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Court awards cost to First Bank for financial loses of its customer in Niger

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A High Court sitting in Minna has awarded the sum of N12 million against First Bank of Nigeria as compensation for financial losses caused to one of its customers, Messrs MarketBridge Ltd in its trading business.

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According to court documents sighted by CAPITAL POST in Minna Monday, indicated that October 2017, MarketBridge invested the sum of N65, 000,000 in call deposit at 7 percent per annum with the defendant. On 25th November, 2019 the Plaintiff wrote to the bank to terminate the call deposit investment and effect three transfers of various sums of money to the account of Crown Flour Mills with the same bank. First Bank acknowledged receipt of the customer’s instructions but refused to carry them out and provided no explanations on why it did so to MarketBridge.

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After several unsuccessful efforts to get the bank to carry out its instruction, the plaintiff hired the services of Messrs
Alheri Chambers to compel First Bank to come clean on the status of its N65 million investment with the bank.

After so much pressure from Alheri Chambers and escalation of the matter to the Consumer Protection Department at Central Bank of Nigeria, First Bank verbally claimed that the N65,000,000 investment was not in its books and that the funds were fraudulently converted to personal use by its then Tunga Branch Minna branch, Mr. Daniel Achi.

He was alleged to had converted the funds for personal investment, but failed to payback before the malpractice was discovered, a situation which the bank claimed that they cannot be held liable for the misconduct.

Contrary to industry practice, the bank avoided written correspondence on the matter and resort to verbal communication.

According to the Judgement paper, about 36 days after MarketBridge issued instruction for termination of its call deposit and transfer of part thereof, on 31st December, 2019 the defendant deposited the sum of N74,885,342.47 into the account of the plaintiff without any explanation or apology.

The High Court Judge, Justice Bilikisu Yusuf Gambo while delivering her judgement said that First Bank ought to put in appropriate measures to protect its customers deposit and to prevent unauthorized access to a customer’s account by its staff, adding that every bank or financial institution must provide adequate facilities to prevent all kinds of fraud from being perpetrated into its customers’ accounts.

“Banks must also provide sophisticated software to monitor internal operation of the bank by its staff”, she said.

The judge therefore ruled that “The defendant is to pay the sum of N10, 000,000 to the plaintiff as general damages, the sum of N1,500,000 to the defendant being solicitors’ fees and pay the plaintiff the sum of N500,000 as cost of litigation.”

The court also ruled that “the plaintiff is entitled to a letter of apology from the defendant for not carrying out the plaintiff’s instruction regarding the plaintiff’s funds as at the time of request.” she asserted

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Police invites Emir Sanusi for investigation for violating Sallah Durbar ban [See copy]

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The Emir of Kano, Sanusi Lamido Sanusi has been summoned to the Nigerian Po,ice Force headquarters to face criminal investigation.

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In a letter dated 4th April and signed by Commissioner of Police in Charge of Operations, Olajide Rufus Ibitoye, said he was directed by the Inspector General of Police to invite the Emir for questioning for violating Durbar ban.

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A copy of the letter sighted by CAPITAL POST indicated that Sanusi led a Durbar processing to the Government House to pay homage despite the ban which the Police expressed security concerns.

The urged Emir Sanusi Lamido to appear on Tuesday,b8th April, 2025.

Sanusi reportedly led a procession in car as against the usual horses in which a 20-year old in the entourage was arrested and detained.

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Senators Natasha, Abbo unite in peddling dangerous falsehood against me – Akpabio

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Senate President, Godswill Obot Akpabio has accused Senator Natasha Akpoti-Uduaghan and Elisha Abbo of being united I coordinated attacks against him lately.

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He stated this following Natasha’s claims during a rally in her Kogi Central Senatorial District that he recruited the former Governor of Kogi State, Yahaya Bello to assassinate her outside Abuja.

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At the rally on Tuesday 1st April, 2025 which was monitored by CAPITAL POST in Lokoja, Natasha accused the former Governor Yahaya Bello, having been contacted late in the night of March 12, 2025 to orchestrated ‘recall and assassination’ of her outside Abuja.

