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Conditions are fast deteriorating in Nigeria. Armed robbery, kidnapping, ritual murders, political assassinations, as well as other criminal activities are on the rise. Blood is spilled unnecessarily every day. Precious lives are wasted. Human life has no value anymore.https://www.sunnewsonline.com/life-in-a-society-of-ritual-killers/
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FreeStuffsNG:Well spotted.....The journalist will also be sued for misrepresentation! [img]https://c./i2kmn1YBoXIAAAAC/hi-hallo.gif[/img] |
A limited liability company, Capital Oil Plc, has written a letter to Chief Ifeanyi Ubah and his company Capital Oil and Gas industries to pay consent judgement sum of N100 million. Capital Oil Plc, had in 2008 slammed N1 billion suit on Chief Ifeanyi Ubah and his company, Capital Oil and Gas Industries Limited over an alleged unlawful use of part of its name “CAPITAL OIL” and and that despite repeated pleas and warning by the plaintiff and directive from the Corporate Affairs Commission, the defendants did not desist. Corporate Affairs Commission (CAC) was joined as co- defendants. In a statement of claim filed before a Federal High Court in Lagos by a Lagos lawyer, Chioma Okwuanyi, Capital Oil Plc stated that it became aware of the existence of Capital Oil and Gas Industries Ltd. when correspondences meant for the company were delivered to it and that upon inquiry, it discovered that the company engages in the business of dealing in petroleum products which is the same line of its business. The plaintiff (Capital Oil) notified Corporate Affairs Commission the error in registering Capital Oil and Gas industries Ltd. Thereafter CAC directed the company to change its name within six weeks, but the defendant refused to do so. When the confusion between the two companies became unbearable, the plaintiff (Capital Oil Plc) dragged Chief Ifeanyi Ubah and his company Capital Oil and Gas industries Plc to court. The suit was later settled by a term of settlement filed before the court and entered as consent judgement, whereby Chief Ifeanyi Ubah and his company Capital Oil and Gas industries agreed to pay and indeed paid N100 million to the plaintiff to remove Capital from its name. However the money was refunded when it was discovered that the board of Directors of Capital Oil company was not carried along in the purported settlement which the company accepted. Thereafter Capital Oil and Gas Industries sought the order of the court to compel the plaintiff to enforce the said consent judgement, but the presiding judge then Justice Okechukwu Okeke after a review of the facts of the case absolved the plaintiff of any breach of the consent judgement in the sense that since the defendant accepted the money refunded by the plaintiff, the judgement has been repudiated. Thereafter, the defendants agreed for the sum of N230million as settlement, but the defendants refused to make any payment. Sometime in 2013, the plaintiff received several calls from its clients who demanded to know how it had been so much engrossed in huge indebtedness that led to the take over of the management of the company by Asset Management Corporation of Nigeria AMCON. This embarrassed the plaintiff and tore its good will into shreds, as the company taken over by AMCON was Capital Oil and Gas industries and not Capital Oil Plc. Thereafter, the Plaintiff file a suit seeking an order to restrain Chief Ifeanyi Ubah from using the name ‘Capital Oil.’ By judgement of Justice M B. Idris, the argument of Chief Ifeanyi Ubah and his company was upheld, stating that the consent judgement was still valid and subsisting. Capital Oil, dissatisfied with the said judgement, appealed to the court of Appeal. The court of Appeal, while delivering its judgement dated 19th May 2021 upheld the judgement of the lower court and found the judgement of Justice M. B. Idris to be valid and subsisting. Upon the delivery of the judgement of the court of Appeal, the Capital Oil company instructed its solicitors to write a letter to Chief Ifeanyi Ubah and his company demanding the payment of the N100 million judgement sum. https://pmnewsnigeria.com/2022/02/08/capital-oil-plc-writes-ifeanyi-ubah-demands-payment-of-n100m-judgement-sum/ |
in a country where the system is flawed! [img]https://media1./images/f6aa5871607b1c8f9f05b99b53dab74c/tenor.gif?itemid=18210872[/img] |
....whilst at the same time looking for fresh loans. [img]https://media1./images/f6aa5871607b1c8f9f05b99b53dab74c/tenor.gif?itemid=18210872[/img] |
.....a few days after he visited buhari? [img]https://media./images/5e9128824f302183b8fef69cf78edb7d/tenor.gif[/img] |
