Niger Delta

Nwuche Sues GTB Over N300m Share Loss

Published

15 years ago

June 27, 2011

Former Deputy Speaker of the Federal House of Representatives, Prince Chibudom Nwuche, has sued Guaranty Trust Bank (GTB) in a High Court in Port Harcourt for damages resulting from losses of his equity shares totaling N300 million acquired in 2008, through WSTC Financial Services, the second defendant.

In suit number PHC/2026/2010, brought before Justice Boma Diepiri, the former Deputy Speaker is claiming the sum of N250 million as special and general damages, as a result of negligence and unprofessional manner the bank handled the transaction leading to collapse in claimants’ investment.

Prince Nwuche is also seeking the court to put a perpetual injunction on the bank from recovering any purported debts arising out of the margin facility.

A breakdown of claims by the Deputy Speaker shows that he is seeking N100 million for his equity contribution and N150 million for general damages.

According to Prince Nwuche’s counsel, George Stevenson, his client is seeking to mitigate his losses over an equity shares acquired from the court.

Barrister Stevenson told the court that his client was miffed by the selling of the shares in 2008 during stock crash without due consultation by the bank.

He argued that the 1st defendant had put its financial interest above that of the claimant as it failed to protect the interest of the claimant.

Worried with the bank’s action, Prince Nwuche told the court that he had written to them in 2008 but they went ahead to sell the shares in November 2008 despite his protest.

He claimed that the bank sold the shares at a net loss compelling him to liquidate the facility after his contribution has been eroded.

However, after the first mention of the case on Wednesday Justice Boma Diepiri adjourned the matter till 25th July for a pre-trial conference between the parties.

Niger Delta

Oborevwori Launches Medical Outreach For Children With Special Needs

Published

2 days ago

February 16, 2026

The Tide

The Wife of Delta State Governor, Mrs. Tobore Oborevwori, has launched a free medical outreach for children with special needs in Delta South.

The event, which attracted scores of caregivers, medical professionals, and government functionaries, took place at Dom Domingos College, Warri.

It was organised by the governor’s wife’s pet project, “You Matter Charity Foundation”, in partnership with the State Ministry of Health.

In a speech at the event, Oborevwori said the initiative sought to promote public awareness about autism and other notable infants’ developmental conditions.

She said the programme also aimed ”to eliminate stigma and encourage inclusion of persons living with disabilities.”

According to her, the outreach is structured to cover the state’s three senatorial districts.

She noted that the programme took place earlier in Ughelli, Delta Central, where beneficiaries received medications and assistive devices, including educational materials to support learning among children with special needs.

Oborevwori, who thanked residents and local government chairmen in Delta South for their cooperation, also commended the Commissioner for Health, Dr. Joseph Onojaeme, and medical teams for their dedication to the success of the programme.

She admonished parents and caregivers to continue to show patience, compassion, and understanding towards children with special needs.

The Tide’s source reports that health workers from the ministry and Primary Healthcare Development Agency participated in the programme.

In her remark, the Director-General of the foundation, Mrs. Lawrentta Ogbedo, said the outreach would reduce financial pressure on families that have children with special needs.

She underscored the importance of early diagnosis and consistent medical attention for such children.

The Chairman of Warri South LGA, Mr. Isaac Agbateyiniro, thanked the governor’s wife for the initiative, and described her kind intervention as ”timely and beneficial to struggling families”.

Also, the Chairman, Post Primary Education Board, Mr. Samuel Mariere, applauded the foundation’s effort in extending support to children with special needs in society.

Mariere said the programme had provided hope and practical support to many households.

The source reports that the event featured free medical consultations and treatment for children.

Also, health experts delivered talks on autism awareness, care strategies, and social acceptance.

Participants were also enlightened on the legal protections against discrimination for persons with disabilities.

Other highlights included the distribution of wheelchairs, medications, and assistive materials, among other items, to the beneficiaries.

Niger Delta

UniCal Commits To Nursing Education Dev In C’River

Published

2 days ago

February 16, 2026

The Tide

The Vice Chancellor, University of Calabar (UniCal), Prof. Offiong Offiong, has reiterated the institution’s commitment towards supporting the growth of nursing education in the state.

Offiong, who made the statement recently in Calabar when members of the Basic Nursing and Midwifery Sciences Certificate Affiliation Committee visited him in his office, said as a federal university located in Cross River State, the institution would remain committed to the development of the state and the wellbeing of its residents.

The Vice Chancellor said UniCal would strategically collaborate with the state government to ensure improved healthcare education, professional training and standards.

“I commend the state government for expanding nursing institutions, this development has stimulated youth interest in health-related careers.

“We shall revisit the affiliation process to ensure compliance with national and international academic standards,” he said.

Offiong continued that curriculum review, adequate academic staffing and strict quality assurance measures would be given priority attention in the process.

He urged the state government to provide logistics support to students undertaking clinical postings in health facilities.

Leader of the delegation, Dr. Henry Ayuk, congratulated Offiong on his appointment as the Vice Chancellor of the university.

Ayuk, who’s also the Commissioner for Health in the State, commended the university for its contributions to the growth of the health sector.

He said the Bassey Otu-led government was committed to deepening collaboration with the university in order to strengthen nursing education and healthcare delivery.

The team leader expressed optimism that the partnership would boost professional training, institutional development and healthcare outcomes in the state.

Niger Delta

Agency Demolishes Illegal Roadside Structures In Delta N8 by … Clears Street Traders

Published

2 days ago

February 16, 2026

The Tide

The Delta State Capital Territory Development Agency has commenced the removal of illegal roadside structures and street traders across Asaba.

The enforcement drive targeted areas where traders and makeshift stalls have taken over roads, walkways and drainage channels.

Speaking during the exercise, the Director-General of the agency, Mr. Patrick Ukah, said the action was necessary due to the growing safety concerns caused by unchecked roadside trading.

Ukah said the action formed part of a broader urban renewal programme aimed at improving sanitation, reducing traffic congestion and enhancing road safety.

He noted that the activities had disrupted traffic flow and exposed motorists and pedestrians to avoidable dangers.

According to him, the agency’s action is not directed at individuals but aimed at restoring order and enforcing existing regulations.

Ukah warned that the agency would not tolerate activities that deface the capital or threaten public safety.

He reaffirmed the agency’s commitment to maintaining a clean, safe and orderly capital, saying a well-managed Asaba remains vital to the image of the state and its development.

Urging affected traders to relocate to approved government markets across the city, Ukah said the operation would continue and might be extended to other locations if violations persist.

Major locations affected include Akpu Junction, Marble Hill Junction, and the Arcade near Ogbeogonogo Market.

The Tide’s source reports that in addition to dismantling illegal structures, the agency intensified sanitation efforts along major roads.

Special attention was given to the Mammy Market and Traffic Light axis of Asaba to sustain cleanliness.

The agency’s Head of Environment, Mr. Isaac Nwosu, said the teams would ensure compliance and prevent a return of illegal roadside activities.

Nwosu called on residents and traders to support the agency by adhering to environmental regulations.