Author: Chronicle Editor

In a bid to recover a debt of N818,416,976.26, Skye Bank Plc has dragged a limited liability company Tropical Merchants Limited and two Directors of the company, Ayinde Bakare and Chief Rasheed Alaba Williams before a Federal high court in Lagos. The bank is seeking an order of the court to sequestrate all cash belonging to the defendants in 22 commercial banks in Nigeria up to the outstanding indebtedness in the sum of N818,416,976.26 being the debt allegedly owed it. According to an affidavit in support of the debt recovery suit sworn to by Skye bank legal officer Mr Oladapo…

The Islamic State group executed dozens of civilians this month in the Syrian desert, a monitor said Monday, in a gruesome massacre as the jihadists see their “caliphate” collapse. The extremist group last week lost its key Syrian stronghold of Raqa, the latest in a string of setbacks for the jihadists who are facing multiple offensives in both Syria and neighbouring Iraq. The Syrian Observatory for Human Rights, a Britain-based monitor, said IS fighters massacred more than 100 people in the desert town of Al-Qaryatain this month before they lost it to regime forces. “IS has over a period of…

Everton have sacked manager Ronald Koeman after Sunday’s 5-2 home defeat by Arsenal left them in the Premier League relegation zone. A statement said the club “would like to express their gratitude to Ronald for the service he has given to the club over the past 16 months”. The Toffees are 18th in the Premier League and have won just two of their nine league games this season. https://twitter.com/Everton/status/922439954483044352 “I still believe I can change the whole situation,” Koeman had said on Sunday. Koeman became the third Premier League managerial casualty of the season after Frank de Boer left Crystal…

Sixteen persons were killed Sunday night when suicide bombers attacked two locations in Maiduguri, the capital of Borno State, by detonating the improvised explosive devices (IEDs) strapped on their bodies. The Commissioner of Police, Borno State Command, Mr. Damien Chukwu, in an SMS sent to journalists Monday, said the attacks happened at the notorious Muna garage area where many had been killed in the past by the suicide bombers, and at Muna Dalti. Read Also Police arrest man for allegedly killing a commercial sex worker The message of the commissioner read: “On 22-10-2017. Date at about 2020hrs, a male suicide…

Residents of the Garden City of Port Harcourt, Rivers State, last Saturday, commended Globacom for giving them an evening of fun and merriment as the Glo Mega Music Nationwide Tour landed in the Trans Amadi area of the city. The show, the second to be organised in the city, took place at the Hub Event Centre, which was filled to its capacity with attendees. One of the guests, Nkemere Divine, who said she had attended all the four Glo shows organised in the city, commended Globacom for organising a show of that magnitude free-of-charge and urged other corporate organisations to…

The police in Enugu State have arrested a man who allegedly stabbed a commercial sex worker to death on Sunday, following a disagreement he had with the woman. The Police Public Relations Officer (PPRO) SP Ebere Amaraizu, in a statement he issued on Monday, said that the incident happened at about 3:30 a.m. at Onuato Street, Enugu. Amaraizu said that the victim accompanied the suspect to his apartment where they had a disagreement which resulted in a scuffle that led to her death. He said that the suspect, who picked up the sex worker at Rangers Avenue on Oct. 22,…

The Edo State Command of the National Drug Law Enforcement Agency (NDLEA) has arrested 86 people, suspected to be trafficking illicit drugs. The Commander of the agency in Edo, Mr Buba Wakawa, told the News Agency of Nigeria (NAN) in Benin on Monday that the suspects were arrested between July and September this year. According to him, the suspects are made up of 61 males, including a Malian and 25 females. Wakawa said that 2, 930 kg of hard drugs were seized within the period and that 46.8 hectares of suspected cannabis farms were also destroyed. The commander said the…

The scramble to acquire 9mobile, Nigeria’s fourth largest network operator, promises to be very competitive, as 16 firms have submitted expressions of interest (EoIs) to Barclays to bid for 9mobile. Companies that have expressed interest in 9mobile, which until recently was Etisalat Nigeria Limited, until a debt default forced its former owner to relinquish its stake in the firm and exit Nigeria, include Africa’s biggest telecoms operator, MTN; India’s Bharti Airtel, operating as Airtel in Nigeria; and ntel, which in 2015 acquired the assets of the defunct NITEL and MTel through the federal government’s privatisation programme. Also in the race…

Japanese Prime Minister Shinzo Abe has promised strong “counter-measures” against North Korea, after winning a decisive victory in Sunday’s election. Mr Abe had called an early election for a greater mandate to deal with “crises”, including the growing threat from Pyongyang, which has fired missiles over Japan in recent months. His ruling coalition has retained a two-thirds majority in parliament. This paves the way for Mr Abe to amend Japan’s post-war pacifist constitution. The prime minister has previously called for the existence of the country’s armed forces to be formalised, a controversial move which he says is needed to strengthen…

The World Health Organization has revoked the appointment of Zimbabwe’s Robert Mugabe as a goodwill ambassador following a widespread outcry. “I have listened carefully to all who have expressed their concerns,” WHO head Tedros Adhanom Ghebreyesus said in a statement. He had previously praised Zimbabwe for its commitment to public health. But critics pointed out that Zimbabwe’s healthcare system had collapsed in recent years. During the first 20 years of his 37-year rule, Mr Mugabe widely expanded health care, but the system has badly been affected by the collapse of the Zimbabwean economy since 2000. Read Also Turkey, Nigeria agree…