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Shares Crisis: Ex-MILAD, Firm Settle Out-of-Court

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A former Military Administrator of Bayelsa State, Lt. Col Paul Obi (Rtd) and three other Directors and Dream World Leisures Ltd have settled a matter over shareholding out of court.

The settlement with other shareholders was part of the move to pacify all parties in the case.

The settlement which was reached among the shareholders was later entered as a consent judgment dated February 13 2023 in Suit No: FHC/L/CS/29/2021 between Wale Mesioye, Lt. Col Paul Obi (Rtd), Felix Oyakhomoh, Raymond Wilcox 5 Others on one part and UFC, Wemtab and Jude Atoh on the other part; wherein parties reached an amicable settlement and have accordingly resolved all differences in peace as Co-Investors in the Company Dreamworld Leisures Ltd.

Also, from documents made available, the court case in I.D /17030C/2021 between the Federal Republic of Nigeria vs Felix Oyakhomoh, Wale Mesioye, Lt. Col Paul Obi (Rtd) and Raymond Wilcox has been struck out as parties resolved and adopted reconciliation measures and Alternative Disputes Resolution.

As part of the terms of agreement, the parties agreed that all allegations labelled against Wale Mesioye, Lt. Col Paul Edor Obi (Rtd), Felix Oyakhomoh, Raymond Wilcox and Jude Atoh before the Economic and Financial Crime Commission (EFCC) were not tenable, and therefore, were false, untrue and not a reflection of the reality of the situation at hand then.

To that effect, the parties have subsequently withdrawn all the court cases and petitions in the spirit of the amicable settlement of all issues/ matters amongst the Co-Investors in Dreamworld Leisures Limited.

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The company’s Directors/ Shareholders have since gone back as a family and have moved on with the process of winding down the business as the issues involved were internal disagreement and not fraud as was reported by the media.

ENDS***

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Gov. Sule, Others Pay Tributes As Ex-DSS Director Buried In Kaduna

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By Israel Bulus, Kaduna

Gov. Sule Abdullahi of Nasarawa State has paid glowing tributes to Mr James Garba, a late former director of the Department of State Services, who was laid to rest in Kyari, Jaba Local Government Area of Kaduna State.

Sule, who was represented by his deputy, Dr Emmanuel Akabe, described the deceased as a man who lived a life of godliness, modesty and charity.

“There are special people in our lives who never leave us, even after they are gone, and such fittingly describes late James Garba.

“He was always rendering assistance and showing concern for others, without expecting praise or reward in return,” he stated.

In her tribute, wife of the deceased, Hadiza Garba, said her late husband was a humble man who always put the needs of others before his own.

According to her, she will remember her husband for his moral standards, integrity and intelligence which he stood him out a rare gem.

On her part, his eldest daughter, Dr Deborah Usman, instilled in her and her siblings the virtues of tolerance, honesty and the love of Christ.

Usman pledged to honour her late father’s memory by sustaining his legacy of peace, faith and love for community.

For Rev. John Hayab and Dr Bagat Job, Northern CAN chairman and ECWA president respectively, Garba would be remembered for his laudable contributions to the sustenance of peace in Ham land.

Also speaking, the Kpop Ham, Dr Danladi Maude, was a remarkable patriot who left an indelible mark on the lives of those who knew him.

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Represented by Bello Shamaki, the district head of Daddu, the traditional ruler noted that Garba lived an exemplary life worthy of emulation.

Garba died on February 20 at the age of 81 after a brief illness.

He was a pioneer staff of the Department of State Services who worked as part of the security detail of two past presidents before retiring in 1994.

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Breaking: Governor Fubara Calls For Dialogue With Rivers Assembly Speaker Amaewhule

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In a pivotal development in Rivers State politics, Governor Siminialayi Fubara has extended a formal invitation to the Speaker of the State House of Assembly, Martins Amaewhule, and other legislators for a strategic meeting at Government House, Port Harcourt.

The invitation, issued by the Office of the Secretary to the State Government, signifies the first time Governor Fubara has officially addressed Amaewhule as the Assembly’s Speaker.

The letter, dated 7th March, acknowledges an earlier correspondence from the governor on 5th March, in which he confirmed receipt of the Supreme Court’s ruling.

According to the invitation, Governor Fubara has directed that Speaker Amaewhule and his fellow lawmakers attend this meeting to discuss key legislative and administrative matters that affect the state’s governance.

These include:
Providing a Functional Legislative Space: Ensuring that the State House of Assembly has a suitable venue for its sittings remains a priority, as legislative proceedings are fundamental to governance.

Resolving Unpaid Allowances and Remuneration: The issue of outstanding salaries and allowances for lawmakers is expected to be addressed, which could ease tensions and foster cooperation.

Presentation of the State Budget: Budgetary discussions will be central to the meeting, as the approval of financial plans is essential for the execution of government projects.

Other Vital Governance Matters: Additional topics concerning the state’s development and administrative efficiency will also be on the agenda.

The lawmakers have been requested to meet with Governor Fubara at his office on Monday, 10th March, at 10:00 a.m.

As the state watches closely, this engagement could determine whether cooperation will be restored within Rivers State’s political framework or if further discord lies ahead.

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Why I pulled out of World Bank loan, refused to borrow— Soludo

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Anambra State Governor, Chukwuma Soludo has said his administration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”.

Soludo said this while addressing members of the Late Sen. Ifeanyi Ubah Media team, who were on inspection of the ongoing Government House and Governors Lodge project in Awka on Sunday.

He said his administration had not only refused to borrow from any bank or institution but also refused to access the Federal Government loan to states in 2024.

He said that notwithstanding the development, his administration had embarked on ambitious and people oriented projects which were at various stages of completion.

According to him, it may interest you to know that Anambra is the only state that pulled out of an existing World Bank loan arrangements which was signed before I came in.

“I looked at the terms of the loan and I said it was not sustainable; it was easy to continue with it because the next generation will pay but based on the terms, it was a bad deal for Anambra.

“Last year N438 billion was distributed to 35 states, Anambra was the only state that did not take it. I need money but I cannot borrow my state into slavery,” he said.

Soludo said he was giving Anambra a permanent Government House and Governor’s Lodge 34 years after it was created, expressing regret that the facilities had exited at a construction company office and outside Awka respectively.

He said that it was a magnificent project with about 34 buildings which were being built to last, such that in the next 200 years, they would still be standing like the White House in America.

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“I said we are going to break the jinx and we are doing that with the biggest and the best that somebody said is going to be like a mini city,” he said.

Soludo said he had done over 750 kilometers of roads with about 410km completed with attention to parts of the state that had not seen tarred roads since their existence.

“We have touched education, health, youth empowerment, social reorientation and bringing back our value of dignity in labour against this new get rich quick mentality that is destroying our youths.

“I told Anambra people when I was sworn in that I will show them where every Kobo they gave me is channeled,” he said.

The Leader of the Ubah media team, Mr Kamen Ogbonna, said they were impressed with what the governor was doing as it aligned with their Philosophy.

Ogbonna said it was interesting to note that Soludo had made such progress in three years without borrowing from any source.

“The magnitude of the Government House and Governors Lodge will tell you why other governors carefully avoided the project,” he said.

Nollywood stars including Steve Alajemba (Uwaezuoke) and Collins Monago who were on the trip lauded Soludo for his works and urged Anambra people to support him to continue the good job as they prepared for Nov. 8 guber. (NAN)

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