Jimoh Ibrahim, NICON to challenge AMCON takeover of assets - Newstrends
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Jimoh Ibrahim, NICON to challenge AMCON takeover of assets

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NICON Investment and billionaire businessman Jimoh lbrahim are set to approach the court for an order quashing the interim injunction obtained by AMCON against them.
AMCON had in a statement last week said it had taken over Ibrahim’s assets over an unsettled N70 billion loans obtained from Union Bank.
AMCON listed the assets as the building of NICON Investment Ltd at Plot 242, Muhammadu Buhari Way, Central Business District, Abuja; NICON Hotels Ltd on Plot 557, Port-Harcourt Crescent, Off Gimbiya Street, Abuja and the building of NICON Lekki Ltd also on No. 5, Customs Street, Lagos.
Others are the building of Abuja International Hotels Ltd located on No. 3, Hospital Road, Lagos; another Property on Plot 242, Muhammadu Buhari Way, Abuja; the former Allied Bank Building on Mile 2, Oshodi ExpressWay, Apapa Road, Lagos; Energy House located on No. 94, Awolowo Road, Ikoyi, Lagos; NICON Building at No. 40, Madeira Street, Maitama, Abuja; a Residential Apartment at Road 2, House A14, Victoria Garden City, Lagos; NICON Hotels Building at Plot 3, Road 3, Victoria Garden City, Lagos as well as the NICON Luxury Hotel’s Building, Garki I, FCT, Abuja.”
A report by The Nation said both NICON Investment and Ibrahim would plead before the court that the order granting AMCON possession of the assets was not properly obtained.
They are set to contend that AMCON did not avail the court of all the facts of the dispute between them.
Some of the questions they would want the court to answer are:
• How did AMCON secure a second interim injunction when the first injunction it obtained some years ago had allegedly been discharged?
• Did AMCON inform the court that on October 2, 2019 Justice Oguntoyinbo of the Federal High Court, Lagos, in a suit it instituted against NICON Investment and others, held that in view of the facts contained in the affidavit before the court, the court was minded to stay proceeding in the suit pending the outcome of the suit before a Lagos high court presided over by Justice Oyefeso?
NICON Investment and Ibrahim are wondering if judicial notice was taken of Justice Oguntoyinbo’s ruling in which he said “the lone issue formulated for determination by the court is hereby resolved against the plaintiff (AMCON) and in favour of the defendants (NICON INVESTMENT).”
A NICON Investment executive, in an interview with The Nation, wondered whether Justice Aikawa’s attention was drawn to Justice Oguntoyinbo’s order before the temporary order granting AMCON the possession of the assets was given.
He said, “In the High Court of Lagos before Justice Oyefeso, Union Bank, in her statement of defence filed in court, admitted that Jimoh had a deposit of over £137 million.
“The bank prayed the court as follows: ‘an order for the sale of the funds standing to the credit of the pound sterling fixed deposit account maintained by the 1st defendant to the counter claimant; the proceed of which shall be applied in liquidation or part liquidation of the judgment sum as may be awarded against 1st and 2nd defendant counter claimants.”
According to him, the £137 million with Union Bank is three times higher than the amount he and his companies borrowed from the bank.
Besides, he claimed the bank acknowledged another deposit of £125 million from another company of his, Global Fleet Oil and Gas Limited, making a total deposit of £250 million with it 10 years ago at five per cent interest.
“Out of the total deposit of £250 million with Union Bank, £137million was used to secure the loan, he said adding, who is owing who?” he asked.
Ibrahim and his company, the executive said, are upbeat that AMCON cannot sustain the interim order against him and his companies “because there is no returnable date on the court file.”
He also claimed that AMCON “did not sign an undertaking for a temporary injunction in the event that facts were misrepresented to the court as requested by the rules of the Federal High Court.”
According to him, Mr. Kemi Pinheiro (SAN), AMCON counsel in the new case had represented Union Bank in the suit before Justice Oguntoyinbo while Mr. Yusuf Alli (SAN), represented AMCON. Union bank, according to him, opposed AMCON joining the case at the Lagos High Court.

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Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Former President Olusegun Obasanjo and General Ibrahim Badamasi Babangida
General Ibrahim Badamasi Babangida and Former President Olusegun Obasanjo

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

Former President Olusegun Obasanjo met privately with ex-military ruler General Ibrahim Badamasi Babangida at Babangida’s residence in Minna, Niger State, in a closed-door meeting that has sparked widespread speculation about potential political alignments ahead of the 2027 general elections.

