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Honeywell Defeats Ecobank Plc In Final Judgement

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The Honeywell Group today emerged victorious in its protracted legal dispute against Ecobank with the judgement delivered by the Federal High Court, Lagos in which the court held that Honeywell’s payment of N3.5 Billion between 2013 and 2014 constitutes the full and final settlement of its indebtedness to Ecobank Nigeria Limited.

According to the judgement delivered by Justice Olayinka Faji, a valid agreement was reached at various meetings between representatives of Honeywell and Ecobank on the 22nd of July, 2013 and in line with this agreement, Honeywell made payments to the Bank in order to settle its indebtedness. However same could not be said of Ecobank who rather than keep to the terms of the Agreement, sought to introduce new terms.

The court further held that all through the course of the instalmental payments being made by Honeywell, Ecobank did not at any time raise any objections to the payments. The amount now being claimed by the bank was not at any time mentioned in the meetings or series of correspondence with Honeywell.

It will be recalled that Anchorage Leisures Ltd, Honeywell Flour Mills Plc. and Siloam Global Limited (all members of the Honeywell Group), in August 2015, instituted a suit before the Federal High Court, Lagos seeking the determination of whether or not the companies are truly indebted to the bank following the payment of the sum of N3.5 billion as full and final settlement of their obligations to Ecobank, based on a mutual agreement between Honeywell and Ecobank.

Testifying in court during the trial, Honeywell Group’s Head of Treasury and Finance, Oluwakemi Owasanoye told the court that by an agreement reached at a meeting held on July 22, 2013, the bank agreed to merge the collective indebtedness of Honeywell’s three subsidiaries, which amounted to N3.5billion.

Owasanoye added that part of the agreement reached with the bank was that N500million must be paid immediately, while the balance of N3billion would be paid before the exit of the Central Bank of Nigeria (CBN) examiners from the bank. According to her testimony, Honeywell complied with the terms of the agreement, and thereafter wrote to inform the bank of its compliance and the need for the bank to formally discharge the company of any further obligation. She stated that the bank in its reply to the letter did not raise any objections. Honeywell, she said, was however surprised when the bank proceeded to demand for further payments in respect of the debt which had been fully liquidated for over a year.

She further stated in her testimony that when the dispute arose, the Company referred the matter to the Bankers’ Committee which resolved the matter in favour of Honeywell.

In his own testimony, Ecobank witness, Mr Elemi Agbor, Head of Corporate Communications of the bank, while being cross examined by Honeywell’s lawyer, Mr Olabode Olanipekun (SAN), insisted that the agreement for the payment was for a two-term payment only. He said the agreement stipulates that N500million must be paid that same day and the balance later. He was however unable to substantiate his assertion before the court.

The judgement of Justice Faji gives victory to Honeywell in the protracted legal tussle which commenced in 2015.

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TRENDING: Pastor’s Wife Who Mistakenly Sends Her N*de Video To Church Whatsapp Group Attempts Suicide

Pastor’s Wife who mistakenly sent her Nude Video to members of her church using the WhatsApp texting service on mobile phones has reportedly attempted suicide out of embarrassment.

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TRENDING: Pastor’s Wife Who Mistakenly Sends Her N*de Video To Church Whatsapp Group Attempts Suicide

Pastor’s Wife who mistakenly sent her Nude Video to members of her church using the WhatsApp texting service on mobile phones has reportedly attempted suicide out of embarrassment.

‘Osofo Maame’ who has become a subject of public discussion, especially among members of the husband’s church, was reported to have tried drinking a liquid poisonous substance but for the timely intervention of family relations who have for all this while kept an eye on her after she sent photos and videos of her genitals to them.

According to information gathered by mandynews.com, the woman in her mid-30s who is nursing a 6-month-old baby intended to send the pictures to her husband who was on a trip outside the country only for it to be mistakenly land on the church group.

To her utter dismay, she reportedly realized her mistake right after pressing the send button on her mobile phone.

Members of the church group who received the photos, videos and message were shocked and outraged. They tried to call up the pastor’s wife, who wouldn’t answer. The then started quitting the group one after the other.

In two separate videos, 58 and 31 seconds respectively, she is seen facing the camera, kneeling, wiggling her waist and fondling herself concurrently.

That was after she was earlier captured in a bath showcasing her thighs among others while capturing what she was doing.

Interestingly, a child believed to be hers is heard crying in the background but the lady who appeared to be enjoying herself turned deaf ears to the child.

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Embarrassment As Twitter Deletes Minister Keyamo’s Leaked Chat With Eedris Abdulkareem

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Embarrassment As Twitter Deletes Minister Keyamo’s Leaked Chat With Eedris Abdulkareem

Embarrassment As Twitter Deletes Minister Keyamo’s Leaked Chat With Eedris Abdulkareem—-The Genius Media Nigeria reports that Twitter on Sunday deleted tweets by the minister of state for labour and employment Festus Keyamo where he leaked private conversation between him and singer Eedris Abdulkareem.

This reliable platform gathered that Part of the tweets made on Saturday night contained Eedris’ phone number.

In deleting the tweets, Twitter said the minister “violated the rules” of the platform.

Mr Keyamo had held nothing back in attacking Eedris, claiming the singer made a poor attempt at blackmailing him in his new song ‘Jaja Jaga Reloaded’.

