Court freezes N448m assets in Keystone Bank debt recovery suit

Federal High Court, Lagos

The Federal High Court in Lagos has ordered the freezing of funds and assets valued at N448,263,172.41 in a debt recovery suit instituted by Keystone Bank Limited against five defendants.

The order was made on March 26, 2026, by Justice Chukwujekwu Aneke following an ex parte application moved by Keystone Bank’s counsel Mofesomo Tayo-Oyetibo (SAN), against Relic Resources, Olufunmilayo Emmanuella Alabi, Uwadiale Donald Agenmonmen, The Magnificent Multi Services Limited, and Raedial Farms Limited.

In his ruling, Justice Aneke granted a Mareva injunction restraining the defendants, whether by themselves, their agents, privies, or assigns, from withdrawing, transferring, dissipating, or otherwise dealing with funds, shares, dividends, and other financial instruments standing to their credit in any bank or financial institution in Nigeria, up to the sum in dispute.

The court further directed all banks and financial institutions within the jurisdiction to forthwith preserve any funds belonging to the defendants upon being served with the order.

The said institutions were also ordered to depose to affidavits within seven days of service, disclosing the balances in all accounts maintained by the defendants, together with the relevant statements of account.

In addition, the court granted a preservative order restraining the defendants from disposing of, alienating, or otherwise encumbering any movable or immovable property, including any future or contingent interests, up to the value of the alleged indebtedness.

The court also granted leave for substituted service of the originating and other court processes on the second and third defendants by courier delivery to their last known addresses.

The matter was adjourned to April 9, 2026, for mention.

According to the originating processes before the court, the suit arises from a N500 million overdraft facility granted by the claimant to the first defendant on March 28, 2023, for a tenure of 365 days at an interest rate of 32 per cent per annum.

The claimant averred that the facility, initially secured by a $200,000 cash collateral and subsequently by a mortgaged property located at Itunu City, Epe, Lagos, expired on March 27, 2024, leaving an outstanding indebtedness of N448,263,172.41 as at October 31, 2024.

In the affidavit in support of the application, the claimant alleged that the facility was diverted for personal use by the third defendant and channelled through the fourth and fifth defendant companies.

It further contended that the first defendant is no longer a going concern and has failed, refused, and neglected to liquidate the outstanding indebtedness despite several demands made between May and October 2025.

The claimant also expressed apprehension that the defendants may dissipate or conceal their assets, thereby rendering nugatory any judgment that may be obtained in the suit, and consequently urged the court to grant the reliefs sought in the interest of justice.

After considering the application and submissions of learned silk, Justice Aneke granted all the reliefs sought and adjourned the matter to April 9, 2026, for further proceedings.

Why Wike is leader of PDP faction – Sam Amadi

Director of Abuja School of Social and Political Thought, Sam Amadi, says the Minister of the Federal Capital Territory, FCT, Nyesom Wike, is a leader of the Peoples Democratic Party, PDP, not because of hierarchy but a moving force of his faction.

Amadi stated this on Monday during a live appearance in an interview on ‘Prime Time’, a programme on Arise Television.

He was speaking on the recently concluded national convention of the PDP in Abuja shortly after that of the ruling All Progressives Congress, APC.

He stressed that Bukola Saraki, a former Senate President, would concede because Wike has more political gravitas and more institutional capacity than he does.

According to him, the faction has been thriving on Wike getting things done.

“Wike tried to be smart. He tried to say, we are all leaders. But clearly he didn’t fight back not because of hierarchy.

“But again the moving force behind this brand of PDP is Wike. Former Senate President, Bukola Saraki pretend to be on the sideline and then get himself up and say, well, let’s come together. So he’s not the guy who’s driving this. Wike is the leader.

“Is it odd? Not necessarily, Saraki himself will concede that at this point, perhaps Wike has more political gravitas, more social capacity than he does, even though he’s former Senate President,” Amadi said.

2027: APC’s plan to use Wike to destroy PDP already working – Don

A Professor of Communications at Baze University, Abuja, Abiodun Adeniyi, says the plan of the ruling All Progressives Congress, APC, to use the FCT Minister, Nyesom Wike, to destroy the Peoples Democratic Party, PDP, is already working.

Prof Adeniyi made the statement on Monday while fielding questions in an interview on Arise Television’s ‘Prime Time’.

He was reacting to the national convention of the PDP held at the MKO Abiola national stadium in Abuja on Sunday.

He stated that Wike’s support for the APC and President Bola Tinubu has been there since 2023, noting that it had become more stabilised.

According to him, it appears as though the PDP will not be a factor in the 2027 general elections.

“APC’s plan to use Wike to destroy the PDP is already working. And it’s even becoming stabilized and much more sustained going into next year’s election.

“Wike has not hidden the fact that he doesn’t want PDP to present flag bearer that is potent enough to challenge President Tinubu. He is not mistaking about it that he wants to support the President,” Adeniyi said.

