COURT DECLARES ISLAMIC BANKING ILLEGAL

Posted by Chiagozie in Home » News, Nigerian News on June 16, 2012 - 2 Comments A Federal High Court in Abuja yesterday declared the non-interest financial institution operating under the principles of Islamic jurisprudence as illegal and unconstitutional. Justice Gabriel Kolawole held that had it not been that the plaintiff, Godwin Sunday Ogboji lacked the locus standi to institute the action, he would have nullified the licence issued to Jaiz International Bank PLC to carry out Islamic banking in the country. He said: "There are no provisions in the CBN Act and the Banks provided for in the Banks and other financial Institutions Act (BOFIA) that empowers the CBN Governor Sanusi Lamido Sanusi to issue license for non-interest financial institution to operate under the principles of Islamic...

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MICROSOFT TO LAUNCH iPAD 'KILLER'?

Now rumors are starting to coalesce around the thing being launched: a touchscreen tablet, manufactured by Microsoft itself, running on Windows RT (a version of Windows 8), intended to rival Apple's iPad. Hollywood blog The Wrap cites "an individual with knowledge of the company", who claims the software giant would be "making a foray into a new hardware category that would put the company in direct competition with rival Apple" — tablets. This would hardly be the first time Microsoft has tried its hand at a tablet device. Indeed, its first tablet preceded the iPad by the better part of a decade. But it was a bulky laptop hybrid that required a stylus, to which it wasn't very responsive. Between 2008 and 2010, the company was said to be working...

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SEAN PAUL BECOMES A MARRIED MAN!

Jamaican dancehall and reggae artist Sean Paul has married his long-time girlfriend Jodi Stewart. International media reports say the 39-year-old tied the knot with his beau Jodi in Jamaica last weekend. Jodi who's a popular TV personality in Jamaica said the big 'yes' to Paul back in 20...

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DON'T DRAG PRESIDENCY INTO THE SUBSIDY PROBE BRIBERY- ABATI

The Presidency has denounced involvement in the alleged bribery scandal involving the chairman of the House of Representatives fuel subsidy probe adhoc committee, Hon. Farouk Lawan. In a press statement issued by Dr Reuben Abati, spokesman to the President, decried attempt by some newspapers to drag the person and office of the President into the bribery scandal He said "The mischievous insinuation in today's editions of the newspapers that the entire affair, in which the two key players have publicly confessed their roles, is part of a plot by President Goodluck Ebele Jonathan and the executive arm of government to unseat the leadership of the House of Representatives, is totally false and baseless. For the benefit of unwary members of the public who may be deceived by the political innuendos...

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HARRY REDKNAPP OUT OF JOB!

Harry Redknapp's reign at Tottenham is over after the club announced his three-and-a-half-year tenure at White Hart Lane has come to an end. Everton's David Moyes and Roberto Martinez of Wigan are strong contenders to take over after Spurs decided not to offer Redknapp a new contract. The tactic was designed to force out the 65-year-old, but Redknapp stood his ground during talks with chairman Daniel Levy on Wednesday, refusing to resign despite the club's tough stance. Levy said: "This is not a decision the board and I have taken lightly. Harry arrived at the club at a time when his experience and approach was exactly what was needed. "This decision in no way detracts from the excellent work Harry has done during his time with the club and...

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FAROUK TO BE DECLARED WANTED

Lawan Farouk may soon be declared wanted by the Police if he continues to dishonour their invites. Other sources within the Nigerian Police had disclosed that it was obvious from their investigation that the lawmaker had swindled other oil marketers at the course of the investigation and will have a big question to answer. "Some marketers, who allegedly bribed the committee, will also be invited for interrogation," a member of the STF said. If however he further refuses to show up, he may have to be declared want...

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CHELSEA SIGNS DI MATTEO ?

There are strong indications that RDM may soon be announced as permanent Chelsea manager for the next two years. Though Chelsea are thought to be hot on the heels of Pep Guardiola the erstwhile Barcelona manager, but reports suggests that Pep has insisted on taking a one year sabbatical despite been offered. £250,000 per week. RDM is thought to have initially rejected a one year deal which would have seen Pep completed his sabbatical. One Chelsea official was quoted as saying it should be sooner than lat...

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FEMI VS FAROUK: WHO IS LYING?

Farouk Lawan, the Chairman, House of Representatives ad-hoc committee that probed the fuel subsidy fraud, on Monday, reversed his earlier statement and accepted that he collected $620,000 from the Chairman of Zenon Oil and Gas, Femi Otedola, to doctor the panel’s report.Lawan, who had hitherto denied that neither he nor any member of the committee collected money from any of the oil marketers, told journalists in Abuja that he collected the money after Otedola had approached him; adding that he informed the police and his colleagues about it.Lawan's confession is however confusing as he had initially denied collecting the bribe when media reports revealed the issue.Otedola, on his part, has agreed offering the bribe to Lawan; adding that it...

