Risikat Adeniyi Adegeye, the wife of ace music legend King Sunny Ade is currently embroiled in a legal battle over a N45.4 million debt, being the alleged outstanding amount due on a loan facility advanced to her by Sterling Bank in 2008.
According to a report by The Lagos Times , she is in court to contest an order granted the Asset Management Company of Nigeria ( AMCON) to take temporary possession of the property which was used as collateral to secure the loan. Through her lawyers she is claiming that the ex parte application filed by AMCON and the subsequent court judgement were obtained without recourse to due process.
According to the court papers, she had sometime in 2008 secured a loan facility of N23 million from Sterling Bank which she augmented with her own funds to purchase a property valued at N33 million. The property located at Plot A2, House 3, Adonai Tekts Estate, Central Business District, Alausa Ikeja was duly bought and also served as guarantee for the loan.
In a sworn affidavit presented to the court by George Fola Adeniyi, one of Madam Risikat’s children, she averred that she had been dutifully servicing the loan since inception and had even asked her bank manager to furnish her with her loan statement of account to enable her ascertain and liquidate the balance of her loan repayment.
The plaintiff claimed that the bank never provided her with the statement, instead unilaterally passing off her debt to AMCON in 2011. She also claimed that AMCON has since then been imposing unilateral and extortionate interest on the loan balance without carrying her along. Moreover, she contended, she was not served notice when the organization filed an exparte application to take over the mortgaged property.
She therefore prayed the honourable court to set aside the February 22nd 2018 ruling which granted temporary possession of the house in contention.
Headies: Omah Lay Wins Next Rated As Fireboy Grabs 4 Awards [ Full List Of Winners]
Popular Nigerian singer, Omah Lay won the ‘Next Rated Award’ at the 14th edition of the Headies which held on Sunday night.
The award which is the most sought-after category was keenly contested between Tems, Omah Lay, Oxlade, and Bella Shmurda.
Similarly, Fireboy left the 14th Headies with four awards as he won the Best R&B Album, Best R&B Single, Best Pop Album, and Revelation of the Year.
The 14th Headies Awards held at the Convention Centre, Eko Hotels and Suites, Lagos State.
Wizkid also made a special appearance at the Headies while also winning the Viewers Choice Award and Artiste of the Year.
Here are the list of Winners:
Next rated : Omah Lay
Rookie of the year: BadBoyTimz
Artiste of the year: Wizkid
Best Pop Album: Fireboy (Apollo)
Best Vocal male performance – Praiz
Best Vocal female Performance- Niniola
African Artist Recognition: Master KG
Best Street Hop artiste – Mayorkun
Best Recording of the year – Brymo
Best Music Video – One Milli by Director K
Best Pop Single- Nobody – Dj Neptune
Headies Revelation of the Year – Fireboy
Best Rap Single – Falz (Bop Daddy)
Best Alternative Song: Moelogo
Best Alternative Album: Roots (The Cavemen)
Songwriter of the Year: Simi (Duduke)
Best Rap Album: AQ (God’s Engineering)
Lyricist on the roll – ILLBliss (Country)
Best Collaboration- Only you (Ladipoe ft Simi)
Best R&B Single – Fireboy
Best R&B album – Fireboy
Viewers Choice – Wizkid
Producer of the Year: Pheelz
Headies Hall of Fame: King Sunny Ade
Special Recognition: Eedris Abdulkareem
70 Obas, Top Dignitaries To Grace Ground Breaking Ceremony Of Olofin of Ado-Odo’s Private Residence
All is now set for the official launching and foundation laying ceremony of the Ultra-Modern private residence of His Imperial Majesty, Oba Dr Abdul-Lateef Adeniran Akanni, the Olofin Adimula Of Ado-Odo, Awori Kingdom.
The event, which will take place on Saturday, 20th Of February, 2021 will have about 70 Obas and several dignitaries from different walks of life in attendance.
Taking place at the Ogun state housing co-operation in Ado-Odo, this record-breaking event will serve as another huge development in the community.
Oba Dr Abdul-Lateef Adeniran Akanni since his reign has brought massive development to Ado-Odo, making the community one of the most envious in terms of rapid growth and development.
JUST IN: Police Arrest Birthday Celebrant, 75 Other COVID-19 Violators In Lagos [PHOTO]
In a bid to ensure total compliance with the coronavirus protocol released by Federal Government, the Nigerian Police have arrested a birthday celebrant and 75 other guests and sealed the event center, FM Mogame, for aiding the contravention of the COVID-19 guidelines announced by the government to flatten the curve.
Those arrested at the party were Popoola Michael, Adeyemo Opeyemi, Ramon salami, Kareem Akeem, Balogun Nurudeen, and 71 other guests found within the event center located at John Ogunnaike Street, Ikeja Lagos
The celebrant and other guests arrested by the law enforcement agency were apprehended for organizing and attending a party with more than 50 persons within an enclosed area, a contravention of the coronavirus protocol approved to curtail community transmission of the virus.
Confirming the arrest, the spokesman for Lagos Command, Olumuyiwa Adejobi, in a statement on Saturday, said that the State’s Commissioner of Police, Hakeem Odumosu, supervised the arrest and ensured the premises were sealed immediately to serve as a deterrent to other event center owners aiming to violate the law.
Adejobi explained that Odumosu ordered their arrest after a head-count revealed that the guest at the party were completely above the number stated in the protocol announced by the Presidential Task Force (PTF) on COVID-19.
According to him, the approval for the party was for 100 guests, outdoor, not indoor. The party had more than 300 guests in d Hall contrary to the Safety Commissions’ approval for events. And due to this, the place has been sealed up while the organizers have been arrested.
BIG STORY17 hours ago
Joe Biden Revokes Trump’s Visa Ban On Green Card Applicants, Says US Businesses Harmed
BIG STORY2 days ago
Cryptocurrency Ban: It’s In The Best Interest Of Every Nigerian, Says Emefiele
BIG STORY21 hours ago
“Agreement With Us Was Breached, Buhari Should Come For Peace Talks” – Bandit Leader, Halilu Sububu [VIDEO]
BIG STORY1 day ago
Apapa Gridlock: Lagos Govt, NPA Talk Tough, To Impound Trucks Parking On Highways
BIG STORY18 hours ago
Invictus Obi To Restitute $10.7million, Forfeits Wedding Ring, Two Cars In Nigeria, N280m To U.S
POLITICS17 hours ago
Stop Disrespecting Me Or I Will Work Against You, Fayose Threatens Makinde