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N10 Billion, $5 Million Suit: Petrocam Company To Know Fate May 23

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Interestingly, a Federal High Court in Lagos has adjourned till 23rd of May, 2019 to determine either debt recovery suit of N10,062,643,928.72 and $5,247,693,.83 filed before the court by Union bank Plc against an Oil Company, Petrocam Trading Nigeria and two others, Mr. Patrick Ilo and Petrocam Trading LTD South Africa can be termed as abuse of court process or not.

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In a statement of claim filled before the court by Union bank Plc’s lawyer, Chief Ajibola Aribisala SAN.,the bank averred that the business structure is such that while Petrocam Trading Nigeria had direct allocation for AGO importation, the company enters into joint venture agreement with interested companies that have PPPRA allocation for importation of Petrol.

This is to assist companies that have allocations but lacks the needed funding to do their business thereby sharing both risk and reward with the company.

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Consequently, in pursuance of the banker customer relationship between September 29,2014 and 21st of April 2015, Union bank granted the company Import Trade Facilities to finance the importation of Petroleum products which as at 10th January, 2018, Petrocam Trading Nigeria Limited and its Managing Director/alter Ego of the company, Mr Patrick Ilo are indebted to Union bank as follows: the sum of N10,062,643,928.82 and US$5,247,963.82 with interests still running at prevailing rate.

The bank further averred that although the sum of N200million was remitted into the opening account with the bank, no explanation was made by the company on the failure to remit the whole sovereign debt notes FX and interest differentials or subsidy payments in the sum of N2,162,248,931.01 received from the Federal Government on the said letter of credit finance by the bank before the account was abandoned by the company.

Consequently, the bank’s claims against the defendants are as follows: N10,062,643,928.72, and $5,247,693.82 with accrued interest and N20million as the cost of instituting this action.

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However, the defendants in their application filed and argued before the court by their counsel, Mr Gboyega Oyewole SAN urged the court to dismiss or strike out the suit on the ground that they have subsisting legal action against the bank on the same subject matter before the Lagos State High court,therefore the present suit amounts to abuse of court process.

In a counter argument and submission canvassed by Chief Ajibola Aribisala,the bank contended that the suit does not constitute an abuse of court process to the one at the Lagos high court filed by the defendants as parties, reliefs and issues are not the same. The cause of action is equally not the same.

“While the suit filed at the Lagos State High Court is predicated on acts of gross negligence allegedly committed by the bank, the suit filed by the bank before the Federal high court is a debt recovery of suit,therefore the institution of the suit at the Lagos state high court by the defendants does not preclude the bank from bringing this action before this court,therefore in the interest of justice urge the court to dismiss the defendants’ application with heavy cost”.

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Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

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Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade

Prophet Kingsley Aitafo led Oneness in Christ ministry in conjunction with CCC Living Grace Tabernacle has declared the theme of their monthly three days open revival.
Prophet Kingsley Aitafo Rolls Out 3 Days Prophetic Crusade
Tagged Praise Him for His mighty acts, the power packed crusade begins on Sunday, April 28th till 30th of April 2024 at 20 Showole street, Ewupe, Singer Sango, Ogun state from 5pm daily.
Other guest ministers include Prophetess Irenise, Prophetess Arinola and Evangelist Lanre Matthew.
According to prophet Kingsley Aitafo, the revival will featured salvation, healing, deliverance, signs and wonders with prophetic solutions .

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Moremi Ojudu Leads The Charge To Eradicate Malaria in Southwest Nigeria

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*Moremi Ojudu Leads The Charge To Eradicate Malaria in Southwest Nigeria*

In a bid to significantly reduce malaria cases in Nigeria’s Southwest region, Moremi Ojudu, the Senior Special Assistant to the President on Community Engagement (South West), today commissioned a new campaign titled “Change the Narrative Now.”

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The initiative, spearheaded by the Presidential Community Engagement Office in collaboration with Chestrad Global and the Federal Ministry of Health, aims to raise awareness, educate communities, and promote preventative measures against the mosquito-borne illness.

The official launch took place at the Ago-Egun community within Iwaya-Makoko, Yaba LCDA. Moremi emphasized the importance of grassroots engagement in tackling the challenge.
“Malaria continues to disproportionately affect our communities,” she stated. “The ‘Change the Narrative Now’ campaign signifies a concerted effort to empower residents with the knowledge and resources needed to protect themselves and their families.”

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The campaign encompasses various activities, including community mobilisation to raise awareness about malaria prevention and treatment, distribution of resources, insecticide-treated mosquito nets and sanitation materials were distributed to households within the community. Medical personnel were also on-site to provide check-ups and distribute medications. Essential food supplies were also provided to ensure the well-being of residents.
Expressing her commitment, Moremi stated, “We are confident that through a collaborative approach, we can significantly reduce malaria cases in the Southwest. By working together, we can change the narrative and create a healthier future for our communities.”
The “Change the Narrative Now” campaign is a significant step towards achieving a malaria-free Southwest Nigeria. With the combined efforts of the government, international partners, and community members, the fight against this preventable disease can be won.

