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Cristiano Ronaldo Wins Legal Battle Against Juventus, To Be Paid £8.3m

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Juventus have reportedly been ordered to pay Cristiano Ronaldo £8.3million after losing an arbitration case to their former player.

Back in September, Ronaldo – who now plays for Saudi side Al-Nassr decided to take legal action against Juventus over unpaid wages during the Covid-19 pandemic.

The Portuguese forward wanted to be paid £17million, the net amount that he was promised by the club when he agreed to defer his wages during lockdown.

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Juventus players agreed to defer four months’ worth of their salaries in March 2020 and April 2021 as the club were struggling financially, which was never received.

The Italian side also failed to report these deferred wages – known as ‘salary manoeuvres’ on their financial statements.

According to Gazzetta, the arbitration tribunal, however, ruled that Ronaldo and Juventus share responsibility over the matter and ordered the club to pay half of the deferred wages.

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The 38-year-old left Juventus in August 2021 after spending three seasons at the club, where he scored 101 goals in 134 appearances in black and white.

The veteran forward now plays for Saudi side Al-Nassr and was recently sent off for violent conduct during their 2-1 defeat against Al-Hilal.

The 39-year-old, who was shown a yellow card in the first half for unsportsmanlike conduct, appeared to throw his elbow at Al-Hilal’s Ali Al-Bulaihi in the second half as the five-time Ballon d’Or winner attempted to take a quick throw-in. He was shown a red card for the assault.

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Bauchi Commissioner Gifts 3 Students Cash For Prompt Resumption, Ability To Read

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The Bauchi state Commissioner for Education, Dr Jamila Dahiru, on Thursday, gave a cash gift of N5,000 each to three Senior Secondary II students of Government Science Secondary School, Misau for their determination to succeed in Education.

Two of the students, Adamu Adamu, Mustapha and Haruna impressed the commissioner for their presence in school in the first day of resumption while Abdullahi Musa marvelled her for his reading ability and comprehension.

According to the commissioner, the gesture was to appreciate their determination to learn as well and motivate other students to emulate them.

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READ ALSO: “They Chase Me I Dey Chase Dream,” Portable Hints On June US Tour

While paying a courtesy visit to the Emir of Misau, Alh. Ahmed Sulaiman, the commissioner disclosed that the Bauchi State government was working with stakeholders from the Misau Emirate to fine-tune modalities of temporarily accommodating the students of Federal Science Technical College, Misau at its Science Secondary School Misau.

She said the college made the request in a letter to the ministry stating that the facility given to them could no longer accommodate their students population, hence the resolve to convene the stakeholders meeting to fine-tune ways of sharing the facility for the betterment of the state.

READ ALSO: FG, States, LGs Share N1.2tn In May

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She disclosed that government science secondary school Misau, one of the best in the state in terms of befitting facilities has the capacity to accommodate up to five thousand students, but currently houses about three hundred students.

She appreciated the Emir for his continued support to programmes and policies of the government with more emphasis on the education sector.

Speaking on behalf of the Emir and other stakeholders, a retired Director with the Ministry, Muhammad Musa, expressed gratitude to the Commissioner for the honour and promised to assemble critical stakeholders from the emirate so as to arrive at an acceptable decision for the benefit of all and sundry.

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NDIC Obtains Order To Wind Down 96 Microfinance, Mortgage Banks

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The Nigeria Deposit Insurance Corporation has said that it has obtained Winding up Orders for 96 out of 183 microfinance and primary mortgage banks whose licenses were revoked by the Central Bank of Nigeria in May 2023.

The Managing Director, NDIC, Bello Hassa, revealed this at a sensitisation seminar for Judges of the Federal High Court in Lagos on Thursday organised by the NDIC, to enlighten the judiciary on the intricacies of the banking industry.

Hassan said, “As at date, the Corporation had obtained Winding up Orders for 96 out of 183 Micro Finance and Primary Mortgage Banks whose licenses were revoked by the CBN in May 2023, in less than one Year of revocation.”

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READ ALSO: FG, States, LGs Share N1.2tn In May

He added that the NDIC was committed to fulfilling its mandate of protecting depositors through bank supervision, failure resolution and liquidation so as to boost confidence in the financial system.

Speaking on the role that the judiciary plays in the fulfillment of the mandate, Hassan said, “We recognise the judiciary as one of our critical stakeholders. With this, when cases are brought before them, they can receive accelerated hearing and proclamation of Justice.”

Citing some of the achievements from previous editions of the seminar, Hassan said that instances where liquidation-related litigations experienced delays were reduced.

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JUST IN: 36 Speakers Back State Police

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Speakers of the 36 Houses of Assembly in Nigeria on Thursday expressed support for the National Assembly’s ongoing efforts to alter the 1999 constitution to create state policing in the country.

The Speakers made their resolution known at the end of their meeting in Abuja.

The Senate and House of Representatives are currently working to amend various constitutional provisions, including those regarding state police, financial autonomy for local government, fiscal federalism, and mayoral status for the FCT.

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READ ALSO: Military Declares Nigerien Terrorist Wanted For Zamfara Killings

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