Reps wade into Oando, Ansbury ownership rift, summon SEC DG

Reps wade into Oando, Ansbury ownership rift, summon SEC DG

By Gifted naija   September 21, 2017   No comments:

The House of Representatives Committee on Capital Market and Institutions yesterday waded into the ongoing controversial ownership tussle between Oando Oil Plc and Ansbury Investments over the ownership structure and share values of Oando Oil Plc.

Following this intervention, the committee, led by Tajudeen Yusuf, has summoned the Director-General (DG) of the Security and Exchange Commission (SEC), Munir Gwarzo, to appear before it next week Tuesday and provide detailed information on the controversy.

In a letter with reference No. HOR/CCMI/0050/17/9 and addressed to the Commission’s DG on September 19, the Deputy Chairman of the committee, Tony Nwulu (PDP, Lagos), who signed the letter, cited media reports regarding the said controversy over the share values and ownership structure of Oando as being contested by one Mr. Gabriele Volpi of Ansbury Investments against Mr. Wale Tinubu, Group Chief Executive Officer of Oando Oil.

Stating the need for parliamentary intervention using the needed details being sought, the committee in its letter made available to journalists in Abuja noted with dismay, the protests that characterised the company’s recent annual general meeting in Uyo, and the number of petitions forwarded to it by concerned individuals and groups within the capital market sector of the economy.

“You may also recall the various petitions before the Annual General Meeting (AGM), protests and counter-protests during the event in Uyo, Akwa Ibom State on September 11, 2017 and the unsavoury details emanating therefrom.

“Arising from the above, the committee has been inundated with petitions from far and wide by the concerned public, stakeholders, shareholders, investment and analysts.

“In cognisance of our oversight responsibility and the need to restore investors’ confidence in the company, we are mostly strongly constrained to invite you and your management to appear before the House Committee on Capital Market and Institutions on Tuesday, September 26, 2017 by noon prompt…” the letter read.

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Church member duped me of N4m posing as house agent – Woman tells court

Church member duped me of N4m posing as house agent – Woman tells court

By Gifted naija   December 19, 2015   No comments:

A 66-year-old woman, Bimbo Shoremekun, on Friday narrated to a Gudu Upper Area Court, Abuja how she was allegedly duped of N4 million by a church member who posed as house agent.
Shoremekun gave the account at the resumed trial of the “purported’’ house agent, Mary Nenger, 40, on charges of cheating preferred against her by the Police.
The complainant (Shoremekun) who was being examined by the Police prosecution lawyer, Stephanie Abieyuwa, said that she met Nenger through one Chike Indigbo and discovered she was her church member.
“I needed a house to rent and Indigbo told me that the defendant was in charge of a house situated at Ontario Street, Maitama, Abuja‎.
“The defendant claimed that the owner of the house resides in America and she has the mandate to rent it out.
“We agreed on a rent of N4 million per annum and she told me to pay for two years.
“She said that I can renovate the house to my taste and that I even have the option to buy the house if I so wish and have the money.
“I paid the defendant N4 million through her lawyer, one Barrister Dayo on Dec. 5, 2014 and was issued with a receipt.
“I felt assured and have no doubt in paying the money because the defendant is from my church,’’ Shoremekun told the court.
The complainant, who resides at Colorado close, Maitama Abuja, said she started suspecting foul play when she discovered that Indigbo who introduced her to the agent was an ex-convict.
“From my findings, I discovered that Indigbo has just being released from Kuje prison and he was convicted for duping a client.
“I was also told that Indigbo and the defendant are working as a syndicate.
“I later found out that the defendant used my money to buy herself a car and also rented an apartment at Suncity Estate, Abuja,’’ she said.
Shoremekun said she confronted the defendant when she could not gain access to the property.
She said she called the lawyer that she was no longer interested in the property and they should refund her money.
Shoremekun said that the defendant confessed to the crime and wrote an undertaking to pay her the money on or before April 15.
She said that when all the efforts she made to recover her money from the defendant proved abortive, she reported the case to the police.
Meanwhile, the judge, Alhaji Umar kagarko, has adjourned the case till Jan. 8, 2016 for cross-examination of the witness and tendering of exhibits.

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