SUPREME COURT REMOVES JULIUS ABURE AS LABOUR PARTY CHAIRMAN. (PHOTO).

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  Supreme Court Removes Julius Abure as Labour Party Chairman The Supreme Court has nullified the decision of the Court of Appeal in Abuja that recognized Julius Abure as the National Chairman of the Labour Party. Delivering a unanimous verdict on Friday, a five-member panel of the apex court ruled that the Court of Appeal lacked jurisdiction to declare Abure as chairman, as the matter centered on internal party leadership—a subject courts are not permitted to adjudicate. The court also noted that Abure's tenure had already expired. The appeal, filed by Senator Esther Nenadi Usman and another, was upheld, while a cross-appeal by the Abure-led faction was dismissed for lacking merit. More details to follow.
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EFCC DOCKS UNLICENSED MONEY LENDER FOR ISSUANCE OF DUD CHEQUE OF N25 MILLION TODAY IN ENUGU.[PHOTO}.

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Image may contain: 1 person, standing                                                             The Economic and Financial Crimes Commission,EFCC,today Monday 20 February,2017 arraigned one Marcel Amadi before Justice. Dugbo Oghoghorie of the Federal High Court Enugu,Enugu State on a three count charge bodering on illegal operation of financial services issuance of dud cheque to the tune of N25,100,000.00 {Twenty Five Million,One Hundred Thousand Naira Only} without any valid license contrary to section 2{1} of the Banks and Other financial Institutions Act,Cap B3,Laws of the Federation,2004 and Punishable under Section 2{2} of the same Act.
It was alleged by a petitioner that the suspect Marcel Amadi is in the business of offering financial services to clients through his company,M.A and Sons Commission Agents Nigeria which though registered with an Enugu magistrate court,was not licensed with neither the state government nor Central Bank of Nigeria {CBN} to operate such financial business.Investigations carried out reveals that he is a 'money lender',who collects money from clients at an agreed interest rate and lends out such funds to other clients also at an agreed interest rate.
However,his ordeal started when after over a period of three months,he stopped the payment of interest on a N25 Million naira invested in the business by the petitioner and could not also refund the principal amount.It was further revealed that in order to ward off pressures from his creditor,the accused person who had held the investment fund since 2010,had held the invested fund since 2010,had issued six cheques to the complainant all of which were retuned unpaid for insufficient funds.The accused pleaded not guilty to the three counts charge preferred against him.In view of the accused person's plea,the prosecuting counsel Barr. Rotimi Ajobiewe applied for a short date for trial.The defense counsel Barr.IM Ugwu,pleaded that his client continues with the administrative bail earlier granted him by EFCC.
Justice Dugbo having granted Amadi his prayer,adjourned the matter to 14th March 2017 for trail.
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