News
Court Freezes Firm’s Accounts Over N24.9bn Debt
Justice A.I. Akobi of the High Court of the Federal Capital Territory has frozen bank accounts linked to TAK Logistics Limited, TAK Agro PLC, and their director, Thomas Etuh, over alleged debts totaling N24.9 billion.
The court on Monday granted the interim order following an ex parte application filed by Mofesomo Tayo-Oyetibo, (SAN), on behalf of Keystone Bank Limited.
The order made by Justice Akobi includes a Mareva injunction restraining the defendants from accessing or dealing with any funds, shares, dividends, or other financial instruments up to the disputed amount.
In the ruling, the court also directed all banks and financial institutions holding accounts operated by the defendants to preserve the funds and to file affidavits within seven days, disclosing the balances and providing relevant bank statements.
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The judge also barred the defendants from transferring, selling, or otherwise disposing of any movable or immovable property pending the resolution of the matter.
Furthermore, the court granted an application for substituted service on the third defendant, Thomas Etuh, allowing Keystone Bank to serve court documents via courier or by posting them at his last known address.
The court ordered that,“The defendants, their directors, agents, privies, or representatives are hereby restrained from withdrawing, transferring, dissipating, or otherwise dealing with funds, shares, dividends, or any other financial instruments up to the sum of N24,934,741,718.91, or any part thereof, in any bank or financial institution.”
In addition, the court ordered immediate compliance by all affected banks and financial institutions, including a requirement to preserve any funds tied to the defendants and submit full account disclosures: “Within seven days of being served with this order, each bank or financial institution shall file an affidavit stating the balances in all accounts held by the defendants, along with relevant statements.”
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The court said that the order applies to accounts associated with the defendants, including those linked to the Bank Verification Number (BVN) 22273745073.
The interim order will lapse seven days after it is served unless extended by the court.
Consequently, the matter was adjourned till July 22, 2025, for further hearing.
News
Edo NLC Crisis: Caretaker Committee Drags Rival Exco, Govt To Court
The division in the Edo State Council of the Nigeria Labour Congress (NLC), took a new dimension on Wednesday as Prof. Monday Monday Lewis Igbafen-led caretaker committee approached the National Industrial Court of Nigeria, Benin Judicial Division, seeking to affirm its authority and restrain a rival executive from parading itself as the council’s leadership.
Joined in the suit are the Edo State Government, the Commissioner for Labour and Productivity, and the Attorney-General and Commissioner for Justice.
In a suit marked: NICN/BEN/12/2026, and filed before the court in Benin, the claimant, Igbafen, acting for himself and on behalf of the NLC Caretaker Committee in Edo State, is challenging the continued occupation of the union’s secretariat and control of its assets by members of the Bernard Egwakhide-led factional State Executive Council.
READ ALSO:Edo NLC Divided Over May Day Celebration
The claimants are asking the court to declare that the caretaker committee (Igbafen-led faction), constituted on August 11, 2025, by the NLC national leadership, remains the only lawful authority to administer the affairs of the Edo State Council pending fresh elections.
They further seek a declaration that the continued occupation of the NLC secretariat located at No. 1 Teboga Road, Benin City, as well as the retention of union assets, financial records, and official instruments by the defendants, is illegal and void.
The suit also prays for an order of perpetual injunction restraining the defendants from parading themselves as officials of the NLC Edo Council or interfering with the functions of the caretaker committee.
In addition, the claimants are seeking a mandatory order compelling the defendants to immediately hand over the secretariat, vehicles, financial documents, cheque books, and all other properties belonging to the union.
READ ALSO:JUST IN: NLC Begins Meeting With ASUU, Other Unions Over Strike
The caretaker committee further urged the court to restrain the state government and its officials from interfering in the internal affairs of the union, alleging undue support for the dissolved executive.
The claimants further demand N50 million as general and exemplary damages against the defendants for alleged unlawful usurpation of office and acts prejudicial to the administration of the council.
According to court documents made available to our correspondent, the crisis followed the dissolution of the Edo State Council by the NLC National Executive Council on February 27, 2025, over allegations of misconduct, anti-union activities, and constitutional violations.
However, the matter has yet to be assigned a hearing date.
News
Transfer: Premier League Clubs Scramble For Dele-Bashiru
Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.
Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.
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La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.
The 24-year-old has two years left on his contract with the Serie A club.
The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.
He has been a regular feature for Lazio this season.
News
Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses
The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.
DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.
A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.
READ ALSO:Xenophobic Attacks: Oshiomhole Tells FG To Retaliate Against South African Companies In Nigeria
“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.
“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.
“This contradiction will no longer be tolerated,” the statement said.
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