ANAMBRA GOVERNMENT DISSOLVES NKWO UMUEZE MARKET LEADERSHIP OVER DEFIANCE OF MONDAY TRADING DIRECTIVE. (PHOTOS). #PRESS RELEASE

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 Anambra Government Dissolves Nkwo Umueze Market Leadership Over Defiance of Monday Trading Directive By Ebele Iyke Odili/Amaka Isikala  The Anambra State Government has dissolved the caretaker committee of Nkwo Umueze Market for failing to comply with the state’s directive mandating full commercial activities on Mondays. The dissolved committee, led by Mr. Onyeka Ekemezie, has been relieved of its duties with immediate effect.  The former chairman and members of the committee have consequently ceased to function as the recognized leadership of the market. The decision follows a clear policy position of Governor Charles Chukwuma Soludo that no market in the state should remain closed on Mondays under any guise.  The Governor had earlier warned that any market leadership found enforcing or encouraging continued closure would be dissolved in the interest of economic stability and public order. It would be recalled that the Monday sit-at-home, previously imposed by the ...
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LAGOS COURT JAILS MAN 18 MONTHS FOR DEFRAUDING STERLING BANK OF N30M. (PHOTO). #PRESS RELEASE.

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 Lagos Court Jails Man 18 Months for Defrauding Sterling Bank of N30m


Justice O.A. Fadipe of the  Lagos State High Court sitting in Ikeja Lagos has convicted and sentenced one Adebisi Ridwan Ayodeji  to 18 months imprisonment for defrauding Sterling Bank of the sum of N30,000,000( Thirty Million Naira).


The convict was initially arraigned by the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Directorate 2, Ikoyi, Lagos on a one-count charge of stealing  to the tune of N30,000,000 before Justice Oluwatoyin Taiwo.


He was subsequently re-arraigned before Justice Fadipe, and the trial commenced de novo on March 3, 2023.


The charge reads: “Adebisi Ridwan Ayodeji, on or about the 15 day of September, 2021, in Lagos within the jurisdiction of this Honourable court, fraudulently converted to your own use the sum of N30,000,000.00 Thirty Million Naira) ,property of Sterling Bank Plc.”


 


He pleaded “not guilty” to the charge when it was read to him, thereby leading to his full trial.


In the course of the trial, the prosecution counsel, S.I. Suleiman, presented three witnesses and tendered several documents that were admitted in evidence against the defendant.


Delivering judgment on Tuesday , February 24 , 2026, Justice Fadipe sentenced the defendant to 18 months imprisonment on the one-count charge of stealing.


The judge also ordered the convict to make restitution in the sum of N23,677,107.05, being the outstanding balance, to the petitioner in addition to the custodial sentence.

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