must be given an opportunity to contest the appropriateness of the order before it can be made permanent.

https://en.wikipedia.org/wiki/Ex_parte

The Federal High Court, Lagos Division has frozen all the assets of businessman Jimoh Ibrahim, as well as his NICON Investment Limited and Global Fleet Oil and Gas Limited. Justice Saliu Saidu issued the interim injunction in response to an application by Mr. Yusuf Ali, counsel to the Asset Management Corporation of Nigeria (AMCON) on June 14th, and it will stay in place until all the issues concerning their indebtedness to AMCON are determined.

The order restrains NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim from dealing with any assets or funds of the company. It covers the assets of NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim in Abuja, Lagos, Dubai and London.

The freezing order also affects all bank accounts held and/or maintained by NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim in First Bank Plc, Guaranty Trust Bank Plc, Diamond Bank Plc, United Bank of Africa Plc, Access Bank Plc, City Bank Nigeria Limited and Sterling Bank Plc.

Others are Ecobank Nigeria Plc, Fidelity Bank Plc, First City Monument Bank Plc, Heritage Bank Limited, Keystone Bank Limited, Skye Bank Plc, Stanbic IBTC Bank Plc, Sterling Bank Plc, Zenith Bank Plc, Union Bank of Nigeria Plc and Unity Bank Plc.

The court also ordered the freezing of all bank accounts to which Barrister Jimoh Ibrahim is a signatory either alone or with any other person in NICON Investment Limited, Global Fleet Oil and Gas Limited in any of the banks and financial institution on the list. AMCON was also granted the possessory order to take over Jimoh Ibrahim’s Nigeria Re-Insurance Company Plc, NICON Insurance Company Plc, Nigeria Stockbrokers Limited (NSL) and NICON Trustees Limited.

The trio of NICON Investment Limited, Global Fleet Oil and Gas Limited and Barrister Jimoh Ibrahim owe AMCON over N50billion that has become the subject of protracted negotiations and court battles as a result of their inability to repay the staggering debt. With AMCON’s debt recovery efforts in full swing, the Corporation took over the assets of Mr. Ibrahim in Abuja and Lagos.

Recall that 400 obligors of AMCON account for more than N4.5 trillion, which is approximately 80 percent of the total outstanding loan balance of the corporation’s over 12,000 accounts with obligors that have become recalcitrant over time despite the efforts of the corporation.

To deal with the situation, AMCON recently increased the tempo of its recovery activities using firmer negotiation strategies and the special enforcement powers it possesses under the AMCON Act, to compel some of its debtors, especially business heavyweights and the politically exposed, to repay their debts.

Ibrahim, one of Nigeria’s wealthiest men, has investments in such areas as aviation, hotels, banking, insurance, real estate, and publishing, along with a reputation for ruthlessness and shortcuts.

AMCON began enforcement of the freeze order earlier today.

mikkyangel:
$50 baba. (mayb u should wait till next month for my laptop deals), i tell u, its way way cheaper than buying online and paying me $50 to ship, except u have a particular ne ur intrested in

adeyemi4u:
I need MTN and Airtel data.

mukina2: