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Court orders Sonny Odogwu’s estate to pay N26 billion to Access Bank

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The Federal High Court in Lagos on Friday ordered the estate of the late Sunny Odogwu to pay Access Bank Plc N26 billion in compliance with a 2015 judgment.

Daniel Osiagor, the judge, dismissed the preliminary objection filed by the estate challenging the bank’s claim and the court’s jurisdiction.

The judge affirmed a 3rd November 2015 judgment of Justice Saliu Saidu in suit number FHC/L/CS/1633/14 which ordered the defendants to pay their outstanding indebtedness of N26 billion to Access Bank.

The judge invalidated a purported consent judgment in which parties in the suit agreed on the payment of N12 billion as full and final payment.

He noted that the said consent judgment was made by a court which lacked jurisdiction in the matter.

The defendants, in their preliminary objection, had argued that having taken benefit of the consent judgment, the bank could not turn around and ask the court to set it aside.

However, Access Bank said the consent judgment was flawed, in that it was delivered by a court that lacked jurisdiction to entertain it.

Kemi Balogun, counsel to the bank, said the matter had been taken to the Court of Appeal when the lower court entered the consent judgment.

Mr Balogun, a Senior Advocate of Nigeria, argued that only the appellate court had the power to adjudicate on such matters at that level.

Justice Osiagor said Mr Balogun’s argument nullified the consent judgment entered by Justice Rilwan Aikawa, on the ground that he lacked jurisdiction to grant such order.

The judge affirmed the earlier judgment of Justice Saidu, which ordered the defendants to pay their outstanding indebtedness of N26 billion.

He dismissed the N12 billion consent judgment granted by Justice Aikawa, noting that courts of coordinate jurisdiction cannot grant a consent judgment after a matter has been decided.

Justice Osiagor ordered that the payment must be less all amounts earlier paid by the judgment debtor to the bank.

He also awarded N200,000 against the defendants.

Access Bank Plc and Mr Odogwu, the Ide Ahaba of Asaba, entered into a N26 billion loan agreement when the latter was alive.

The late businessman wanted to use the facility to build luxury apartments to be known as Le Meridien Grand Towers in highbrow Ikoyi, Lagos.

The bank demanded collateral and Mr Odogwu mortgaged prime properties in Lagos, Abuja, Dubai, and Los Angeles to Access Bank, in return for the facility.

After the death of the businessman, the mortgaged properties eventually became subjects of litigation.

Trouble started when the estate of Mr Odogwu reacted angrily to a move by Access Bank to take over the uncompleted Le Meridien Grand Towers.

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Cross-River workers embark on warning strike over non-implementation of minimum wage

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Civil servants in Cross River state have commenced a strike over the non-implementation of the new minimum wage.

The Nigeria Labour Congress (NLC) and Trade Union Congress (TUC) had slated November 25 and 26 for the warning strike.

They warned that the industrial action would be followed by a total strike should the government fail to do the needful before December 1.

Bassey Otu, governor of Cross River, appealed to the unions to shelve the plan and “support the government in its quest to improve the lot of our people”.

The governor made the appeal at the 5th edition of the state solemn assembly at U.J. Esuene Stadium in Calabar.

Otu said his administration is committed to the welfare of workers.

“I appeal to the leadership of organised labour and all affiliates of the NLC and TUC to suspend their planned strike,” he had said.

“I enjoin them to support the government in the quest to improve the lot of our people.”

On July 29, 2024, President Bola Tinubu signed the minimum wage bill into law. The legislation increased the country’s minimum wage from N30,000 to N70,000.

On November 11, NLC announced November 30 as the deadline for all state governments to implement the new minimum wage.

The union ordered its members to embark on an indefinite strike in states where the new minimum wage is yet to be implemented.

However, several states have begun implementation of the new wage.

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Driver escapes death as 40ft container falls on car in Lagos

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A yet-to-be-identified driver luckily escaped death on Monday morning when a 40-foot-laden container fell onto a Toyota Camry, with registration number LSR 293 HJ, at Mile 2, en route to Apapa Ports, Lagos.

The accident, according to an eyewitness, happened at about 8 a.m.

Fortunately, the driver of the car was rescued by the prompt intervention and coordinated response of the Lagos State Traffic Management Authority (LASTMA) and other emergency services, including the Federal Road Safety Corps (FRSC) and the Lagos State Emergency Management Agency (LASEMA).

The victim received immediate medical attention after being rushed to the hospital by the joint rescue team.

Security during the operation was effectively maintained by officers from the Kirikiri Police Division, who ensured a secure and orderly environment for the emergency responders.

Following the rescue, the Toyota Camry was successfully removed from beneath the container.

As of 9.30 am, efforts to evacuate the fallen container were in full swing, while LASTMA officers managed the scene to ease traffic congestion and restore normalcy.

The General Manager of LASTMA, Mr Olalekan Bakare-Oki, reiterated the critical importance of proper container securing by truck drivers and owners.

He stressed that negligence in this regard endangers lives and property, urging strict compliance with road safety protocols to avert such catastrophic occurrences.

“LASTMA remains unwavering in its commitment to ensuring the safety and efficiency of Lagos roadways and continues to work collaboratively with relevant stakeholders to uphold traffic laws and enhance public safety,” Bakare-Oki stated.

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Lagos state government removes illegal shop extensions blocking drainage channels in Lagos Island

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The Lagos State government has cleared illegal shop extensions obstructing drainage systems and a government-provided water tap in Lagos Island.

The exercise was conducted by the Lagos State Building Control Agency (LASBCA), led by its General Manager, Arc. Gbolahan Oki.

This was disclosed in a statement issued by Adu Ademuyiwa, Director of Public Affairs at LASBCA, via the agency’s official X (formerly Twitter) account on Sunday.

The enforcement operation focused on Idi-Oluwo Street, where shop extensions had blocked critical drainage channels and access to potable water, leaving the community without essential resources.

Arc. Gbolahan Oki highlighted the adverse impacts of these illegal structures on residents, noting that several shop owners had constructed extensions over public drains and a government-provided water tap, causing significant disruptions to the area.

“In a proactive effort to ensure public safety, orderliness, and the smooth flow of traffic, the Lagos State Building Control Agency (LASBCA) has taken decisive action by removing illegal shop extensions obstructing drainage systems and community water supplies along Idi-Oluwo Street, Lagos Island.

“Leading the LASBCA Enforcement Team, the General Manager, Arc. Gbolahan Oki, highlighted the adverse impacts of these illegal structures on residents. He noted that several shop owners had built extensions over public drains and water tap, causing significant disruptions,” the statement read in part.

The statement revealed that one of the removed extensions had blocked access to a government-provided water tap, cutting off the entire community’s supply of potable water. The swift removal of these illegal structures restored water access to the affected area.

Arc. Gbolahan Oki emphasized the need for residents to respect public infrastructure and take collective responsibility for preserving community resources.

Furthermore, the statement noted that Arc. Gbolahan Oki issued a one-week ultimatum to traders at Idi-Oluwo, directing them to address the identified violations or face stringent legal consequences.

At Mankanra Market, the LASBCA team uncovered several environmental infractions, including shanties obstructing walkways, which compromised the market’s functionality and safety.

Additionally, the statement highlighted that Hon. Princess Lara Oyekan-Olumegbon, representing Lagos Island Constituency 1 in the Lagos State House of Assembly, praised LASBCA’s proactive efforts.

She urged market leaders to ensure their members adhere to state regulations on sanitation and structural integrity, warning that defaulters would face penalties as prescribed by law.

The LASBCA team also visited Bombata Market, where Arc. Oki advised market leaders to prioritize cleanliness and foster an orderly trading environment.

He assured them of a follow-up inspection within three months to confirm compliance with required standards and maintain the improvements.

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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