Embarrassment As Twitter Deletes Minister Keyamo’s Leaked Chat With Eedris Abdulkareem

The minister claimed Eedris once begged to be part of the Buhari Campaign Organisation which he directed in 2018.

“In 2018, when I was named the Director of Strategic Communications for Buhari Campaign Organisation, Eedris waxed a song in support of Buhari and wanted to join us, albeit for a fee. He then made desperate efforts to see me through text messages from his phone no,” the now-deleted tweet read.

Shortly after Twitter took down the leaked chat, Keyamo tweeted: “Job done.”

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EXPOSED!!! How Kogi Governor Yahaya Bello Allegedly Misused N4.5Billion COVID-19 Funds

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Accordďing to reports SERAP GROUP, the President of the Federal Republic of Nigeria is being called upon to proble Kogi Governor who is alleged to have misused N4.5bn COVID-19 funds.

The Genius Media Nigeria gathered that Socio-Economic Rights and Accountability Project, SERAP, the public advocacy group has urged President Muhammadu Buhari to “direct the Attorney General of the Federation and Minister of Justice Abubakar Malami, SAN and appropriate anti-corruption agencies to investigate alleged misuse of the N4.5 billion donations, loans and support the Kogi State government obtained from the Federal Government, including N90,720,000 reportedly spent on software to track COVID-19 cases in the state.”

SERAP stated that “if there is relevant and sufficient admissible evidence, anyone suspected to be involved should face prosecution, as appropriate.”

In the letter dated 27 March 2021 and signed by SERAP deputy director Kolawole Oluwadare, the organization said: “Directing the Attorney General of the Federation and appropriate anti-corruption agencies as recommended is constitutional, and would be entirely consistent with your promise in your inaugural speech to ‘ensure responsible and accountable governance at all levels of government in the country.’”

SERAP quoted Buhari as promising in his inaugural speech on 29th May, 2015 that: ‘The Federal Government would not fold its arms and close its eyes to what is going on in the states and local governments. It will ensure that the gross corruption at the local level is checked. For I will not have kept my own trust with the Nigerian people if I allow others abuse theirs under my watch.’”

SERAP stated: “As you have correctly stated, the obligations of your government to combat corruption in Nigeria extend to all the three tiers of government, namely, the federal, state and local governments.”

The letter, read in part: “Although primarily a matter of concern for Kogi State, the allegations of misuse of COVID-19 funds drawn from the Federal Government have assumed such a proportion as to become a matter of concern to the federation as a whole, and therefore, to your government.”

“SERAP is concerned about growing allegations of corruption and mismanagement of public funds in several of the 36 states of the Federation, and the apparent lack of prompt, thorough, independent and transparent investigations into these allegations, allowing suspected perpetrators to frequently escape justice.”

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“Taking prompt action to probe the allegations would promote transparency and accountability, serve the common good, peace, order and good government of the federation (which includes Kogi State through the Kogi governor). It would help to enhance your government’s fight against corruption and contribute hugely to improving the public confidence and trust in your commitment to combat grand corruption.”

“We would be grateful if the recommended measures are taken within 14 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel your government to comply with our request.”

“SERAP also believes that given the history of corruption in Nigeria, especially several unresolved allegations of grand corruption involving many of the 36 state governments, your government cannot and should not look the other way regarding the allegations of misuse of COVID-19 funds involving the Kogi State government. Such allegations in any state of Nigeria are of concern to every Nigerian, and should therefore be of concern to your government.”

“Taking the recommended measures would also show that your government is concerned with the overall well-being of the federation and willing and able to enforce important constitutional principles.”

“According to our information, the Kogi governor in 2020 allegedly spent N90,720,000 on ‘COVID-19 software.’ The software was reportedly approved by Governor Yahaya Bello, for tracking COVID-19 cases and prevent the spread of the disease in the state. However, the company that developed the software has reportedly stated that it costs only N300,000.”

“The software has reportedly stopped functioning just one year after it was installed. The N90,720,000 spent on COVID-19 software is part of the N4.5 billion donations, loans and support, which Kogi State reportedly obtained from the Federal Government.”

“Ensuring the investigation and prosecution of the allegations would also be entirely consistent with the provisions of section 15 subsection (5) of the Nigerian Constitution 1999 [as amended], which requires your government to abolish all corrupt practices and abuse of power, regardless of the state where such practices are taking place.”

“Section 15 specifically defines “government” to include the government of the federation, or of any state, or of a local government council or any person who exercises power or authority on its behalf.”

“Similarly, the Attorney-General of the Federation has power, conferred on him by section 174(1)(a) of the Nigerian Constitution, and anti-corruption agencies have the powers to act on the allegations of misuse of the N4.5 billion donations, loans and support by the Kogi State government obtained, including N90,720,000 spent on software to track COVID-19 cases in the state.”

“Our requests are brought in the public interest, and in keeping with the requirements of the Nigerian Constitution; the country’s international obligations including under the UN Convention against Corruption, and the African Union Convention on Preventing and Combating Corruption, as well as your expressed commitment in your inaugural speech on 29th May, 2015 ‘to check gross corruption at the local level.’”

The letter is copied to Mr Malami; Professor Bolaji Owasanoye, Chairman Independent Corrupt Practices and Other Related Offences Commission (ICPC); and Mr Abdulrasheed Bawa, Chairman, Economic and Financial Crimes Commission (EFCC).

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