Stallion Motors was shut thursday, following a court judgment, arising from the company’s indebtedness to some Nigerian banks and Asset Management Corporation of Nigeria (AMCON).
THISDAY gathered that the Stallion Group is heavily indebted to GTB, which dragged it to court.
The company, it was learnt, is also indebted to AMCON, Access Bank and UBA, among others.
According to a THISDAY authoritative source, the group owes the banks a hefty N330 billion, while AMCON’s exposure to it is N26 billion.
However, an official of the company, who did not want to be named, told THISDAY that the court order was …
The police in Bauchi said on Thursday that 25 persons were burnt to death in an auto crash along Bauchi- Ningi Road in Bauchi State.
The Police Public Relations Officer (PPRO) of the command, DSP Abubakar Kamal, made this known in a statements in Bauchi.
Kamal said the accident occurred, which occurred in the early hours of Thursday, involved two vehicles; a Peugeot J5 Bus and a Toyota 18-seater Hummer bus.
The Toyota bus was conveying 22 passengers while the J5 bus was carrying 20 cows and four …
Members of Ebenebe community of Awka North Local Government Area of Anambra State have clashed with cattle herdsmen in the area over the destruction of their crops by livestock tended by Fulani herdsmen.
THISDAY gathered that security agencies in Anambra State walked round the clock to foil any loss of life during the clash which occurred on Tuesday.
A source said members of the community had mobilised to fight back after herdsmen moved their livestock to destroy crops in farms, while also threatening members of the community with attack.…
Kogi State Governor, Alhaji Yahaya Bello, has downplayed the submission by the National Security Adviser (NSA), Maj-Gen Babagana Monguno (rtd), which rubbished the conduct of the November 16 governorship elections in Bayelsa and Kogi States, describing the two elections as a fiasco where the unthinkable happened.
Monguno, had on Wednesday at an Inter-Agencies Consultative Committee on Election Security (ICCES) meeting in Abuja, said the polls in both states were not credible, despite the assurances of adequate security before the elections.
However, Bello told State House correspondents thursday in …
Governor of Enugu State, Ifeanyi Ugwuanyi, has launched the Universal Health Coverage scheme to ease the burden of medical expenses of residents through a standard healthcare system.
Speaking during the event, yesterday, Governor Ugwuanyi said his government had provided N200million for the take off of the program. He also said 50 new doctors and other health professionals had been hired to ensure the success of the project.
Ugwuanyi, who was represented by the Secretary to the State Government, Prof, Simon Otuanya, said that the health sector had remained a key focus of the administration as reflected in the huge …
Osun State Government has pledged to continue to see to the welfare of women, children and the vulnerables in the state.
The Commissioner for Women, Children and Social Affairs, Olubukola Olaboopo stated this while relieving a family of six wandering around Aregbe bus stop in Osogbo the State capital.
She explained that the family consists of a father, his pregnant wife and their four children out of which one is a disabled.
Olaboopo said that the people residing in the area informed the Ministry of Women, Children and Social …
The Christian Association of Nigeria (CAN) has faulted the Chief Justice of Nigeria (CJN), Justice Ibrahim Muhammad, for advocating a constitution amendment to include more Shari’a content in the country’s school curriculum, describing the call as ill-timed, provocative and unacceptable.
Muhammad on Wednesday had advocated the amendment of the constitution to accommodate some of the concerns of Muslims and the Shari’a law.
He spoke while declaring the 20th Annual Judges Conference open at the Ahmadu Bello University (ABU), Zaria Faculty of Law’s Moot Court.
Speaking on the theme of the two-day conference, ‘Documentation of Contracts in Islamic Law: Procedure, Sample …
Governor Abubakar Sani Bello of Niger state has inaugurated the 24 Local Government Council in the state with a call on the chairmen to redoubled their efforts to ensure that the people feel the presence of governance at the grassroots.
The governor reminded the Council Chairmen that local government remains the closest tier of government to the people and therefore if things are gotten right at that level, it will make things easier at the state level.
Swearing in the 24 out of the 25 local government Chairmen at the government house in Minna on Thursday, the governor urged …
The committee added that there was an urgent need to review the admission process into the country’s tertiary institutions as Nigeria scored low on the internationalisation index.
The committee, headed by a former Chairman of the Independent National Electoral Commission, Prof Attahiru Jega, stated these in Abuja on Thursday at the
A group at Balogun Market, Lagos, has alleged that the current leadership of the market is desperate to remain in office and had procured documents to support their cause.
In a statement signed by Mr. Chinedu Offor, on behalf of the concerned members in the market, the group alleged that some of the documents being paraded by the leadership, especially the Certificate of Incorporation were altered and not the original one issued at incorporation of the association.
Offor in the statement entitled, ‘The Truth of the Matter’ noted that they would have ordinarily ignored the misrepresentation of facts contained in …
President of the Court of Appeal, Justice Zainab Adamu Bulkachuwa has revealed that 805 cases that emanated from the 2019 general elections has been successfully disposed off by the appellate court.
Justice Bulkachuwa said the appeals arose from the various petitions filed by aggrieved contestants against the results declared in the general elections.
Speaking at the 2019 annual conference of the Appeal Court justices held in Abuja, yesterday, Justice Bulkachuwa showered encomiums on his colleagues on the Appeal Court bench for their hard work and resilient during adjudications of the election cases.
The Appeal Court president at the conference attended …
There is no more hiding place for the real owners of crude oil and gas and mining assets in Nigeria as the Nigeria Extractive Industries Transparency Initiative, NEITI, has finally begun unveiling the extractive sector Beneficial Ownership Register for Nigeria on Thursday.
The disclosure began with the unveiling of the real owners of 270 licences in the mining sector, the owners of 61 assets and 56 companies in the oil and gas sector.
Speaking at the launch of the extractive sector Beneficial Ownership Register for Nigeria, the Executive Secretary of NEITI, Mr. Waziri Adio, said the register was a way …
