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FIRS letter introduces ‘new twist’ in Citadel vs Zinox alleged contract fraud case 

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Zinox Technologies has alleged that a document from the Federal Inland Revenue Service (FIRS) has introduced a new twist in the long-standing contract fraud allegations leveled against its Chairman, Leo Stan Ekeh, by the CEO of Citadel Oracle Concept Limited, Benjamin Joseph, and senior advocate Femi Falana (SAN).
This was disclosed in a statement by the spokesman for Zinox, Mr. Chimezie Orisakwe.
Orisakwe claimed that the FIRS document allegedly reveals that Joseph lied about his lack of knowledge regarding the contract executed by his company for the FIRS.
The reaction follows a fresh contract fraud case instituted against the Zinox Chairman before Justice A. O. Ebong of the FCT High Court in charge no. FCT/HC/CR/985/24 in November 2024.
New Suit Aimed to Embarrass Me – Zinox Chairman  
Reacting to the development, Orisakwe stated that a FIRS letter, already filed in a civil case at the Lagos State High Court (Suit No. LD/4335/2014), had cleared his boss of any wrongdoing.
Citing the letter, which was addressed to the chambers of Afe Babalola & Co., dated 11 February 2014 (FIRS/PD/GDS/2559), and signed by Idrissa Kogo, Head of the Legal Department, Orisakwe quoted: “Contrary to your client’s claim that they knew nothing about the execution of the contract awarded to them and that they did not receive any payment for the execution of the contract, our record reveals otherwise.”
The Zinox spokesman further alleged that the current charges filed by Femi Falana (SAN) on behalf of the Attorney General of the Federation are the third in a series, following charge no. CR/469/2022, which was reportedly struck out by Honourable Justice C. O. Oba of the FCT High Court on 8th November 2022.
He added:
“Zinox has never been invited by any investigative agency, including the police and the EFCC, regarding the so-called allegations. There is no report by the police, the EFCC, or any investigative agency where Zinox was mentioned as a suspect. There is no judgment or ruling of any court implicating Zinox in the transaction or allegations underlying the fiat and charges. Mr. Leo Stan Ekeh, the Chairman of Zinox, has never given any statement to the police and has never been named in any court proceedings or judgment relating to these allegations.”
Orisakwe alleged that the deliberate inclusion of Zinox, its Chairman, and other individuals who were never part of the investigations in the new charges by Femi Falana (SAN) was intended to embarrass them, harm their reputations, and damage their businesses.
What to Know 
Nairametrics gathered that the FCT High Court has adjourned the case to 3rd March 2025, to hear the preliminary objections and any other pending applications filed by Zinox and Technology Distributions.
The preliminary objection challenges the court’s jurisdiction over the case and the appearance of Falana.
Zinox argues that the purported fiat from the Attorney General of the Federation (AGF) was legally wrongful and defective, and should not have been granted to Mr. Femi Falana (SAN) in the first place.
Backstory 
An Abuja High Court had previously vindicated Zinox Technologies Ltd. and TD Africa, two of Nigeria’s leading technology firms, and their Chairman, Leo Stan Ekeh.
The court also cleared company secretary Barrister Chris Eze Ozims and two others, Shade Oyebode and Charles Adigwe, of any wrongdoing in a protracted court case involving a N170 million Federal Inland Revenue Service (FIRS) contract.
On February 24, 2021, the court discharged and acquitted Princess Kama Onyeoma and Chief Onny Igbokwe, partners of Benjamin Joseph, who were accused of fraudulently executing the N170 million contract awarded to Citadel Oracle Concepts, an Ibadan-based ICT firm owned by Joseph.
Additionally, the court awarded N20 million in damages against the complainant, Mr. Joseph, for filing frivolous and malicious petitions and prosecutions.
* Nairametrics

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News and Report

Lagos broadcast stations decry union violence, 48-hour shutdown

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The management of Lagos State Government-owned broadcast stations has condemned the recent violent actions by striking union members, which disrupted operations and forced the stations off-air for 48 hours.

