Business
Afribank Former Chairman Wants Corruption Charges Quashed
A former Chairman of Afribank Plc, Osa Osunde, last Tuesday prayed a Federal High Court in Lagos to quash charges of corruption preferred against him and seven others.
The Economic and Financial Crimes Commission (EFCC) is prosecuting Osunde and the others over the alleged abuse of the office, banking malpractice and money laundering to the tune of N55 billion.
The others include a former Managing Director of the bank, Sebastian Adigwe.
They were accused to have conspired and granted loans without adequate collateral.
The EFCC also charged them with failure to take reasonable steps to ensure that the account books of Afribank, now Mainstream Bank, as at May 31, 2009 gave a true picture as required by the Central Bank of Nigeria.
At the resumed hearing of the case on Tuesday, Osunde’s counsel, Mr Peter Ode, told the court that his client was not linked with the charge.
He said that his client was a non-executive director of the bank and was not connected with the day-to-day running of the bank.
Ode said that Osunde, should, therefore, not be held liable for anything that went wrong with the bank’s daily activity.
“It is clear from the processes filed by the prosecution that my client was wrongly lumped as an executive manager of the bank,’’ he said
He prayed the court to discountenance the additional proof of evidence filed by the prosecution on the grounds that it was filed after the accused persons’ pleas were taken.
“We are saying that the additional proof of evidence is incompetent, abuse of court processes and should be struck out,’’ he submitted.
However, the prosecution counsel, Dr Chukwuma Ekwenme, said that the prosecution did not have to bring all materials that would form the proof of evidence at the time of filing the charge.
Justice John Tsoho adjourned the case till April 17 for hearing in all pending applications
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
Business
NIS Ends Decentralised Passport Production After 62 Years
Business
FG To Roll Out Digital Public Infrastructure, Data Exchange, Next Year
-
Sports4 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports4 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports4 days ago
NPFL club name Iorfa new GM
-
Sports4 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports4 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports4 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports4 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension