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Princess Toyin Kolade Asks Court To Clear Her Name In $32million Fraud Case

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Top businesswoman and Iyalaje Oodua, Princess Toyin Kolade has began moves to clear her name and that of her company in an alleged $32million fraud case.

The amiable society lady who has consistently declared her innocence since the story broke has instructed her lawyers to file application seeking to quash criminal charges which is being heard by Justice Peter Lifu of Federal High Court, Lagos.

Her lawyer, Mr Dele Adesina SAN had filed a motion before the court asking the court to quash the charge preferred, against the Princess Kolade who is the 7th and her company, Fisolak Global Resources, the 10th Defendants/Applicants. In the alternative, he seeks the court to strike out the names of the 7th and 10th defendants in the charge for the following reasons:

According to the learned silk, the Charge and the proof of evidence failed to disclose any prima facie case and/or link or connect the 7th and 10th Defendants/Applicants to the commission of the alleged offences charged.

The Police Investigation Report Issued by the Commissioner of Police, Police Special Fraud Unit (PSFU), Force Criminal Intelligence and Investigation Department, Annex, Lagos which formed the basis of the Criminal Prosecution did not implicate the 7th and 10th Defendants/Applicants in any way or form.

The Police Investigation Report sufficiently cleared the 7th and 10th Defendants/Applicants from the commission of the alleged offences.

The 7th Defendant/Applicant is a clean, clear and responsible personality in the Society and it will be unfair and unjust to drag her name and that of her Company (the 10th Defendant/Applicant) doing a lawful business into a criminal trial for offences they know nothing about.

The essence of this objection is to terminate the proceedings without this Honourable Court dissipating unnecessary energies to consider this unworthy and fruitless matter as it relates to the 7th and 10th Defendants/Applicants.

The justice of this case demands that the names of the 7th and 10th Defendants/Applicants be struck out from the charge.

The 7th and 10th Defendants/Applicants shall rely on the charge together with all other processes, Statements, Reports and documents filed by the prosecution in this case for the hearing of this application.

In a 24 paragraph affidavit deposed to by Abdul-Malik Abdul-Mutalib, a lawyer in Adesina’s law firm, the defendants have been doing clearing Business at the NPA for many years without any blemish or stain whatsoever. “The Defendants/Applicants are Natural and Corporate Citizens doing honest, lawful and responsible clearing business with sustained credibility in Nigeria.

In this particular case, the defendants averred that they were never privy or parties to the loan application, negotiation and agreement as they were not the parties that applied for the facility granted by either the Access Bank or the FCMB, neither were they beneficiaries at any point in time of the said facilities.

He averred further that the defendants were contacted by the eighth defendant, Metal Africa Steel Products to clear their goods it imported. The consignment bears the name of Metal Africa Steel Products Limited (the 8th Defendant) as the Consignee of the goods to be cleared, and by the ordinary course of business, the name of the consignee must be processed in the Pre-Arrival Reassessment Report (PAAR).

“Form C 16 titled “The Combined Certificate of Value and Origin” (CCVO), which is invoice number CF/96954 of 7th April, 2016 confirms the name of the 8th Defendant as the Consignee of the Steel Billets.
The consignment did not bear the Name of Access Bank Plc or any bank at all. The usual trade practice in clearing business at the Port Authority is that if a consignment is in the name of a Bank, no clearing agent or person has the right/power to clear such consignment without express order or authorization of such Bank as the consignee.

Since the documents were not in the name of the bank, there is no way the 7th and 10th Defendants could have known. Indeed there is no way any clearing agent would have known it belonged to a bank.

He therefore urged the court to grant the prayers saying that “the whole essence of the Administration of Criminal Justice System is to prosecute genuine suspects and or offenders and not to persecute the Innocent such as the 7th and 10th Defendants/Applicants. “the purpose of justice would be defeated if the 7th and 10th Defendants/Applicants are compelled to stand trial in this case for offences that the 7th and 10th Defendants/Applicants know nothing about and for which indeed there are no links connecting the 7th and the 10th Defendants/Applicants to the commission of the alleged offences”.

The office of the Attorney-General of the Federation (AGF) had dragged Princess Kolade, her company, Fisolak Global Resources Limited, and nine others before the court on charges bordering on Conspiracy, Obtaining by false pretence and fraud of $32 million USD.

Other defendants in the charge are; four India Nationals, Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi and two Britons, Marcus Wade and Andrew Fairie, said to be at large.

Also, four companies: Metal Africa Steel Products Limited, Wilben Trade Limited, Fisolak Global Resources Limited and Kannu Aditya India Limited, were also charged before the court on the alleged offences.

 

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CAN Tackles Shariah Council Over Call to Remove INEC Chair Amupitan

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The Christian Association of Nigeria (CAN) in the 19 Northern states and the Federal Capital Territory (FCT) has rejected the call by the Supreme Council for Shari’ah in Nigeria (SCSN) seeking the removal of the Chairman of the Independent National Electoral Commission (INEC), Professor Joash Amupitan.

The Shari’ah Council, earlier this week, demanded the immediate removal and prosecution of Amupitan, as members of the Council questioned his integrity over a legal brief in which he reportedly acknowledged claims of persecution constituting genocide of Christians in Nigeria.

Reacting to the development in a statement on Thursday, the Chairman of Northern CAN, Reverend Joseph John Hayab, and the Secretary General of Northern CAN, Bishop Mohammed Naga, questioned the motive behind the demand, asking who was sponsoring the call and why such interests are hiding behind the platform of a religious body.

