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IMG strengthens balance sheet, equity grows 100%As shareholders get N365.5m dividend

IMG strengthens balance sheet, equity grows 100%As shareholders get N365.5m dividend

By Preter Egwuatu Industrial &Medical Gases (IMG) Nigeria Plc has delivered a resilient performance in 2025, doubling shareholders’ equity to N11.84 billion and paying a cash dividend of N365.5 million, amounting to 50 kobo per share, despite a challenging business environment marked by inflationary pressures, rising operating costs, and foreign exchange volatility. The audited results […]

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Kanu raises alarm, alleges tricks by FG to perpetually hold him down Leader of the Indigenous People of Biafra, IPOB, Mazi Nnamdi Kanu, has drawn attention to what he described as serial executive and judicial fraud being perpetrated against him since his extraordinary rendition in 2021. In an open letter addressed to Nigerians yesterday, Kanu said: ‘’In a judgment entered on March 1, 2017, the Federal High Court, Abuja, ruled that the ‘IPOB is not an unlawful group’. At the time, it received widespread publicity which can be verified. ‘’This landmark ruling (made by the court before it turned unjust) emanated in a criminal proceedings that required ‘proof beyond reasonable doubt’ and in which the federal government and my humble self presented our respective cases. ‘’Alas! Instead of the federal government to go on appeal as the law mandated (if they are dissatisfied with the judgment), the former Attorney-General (Abubakar Malami) went behind closed doors with a letter signed by late Abba Kyari and got IPOB proscribed/tagged a terrorist group in an ex parte proceedings that conducted without notice to me or to the IPOB. ‘’This abominable incident was the earliest sign yet that the government and its judiciary have struck an unholy and fraudulent alliance to deny me my rights and thereby imperil the life and liberty of millions who identity with IPOB. ‘’On October 26, 2022, a Federal High Court declared my extraordinary rendition and detention as unconstitutional, stating that: ‘the manner of arrest and detention of the Applicant (Mazi Nnamdi Kanu) in Kenya, his continued detention in Abuja, his subjection to physical and mental trauma by the Respondents, the inhuman and degrading treatment meted out to the Applicant amounts to a brazen violation of the Applicant’s fundamental right to dignity of his person and threat to life under Section 34 (1)(a) of the 1999 Constitution of the Federal Republic of Nigeria (as amended).’ ‘’The court further ordered the federal government to apologize to me and pay me compensation. In a responsible society and well-ordered, run by a responsible government, this judgment is sufficient to have ended my lengthy detention and encourage the federal government to constructively engage me on the issue of the self-determination agitation that triggered this whole saga. ‘’Pedal back to October 13, 2022, when the Court of Appeal held that: ‘The courts must never shy away from calling the executive to order when they resort to acts of ‘executive lawlessness.’ ‘’The duty of the courts is to maintain a balance between ensuring that law and order is obeyed and the protection of the individual from oppressive actions by the executive. ‘’By the forcible abduction and extraordinary rendition of the Appellant (Mazi Nnamdi Kanu) from Kenya to this country on the 27th day of June 2021, in violation of international and state laws, the lower court or, indeed, any court in this country is divested of jurisdiction to entertain charges against the Appellant’. ‘’Despite the clarity of this judgment and its comportment with reason, the federal government refused to release me from detention while it went behind closed doors and connived with three other justices of the court of appeal who fraudulently and swiftly sat on appeal over the judgment and practically destroyed it by issuing what they termed ‘a stay of execution’. ‘’One may then ask: Is it not abominable for a court to stay a judgment the government already disobeyed? In a plethora of cases, the Supreme Court has held that anybody who disobeys a related court order cannot be given any judicial relief until such order is obeyed. ‘’This is a sound reasoning that applied to everybody but is fraudulently overlooked when it comes to my case. Fast forward to 15th December 2023 when the Supreme Court sent back my case to the Federal High Court for trial. ‘’For avoidance of doubt, that was not the only decision the Supreme Court made. It also decided that my bail should not have been revoked and it went on to state clearly that the judge exhibited significant and unacceptable bias by revoking my bail. ‘’In a sane society, one would expect that when the High court received my case from the Supreme Court and hankered down for trial, it was also duty-bound to restore my bail in line with the pronouncement of the apex court. ‘’But that did not happen. Why? Well, your guess is as good as mine and that is: the Court connived with the federal government to continue my detention in violation of Section 287 of the Nigerian Constitution. ‘’On September 24, 2024, I decided that I have had enough of taking my chances at getting justice from a judge that, in June 2021, sent me to secret police detention without fair hearing, later refused to transfer me to prison to better prepare for my trial and capped it all by refusing to restore my bail and instead ordering an accelerated trial in the face of the reality that I will never get a fair trial whilst detained at the DSS. ‘’These are the major reasons that compelled me to request recusal of the judge and having consented to it, she proceeded to make an order removing herself from my case. That order was never challenged on appeal; thus it remains extant to this day. ‘’But instead of the Chief judge of the Federal High Court to do the lawful thing by assigning my case to another judge, he connived with the federal government to eat crow and send my case to a judge that stands recused by a valid order. ‘’To conclude this open letter, let me make it clear that it should in no way be construed to mean that there are no decent judges in Nigeria that can be trusted to deliver even-handed justice in my case. That is not the issue. ‘’Instead, the issue is that my case is deliberately being shielded from judges and justices that are deemed to be committed to doing justice, even when it means that the federal government must lose. ‘’Be that as it may, if it will take the rest of my life in detention to produce me before a proper and impartial court, so be it. But let me say this for the world to know: I will not succumb to any trial conducted by any judge or court whose jurisdiction does not pass constitutional muster. Not now, not ever.’’