Natasha said she has intelligence reports that when she is killed in her Constituency, “it will look as if it’s her people that killed her.”

Though Bello was yet to issue a statement debunking the allgations or otherwise, Senate President on his part denied the allegation and described it as falsehood and inflammatory.

Reacting in a statement by the Special Adviser on Media and Publici, Hon. Eseme Eyiboh on Friday, Akpabio accused former Senator representing Adamawa North Senatorial, Elisha Abbo of toeing the similar part of blackmail, saying barely 24 hours later, on April 2, 2025, Elisha Abbo appeared on Arise Television to revive a previously withdrawn claim that Senator Akpabio “manipulated the judiciary” to secure his removal from the Senate.

The statement said: “Nigerians will recall that Mr. Abbo, in 2023, publicly retracted this same accusation and tendered an apology after acknowledging that his claims were founded on incorrect assumptions.

“His removal from office was the outcome of a constitutionally grounded judicial decision by the Court of Appeal, which independently determined that he was not duly elected to represent Adamawa North.

“In a further twist, Mr. Abbo also alleged that he was denied his entitlements by the Senate President. This, too, is categorically false. Entitlements such as salaries and allowances are processed strictly through administrative and legal procedures.

“The Senate President does not and cannot unilaterally approve or deny such requests. Any delays or rejections would have been based solely on due diligence and compliance with established protocols.

“The timing, tone, and striking similarity of these coordinated attacks point clearly to a politically motivated smear campaign. These individuals—backed by undisclosed interests—appear united in a desperate effort to undermine the credibility of the Senate and its leadership and intended to distract from their own personal and political shortcomings and failings.

“Senator Godswill Akpabio remains undeterred. As a statesman devoted to national unity, institutional integrity, and the rule of law, he will not be distracted by malicious falsehoods or inflammatory rhetoric.

“Regardless of the necessity for legal redress, formal letters of demand, seeking immediate public retractions, apologies, and compensation for reputational harm, are underway to be served on both Senator Natasha Akpoti-Uduaghan and Mr Elisha Abbo.

“We call on the Nigerian public in particular and the International Community to reject these baseless and provocative narratives. The Senate, under Senator Akpabio’s leadership, remains focused on its constitutional mandate: to promote legislative excellence, safeguard democratic values, and deliver meaningful progress for the Nigerian people”, the statement concluded.

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Governor Ododo mourns death of Kogi East APC Chairman

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Late Suleiman Muhammed

Kogi State Governor, Ahmed Usman Ododo, has expressed heartfelt sympathy over the demise of Hon. Suleiman Muhammed, the Kogi East Zonal Chairman of the All Progressives Congress (APC).

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In a condolence message to the family of the deceased and members of the APC in Kogi state, described the sudden passing of the APC Zonal chairman as a loss not only for the party in Kogi East but the entire APC family in the state.

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According to the Governor “The late Hon. Suleiman Muhammed was a man of peace, humility, and one who demonstrated commitment to the service of the state and the APC as a party. He carried the aspirations of his people with dignity; his leadership was widely respected and his contributions deeply valued within and beyond the APC in Kogi East”.

“He was instrumental in strengthening party cohesion and promoting inclusive dialogue. His presence in every party engagement brought stability and thoughtful leadership to our consultations in the zone.”

Governor Ododo further noted that Hon. Suleiman’s calm temperament, sense of fairness, and ability to listen distinguished him as a unifying figure in the party.

The Governor also extends condolences to the family of the deceased, the leadership and members of the APC in the state, the people of Dekina local government area and the entire Kogi East Senatorial District.

He prayed that Almighty Allah (SWT) forgive his shortcomings and grant him Aljanatul Firdaus.

The late APC zonal chairman who served as the APC coordinator in Odu Ward 2 before becoming the zonal chairman of the party in Kogi East died at the age of 45 and has been laid to rest according to Islamic rites.

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