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HERITAGE BANK SUES NADABO ENERGY LIMITED OVER UNPAID $16MILLLION LOAN AS BRITISH COMPANY, TRAFIGURA BEHEER B.V GETS INDICTED

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A Federal high court sitting in Lagos South West Nigeria has granted leave to a Nigerian company Nadabo to serve court process on a British company Trafigura Beheer B V out of jurisdiction and five Nigerian companies alleged to have laundered N24billion. In a bid to recover N24billion alleged to have been laundered by a British company, Trafigura Beeher B V, a limited liability company in Nigeria Nadabo Energy Limited has dragged the said London based company before a Federal high court in Lagos.


Joined as co -defendants in the ensuing legal battle to secure court order to detain about million barrels of oil belonging to the company
are five Nigerian companies Mettle Energy &Gas Limited, Renbrant Limited, Jill Engineering and oil Services Limited, Q&Q Control Services Nigeria limited, General Marine &oil Services Limited.
In his argument before the court, the plaintiff ‘s lawyer Chief Emefo Etudo told the court that all the parties have been served, therefore there is the need for the order of the court to order all the parties to maintain status quo and an order of the court ordering the foreign party to be served.

 In his ruling ,the presiding judge, Justice Rilwan Aikawa while adjoining till
Friday for further hearing ordered all court process to be served on the defendants while status quo be maintained. In an affidavit sworn to by the Executive Director of Nadabo Energy company, Mr Reuben Etila, and filed before the court by a Lagos lawyer, Barrister,Adeola Ojo, the deponent averred that, Nadabo Energy company obtained $16million loan from Spring bank Plc to import petroleum products for onward supply to Mobil, however Trafigura Beheer B V colluded with some officials of the Spring bank Plc to steal substantial part of the money and the supply cargo now valued at N24billion from the Nadabo company, the money was received by letters of credit and converted same to multiple businesses, Shipping and crude oil lifting and 950,000 barrels of crude oil it is attempting to load this month at Exxonmobil /Esso Terminal ERHA. The crude oil belongs to the plaintiff. 

Mr Etila also averred that this fraud that killed Spring bank Plc was just discovered this year and the President and commander in Chief of the Federal Republic of Nigeria has just been petitioned for swift action, therefore it is necessary not to allow Trafigura Beheer B V  to take all her properties (crude oil ) out of the jurisdiction so that any judgement given by the court will not been in vain. 

Spring bank Plc was alleged to have died as a result of the alleged fraud as a result of this fraud Nadabo company was blacklisted from securing further loan from any Nigerian bank until it pays the money back. Heritage acquire Enterprise bank limited that acquired Spring bank Plc. Heritage bank Plc has dragged Nadabo to court. Mr Etila alleged further that the stolen assets of the company had been converted into ships and crude oil by Trafigura Beheer BV and other colluding parties and the plaintiff in this legal action is claiming title to the said laundered assets as notice of discovery was also given to the respondents this year. The company which is a foreign company upon receipt of the said notice decided to quickly move her known assets that is within the jurisdiction of this court out of the jurisdiction and vanish to Europe. 

The Nadabo company has filed an undertaking as to damages with the Deputy Chief Registrar of the court and therein depose that it will indemnify the defendants or whosoever of any damage that may be caused by making of order of injunction if it turned out that the order ought not to have been made 

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Elated Polaris Bank Customer commends Bank for excellent customer service

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Polaris BAnk

Polaris Bank customer, Ife Michael, who recently aired her concerns on X (formerly Twitter) on a school fees transaction, has commended the Bank for resolving her Complaint swiftly as promised.

 

Ife Michael tweeting via her X handle @V_Ifemichael had called out the Bank for ‘seizing’ her funds as sent from a UK University where she had sought admission.

Polaris Bank reacted promptly to her Complaint and engaged her to explain the process and promised to resolve the issue which the Bank did swiftly.

An apparently elated Ife Michael went back to the micro blogging site to recount her experience with an update on her earlier thread of how the Bank swiftly resolved her Complainant.

The Bank, according to her update “responded and reached out to explain in details the guidelines underpinning FX transaction as it relates in particular to International payment.

In her tweet, Ife Michael expressed gratitude to Polaris Bank’s swift action and transparent communication. According to her, the Bank clarified that the situation was complex but assured her that the funds would be promptly refunded to the school. And Polaris Bank did exactly as it promised as it promptly refunded the money to Roehampton University and initiated necessary processes to streamline the refund.

The engagement began when Polaris Bank’s headquarters made the first contact at 11:48 am, and by 3:41 pm on the same day, Ife Michael confirmed that the Bank had successfully refunded the funds and

fulfilled all required procedures. The Bank also took the extra step of writing to the school to facilitate the process.

