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Alleged N2.9bn fraud: Eunisell boss explains how Kenneth Amadi defrauded his coy

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Alleged N2.9bn fraud: Eunisell boss explains how Kenneth Amadi defrauded his coy
 

 

 

The Group Managing Director of Eunisell Limited, Mr Chika Ikenga, on Friday, reaffirmed before a Lagos Federal High Court, how his company was defrauded of the sum of N2.9 billion, by former employee, Kenneth Ndubuisi Amadi.

Kenneth Amadi is facing a five-count charge of conspiracy and fraud to the tune of the said amount.

At the last hearing of the charge against the defendant, Ikenga, while being led in evidence by the prosecutor, Aderonke Imana, had told the court how the defendant defrauded him of the N2.9 billion.

He also told the court how the defendant fraudulently diverted and used his company’s funds to establish a firm.

At the resumed trial of the defendant on Friday, Ikenga while being cross-examined by the defendant’s counsel, Emeka Etiaba (SAN), narrated how the defendant was employed after his National Youth Service Corps (NYSC) as a Sales Representative.

Ikenga told the court that despite making the defendant the Company’s CEO, “his responsibility does not include diverting the company’s monies, collecting monies from customers.”

He also told the court how the defendant failed to respond to a query issued to him when it was discovered that he had established ABD Energy, while still working with Eunisell Limited, saying: “Information from CAC upon enquiry in 2016 revealed that Kenneth Amadi was the owner and Director of ABD Energy”.

When asked to confirm if the $4,000 Eunisell claimed to have paid the defendant was a bonus for hard work, the witness said it was the defendant’s salary, but added that the Human Resources Department has the records.

He also denied the defendant’s claim that the medical bill was a ‘one-off thing’, saying that the defendant benefitted from the medical scheme of his company while he remained with Eunisell Limited.

Asked how the N2.9 billion allegedly defrauded Eunisell Limited was added up, Ikenga said: “Eunisell supplied products to our customers with Eunisell waybill. The defendant directed the companies to pay funds belonging to Eunisell into his own personal account and the account of second defendant (IDID Nig. Ltd), which he owns, while still working with us”.

Asked if he knows that the defendant had a close relationship with Ammassco and AZ Companies? Ikenga responded by saying: “I do not know. We started business with these companies in 1997 and he was employed in 2000. So, he cannot claim to have had a relationship with them outside us. As for Ammassco, we employed him to promote our business with them.”

When asked if he has any document to show that the defendant defrauded his company. Ikenga replied: “The documents are in the court papers which were filled by the Attorney General but he was not authorized to receive monies on our behalf”.

When probed if the defendant was part of the audit when the books of the company were audited, he responded and said: “He was not. The book was audited after he committed the crime and resigned.”

Asked to produce the report of the IGP that the matter be reinvestigated, Ikenga said that he has given it to the prosecution adding that: “The defendant received our payment by using an uttered document to do so.”

Meanwhile, further hearing of the criminal charge against the defendant and his company, IDID Nigeria Limited has been adjourned till December 9 and 10.

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PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status 

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PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status 

*PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status 

 

To prevent any misunderstanding regarding our affiliation with the United Nations, we hereby provide a formal clarification on the status and identity of the United International Peace and Governance Council (UNIPGC), formerly known as IPGC.

 

UNIPGC is an independent Civil Society Organization and Non-Governmental Organization with continental chapters registered in the United States, Germany, Canada, and several countries across Africa. The organization is committed to promoting the values and principles of the United Nations, particularly in advancing Sustainable Development Goal 16 (Peace, Justice, and Strong Institutions), as well as advocating for good governance globally.

 

In furtherance of its mandate, UNIPGC has established partnerships with reputable diplomatic civil society organizations, including the United Nations Association of Nigeria and the United Nations Association of Ghana. These collaborations are aimed at strengthening its engagement with initiatives aligned with United Nations ideals.

 

Additionally, UNIPGC has entered into diplomatic relations with the International Organization for Economic Development (IOED), an Intergovernmental Organization (IGO), to enhance its capacity for international cooperation and diplomatic engagement.

PUBLIC NOTICE*: Revalidation of UNIPGC Organizational Status 

We wish to clearly state that UNIPGC is **not** an entity, agency, or organ of the United Nations.

 

Members of the public and media practitioners are respectfully advised to refer to the organization by its full and correct name: **United International Peace and Governance Council (UNIPGC)**, and not as the United Nations.