In a statement issued on Tuesday by the Head of Service, Establishments and Training, Afolabi Ayantayo, it was disclosed that the affected stations—Lagos Television, Radio Lagos/Eko 89.7FM, and Traffic Radio—were attacked on Monday by workers allegedly affiliated with the Nigeria Labour Congress, the Radio, Television, Theatre, and Arts Workers Union, and the Nigeria Union of Journalists.

The statement noted that striking workers reportedly vandalised studio doors, assaulted on-air presenters, switched off transmitters, and severed cables in an attempt to enforce the strike.

“The stations—LTV, Radio Lagos/Eko 89.7FM, and Traffic Radio—were forced off-air for 48 hours by workers who destroyed studio doors and assaulted presenters. They switched off transmitters and severed cables in unprecedented acts of violence, captured on video. Many workers were also whipped for refusing to join the strike, which aimed to pressure the government into placing about 400 workers on the civil service payroll,” the statement read.

Describing the incident as unprecedented, the station managers expressed their disappointment with the unions’ approach.

“Despite the State Government’s open communication channels, the leadership of NLC, RATTAWU, and NUJ chose the path of violence—both in words and actions,” the managers said in the statement.

They further described the strike as not only an attack on the broadcast stations but also a show of disrespect towards state authorities.

“The strike, which the managers have described as an attack and a sign of disrespect for the authorities, has raised doubts about the leadership of the NLC, RATTAWU, and NUJ in Lagos being committed to an amicable resolution of the crisis.”

The statement added that the union leaders have been invited to another meeting scheduled for Wednesday, 15 January 2025, to discuss the issues in dispute.

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CBN Fines Zenith, First Bank, Globus Bank, Others N1.3 Billion For Not Dispensing Cash

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The Central Bank of Nigeria (CBN) has fined nine deposit money banks in Nigeria a sum of N150 million each, amounting to N1.350 billion for failing to dispense cash through their Automated Teller Machines (ATMs) during the yuletide season.

According to the apex bank, the sanctioned banks include Fidelity Bank Plc, First Bank Plc, Keystone Bank Plc, Union Bank Plc, Globus Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, and two others.

This is according to a press statement on Tuesday by CBN’s Acting Director of Corporate Communications, Mrs. Hakama Sidi Ali.

The statement read “In a clear message of zero tolerance for cash flow disruptions, the Central Bank of Nigeria (CBN) has sanctioned Deposit Money Banks (DMBs) for failing to make Naira notes available through automated teller machines (ATMs), during the yuletide season.

“Each bank was fined N150 million for non-compliance, in line with the CBN’s cash distribution guidelines, following spot checks on their branches. The enforcement action follows repeated warnings from the CBN to financial institutions to guarantee seamless cash availability, particularly during periods of high demand.

 

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Police uncover two gun manufacturing factories in Benue, arrest suspects

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Operatives of the Benue State Police Command have uncovered two gun manufacturing factories in Guma and Kwande local government areas of the state.

This was disclosed in a statement released on Tuesday by the state Commissioner of Police, Mr Steve Yabanet.

The CP noted that through credible information about criminals manufacturing arms at Mbaafa, Adikpo, Kwande LGA, detectives were deployed to the areas for investigation.

According to him, on January 11, police stormed a gun factory at Mbaafa and arrested one Friday Aduduakamve and Iorwashima Iornyume, aka AK-35.

The CP said that the operatives searched the factory and recovered nine fabricated pistols and one yet to be completed AK-47 rifle, amongst others.

He said that the team also uncovered another gun manufacturing factory in Daudu, Guma LGA, where more arms were recovered.

“As police detectives began intelligence gathering on criminal activities in Daudu, information was received that one Meme Ihoon, 50 years old, was responsible for all short arms being used by kidnappers, armed robbers, and cultists in Daudu.

“During the investigation, the said suspect was arrested on January 10; six dane guns and three long pipes used for fabricating guns were recovered from his house.

“The suspect confessed to having been producing and selling arms. Investigation is ongoing to arrest other criminals connected with the case,” the police spokesman said.

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