Easter: Lagos Chief Judge declares one-week court vacation

Chief Judge of Lagos State, Kazeem Alogba, has approved a one-week vacation for the state judiciary in observance of the Easter celebrations.

The break will run from April 3 to April 10, 2026, with full court sittings expected to resume across the state on Monday, April 13, 2026.

The directive was conveyed in a public notice issued by the Chief Registrar, Tajudeen Elias, on behalf of the Chief Judge.

According to the notice, the vacation was granted in line with the provisions of Order 49 Rule 4(b) of the High Court of Lagos State (Civil Procedure) Rules, 2019.

Despite the break, the judiciary has put measures in place to ensure that pressing cases are not delayed.

Under the arrangement, judges assigned to vacation duty will attend to urgent applications arising from cases already before them.

Matters yet to be assigned to any court will be handled by designated vacation judges.

The Chief Registrar further explained that, notwithstanding the provisions guiding the court vacation, any matter considered urgent may still be heard during the period, subject to the conditions outlined in Order 49 Rule 5 of the High Court of Lagos State (Civil Procedure) Rules, 2019.

Aiyedatiwa sacks political aides, set to appoint 1,000 aides

Governor of Ondo State, Lucky Aiyedatiwa, has terminated the appointments of all political aides in his administration with immediate effect.

The sack, disclosed on Tuesday, affects all Senior Special Assistants (SSAs) and Special Assistants (SAs) across the state.

In a statement issued by the Chief Press Secretary to the Governor, Ebenezer Adeniyan, the development was hinged as part of effort to improve efficiency and enhance service delivery within the state’s administrative framework.

According to Adeniyan, the dismissal comes before ahead of expansion of the governor’s political team, with plans to appoint around 1,000 new aides.

The statement read in parts, “In the ongoing drive to enhance efficiency and deepen service delivery, Ondo State Governor, Dr. Lucky Orimisan Aiyedatiwa, has relieved all political aides of their duties with immediate effect.

“Those affected are Senior Special Assistants and Special Assistants to the Governor. The Governor thanked them for their contributions to the development of the State thus far and wished them well in their future endeavours.

“Meanwhile, in a step to strengthen coordination and inject fresh capacity into the administration, about 1000 new aides, from across the 203 wards in the 18 local government areas of the State, will be appointed by the Governor in due course.”

Prior to the mass disengagement, the administration faced a series of voluntary resignations from some aides ahead of the 2027 general elections.

NEMA, IOM receive 145 Nigerian returnees from Libya in Lagos

The National Emergency Management Agency, NEMA, in partnership with the International Organization for Migration, IOM, has received 145 Nigerian returnees evacuated from Benghazi, Libya.

The evacuees arrived at the Murtala Muhammed International Airport at about 8:27 p.m. aboard an Al Buraq Airlines flight under the Assisted Voluntary Return programme.

This was disclosed in a statement issued in Lagos by the Head of NEMA’s Lagos Operations Office, Mohammed Olatunde.

According to him, the returnees comprised 122 adults; 46 males and 76 females; as well as 29 children, including 13 boys and 16 girls. The group also included 27 infants, made up of 17 males and 10 females.

Olatunde explained that officials of the Nigeria Immigration Service carried out biometric registration and documentation upon arrival to ensure proper identification and facilitate seamless reintegration.

He added that the returnees were provided with essential support services, including food, potable water, medical attention, and ambulance services for those in need.

Additional assistance such as luggage handling, logistics coordination, and counselling was also made available.

The agency noted that the measures were put in place to guarantee a safe, orderly, and dignified reception process for the returnees.

ASUU opposes FG-UK Coventry University campus agreement

Christopher PiwunaThe Academic Staff Union of Universities has kicked against agreements reached between the federal government and the United Kingdom on education, including plans to establish Coventry University in Nigeria.

ASUU President, Christopher Piwuna, made the union’s position known at a public lecture organised by the Academic Staff Union of Universities, Sa’adu Zungur University branch.

Piwuna described the proposed establishment of Coventry University campus in Nigeria as unacceptable, alleging that it was part of a broader agenda that could undermine Nigeria’s university system.

He expressed concern that while Nigerian students face visa restrictions to study in the UK, British institutions are seeking to operate within Nigeria.

My Brother Was Wrongly Accused of Selling Hemp at POS Stand – Sister

According to him, “They have denied Nigerians visas to study in the UK, yet they are coming here to establish universities and take our money. This is another form of colonialism, and ASUU will strongly oppose it.”

The ASUU president further alleged that some foreign universities were facing financial challenges and declining international student enrolment, prompting their expansion into countries like Nigeria.

He insisted that Nigerian universities must be strengthened internally rather than allowing foreign institutions to dominate the sector.

Piwuna also emphasised the need to preserve the committee system in Nigerian universities, warning against excessive concentration of powers in the office of vice-chancellors.