 

Thank you.

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

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Laffmattazz Announces Strategic Partnership with First Bank of Nigeria Limited for 2026 International Tour

 

 

 

Laffmattazz, one of Nigeria’s foremost comedy and live entertainment brands, is pleased to announce its official partnership with First Bank of Nigeria Limited for the highly anticipated Laffmattazz 2026 International Tour, themed “Next Chapter: A New Season of Laughter.”

 

Now in its 15th year, Laffmattazz—the brainchild of renowned Nigerian comedian Gbenga Adeyinka (Gbenga Adeyinka 1st)—has evolved into a cultural phenomenon, celebrated for its seamless fusion of comedy, music, and live stage performances.

 

The 2026 tour, which kicked off on Easter Sunday, April 5th, 2026 at the Jogor Centre, Ibadan, marks a significant milestone in the brand’s journey. Building on over a decade of success across Nigeria, this year’s edition signals a bold expansion into the international market, with a multi-city run in Canada, alongside major stops in Akure, Abeokuta, and Lagos.

 

This strategic partnership with First Bank of Nigeria Limited underscores a shared commitment to excellence and innovation. It is also aligned with FirstBank’s First@Arts initiative—a significant and ongoing program dedicated to supporting the creative arts, entertainment, and cultural sectors. Through this initiative, FirstBank provides financing, advisory services, and actively fosters a sustainable value chain for artists and creative entrepreneurs, while supporting key industry platforms such as the Nigerian Entertainment Conference.

 

Speaking on the collaboration, the Laffmattazz team stated:

 

“We are delighted to welcome First Bank of Nigeria Limited as a strategic partner for the Laffmattazz 2026 International Tour. As we mark 15 remarkable years of Laffmattazz, this partnership reinforces our vision to take premium Nigerian entertainment beyond borders, while delivering even bigger, better, and more memorable experiences for our audiences.”

 

As a key partner, First Bank will enrich the tour through innovative customer engagement initiatives, experiential activations, and exclusive fan experiences across all tour locations.

 

With its distinctive blend of humor, culture, and live entertainment, the Laffmattazz 2026 Tour is poised to connect audiences across cities and continents, bringing laughter to thousands of fans worldwide.

 

 

About Laffmattazz

 

Laffmattazz is a premier Nigerian comedy and entertainment brand, now in its 15th year, renowned for its vibrant live shows and nationwide tours. Founded by Gbenga Adeyinka 1st, the brand continues to deliver high-quality experiences that celebrate creativity, culture, and laughter.

 

About First Bank of Nigeria Limited

 

First Bank of Nigeria Limited is Nigeria’s oldest financial institution, widely respected for its legacy of trust, innovation, and customer-centric financial solutions that support economic growth and development. Through its First@Arts initiative, the Bank continues to play a pivotal role in empowering the creative industry and driving sustainable growth across the sector.

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MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria

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FirstBank Set to Launch Tailored Financial Services for Blind and Physically Challenged Customers  

MREIF is Better: FirstBank’s Mortgage Loan Is the Game-Changer for Home Ownership in Nigeria

 

 

 

Anyone who has tried to get a loan to buy a house in Nigeria knows the drill: endless forms, property valuation, and eventual down payment of a minimum 25% or more on the property. Sometimes, interest rates could go as high as 30% per annum, while the typical loan limit is N50 million.

 

 

 

Now, FirstBank is making homeownership more attractive.

 

 

 

FirstBank, in partnership with the Ministry of Finance Incorporated (MOFI), has introduced the MREIF Home Loan. MREIF loan is a game-changer, offering a single-digit interest rate of 9.75% per annum, with a loan amount of up to ₦100 million and a repayment period of up to 20 years. This is perfect for salaried individuals, including Nigerians in the diaspora, looking to purchase homes in approved locations.

 

The MREIF loan stands out with its lower interest rate, higher loan amount, and flexible equity contribution as low as 10%. This makes it an attractive option for those seeking affordable homeownership.

 

 

 

You are one quick decision away from being a landlord.

 

 

 

If you’ve been waiting for the right time to buy a home, FirstBank’s MREIF Home Loan is the smartest route to owning property in Nigeria today. Visit the FirstBank website https://www.firstbanknigeria.com/personal/loans/mreif-home-loan/ to get started.

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