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Billionaire Femi Otedola Swims In Messy N54 Million Fraud….

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Billionaire businessman, Femi Otedola, is enmeshed in a N54 MIllion scandal which has already landed him at Lagos High Court. Court papers at our disposal suggests that Oteldola, chairman of Zenon Oil and Forte Oil rented out a property belonging to another billionaire mogul, Chief Bode Akindele to Dr. Anthony Solomon, MD of Pharmacare Ltd, without following due process. The property in question is situated at 268C, Kofo Aboyomi Street, Victoria Island, Lagos. Solomon, according to court papers, is alleging that Otedola got him to part with N54 Million to sublet the property to him under the pretense that he was the actual owner of the house and also under the guise that Akindele was in the know of the arrangement. The story , however , changed sometime in July 2011 when he uncovered that Akindele was not aware of the sublease :”Sometime in July ,2011, the claimant (Dr. Solomon ) discovered that the 1st defendant (Madandola) nineteen (19) months after the bank drafts were issued to the 1st defendant . The claimant subsequently discovered that the 1st defendant remitted only the sum of N8,000,000.00 (Eight Million naira) to the 2nd defendant and fraudulently withheld the remaining sums without remitting same to the 2nd defendant as rent for the property having collected the sum of N45, 000,000.00 from the claimant. Solomon disclosed all that and more in his statement of claim filed before the court by his Lawyer, Anthony Onwaeze of Doyin Rhodes-Vivour and Co Chambers. Consequently, he is asking for, among other things, that the High Court of Lagos mandates Otedola to restitue him for “General Damages against the 1st defendant (Zenon Oil) in the sum of N50, 000,000.00 for breach of contract ; interest on the sum of N24, 000, 000.00 paid to the 1st Defendant which funds withheld by the 1st Defendant foe 19 months at the rate of 21% per annum being loss of interest that would have accrued on the funds. Backing up his claims with a litany of receipts used for the payment as well as photographs of renovation work done on the property, the case , with suit No. LD/491/2009, will sure take a better shape in days ahead.

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IBEDC records 1,459 energy theft cases in January, February

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The Ibadan Electricity Distribution Company said it has recorded 1,459 cases of energy theft by its subscribers between January and February 2024.

This was disclosed in a press statement signed by the firm’s Chief Key Accounts Officer, Mr. Johnson Tinuoye, on Tuesday.

IBEDC added that it is actively pursuing investigations and legal actions against individuals and businesses involved in the theft in collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences.

Identifying the cases, IBEDC said they included various offences such as meter bypass and illegal meter tampering, which resulted in significant financial losses amounting to hundreds of millions of naira for the company.

The statement read, “We want to send a clear message to our customers that energy theft will not be tolerated. Our collaboration with the Federal Government Special Investigation and Prosecution Task Force on Electricity Offences underscores our commitment to ensuring a fair and just electricity distribution system.

“Energy theft not only undermines the integrity of our operations but also deprives IBEDC of the revenue necessary to provide quality services to our customers.”

Tinuoye emphasised that under the Electricity Act, energy theft is now recognised as a criminal offense, carrying severe penalties including imprisonment stressing, “In the Osun region, two individuals were apprehended for stealing energy through meter bypass and illegal connections. Their cases have been formally charged in court for prosecution.”

IBEDC further urged customers to refrain from engaging in any form of energy theft, emphasising that the consequences can be severe, as there is no room for negotiation with the SIPTEO Task Force team, which is actively patrolling and investigating instances of energy theft for prosecution.

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Copyright Breach: NCC Drags MTN, Others To Court Over Musician’s Works

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The Nigerian Copyright Commission (NCC) has filed criminal charges against MTN Nigeria Communications Ltd. and four others over alleged copyright infringement.

The charge with number FHC/ABJ/CR/111/2024 filed in the Abuja Division of the Federal High Court was obtained by journalists on Monday.

News Agency of Nigeria (NAN) reported that the four other defendants in the case include the chief executive officer of MTN Nigeria, Karl Toriola; Nkeakam Abhulimen, Fun Mobile Ltd.; and Yahaya Maibe.

In the three-count charge, NCC alleged that the defendants, between 2010 and 2017, “offered for sale, sold and traded for business’’, infringed the musical works of an artiste, Maleke Idowu Moye, without his consent and authorisation.

The commission alleged that the defendants used musical works and sound recordings of Mr Maleke with subsisting copyright as caller ringback tunes without the authorisation of the artiste.

The musician’s musical works and sound recordings allegedly infringed upon included 911, Minimini-wanawana, Stop Racism, Ewole, 911 instrumental, Radio, Low Waist, and No Bother.

The defendants were also alleged to have distributed the musical works to their subscribers without authorisation, thereby infringing on the rights of the artiste.

In the third count, the defendants were alleged to have in their possession, other than for their private or domestic use, the artiste’s musical works and sound recordings.

According to NCC, the alleged offences are contrary to and punishable under section 20 (2) (a) (b) and (c) of the Copyright Act, Cap. C28, Laws of the Federation of Nigeria, 2004.

The case has yet to be assigned to any judge, and no date has been fixed for the mention.

Meanwhile, no official statement has been released by any of the defendants as at the time of filing this report, while all efforts to get reactions from MTN by New Telegraph proved abortive.

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LASG, LCC ANNOUNCE REOPENING OF LEKKI CONSERVATION CENTRE AFTER REPAIRS

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Following the completion of extensive routine maintenance works on the Lekki Conservation Centre (LCC), the Lagos State Government and the Management of the Centre have announced that the Walkway will be reopened for public use with effect from Friday, 29th March 2024.

The Special Adviser to the Governor on Tourism, Arts and Culture, Mr. Idris Aregbe confirmed this on Friday during a visit to the Centre in Lekki alongside some officials of the Ministry.

Aregbe said that he was happy to see that all repairs and renovations on the facility, including the Walkway, have been completed and would be accessible for tourism during the Easter celebration.

The Special Adviser appreciated Lagosians and tourists across the world for their patience during the thorough maintenance works carried out at the Centre in Lekki.

The Director-General of the Centre, Prof Mathew Onoja also appreciated the State Government for its intervention following the viral video, which first circulated in December as well as the swift response and efforts towards making the repairs and renovations seamless.

He noted that the Centre being a major tourism asset in Lagos State has played host to tourists from all over the world as it offers a serene environment for nature tourism and also boasts of the longest canopy walkway in Africa.

Recall that the facility has been undergoing routine maintenance since January following apprehensions arising from the damaged section of the Canopy Walkway, which had been repaired before the viral video was posted on social media platforms.

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