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 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 Radheed 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 alleged to be owing by the defendants. 

      According to an affidavit in support of the debt recovery suit sworn to by Skye bank legal officer Mr Oladapo Olowo and filed before the court by a Lagos lawyer, Barrister oluwakemi Balogun SAN, it was alleged that  Tropical Merchants limited company on the 13th of December, 2012,applied for and was granted a contingent loan in the sum of $2,820, finance the importation of 3000 Metric Tons of Petroleum from Addax Energy SA for Mobil Nigeria Plc 

      The loan was secured by notarized statement of Networth and personal guarantee of the Managing Director/Chief Executive officer of the company  Ayinde Bakare while a Director of the company Chief Rasheed Alaba Williams wrote a letter of consent to mortgage his property situate at 13/15 Lake street, Lagos as security for the loan and deposited the title deed of the property with the bank. 

       Mr Olowo averred further that, The Tropical Merchants limited company indebtedness to Skye bank Plc has become due and payable but neither the company, Ayinde Bakare  and  Rasheed Alaba Williams has taken steps to liquidate the debt. Which stood at N818,416,976.26 as at 31st of May, 2017,despite repeated demands.
    The bank is at loss as to the whereabout of the defendants having left their last known addresses, hence the apprehension that the relocation may be preparatory to carrying out their threat to dispose of the assets of the company in order to frustrate the bank from just recovery of the sum due.
      Consequently, the bank is urging the court to restrain the defendants and their agents from making withdrawal from their accounts in 22 commercial banks or any financial institutions in Nigeria pending the hearing and determination of the substantive suit .

  The bank is also seeking the order of the court directing the banks listed before the court to sequestrate within three days of receipt or service of the order, all and or any cash in banks, bonds, deposit,real estate,stocks, all forms of negotiable instrument in all stock broking firms, discount houses,microfinance banks and all licensed banks in and/or outside Nigeria in the name of the defendants up to the outstanding indebtedness in the sum of N818,416,976.26 and keep same in an interest yielding account in the name of the Chief Registrar of the court pending the determination of the suit

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Adron Homes Begins Massive Giveaway for Customers in ‘Sallah Repete’



Nigeria’s leading real estate firm, Adron Homes and Properties Limited has unveiled its annual promo and discount sales in celebration of the Ileya season tagged: 2023 ‘Sallah Repete’.


In the 2023 ‘Sallah Repete’, customers will be given discounted prices for land purchased alongside mouthwatering prices and a flexible payment plan.


According to the company, it launched the promo to encourage all and sundry, and not just Islamic faithful, to key into the festive season to become land and homeowners.


In the promo, customers will be given 30%, 40% and 50% discounts on all land purchased, with the balance spread for 30 months for premium estates littered across the country, including Lagos, Ogun, Osun, Oyo, Ekiti, Niger, Nasarawa and Abuja.


The company, in a statement signed by its Director-General of Sales and Marketing, Olubunmi Akinfe, said the annual Ileya Sallah Repete promo is a yearly sales promo carried out to open more windows for existing and prospective customers who are willing to become homeowners at significantly discounted prices with flexible payment plans and also give them a massive reward with jaw-dropping prizes.


“For the Sallah Repete Promo, we have lots of prizes in stock for our customers who purchase lands in any of our estates across the country”, Akinfe said.


Continuing, the DG sales and marketing added: “We will be giving out prizes like rams, goats, rechargeable fans, home theatres, water dispensers, electric kettles, refrigerators, food processors, vacuum cleaners, bags of rice, cooking oil, gas burners, mini food packs, washing machines, deep freezers, smart TVs, generators and a whole lots of prizes.


“Customers will be gifted these prizes in the spirit of Ileya celebration for the 2023 Sallah Repete across our offices”, Akinfe said.


The promo, according to Adron Homes and Properties, will run between now and August 2023, and is open to both its existing and new customers, as they smile home with various gift items from the real estate company.


Akinfe further added that the purpose of the gift sharing is to appreciate the support and commitment of existing and prospective customers and urge them to do more and tell their family and friends to also key into the ongoing promo, adding that “at Adron Homes, the more, the merrier.”


She added: “Customers have started picking up their gifts from our offices. Scores of people are already subscribing to our plans. We are extending it beyond the Sallah period to allow as many who want to be homeowners to key into this opportunity by purchasing land at our estates at the most affordable prices with seamless payment plans”.


It will be recalled that Adron Homes and Properties, which recently clocked 11 years in the real estate business, has over the years bridged the gap in affordable housing for Nigerians by developing state-of-the-art estates with modern facilities like; concrete drainage and roads, recreation parks, massive gatehouse, security, street light, Grocery stores and a host of other interesting developments, making the estates habitable and comfortable for residents.


At the 11th anniversary celebration, the company reiterated its commitment to continually change the status of more low-income earners across the country from tenants to landlords by opening more estates across the country and sticking to its mission statement which is creating affordable housing.

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“I Killed Him And Used His Blood To Make Money Rituals (Oshole) for Yahoo Boys” – 22-year Old Ritual Killer Confesses



A 22 year old suspected ritual killer, Idowu Talabi from Ikenne-Remo has been arrested by the Ogun State police command for killing a tenant, Tobi Yisua, who lives in his maternal grandfather’s house.


During interrogation by a reporter of Alaroye, a dedicated Yoruba news platform, Idowu Talabi confessed to committing the crime.


He said, “he (Tobi Yisua) is a lotto operator (Baba Ijebu). Whenever he keeps money at home and they steal the money, he will accuse me of stealing his money.


One day, he was sleeping on the bed in his room, he did not lock the door, he only locked the net outside. When I wanted to enter, I used knife to cut the net and I unlocked it.


When I entered his room, I saw him sleeping naked on the bed lying face down and I landed the cutlass I was holding at the back this neck. When I saw that he was trying make noise, I used pillow to cover his mouth and used the cutlass on him again.


After killing him, I took part of his blood and mixed it to prepare “Osole”, money ritual charm. I made the charm to sell it to customers who will be interested in it, I did not do it for myself.”


Asked how he knew how to make the charm? He said he saw it in his father’s account.


On how he was exposed? he said, “the second day, when the wife of the deceased came from church, she found the dead body of her husband on the bed. She then came to me in the backyard, locked my shirt and accused me of killing her husband. When I got to the police station, I confessed to the police that I was the one that killed her husband.”

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