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French Court Orders Seizure of Three Nigerian Jets over Brawl Between Chinese Firm, Ogun Govt

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A French court has authorised the seizure of three presidential jets linked to the Federal Government of Nigeria, according to PREMIUM TIMES report.

Two of the jets, part of the Nigerian presidential air fleet, were recently put up for sale, while the third, an Airbus 330, was purchased by Nigeria but not yet delivered.

The seizure of the presidential jets is a result of an application by Zhongshan, a Chinese company whose export processing zone management contract was revoked by the Ogun State government in 2016.

An independent arbitral tribunal chaired by the former President of the UK Supreme Court awarded Zhongshan about $74.5 million in compensation, but the Ogun State government, which has a dispute with Zhongshan, has yet to honour the award.

The Federal Government is facing this backlash over an action taken by one of its subnationals with which Zhongshan has a business dispute.

The seized presidential jets include a Dassault Falcon 7X at Le Bourget airport in Paris, a Boeing 737, and an Airbus 330 at Basel-Mulhouse airport in Switzerland. All are currently undergoing maintenance. The Nigerian government reportedly paid over $100 million for the Airbus.

The court order prohibits the movement, sale, or purchase of the jets until Zhongshan receives the awarded $74.5 million. Bailiffs have served papers for each aircraft.

The Nigerian government is yet to comment on this development.

The confiscation of the planes follows the recent seizure of Nigerian-owned buildings in Liverpool, England, by a UK court in relation to the same dispute with Zhongshan. The properties against which Zhongshan secured charging orders are located at 15 Aigburth Hall Road, Liverpool and Beech Lodge, 49 Calderstones Road, Liverpool, estimated by the company to be worth between £1.3 and £1.7 million.

The Ogun State government and Zhongshan have been locked in a long-drawn battle over the management of an export processing zone in the South-west state.

On 29 June 2010, Zhuhai Zhongfu Industrial Group Co Ltd, the parent company of Zhongshan, and the Ogun Guangdong Free Trade Zone (OGFTZ) entered into a framework agreement on the establishment of Fucheng Industrial Park within the zone. The agreement gave Zhuhan the right to develop and run Fucheng Park within the zone.

The Nigeria Export Processing Zones Authority registered Zhongfu International Investment (NIG) FZE, a subsidiary of Zhongshan, as a free trade zone enterprise within the OGFZ in 2011. The Ogun State government later appointed Zhongfu as the interim manager/administrator of the zone.

But in July 2016, Zhongfu alleged that the Ogun State Government moved to terminate its appointment, and appoint another manager for the free trade zone.

Zhongfu then launched an investment treaty arbitration against Nigeria, citing the bilateral investment treaty between the People’s Republic of China and Nigeria.

On 26 March 2021, an arbitral tribunal issued a final award of $55,675,000 in addition to an interest of $9.4 million and costs of £2,864,445 payable by Nigeria to Zhongshan.

PREMIUM TIMES learned that afterwards, the federal government repeatedly pleaded with the Ogun State Government to amicably resolve its dispute with Zhongshan but still no settlement was reached.

Source: Premium Times

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Tunde Bakare Celebrates Legacy Year, Thanks God @70, Launches New Book

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By Temidayo Adewole

November 11, 2023, marked a significant milestone in the life of Pastor Tunde Bakare, the Serving Overseer of The Citadel Global Community Church, as he celebrated his 70th birthday. The day was filled with gratitude, praise, and festivity, reflecting the pastor’s life of service, leadership, and dedication to God’s kingdom.

The celebration began with a heartfelt thanksgiving service at The Citadel Global Community Church. The sanctuary was packed with members of the congregation, dignitaries, family, and friends, all gathered to honor Pastor Bakare’s life and legacy.

As the service commenced, Lady Evangelist Yinka Alaseyori led the congregation in soul-stirring worship, setting the tone for a spirit-filled celebration.

Afterwards, the Bible reading was taken by Fisayo Bakare, one of the daughters of the Pastor Bakare.

The likes of  Former Governor of Awka Ibom Victor Ata, Former Governor of Ekiti State, Kayode Fayemi, Former governor of Ogun State, Olusegun Osoba, Mr Jimi Agbaje, Professor Ibe kachuwku and many others paid glowing tributes to the birthday boy.

A short documentary of the life of Pastor Tunde Bakare was broadcast for the guests just as relatives, close friends and more special guests Pastor including Governor of Lagos State, Mr. Babajide Sanwo-Olu, Wife of the President, Senator Oluremi Tinubu, Bishop Wale Oke, and Pastor Paul Adefarasin. They separately highlighted Pastor Bakare’s contributions to nation-building, leadership, and community development, acknowledging his unwavering commitment to serving God and humanity.

There was also prayers for the Celebrant by Pastor Oladele, Bishop Wale Oke and Rev. Dr Babajide.

There was afterwards the unveiling and launching of the Celebrant book titled “The Last But Definitely Not the Least” led by the Governor of Lagos State, Mr. Babajide Sanwo-Olu and the Governor of Ogun State,  Prince Dapo Abiodun, assisted by other dignitaries.