 

Moremi Ojudu Leads The Charge To Eradicate Malaria in Southwest Nigeria*

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Primate Ayodele’s Prophecy Fulfilled As Deadly Flood Hits UAE, Kenya, Burundi (VIDEO)

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Niger: One Week After Primate Ayodele’s Warnings, Bandits Attack Nigerian Soldiers (VIDEO)

Primate Ayodele’s Prophecy Fulfilled As Deadly Flood Hits UAE, Kenya, Burundi (VIDEO)

 

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If only leaders of nations are committed to listening to God-given instructions and warnings, the world would be a better place free of unnecessary chaos and panic but the incessant ignoramus attitude towards divine instructions by leaders make people become endangered in their own world.

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God has blessed us with vessels that he speaks through, he has provided us with prophets like Primate Ayodele who on a daily basis shares the mind of God with mankind. Through vessels like Primate Ayodele, God warns presidents of countries ahead of time against unpleasant happenings but at all times, these warnings are ignored and sometimes, citizens sacrifice their lives because of the obstinacy of their leaders.

There is currently an issue of flooding globally which has led to the death of several people, displacement of thousands, destruction of properties worth billions of dollars and panic across continents but these could have all been avoided if leaders of the countries had listened to Primate Ayodele when he warned them in 2023 and early 2024.

The United Arab Emirates, a nation that had never recorded any heavy rain fall until a few weeks ago, is still counting losses and struggling to get back on its feet due to a deadly flooding that swept through the country.

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The rainfall, which flooded streets, uprooted palm trees and shattered building facades, has never been seen in the Middle Eastern nation since records began in 1949. In the popular tourist destination Dubai, flights were canceled; traffic came to a halt and schools closed.

One-hundred millimeters (nearly 4 inches) of rain fell over the course of just 12 hours on Tuesday, according to weather observations at the airport – around what Dubai usually records in an entire year, according to United Nations data.

The rain fell so heavily and so quickly that some motorists were forced to abandon their vehicles as the floodwater rose and roads turned into rivers.

Meanwhile, Primate Ayodele had warned first in 2022 that he foresees climatic problems in the world which would cost a lot of money, lives and properties. He revealed then that the issue of flooding will come up in places that it has never happened before. He called on world leaders not to take climatic problems with levity because it will turn out to be very serious.

These were his words:

‘’I am seeing water and ecology problems, floods in Africa and many places that it hasn’t happened before … .natural catastrophe is imminent in 2023/2024. The issue of climatic problems must be taken very seriously, they must not joke with it….what we are saying will cost the world a lot of money, lives and properties..’’

@primateayodele

#primateayodele #iescworldwide #world #cnn #EU #europe #european #politics #peace #safe #SAFETY #food #water #climatechange

♬ original sound – Primate Ayodele

In his 2024 prophecy to the United Arab Emirates, Primate Ayodele called for prayers against disasters that will cause problems in the country.

These were his words:

‘’UNITED ARAB EMIRATE: The Emirate should pray against any disaster that will cause problems in the country. I foresee an unexpected incident in the Emirate that will require the people to be more careful than ever before.’’

Unfortunately, the prophecy has been fulfilled with the unexpected disastrous flooding that has shut down activities in the highly revered United Arab Emirates.

In the same vein, Kenya is currently battling with the effects of flooding that swept through almost half of the country.

At least 32 people have been killed and two are missing after flash floods swept as a result of the flood. Some 103,500 people in all have been affected.

Kenya has registered heavy rain since mid-March but downpours have intensified over the past week, leading to mass flooding. The Kenyan Red Cross says it has carried out over 188 rescues since the onset in March.

Some roads in the Kenyan capital of Nairobi were closed Wednesday and several neighborhoods remained submerged after another day of heavy rainfall.

In Primate Ayodele’s 2024 prophecies to the nation, he called on Kenyans to pray against flooding and cases of collapsed buildings.

These were his words

‘’KENYA : The spirit of God says Kenyans must pray against assassinations and the killing of any governor. I foresee there will be bomb scares and killings. They must pray against floods and cases of collapsed buildings. The spirit of God says the efforts of the Kenyan President William Ruto will be troubled and not appreciated. He should pray not to encounter a crisis in his government Cabinet. He must be careful against protests even as health workers will go on street protests in Kenya.’’

Similarly, People in Burundi are struggling to cope with flooding after months of heavy rains, with hundreds of thousands being displaced and many homes and schools damaged.

The relentless rain has resulted in the level of water in Lake Tanganyika rising considerably, causing chaos for communities living along its shores.

Lake Tanganyika’s rising waters have invaded the port of Bujumbura, Burundi’s economic capital, disrupting business there and elsewhere in the country.

This has also fulfilled the prophecy of Primate Ayodele warning African countries that there will be flooding and other natural disasters.

Primate Ayodele has always said that he doesn’t celebrate the fulfillment of his prophecies and doesn’t pray that they come to pass but world leaders have to start following divine instructions for the sake of their citizens and in order to avoid calamities like this.

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