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The Osun State Governorship Petition Tribunal Thursday fixed judgment on a date to be communicated to parties in the petition filed by the Peoples Democratic Party (PDP) and its governorship candidate, Senator Ademola Adeleke, challenging the emergence of Isiaka Oyetola of the All Progressives (APC) in the September 2018 Osun State governorship election.

TRIBUNAL MAKES U-TURN, FIXES NEW DATE ON ADELEKE’S CASE 743ddf5b ademola adeleke 696x522

The Chairman of the tribunal, Justice Ibrahim Sirajo made the announcement after counsel to parties adopted their written addresses and made their final submissions in the .

The Independent National Electoral Commission () had declared Oyetola as winner of the September, 2018 Osun State governorship election, having scored the highest number of votes cast in the election.

However, both the PDP and its candidate, Adeleke, not satisfied with the outcome of the election had approached the Osun State Election Petition Tribunal, sitting in Abuja to declare them as winner of the governorship election in Osun State.

Yesterday’s proceedings which had in attendance, Governor Oyetola, saw both counsel in the suit urging the tribunal to aligned itself with their position and grant their reliefs sought.

Oyetola, who was dressed in a white agbada was accompanied by some officials of the state, declined to speak with the media, who sought his views at the end of the tribunal’s proceedings.

On the side of the respondents are Wole Olanipekun (SAN), counsel to Oyetola; Akin Olujinmi (SAN), APC, while Lasco Pwahomdi appeared for INEC, and Dr. Onyechi Ikpeazu (SAN), represented the petitioners.

In adopting their separate final addresses, Olanipekun, Olujinmi and Pwahomdi urged the tribunal to dismiss the petition on the grounds that the petitioners have failed to prove their case.

Ikpeazu on his part, urged the tribunal to uphold the petition and grant all the reliefs prayed by the petitioners.

Olanipekun in his argument posited that the petitioners’ final written address draws the tribunal’s attention to the futility of the petition, adding that the petitioners presented a different case from what is contained in their pleadings and reliefs sought.

According to him, the petitioners wanted the tribunal to nullify the Certificate of Return issued to Oyetola, which they said was with the second respondent, yet did not give him any notice to produce it.

He told the tribunal that based on the ruling of the presidential election tribunal in its March 6 ruling, the provision of Section 105 of the Electoral Act restricts the power of the tribunal.

The senior advocate stated that electoral jurisprudence was about proof in accordance with the law and precedence.

While urging the tribunal to dismiss the petition, Olanipekun stated that the petitioners asked for something in their petition but stated another thing in their address, adding that the petition was full of confusion.

On his part, the APC counsel, Chief Akin Olujinmi, stated that the testimonies of all the 63 polling agents called by the petitioners had no probative value.

He added that the remaining witnesses called by the petitioners have nothing to do with polling units.

Responding, Ikpeazu submitted that based on the result of the election of September 22, 2018, the first petitioner, Senator Adeleke, had satisfied the provisions of the law and ought to have been declared the winner of the election.

The senior lawyer dismissed respondents claims that the petitioners dumped documents on the tribunal, stressing that the documents were sufficiently used by witnesses called by the petitioners while testifying before the tribunal.

He stated that the petitioners tendered the pink copies of result sheets as well as the certified true copies (CTCs) of the original sheets, which were doctored, altered and mutilated and clearly showed discrepancies to the pink copies.

Ikpeazu told the tribunal that it was for INEC to defend the irregularities reported by the petitioners, adding that while the Returning Officer could not act beyond the provision of the law, the electoral body could not act outside of the provision of Section 179 of the Electoral Act.

After listening to the submissions of parties, Justice Sirajo, adjourned judgment to a date that he said would be communicated to parties.

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Abass Sulaiman Adegoke, well known as Adegoke is a student of Federal Polytechnic Ede studying Civil Engineering, He is a media enthusiast, loves traveling, and has a special interest in personal development.

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Buhari meets Dangote, Otedola, others in Aso Rock

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Buhari meets Dangote, Otedola, others in Aso Rock IMG 20190524 215018 1024x742

President Muhammadu Buhari on Friday hosted members of the Business Community and officials of the All Progressives (APC) to Iftar (Ramadan breaking of fast) at the State House, Abuja.

The News Agency of Nigeria (NAN) reports that the Secretary to the Government of the Federation, Mr. Boss Mustapha and the Chief of Staff to the President, Malam Abba Kyari were among the government functionaries at the fast-breaking event.

Members of the business community in attendance of the fast-breaking meal included Alhaji Aliko Dangote, Femi Otedola, Tony Elemelu, Alhaji Isiaka Rabiu and Chief Emeka Offor.