Edoziem group suspends Nnamdi Kanu, IPOB rejects move

A fresh leadership crisis has erupted within the Indigenous People of Biafra, IPOB, following the purported suspension of its leader, Nnamdi Kanu, by the faction led by Chikadibia Edoziem, a move the separatist organisation has swiftly rejected as unconstitutional and invalid.

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Leadway sustains support to Nigeria’s creative economy

Leadway sustains support to Nigeria’s creative economy

By Rosemary Iwunze Leadway Assurance Company Limited has sustained its support for the growth of Nigeria’s creative industry, and small and medium enterprises (SMEs) with the sponsorship of the largest leather exhibition in Nigeria, the Lagos Leather Fair (LLF), for the fourth consecutive year. The Lagos Leather Fair, now in its ninth edition, is set to […]

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Ronaldinho comes out of retirement at age 46

Ronaldinho comes out of retirement at age 46

Former Ballon d'Or and World Cup winner Ronaldinho is set to come out of retirement aged 46 to play for Ravenna in the Italian third tier, according to reports in Italian daily Gazzetta dello Sport.

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Guarantees SpaceX’s new $75bn IPO

Guarantees SpaceX’s new $75bn IPO

Elon Musk’s SpaceX is seeking to raise approximately $75 billion through what is projected to be the largest initial public offering, IPO in history.

AI demands today’s graduates to be deep thinkers — Dzidonu

AI demands today’s graduates to be deep thinkers — Dzidonu

By Prince OsuagwuThe President of the Accra Institute of Technology (AIT), Professor Clement K. Dzidonu, has stated that the rapidly evolving world of artificial intelligence, automation, and digital transformation requires graduates who are capable of independent thinking, continuous learning, innovation, and responsible leadership. According to Professor Dzidonu, universities exist not merely to award degrees but […]

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Etiwa Tech partners Alaro City to empower graduates with international trade certifications

Etiwa Tech partners Alaro City to empower graduates with international trade certifications

By Elizabeth Osayande & Ifunanya Ndigwe Etiwa Tech, a technical training academy, has partnered with Alaro City, a multi-billion-dollar mixed-use city development firm, to equip a new cohort of vocational graduates with international trade certifications, aiming to combat youth unemployment in Nigeria. The graduation ceremony celebrated 44 young men and women who had successfully completed an […]

Appointments: University administrators reiterate need for due process

Appointments: University administrators reiterate need for due process

UNIVERSITY administrators have said unilateral appointments into key academic offices contradict established governance procedures across Nigerian universities. The administrators, who reaffirmed strict compliance with Conditions of Service, made the assertion in separate telephone interviews with the News Agency of Nigeria (NAN)  in Akure. Registrars and senior university officials said appointments of Deans, Provosts and Heads of […]

what it described as the “failure of management to engage in further negotiations concerning our demands.”

UNILAG students, staff benefit from FastCare’s Free medical initiative

By Adesina Wahab  A huge number of students, academic staff, and campus residents benefited from free, high-quality healthcare services at the University of Lagos (UNILAG), Akoka, during the recently-concluded FastCare Medical Outreach. The day-long health intervention was specifically designed to address immediate medical needs, ease the financial burden of healthcare, and promote proactive wellness within the […]

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