The meeting, which lasted about 30 minutes, drew attention as both leaders emerged as key elder statesmen whose counsel and influence are often sought by Nigeria’s political elite. Neither Obasanjo nor Babangida spoke to journalists after the session, and no official statement was released, fueling discussions about behind-the-scenes strategic planning and coalition-building for 2027.

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Political analysts note that such high-profile consultations are common ahead of major elections, as party leaders, former presidents, and influential figures explore alliances, policy priorities, and national governance strategies. Observers also link this meeting to recent PDP and APC elder consultations, signaling continued efforts by senior politicians to shape the electoral landscape.

The rendezvous underscores Obasanjo’s continuing role as a political kingmaker, leveraging his network and experience to influence party strategies, candidate selection, and national discourse. With the 2027 elections approaching, similar closed-door meetings among Nigeria’s top political figures are expected to intensify in the coming months.

Obasanjo Holds Secret Meeting With Babangida Amid 2027 Election Speculations

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Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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Vice‑President Kashim Shettima

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

There has been widespread anger in Borno State after the All Progressives Congress (APC) omitted Vice‑President Kashim Shettima from the official banner at the party’s North‑East zonal public hearing on constitutional amendments in Maiduguri. The banner, which featured President Bola Ahmed Tinubu, the five APC governors from the region, and the party’s National Legal Adviser, conspicuously left out Shettima, a native of Borno State.

The omission prompted immediate backlash from party leaders, including Abdulkarim Lawan, Speaker of the Borno State House of Assembly, who described it as “provocative and unfair,” stressing that it was inappropriate to sideline a senior party official in his home state. The speaker recalled a similar controversy at an APC event in Gombe State last year, highlighting persistent sensitivities within the party’s North‑East faction.

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Attendees of the Maiduguri hearing, convened to discuss proposed constitutional amendments, expressed support for Lawan’s remarks, with loud applause and calls for the Vice‑President’s recognition. In response, the APC Deputy National Chairman dismissed the exclusion as an oversight by organisers, insisting there was no intention to diminish Shettima’s status and affirming that the hearing’s focus remained on party reforms rather than politics.

The incident comes amid speculation about internal APC dynamics ahead of the 2027 general elections, including questions around representation and leadership within the North‑East. Analysts note that repeated omissions of Shettima at high-profile events could fuel perceptions of internal rifts and affect party cohesion in the region.

Outrage in Borno as APC Excludes VP Shettima’s Photo at North‑East Zonal Hearing

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How to Become a United Nations Online Volunteer in 2026: Step-by-Step Guide

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United Nations

How to Become a United Nations Online Volunteer in 2026: Step-by-Step Guide

Becoming a United Nations Online Volunteer in 2026 offers individuals the opportunity to contribute to global development, peacebuilding and humanitarian causes without leaving their homes. Through the UN Online Volunteering Programme, managed by the United Nations Volunteers (UNV), skilled and passionate people can support UN agencies and partner organisations remotely.

The UN Online Volunteering initiative connects volunteers with assignments aligned with the Sustainable Development Goals (SDGs), covering areas such as research, digital communications, translation, data analysis, advocacy, and project support. Assignments are flexible, fully remote and open to applicants from all countries.

To be eligible, applicants must be 18 years and above. There are no nationality restrictions, and many online roles do not require formal academic qualifications, although relevant skills and experience are often essential. Online volunteering positions are unpaid, but successful participants receive an official UNV certificate, which can strengthen career profiles and international exposure.

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Interested candidates are required to register on the Unified Volunteering Platform (UVP), the official portal for all UN volunteering opportunities. After creating an account, applicants must complete their profiles with detailed information on skills, languages and interests. Volunteers can then search for available online UN volunteer opportunities and apply directly through the platform.

Assignments typically last between a few weeks and three months, with flexible time commitments that can fit around work or studies. Recent and ongoing opportunities include roles supporting UNDP, UNICEF, and civil society partners in areas such as social media outreach, SDG advocacy, research support and community engagement.

Experts say the programme is increasingly attracting young professionals, students and freelancers seeking international experience, especially amid rising interest in remote work and global digital collaboration. With preparations already underway for major UN campaigns in 2026, including global volunteerism initiatives, demand for online volunteers is expected to grow.

The United Nations Volunteers programme encourages interested individuals to apply early and regularly update their profiles to improve their chances of selection, as new opportunities are posted frequently.

How to Become a United Nations Online Volunteer in 2026: Step-by-Step Guide

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