Describing the call as a dangerous attempt to politicise religion and undermine a critical national institution, Hayab stressed that Professor Amupitan has a constitutional right to freedom of religion, adding that expressing concern over challenges faced by his religion does not amount to bias or disqualification from public service.

He also pointed out that many Muslims who had served in key government positions in the past had troubling religious antecedents, yet were not subjected to similar scrutiny, urging national actors to prioritise competence and national interest over sectarian sentiment.

Hayab, who warned that the controversy further reinforces concerns about persistent religious discrimination against Christians in Nigeria, particularly in appointments to sensitive national offices, recalled that the two immediate past INEC chairmen were Muslims from Northern Nigeria, and warned against narratives suggesting that only adherents of a particular religion are qualified to lead the electoral body.

“Anyone hiding under the guise of the Shari’ah Council to demand the removal of the INEC chairman over political or sectarian interests should come out boldly. Otherwise, the ploy has died naturally, he said.

“”Are they saying that no other religion should serve as INEC chairman except Muslims? The most important question Nigerians should ask is whether Professor Amupitan is competent or not.

That should be the focus, not his faith,” the statement added.

The association commended President Bola Ahmed Tinubu for what it described as a deliberate effort to promote national unity by appointing a Christian as INEC Chairman, despite being a Muslim.

It noted that the decision reflected statesmanship and inclusivity, similar to precedents set under the previous administration of President Goodluck Jonathan, who kept a northern Muslim as INEC Chairman against all odds.

The Christian leaders advise the Shari’ah Council to publicly identify any individual or group behind the campaign against the INEC chairman, insisting that religious platforms must not be used as “cheap cover” to pursue political interests or intimidate public officials.They, however, called on the INEC chairman not to be distracted by the controversy, urging him to remain focused on his constitutional responsibility of conducting free, fair and credible elections.

“He should concentrate on doing the right thing for Nigerians and not behave like others who openly manipulated elections in the past and now seek to remain relevant through religious blackmail,” the statement said.

Northern CAN also raised concerns about what it described as emerging signals of a coordinated political agenda ahead of the 2027 general election, citing recent comments by the Minister of Culture, Tourism and Creative Economy, Hannatu Musawa, who warned that the All Progressives Congress (APC) risks electoral defeat if it drops a Northern Muslim-Muslim ticket from President Bola Tinubu’s re-election ticket.

According to the association, such statements, when viewed alongside the sustained attacks on a Christian INEC chairman, raise legitimate questions about whether there is a deliberate effort to undermine Christian participation and confidence in the country’s political process.

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Sit-at-Home: Soludo Threatens Anambra Traders with Forfeiture of Shops

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Anambra State governor, Prof. Chukwuma Soludo,  has escalated the enforcement of his earlier directive to traders at Onitsha Main Market, warning that shops of defiant traders will be forcibly closed if they continue ignoring government orders to open for business on Mondays.

The development follows Soludo’s initial announcement on Monday, when he ordered a one-week closure of the market over traders’ persistent defiance of the state’s anti-Monday sit-at-home directive.

Addressing the situation during an on-the-spot inspection of the market this afternoon, the governor said past efforts to persuade traders had failed, and the government is now moving to a more assertive approach.

“If you deny 20% of workdays in a year, you are undermining our prosperity, job creation, and the economy. In 2022 and 2023, we fought it. In 2024 and 2025, we pleaded. But in 2026, we are shifting to gear 4, no backing down. Anyone who closes their shop, we will help them close it for one week. From next week, if they refuse to open by Monday, I will shut down the market and take over some of them,” Soludo declared.

He described traders’ repeated Monday closures as deliberate economic sabotage, stressing that the closure ordered on Monday was a protective measure for law-abiding citizens.

Security personnel, including the police, army, and other agencies, have been deployed to enforce the closure and maintain order. Soludo warned that non-compliant traders after the one-week shutdown risk a longer closure of up to one month.

The measure is part of the state government’s ongoing effort to end Monday sit-at-home practices, which have continuously disrupted economic activities across the South-East.

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ADC Appoints Oyegun, Utomi, Bugaje, Others into 50-Man Manifesto Committee

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The African Democratic Congress (ADC) on Wednesday constituted a ”50-Member Wise Men and Women Policy and Manifesto Committee” chaired by  Odigie Oyegun.

Bolaji Abdullahi, the party’s national publicity secretary, in a statement, said the constitution of the Policy and Manifesto Committee, followed the approval by the National Working Committee (NWC) of the party, led by David Mark.

The party revealed that this is in line with the party’s commitment to building a credible, people-centred, and forward-looking policy framework for national governance.

The party had earlier constituted the Committees to review membership register and draft a new Constitution for the party

According to the statement, “The Policy and Manifesto Committee brings together a distinguished group of Nigerians drawn from diverse backgrounds, including former public office holders, academics, technocrats, policy experts, civil society leaders, and professionals.

“Collectively, they represent a wealth of experience in governance, economic management, social development, security, and democratic reform.

“The committee will be chaired by former Senate President, Chief John Odigie-Oyegun, with Professor Pat Utomi serving as Deputy Chairman, while Salihu Lukman will serve as Secretary.

The committee is tasked with the responsibility of articulating a clear, coherent, and credible policy direction that reflects the aspirations of Nigerians and positions the ADC as a serious alternative platform for responsible leadership and national renewal.

“The formal inauguration of the committee has been scheduled for Monday, February 2, 2026, at 12 noon, at the Conference Hall of the ADC National Secretariat, Abuja.

“The African Democratic Congress reaffirms its belief that Nigeria’s challenges require ideas rooted in competence, integrity, and national consensus, and expresses confidence that the committee will deliver a manifesto that speaks to the real needs of Nigerians.”

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