On welfare, the ASUU leader issued a four-day ultimatum to the federal government to implement the agreed new salary structure for university lecturers.

He warned that failure to meet the deadline would attract a response from the union.

“We can not continue to wait indefinitely for the implementation of the new salary structure. If at the end of this month nothing is done, they will hear from us,” he said.

In her remarks, the Vice-Chancellor of Sa’adu Zungur University, Fatima Tahir, reaffirmed the institution’s commitment to staff welfare and productivity.

She noted that the university had taken steps to implement agreements reached with the federal government and ensure that the ASUU branch was not financially indebted.

Tahir urged academic staff to reciprocate management’s efforts by remaining committed to their duties and contributing to the growth of the institution.

Former Jigawa federal lawmaker, Ubale resigns from NNPP amid political realignments

A former federal lawmaker from Jigawa State, Hon. Safiyanu Ubale, has resigned his membership of the New Nigeria People’s Party (NNPP), citing the need for political realignment in the current national landscape.

Ubale announced his resignation in a letter signed on Sunday, stating that recent developments in the country’s political environment necessitated a strategic shift to a platform better positioned to drive meaningful change.

According to him “Considering the current trajectory of the nation and the evolving political landscape which calls for strategic realignment, I find it necessary to identify with another political party that offers the best opportunity to effectively change the nation,” the letter read.

The former lawmaker, who represented his constituency at the National Assembly between 1999 and 2015 under the People’s Democratic Party (PDP), later joined the NNPP where he served in various capacities at the local government, state, and national levels, particularly in Taura Local Government Area.

Although Ubale did not officially disclose his next political destination, indications suggest he may be aligning with the African Democratic Congress (ADC).

His resignation comes shortly after reports that the NNPP’s National Leader, Rabiu Musa Kwankwaso, is also expected to defect to the ADC, a move political analysts say could signal a significant shift within the opposition bloc ahead of future elections.

Ex-deputy governor, Madumere dumps APC

Former Deputy Governor of Imo State, Eze Madumere, has officially defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP), citing the need to reposition his political engagement toward better service delivery and democratic ideals.

Madumere’s defection was conveyed in a declaration letter presented to the PDP in Imo State.

In the letter, the former deputy governor said his decision to join the PDP was driven by a desire to unite like-minded individuals to restore the democratic rights and privileges of citizens. He also pledged commitment to youth empowerment, innovation, and transparent governance.

“I believe that when the platform one stands on is no longer serving the purpose of the people, it then becomes apt to build a new one,” he stated.

“I have decided to officially inform you of my resignation from APC and my entry into the PDP. This is to enable me contribute my quota towards the development of the nation from a different perspective,” he added.

Madumere described his defection as a defining moment in his political career, noting that the move followed extensive consultations with his family, mentors, and supporters.

He expressed appreciation to the APC for the opportunities it afforded him, including serving as Deputy Governor of Imo State, and acknowledged the relationships he built during his time in the party.

However, he maintained that his exit was borne out of necessity rather than malice.

“I have come in terms with the notion that I could no longer continue to be an appendage of a party that does not reward loyalty but is frequently in the habit of disrespecting and marginalising members who have stuck their lives for the unity, progress and development of the society,” Madumere said.

According to him, internal conflicts within the APC, a loss of ideological direction, and disregard for members made it impossible for him to fulfil his promises to the people.

“Remaining there will be a disservice to the very people who once voted me as Deputy Governor of Imo State,” he said.

Plateau Govt imposes 48-hour curfew after deadly attack

Plateau State Government has imposed a 48-hour curfew in Jos North Local Government Area following a deadly security breach in Gari Ya Waye community of Angwan Rukuba.

The attack, which occurred on Sunday, March 29, resulted in the loss of several lives, while others sustained varying degrees of injuries.

Announcing the development in a press statement on Sunday, the Commissioner for Information and Communication, Rt. Hon. Joyce Lohya Ramnap, said the curfew takes immediate effect.

The statement reads in part: “the Plateau State Government in conjunction with security agencies wishes to inform the general public of the imposition of a 48-hour curfew within Jos North Local Government Area with immediate effect, commencing from 12 midnight of March 29 to April 1, 2026.”

According to the government, the measure was necessary to restore order and prevent further breakdown of law and order following the incident.

The statement added that the administration of Governor Caleb Manasseh Mutfwang strongly condemned the attack on residents.

“The government under the leadership of His Excellency, Governor Caleb Manasseh Mutfwang strongly condemns this barbaric and unprovoked attack on innocent citizens and assures the public that all necessary measures are being taken to apprehend the perpetrators and bring them to justice,” it said.

Residents were also urged to remain calm and assist security agencies with useful information.

It added, “citizens are urged to remain calm, stay vigilant, and cooperate fully with security agencies by providing any useful information that may aid ongoing investigations.”

The state government further called on residents of the affected area to strictly comply with the curfew as security agencies work to restore peace.