Arbitration
Obudu contract debt: Appeal court reserves judgment against Cross River
The Abuja division of the Court of Appeal has reserved judgment in the appeal filed by a private firm, Zedici Capital Ltd, against the Cross River State Government over a N3.8 billion contract debt. The appellant, Zedici Capital Ltd, is the firm that remodelled the Obudu Mountain Resort in Cross River State, now a subject of litigation. The three-member panel of the Court of Appeal, headed by Justice Peter Ige, reserved the date after counsel to the parties had adopted their legal submissions for and against the appeal, that is challenging the judgment of a High Court of the Federal Capital Territory (FCT), which had in 2019, refused to affirm the arbitral award to Zedici Ltd over its investment of N3.8 billion in the resort. Justice Ige announced that a date for the judgment would be comm...
South African long jumper gets four-year ban for anti-doping violation
Olympic long jump silver medallist Luvo Manyonga is set to miss the Tokyo Games after being banned for four years for a second anti-doping rule violation, the Athletics Integrity Unit (AIU) said on Friday. The 30-year-old South African’s ban has been backdated to Dec. 23, when he was provisionally suspended, and he will be eligible to compete again from Dec. 23, 2024 – meaning he will also not be eligible for the 2024 Olympics in Paris. Manyonga, who was previously banned for 18 months over the presence of methamphetamine in a sample, was charged with an anti-doping rule violation for missing a test on Nov. 26, 2019, and two filing failures in April and October last year. World Athletics rules define any combination of three missed tests and/or filing failures within a 12-month period as a...
EFCC: Top government officials involved in illicit financial flows
The Economic and Financial Crimes Commission (EFCC), has accused Nigerian leaders and top government officials of aiding the Illicit Financial Flows (IFF) activities in the country. The EFCC also revealed that corrupt government officials and their private sector collaborators used fronts and ownership structures that do not provide sufficient information about the true identities of the natural persons behind the title to hide illicit money and transferred same to safe havens abroad. The Executive Chairman of the EFCC, Mr. Abduralsheed Bawa, disclosed this during a one-day conference that was organised by the Civil Society Legislative Advocacy Centre (CSLAC) on IFF on Corruption in Arbitration in Abuja Bawa, who was represented by the Head of Research Unit, Department of Policy Research a...
Tyson Fury: I will still fight Anthony Joshua this year
Tyson Fury has insisted that he still intends to fight Anthony Joshua this year despite committing to a trilogy fight against Deontay Wilder in July. Only last weekend, Fury announced that his much-anticipated heavyweight showdown with Joshua would take place in Saudi Arabia in August. Soon afterwards, however, Wilder won an arbitration hearing which ruled that Fury was contractually obliged to fight him for a third time. Fury’s first bout against Wilder came in December 2018 and ended in a controversial draw. In the rematch last year, the self-styled Gypsy King stopped his opponent in round seven to win the WBC heavyweight and Ring magazine titles. A planned trilogy fight was initially postponed by the coronavirus pandemic, before disputes over the rescheduling saw Fury declare that he’d ...
Malabu scandal: Italian court acquits Eni, Shell of corruption
Getty Images An Italian court has acquitted Shell and Eni of corruption charges in the $1.1 billion OPL 245 deal in Nigeria. Marco Tremolada, the judge, delivered the decision on Wednesday. Italian prosecutors had alleged corruption in the deal while campaigners said the Nigerian government was short-changed. After years of trial, the court in Milan has now determined that Shell and Eni are not guilty of the the charges. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
WTO chief: ‘Safe Schools Initiative’ to stop abduction of students
The Director-General of the World Trade Organization (WTO), Dr Ngozi Okonjo-Iweala, on Wednesday expressed hope that the ‘Safe Schools Initiative’ will help stop the incessant abduction of students across Nigeria. Nigerian women on Wednesday came out en masse to welcome Okonjo-Iweala in her first homecoming since she became the director-general of WTO, during a visit to the Ministry of Women Affairs in Abuja. Addressing the crowd which included Senators and members of the National Assembly, former Ministers, wives of former governors, women in the Armed Forces, women societies, female political aspirants, Civil Society Organisations, as well as students, Okonjo-Iweala expressed deep concern about the incessant abduction of girls and boys in schools. The WTO boss who noted that it is shamef...
Australia’s competition chief claims victory after Facebook standoff
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause. The Australian government made late changes to the laws after Facebook last week blocked news content in Australia, escalating a dispute over the proposed legislation and catching international attention. The amended legislation is expected to pass the Senate this week, despite opposition from some minor opposition parties and independent politicians who argue it disadvantages smaller news companies. Rod Sims, the chairman of the Australian Competition and Consumer Commission (ACCC), told Reuters the bargaining power imbalance he was tasked with correcting...
CAF clears Ahmad Ahmad for presidential elections
The Confederation of African Football president Ahmad Ahmad has been cleared to contest the body’s elections, scheduled for March 12. The Malagasy official was handed a five-year ban and fined $200,000 by Fifa in November for breaching its code of conduct. Among the allegations levelled against the 61-year-old were offering and accepting gifts, abuse of office and misappropriation of funds, which he has denied. Ahmad subsequently appealed the decision of the world governing body at the Court of Arbitration for Sport and got a temporary respite last month. Cas restored the Malagasy to his post as president of Caf and explained a final decision will be taken before the Caf elections. Following the ruling, Caf’s Governance Committee met to deliberate on the matter and cleared Ahmad to contest...
OPL245 scandal: Coalition urges World Bank group not to protect oil giants
A World Bank affiliated group may scuttle Nigeria’s bid to successfully prosecute illicit funds associated with the controversial OPL 245, a coalition of international anti-corruption groups has said. The post OPL245 scandal: Coalition urges World Bank group not to protect oil giants appeared first on TODAY. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
FIFA favours Patrice Motsepe for CAF presidency
FIFA have asked three candidates to back South Africa’s Patrice Motsepe in the upcoming Confederation of African Football (CAF) presidential election, a source close to one of the candidates told AFP. The previous incumbent Ahmad Ahmad was banned for breaches of FIFA’s ethical code, but has had the ban suspended by the Court of Arbitration for Sport. World body FIFA are keen for a fresh start in Africa, the source said. Motsepe is a South African mining billionaire and owner of reigning domestic champions Mamelodi Sundowns. According to the source, Augustin Senghor of Senegal and Ahmed Yahya of Mauritania are open to the idea of backing Motsepe and becoming vice-presidents themselves. Jacques Anouma of Ivory Coast would be offered a roll as advisor to Motsepe. “Motsepe is FIFA’s preferred ...