Nigeria may spend as much as 92.6 percent of revenue to service debt in 2022 due to weakening naira rate against the dollar, the International Monetary Fund has predicted. According to data from the Debt Management Office (DMO), as of September 30, 2021, the nation’s external debt stood at $92.626 billion or N38.0 trillin for total public debt. In order to sustain these debts, the Federal Government spends trillions of naira yearly on debt servicing — an amount required to cover the repayment of interest and principal on a debt(s) over a period of time. In the past five years, beginning from 2017, the President Buhari administration has spent a total of N15.375 trillion on debt servicing, excluding N296bn and N110bn allocated for sinking funds in 2019 and 2020. In its 2021 Article IV, IMF also expects the country’s revenues and grants in the year to cap at seven per cent of total output. Last year’s rate was estimated at 7.4 per cent, which is much higher than the 6.3 per cent achieved in 2020. Part of the report reads: “economy is recovering from a historic downturn benefiting from government policy support, rising oil prices and international financial assistance.” The IMF also stated that insecurity and a lack of COVID-19 vaccination were significant obstacles impeding the country’s economic progress, emphasizing that “worsening violence and instability might also undermine the recovery.” As at the end of September, 2021, debt-servicing-to-revenue ratio stood at 76 per cent, implying that 76 kobo out of every N1 earned by the government was spent on payment of interest on debts. The IMF’s latest statement estimates the debt-servicing-to-consolidated revenue (total revenues of the government and its agencies) for 2021 and 2022 at 29 and 32.8 per cent respectively. https://www.blueprint.ng/nigeria-to-spend-over-90-of-revenue-on-debt-servicing-in-2022-imf/ |
'Hopeless' state of affairs........ [img]https://media1./images/d472e21bfc3fbc5d19525a7d11c18251/tenor.gif?itemid=22526451[/img] |
It must now be 'Tired'......... [img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img] |
Dis one pass 'Fuel filter'............ [img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img] ...mechanics go hammer! |
Face Checked......... [img]https://media1./images/8dc11d6f3b55047b74e8161550ddc719/tenor.gif?itemid=11389761[/img] |
......there is nothing to discuss! [img]https://media1./images/23939b7ed3cc5a7ecd219916cdbb8cb6/tenor.gif?itemid=18062113[/img] safe trip, see you in 20 years |
Use spanner to adjust the screw on the side.......it looks like an isolator valve. |
More............Bills! [img]https://c./NjfLx8xexM4AAAAC/nwanimo.gif[/img] .......tax on transactions + dubious fee's. |
Idol worshippers........... [img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img] |
[img]https://c./NXZMj-ifYoMAAAAd/firmino-mane.gif[/img] |
[img]https://c./IJmP7P1pmv4AAAAC/mane-sadio-man%C3%A9.gif[/img] |
He's still better than bubu [img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img] |
Traditional birth control vs Modern birth control? [img]https://media1./images/8449c89b2a5a67af4d98b99a8e403eee/tenor.gif?itemid=21379361[/img] Like comparing 'apples' and 'pears'.....the stats get 'k-leg' |
Gateman in Nigeria......@CBN |
Recent statistics by the National Bureau of Statistics (NBS) have indicated that Anambra topped the list of states where married women use traditional contraceptives to control childbirth, with Yobe having the lowest figure at 0.3 percent. This is contained in NBS’ demographic statistics for 2020 posted on its website on Sunday in Abuja. The statistics showed that 98.1 percent of married women in Yobe did not use any contraceptives in the year under review. It categorised the birth controls into traditional contraceptive methods, modern methods, and those not currently using any contraceptive at all. NBS said that at the national level, the total number of women not using contraceptives to prevent childbirth was 83.4 percent, while those using the traditional method of contraceptives was 4.6 percent with the modern method standing at 12.0 percent. Sokoto State at 97.7 percent follows Yobe in the category of women not using contraceptives with 0.2 using traditional methods, while 2.1 percent use the modern method. The report said, however, that the Total Fertility Rate (TFR) for the year 2018 was 5.3 percent, indicating a decrease from previous years. It added that women in the age group 25 to 29 had the highest fertility rate, while women aged 45 to 49 had the lowest rate. The report noted, however, that the total national birth registrations between 2017 and 2019 stood at 18.46 million with 2017 accounting for 5.03 million, while in 2018, it was 6.58 million with 2019 recording 6.83 million. At the state level in 2017, Kano had the highest registered live births with 415,598, while in 2018 and 2019, Borno recorded the highest having 863,592 and 879,524, respectively. On the other hand, Bayelsa recorded the least total national birth registrations with 220 in 2017; 234 in 2018, and 199 in 2019. The report indicates, however, that most of the birth registrations were done in urban areas with 63 percent in 2017, 59 percent in 2018, and 62 percent in 2019. On the statistics of recorded deaths, NBS disclosed that burial or other means of deceased disposal was 38,727 between 2017 and 2019. Giving a breakdown, it said that the total number of deaths registered in 2017 stood at 15,153 but was reduced to 13,329 in 2018 and further reduced to 10,245 in 2019. By gender categorisation, the NBS said that 9,555 male deaths were registered in 2017, 8,842 in 2018, and 7,066 in 2019 while 5,598 female deaths were registered in 2017, 4,487 in 2018, and 3,179 in 2019. https://gazettengr.com/anambra-women-top-list-of-contraceptives-users-in-nigeria-statistics-bureau/ https://gazettengr.com/wp-content/uploads/Nigerian-women-MAIN2.jpg |
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