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Posted in: BRIBE,FAROUK LAWAN,FEMI OTEDOLA

WILL AND JADA SMITH: ITS BEEN 15 YEARS!

They got married at a quiet ceremony in December 1997. They have two kids from the marriage. Come December this year Will and Jada would have been married for 15 year! This is a rare occurrence in Hollywood where marriages lasts as few as 72 days. Sometimes early this year rumour of a break up started making rounds. A situation Jada calls ridiculous. She revealed that they are planning to celebrate their anniversary with 'a high five' as usual. Happy anniversary in advance, Mr & Mrs S...

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NADAL CLAIMS SEVENTH FRENCH OPEN TILTLE....BREAKS DJOKOVIC'S WINNING STREAK

Rafael Nadal won the French Open on Monday after Novak Djokovic double-faulted on match point one day after their match was halted by rain. Nadal's win in Paris marks his record-breaking seventh French Open title on the clay court. The final score was 6-4, 6-3, 2-6, 7-5.Rain twice interrupted the final at Roland Garros stadium before play was suspended with the Spaniard, Nadal, leading 6-4 6-3 2-6 1-2.However the match is delicately poised given Djokovic won eight games in a row before the halt to give himself a fighting chance of becoming the first man since 1969 to hold all four majors at the same time, and only the third ever.That run of winning games also included a break of serve in the fourth set, which will give the world No. 1 hope...

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Posted in: FRENCH OPEN,NOVAK DJOKOVIC,RAFAEL NADAL,ROLAND GARROS

FAMILIES OF CRASH VICTIMS REJECT MASS BURIAL.

The relatives of the Dana aircraft that crash two Sundays ago held a meeting with the Lagos State Governor yesterday. The governor suggested the option of mass burial for the victims which the families rejected outrightly. Meanwhile a committee has been set up to look into the issue and reve...

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OTEDOLA CONFIRMS LAWMAKERS COLLECTED BRIBE...SAYS I HAVE A TAPE

The full details of the $3 million bribery scandal involving members of the House of Representatives Ad-hoc Committee on the Fuel Subsidy probe were revealed yesterday, as one of the major actors in the scandal has opened up on what transpired. In an exclusive interview with THISDAY, chairman, Zenon Petroleum & Gas Ltd, Mr. Femi Otedola, who hitherto was suspected of being behind the $3 million bribery scandal, blew the lid on what transpired and how chairman of the ad-hoc committee, Hon. Farouk Lawan, and the secretary of the committee, Mr. Boniface Emenalo, had collected $620,000 from him in a sting operation masterminded by the security agencies. The amount was part payment for the $3 million, which he alleged Lawan had demanded from...

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Posted in: BRIBE,LAWMAKERS,OTEDOLA

KIDNAPPED OBODO REGAINS FREEDOM

Reports reaching me confirms that the former Super Eagles midfielder Christian Obodo kidnapped on saturday has been released by his abductors. The guy will soon be on the next plane outta Naija, I'm s...

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BRADLEY DOWNS PACQUIAO AMIDST CONTROVERSY

In a fight Pacquiao seemed to have in hand, two judges decided otherwise, giving Bradley a split decision Saturday night and ending the Filipino fighter's remarkable seven-year unbeaten run. Promoter Bob Arum fumed, the crowd at the MGM Grand arena booed, and Pacquiao seemed stunned when the decision was announced. Arum said there would be a November rematch, though he blasted the way the decision went down. "I'm going to make a lot of money on the rematch, but this was outrageous," Arum said. Bradley came on strong in the later rounds, winning five of the last six rounds on two scorecards and four on the third. He won 115-113 on two scorecards, while losing on the third by the same margin. The Associated Press had Pacquiao winning 117-111. "I...

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OBODO: KIDNAPPERS DEMAND €150,000

Nigeria midfielder Christian Obodo has been abducted by unknown gunmen in Warri, Delta State. The footballer was taken on Saturday morning according to reports on SuperSport.com. Obodo, who played at Lecce in Italy during the just concluded season on loan from Udinese, was reported to have gone to a night club on Friday night in his car with registration number "Obodo 5" but was picked up on Saturday morning in front of a church in Effurun, a suburb of Warri. "Yes he has been kidnapped," an unnamed Delta State government official told SuperSport.com. "The details are still sketchy but I was told he was on his way to church this (Saturday) morning with his car that has registration number 'Obodo 5.'" "Apparently his car's registration may have...

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