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N207M DEBT: GTB URGES HIGH COURT TO DISMISS EX. OYO STATE GOVERNOR RASHEED LADOJA’S BOND

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Guaranty Trust Bank (GTB), yesterday 7th of December, urged a Federal High Court, Lagos, south west Nigeria, not to grant a Bond application filed before the court, by the former governor of Oyo State, Rasheed Adewolu Ladoja, as a security over his property, which the court had granted a leave of protection to the receiver/manager. 
The  presiding Judge  Justice Rilwan Aikawa had on October 5, 2017, granted leave of protection to the receiver/manager Mr. Olamide Owolegbon, appointed by the GTB to take possession of a property belonging to Ladoja, pending the determination of a debt recovery suit filed against him and his company.
  
GTB in a bid to recover an alleged debt of N207, 150, 761. 46 million, had dragged Ladoja alongside his company, Hi-Nutrient International Limited before the court. 
At the resumed hearing of the matter today, Ladoja’s lawyer, Chief Bolaji Ayotunde (SAN), told the court of Ladoja’s application dated November 29, 2017, filed before the court.
In the said application, Chief Ayorinde urged the court for an order granting leave to Ladoja, to provide a security bond in favour of the Court’s Chief Registrar in the sum of N207, 150, 761. 46 million the alleged debt , pending the determination of the suit. 
Ladoja also sought an order of the court deeming the bond of  N207, 150, 761. 46 million, issued by the UBA in favour of the court’s Chief Registrar, Lagos,  and an order directing GTB to vacate Ladoja’s property together with buildings and appurtenances thereon, situated at 57,Oscar Ibru way, Apapa, Lagos.
Ladoja also sought an interlocutory injunction, restraining the receiver/manager, Olumide Owolegbon, his agents, servants, privies, workmen howsoever, from selling or disposing off the said property. 

 Ayorinde (SAN) also stated that the property was a security and alternative security has been provided ,while court decides merits or demerits of the case, it is to secure and to preserve the money they are demanding for. 
Ayorinde (SAN), therefore urged the court to grant his clients’ application. 
Responding, GTB lawyer, Barrister Temiloluwa Adamolekun, while urging the court to dismiss  Ladoja’s application, said the order that the defendants are seeking for is for court to upturned his earlier order made on October 5, 2017.
He contended further that the suit is not one where bond can be issued as the reliefs sought by the bank are not to claim any money from the defendants.
The action is strictly for the court protection over Receiver /manager appointed by the bank, Adamolekun told the court that Bonds are usually posted where there is a claim for money, adding that the reliefs he sought for are declaration, while the suit is about a protection of the receiver /manager appointed by the bank over a mortgaged property. In addition Mr Owolegbon is not court appointed Receiver/manager as the duties of the Receiver/manager are dedicated and based on the Tripartite Deed of legal Mortgage, his deed of appointment by statute.

Consequently, the contents of the exhibit attached to Ladoja’s application are false and at variance with the reality of the proceedings and the order of the court.  There is no judgement sum anticipated by the bank in this suit by virtue of the reliefs sought by the defendants,consequently the bond is not relevant to the suit, the application is misconceived.
He added, that since the defendants filed the bond application, they have failed to talk to the bank about the loan, and that what the defendants traded for was the property not money. 

Mr Adamolekun also stated that the defendants’ Bond if granted, will robbed the court of its jurisdiction. He therefore urged the court not to grant the application.Justice Rilwan Aikawa, after listened to the submissions of the counsel of both parties, adjourned  till
December 15, 2017 for ruling. 
It will be recalled that Justice Aikawa had on October 5, granted GTB’s application to appoint Olamide Owolegbon, as its receiver/Manager, on Ladoja’s property located at 57, Oscar Ibru way Apapa, Lagos, due to unpaid debt of N207, 150, 761. 46 million, pending the domination of the substantive suit.
   
The judge, also made an order restraining the defendants and the Directors of the company and their agents from frustrating the receiver Manager from exercising all the powers vested in him to perform his duties.

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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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