The vote of thanks was given by the Celebrant, Pastor Bakare, who reflected on God’s faithfulness throughout his life, sharing personal testimonies and experiences that highlighted his journey.

In his words (My father has 22 children and I am the 22nd and I’m the only one alive with 22 grandchildren).

He also said (I was trained by 3 Generals In the ministry, Pastor Kumuyi Taught me Holiness, Pastor Adeboye taught me about Faith) He emphasized the importance of gratitude, humility, and service, encouraging the congregation to remain steadfast in their faith.

After the thanksgiving service, guests proceeded to the church’s event center for a grand reception. The atmosphere was filled with joy, laughter, and warmth as friends, family, and well-wishers gathered to celebrate Pastor Bakare’s life.

The reception featured a cake cutting ceremony, gift presentations, musical performances by renowned highlife artist King Sunny Ade. and photo exhibitions showcasing Pastor Bakare’s life and ministry. Dignitaries, including politicians, business leaders, and clergy, took turns to felicitate with Pastor Bakare, praising his selfless service and leadership.

Pastor Bakare’s family members, including his children and grandchildren, presented a heartfelt tribute, expressing their gratitude for his love, guidance, and example.

In his response, Pastor Bakare thanked God, his family, and the church for their unwavering support. He reiterated his commitment to serving God’s kingdom, emphasizing that his life’s work was far from over.

As the reception drew to a close, Pastor Bakare was surrounded by loved ones, basking in the joy and appreciation of a life well-lived.

The 70th birthday celebration of Pastor Tunde Bakare will be remembered as a testament to his enduring legacy, a life marked by faith, service, and dedication to God’s kingdom.

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Quality Service Delivery: Bowen’s VC Commends Globacom’s Strides

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Globacom has received commendation from the Vice Chancellor of BOWEN University, Iwo, Osun State, Professor Jonathan Oyebamiji Babalola, for consistently delivering digital services to the university over the years.

This acclamation was made by Professor Babalola during a business meeting in his office at the University of Iwo in Osun State, when he hosted a team from Globacom’s Enterprise Business Group.

The VC conveyed how much he enjoyed working with Globacom and encouraged the company to keep up its uninterrupted services to the academic community.

In order to help the university fulfill its mission of creating better products and advance the frontiers of academic development, he also asked Globacom to support BOWEN University through a number of CSR initiatives.

Speaking at the meeting, Adeniyi Odejobi, the Enterprise Business Lead, Globacom, said that the company has been a major telecommunications service provider in Nigeria, providing telephony and digital solution services for millions of people across the country as well as enterprises, small and medium-sized businesses, large corporations, public sector organizations, and universities. It is also a digital solutions company.

According to Adeniyi, Glo has been at the forefront of revolutionary changes in Nigeria’s telecommunications sector for more than 20 years and is largely to be commended for democratizing the use of telephones and telephony services across the country over the years. “Because of Globacom, every Nigerian today can afford a telephone line”, he noted.

According to Adeniyi, Globacom also evolved a good number of innovations that have aided revolutionary developments in the Nigerian telecom sector, such as Globacom’s fully owned international submarine cable, Glo 1.

In order to advance the university, Adeniyi urged it to deepen its collaboration with Glo in order to offer digital services such as Glo LMS, Toll-Free Data, and Mobility services.

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Henrietta Ugboh Becomes Independent Non- Executive Director As Owanari Duke Retires from UBA Board

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director.

The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria.

UBA’s Group Chairman, Tony Elumelu, CFR commenting on the appointment, said, “Henrietta Ugboh brings a track record of professional success, integrity and leadership, which will further strengthen the UBA Group Board, underlining once again the Group’s commitment to robust corporate governance.”

Ugboh holds a degree in Economics and Statistics from the University of Benin, an MBA from ESUT Business School, and is an alumnus of the Harvard Business School’s Executive Management Program. She has over 30 years experience in banking with Citibank and is an Honorary Senior Member of the Chartered Institute of Bankers of Nigeria and a Fellow of the Institute of Credit Administration (FICA).

Elumelu added that with her considerable experience and expertise, which includes commercial banking, credit, and risk management, the UBA Board is delighted to welcome Mrs Ugboh to the Group Board, “We look forward to her invaluable contribution to the Group, as we continue to execute our unique growth strategy across Africa and globally.”

The Board also announced the retirement of Mrs. Owanari Duke, an Independent Non-Executive Director, who joined the UBA Group Board in October 2012.

During her tenure, Mrs. Duke provided distinguished leadership, serving on Committees of the Bank including the Board Governance Committee, Board Audit, Governance, Nomination & Remuneration Committee, Board Credit Committee, Finance & General Purpose Committee and Statutory Audit Committee.

On behalf of the board, Mr. Elumelu expressed UBA’s deep appreciation to Mrs. Duke for her dedication and significant contributions to the Group, wishing her the best in her future endeavour.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than forty-five million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London, Paris and Dubai, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and related banking services.

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