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Amaechi’s loyalists delighted over faction’s victory at Supreme Court

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The All Progressive Congress in Rivers State loyal to the Transportation Minister, Rotimi Amaechi, on Tuesday celebrated the Supreme Court’s decision to strongly criticize an appeal filed by Igo Aguma in July 2020.

Reacting to the decision of the apex court, the Spokesman for the Amaechi faction of the APC in the state, Chief Ogbonna Nwuke, in a statement titled, ‘We have been vindicated’, praised the apex court’s decision, saying it was a welcomed development.

Nwuke said the development was a pointer that Aguma’s declaration as a Caretaker Committee Chairman of the APC in the state was in error from basic laws without any further additional assumptions.

Aguma was declared the CTC chair of the APC in the state by a Rivers State High Court in June 2020, a development the Amaechi camp rejected.

The statement reads in part, “The truth has surfaced. The truth is that Hon. Igo Aguma did not have the legal standing to declare himself as chairman. It also shows that the presiding judge who planted Igo Aguma as chairman of the Caretaker Committee erred in law in coming to that decision.

Also Read: 40-Year-Old Bawa Appointed by Buhari As New EFCC Chairman

“We have always known that Igo Aguma and his co-travellers had the aim of wasting the time of the court. We are glad that the Supreme Court has seen through the antics of the pro-Abe group and consequently thrown out the matter.”

Meanwhile, Igo Aguma, CTC chair of Senator Abe’s faction, reacting to the development in a statement signed by his media adviser, Livingston Wechie, pleaded with party supporters to remain calm.

In addition, Aguma said that the appeal that was struck out was already withdrawn by his council for being statute barred, being a pre-election matter.

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crimewatch

Three construction workers kidnapped in Ondo

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Nigerian Police

Three construction workers have been kidnapped along Ikaramu-Akunnu Akoko in Akoko North West Local Government Area of Ondo State on Tuesday evening by some unknown gunmen.

The workers whose name has not yet been revealed were working at the ongoing rehabilitation of Ikaramu-Akunnu road when the hoodlums struck.

When contacted, the Public Relations Officer of the state police command, Mr Tee-Leo Ikoro, confirmed the incident, saying an investigation had commenced into it.

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“Our men are already in the area to rescue the victims,” the PPRO stated.

The traditional ruler of Ikaram, Oba Andrew Momodu, in a reaction, confirmed that the workers were kidnapped after they closed for the day’s job.

According to him, the hoodlums struck when the expatriate contractor handling the project had just left with his policemen.

The monarch appealed for more security men to comb the forest for a rescue operation.

Similarly, the Alauga of Auga Akoko, Oba Samuel Agunloye, added, “The incessant kidnapping and other criminal acts are now worrisome in the area.”

It was gathered that the Divisional Police Officer in charge of Okeagbe Akoko, Mr Ade Akinwande, has led other officers to search the forest in a bid to rescue and release the victims.

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Business

Airtel signs $500m loan with Bank of America, others

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Airtel signs $500m loan with Bank of America, others

Airtel Africa has announced the signing of a new $500m loan facility with a group of relationship banks to partially refinance the group’s €750m Euro-denominated bond (c.$880m) due May 20, 2021.

In a statement signed on Wednesday, by its Group Company Secretary, Simon O’Hara, the banks that participated in the facility include, Bank of America, BNP Paribas, Citibank, HSBC, J.P. Morgan, Standard Chartered Bank, and two Indian relationship banks, Axis Bank and Kotak Mahindra Bank.

O’Hara said the new committed facility consisted of a combination of a revolving credit facility and term loans with tenor of up to four years.

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He stated that the balance of the Euro-denominated bond would be repaid with existing group cash to reduce gross debt and associated interest costs.

“The new loan facility further strengthens the core liquidity of the group,” the group said in the statement.

The telecommunication company also said it had prepayment flexibilities that would allow the group to optimize the efficiency of its capital structure with the free cash flows and cash receipts anticipated over the next 12 months, following the recent announcements related to tower sales and mobile money minority investments.

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Entertainment

Reigning Mrs. World, Caroline Jurie resigns, runner up takes over

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Reigning Mrs. World resigns, runner up takes over

The reigning Mrs World, Caroline Jurie, has resigned her title, the organization running the pageant, said late on Tuesday, weeks after she was involved in a controversy at the Mrs Sri Lanka event.

I stand proud today, knowing that I stood up for what is right. I believe the Mrs World Crown stands for a purpose,” Jurie wrote in a statement shared on her Instagram page.

She continued: “I know Mrs World Inc. does not condone malpractices. Therefore, wearing the Mrs World crown and holding the title on unfair grounds go against the purpose of ensuring a fair and equal stage for every woman.”

” Hence, I am stepping down from the title of Mrs World 2020 and I am handing over my Mrs World 2020 Crown. I hereby terminate the Mrs World 2020 contract I entered into on November 4, 2019, with Mrs World Inc.”

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Jurie was arrested and released on bail this month after a fracas at the Mrs Sri Lanka pageant in Colombo, where Jurie forcibly removed the winner’s crown, claiming the other woman was a divorcee and not qualified to win the title.

“Her voluntary resignation decision was made solely by Caroline herself,” Mrs World Inc said late on Tuesday, in a news release on social media.

Jurie was not immediately reachable for comment.

Kate Schneider of Ireland, the runner-up in the 2020 contest which Jurie won, will be the new Mrs World 2020, the organization said.

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