This positive outcome highlights Polaris Bank’s commitment to customer satisfaction, responsive and excellent customer service, and adherence to regulatory policies. The incident not only showcases effective conflict resolution but also underscores the power of a Bank fostering transparent communication between it and her customers.

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Cristiano Ronaldo wants to leave Manchester United

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Cristiano Ronaldo and his agent Jorge Mendes held meetings with United at Carrington on Tuesday, but his position remains unchanged and he wants to play for a club in the Champions League and win major trophies. United do not want him to go, however, and Ronaldo has started training with the team having missed the club’s pre-season tour of Thailand and Australia due to family reasons.

His potential options elsewhere are limited. Chelsea are not an option anymore, while Bayern Munich and Atletico Madrid appeared to publicly rule themselves out this week. “As we’ve seen on Instagram, Ronaldo has been keeping fit, so there are no concerns from Manchester United over his fitness or physical level; he’s one of the fittest players in world football.

“Ultimately, The Portuguese forward did state his desire to leave Old Trafford, but he’s running out of options, and it seems like he’s actually going to have to stay. Perhaps he will try and swing it where the 25 per cent pay cut in his contract will be waived away by United, perhaps he wants to manoeuvre and muscle a new deal, we’ll have to wait and see. But it doesn’t look like Stamford Bridge is on his cards.

“Chelsea have distanced themselves from a deal for Ronaldo, as have Bayern Munich, Napoli and a lot of other elite clubs that Jorge Mendes, who is Ronaldo’s agent, has tried to sell him to. “An offer from Saudi Arabia is astronomical but ultimately, it does not give Cristiano Ronaldo what he wants, which is that legacy. He wants to achieve Champions League records that he thinks no one else will be able to attain in the future.

“He wants to sign off at the absolute highest level. Now, it looks increasingly like he will have to stay at Manchester United because there are no biters from the big clubs.

“Everyone has their forwards already, and Chelsea, who are the only club looking like they could actually potentially be spun by what Cristiano Ronaldo offers off the pitch because we were told that Mendes, while being in front of these clubs, was putting forward his numbers in terms of social media influence, sponsorship that he rakes in, the commercial gain of his shirt sales and stuff like that. But even they now say he is not in their plans. Their immediate aim is to strengthen the defence.

“So, that leaves Ronaldo really with not many choices. We know that he does want to be competing at the highest level so if he does go to Saudi Arabia that cuts against everything he has said and everything we actually know about him and his career.

“Manchester United have always been very calm and very comfortable. They have insisted he is not for sale, and he will see out the last year of his contract. How they manoeuvre this now going forward we’ll see, but Ronaldo is keeping fit, so they have no issues or problems or fears over what state he’ll report back to pre-season in.”

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CONVOCATION: GRACE NATION BIBLE INSTITUTE GRADUATES 120 STUDENTS

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-you must remain a good Ambassador of Christ- Chris Okafor

No fewer than 120 certified Trained Prophetic students of Grace Nation Bible Institute graduated today after they have gone through rigorous prophetic training by the best Teachers Supervised by the anointed servant of God Dr. Chris Okafor. The student was presented with their certificates at the special convocation ceremony held at the International Headquarters of Grace Nation(GBI) in Ojodu Berger Lagos Nigeria. According to the Rector of the institute, they satisfy all requirements and conditions to be awarded a diploma certificate in various fields of Prophetic and Bibles knowledge.

In his words of Encouragement, the President of Grace Nation Bible Institute, Dr. Chris Okafor remarks that he has no doubt in his mind that all the students are well-trained judging by the level and capacity of all the resource Personality who lecture them, train and retraining them to face any challenges that come there ways,
The Apostle of altars also challenged them to be a good ambassador of the school to the outside world through soul-winning to the kingdom of God.

The Generational Prophet of God also remarked that as you have all learned, you must put the name of a school in good repute and always ready to work for the Lord at any time

Some of the course covered in the 8weeks program includes Evangelism and soul-winning, spiritual development and Human Management to mention but few

The highlight of the convocation was the Presentation of Certificates to all the students, according to the Rector all the students perform excellently well

Earlier in his sermon, the Senior Pastor Grace Nation and the Generational prophet of God Dr. Chris Okafor teach on the series, ”The Covenant Day of Settlement” said settlement comes when you fulfill all the Principles of Settlement,
the man of God said nothing come free but when you applied the principles and follow it diligently you will easily get a settlement on all side

The realm of the Prophetic witnessed another higher dimension of Prophetic movement and deliverance through the Set Man, the Generational Prophet of God Dr. Chris Okafor, He visited many family altars and set many captives free, he also delivered people with blood-line diseases while delivering miracle babies to expectant mothers

The service came to a close with a special Prayer for the Set Man, the Generational Prophet of God Dr. Chris Okafor who will be making another birthday tomorrow, 4 April 2022.

 

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