Day: April 1, 2019

Court issues arrest warrant against Nollywood actress over alleged tax evasion

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A bench warrant for the arrest of a Nollywood actress and producer, Monalisa Chinda-Coker, has been issued by an Igbosere High Court, Lagos State, on Monday, over alleged tax evasion. Justice Adedayo Akintoye renewed the order for the arrest following the failure of the actress to appear in court for trial. The Lagos State had charged her with failure to file annual tax returns and failure to pay income tax in respect of her company, Monalisa Code Productions. On Monday when the matter came up, the defendant and her lawyer…

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Positive outlook as Fidelity Bank profit grows by 30.6 percent

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Fidelity Bank Plc has released a statement that its profit before tax (PBT) grew by 30.6 percent to N25.1 billion in the financial year ended December 31, 2018 from N19.2 billion in the previous year. According to reports, the statement shows that the bank recorded 4.8 percent  growth in gross earnings from N180.2 billion to N188.9 billion while profit after tax grew by 29 percent  from N17.7 billion in 2017 to N22.9 billion in 2018, whilst operating income rose by 13.9 percent  from N85.9 billion to N97.2 billion. Customer deposit, which is a measure of consumer…

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PDP reacts to Steve Hanke’s report rating Nigeria 6th miserable country

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Steve Hanke’s report which rated Nigeria as the 6th miserable country in the world has been described as a vindication of its position “all this while,” by the Peoples Democratic Party, PDP, saying the nation has sunk into a new low since President Muhammadu Buhari assumed power in 2015. Hanke, an economist at John Hopkins University, United States of America had in the publication rated Nigeria 6th on the ignoble list of world’s most miserable countries, behind Venezuela (Ist), Argentina (2nd), Iran (3rd), Brazil (4th) and Turkey (5th), citing the high…

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Over 2,500 okada to be crushed by Lagos task force, 109 more impounded

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Over 2500 commercial motorcycle, popularly known as okada, impounded in the last three months (January to March 2019) by the Operatives of the Lagos State Taskforce would soon be crushed, says Chairman of the Agency, Chief Superintendent of Police, CSP Olayinka Egbeyemi. The agency has also impounded 109 more motorcycles, for operating on restricted routes at Second Rainbow, along Oshodi-Apapa Expressway, Lagos State. Egbeyemi who led the enforcement team at the weekend, said the motorcycles were impounded for violating the Lagos State 2012, Road Traffic Law after several warnings to…

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Nnamdi Kanu threatens to cause trouble for Nigeria if provoked

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Nnamdi Kanu, the leader of the Indigenous People of Biafra, has asked the Federal Government not to provoke him, adding that he has the capacity to make the country ungovernable. He described an alleged plan by the Federal Government to arrest him with the International Police as an effort in futility. He said he was a British citizen and so could not be subjected to any Nigerian law. Kanu’s reaction followed recent revocation of his bail by Justice Binta Nyako of the Federal High Court, Abuja. While dismissing the bail…

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