Others were the Chairman of the Sahara Group, Kola Adesina and the Chairman of the National Union of Road Transport Workers (NURTW), Alhaji Najeem Yasin.

The National Chairman of the APC, Comrade Adams Oshiohmole, immediate past national chairman of the party, Chief John Odigie Oyegun; the party’s National Vice Chairman, North West, Inuwa Abdulkadir and other party officials also joined the president to share the fast-breaking meal.

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Real owners of MTN Nigeria revealed

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real owners of mtn nigeria revealed Real owners of MTN Nigeria revealed screenshot2019 05 24 10 48 35

 

 

 

Last Thursday’s listing of MTN Nigeria shares on the Premium Board of the Nigerian Stock Exchange (NSE) has made it possible to identify the shareholders of the telecoms firm.

Many Nigerians believed the Nigerian government owned part of the South African firm through an unspecified equity holding by the Nigeria Sovereign Investment Authority (NSIA).
But a review of the listing memorandum filed by MTN Nigeria in support of its application for the enlistment of its shares on the NSE revealed the profiles of the shareholders of the company.
The list did not include either the Nigerian government or the NSIA. PREMIUM TIMES learnt that the NSIA investment “is very small” and could not have been listed among those of the big players.
The document dated May 15, 2018, showed 11 owners of MTN Nigeria. They own the entire 20,354,513,050 Ordinary Shares of the company valued at about N407.1 billion as at the time MTN applied to be listed.
They include the majority shareholder, MTN International (Mauritius) Limited, which has the controlling 76.08 per cent equity, or 15,485,544,050 shares valued at about N309.71 billion, and Stanbic IBTC Asset Management Limited with 9.77 per cent stake or 1,988,269,050 shares valued at about N39.77 billion.
Also included are six Nigerians, who are non-executive directors of the board. Each represents various foreign interests in the company.
Victor Odili, a Nigerian, and Chairman of Aeromaritime Group of companies, a group specialising in the maritime and oil and gas sectors of Nigeria’s economy, is a member of the board. He holds 806,886,900 shares, or 3.96 per cent interest, valued at about N16.14 billion indirectly on behalf of Hermitage Overseas Corporation.
Also, Pascal Dozie, a Nigerian and founder of the defunct Diamond Bank PLC, is the Chairman of the Board of Directors. He holds 340,409,900 shares, or 1.67 per cent equity valued at N6.67 billion, indirectly, on behalf of Celtelecom Investment Limited, NISPVLimited.

 

 

Another Nigerian, Sani Mohammed Bello, a co-founder of AMNI Petroleum, an indigenous oil and gas exploration companies, is the vice chairman of the board. He holds 265,092,150 shares (1.30 per cent equity) estimated at about N5.3 billion indirectly on behalf of One Africa Investment Limited.
Babatunde Folawiyo, a Nigerian and Chairman/Chief Executive Officer of the Yinka Folawiyo Group, holds 218,815,100 shares, or 1.07 per cent equity, valued at N4.01 billion on behalf of Universal Communications NISPV Limited.
Similarly, Gbenga Oyebode, a Nigerian and founding partner of Aluko & Oyebode law firm, represents the interest of N-Cell NISPV Limited. He holds 181,776,250 shares, or 0.89 per cent equity, valued at N3.27 billion.
Ahmed Dasuki, a Nigerian and founder of Quaditect Consultants, represents NISPV Limited/ SASPV Limited, which controls 177,717,850 shares, or 0.75 per cent equity valued at about N2.89 billion.
Government Employees Pension Fund (Represented by Public Investment Corporation SOC Limited) were also listed as owners with 355,281,650 shares (1.75 per cent equity) valued at about N7.11 billion.
Also, Mobile Telephone Network N.I.C.B.V holds 559,720,150 shares, or 2.75 per cent, valued at about N11.19 billion.
Robert Shuter, Ralph Mupita, Jens Schulte-Bockum, Ferdinand Moolman, Paul Norman and Karl Olutokun Toriola serve as representatives of MTN Group on the Board of Directors of the company.
With the listing of the company’s shares on the NSE, MTN Nigeria becomes the first privately owned telecoms company in Nigeria to attain that status.
The listing of the company on the premium board of the NSE on April 18, 2019, resulted in the change of the company from a private company to a publicly quoted telecoms company on the NSE.
MTN Nigeria, a subsidiary of MTN International (Mauritius) Limited, was incorporated in the Republic of Mauritius, with its ultimate holding company, MTN Group.
The company was incorporated on November 8, 2000. But, it did not commence operations until 2001. Since then, the company has remained in operations for almost 18 years in Nigeria.
MTN Nigeria is reputed to be Nigeria’s largest telecoms operators, with about 67 million subscribers, controlling about 39 per cent mobile market share.

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