December 4, 2022

Global News

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Controversial Businessman, Jimoh Ibrahim Dragged To Court Over Tax Evasion

3 min read

Jimoh-BuraimA multibillion naira suit has been slammed on controversial businessman, Barrister Jimoh Ibrahim by the Federal Inland Revenue Service (FIRS) for evading tax that is meant to be paid on his moribund airline, Air Nigeria. FIRS has asked Jimoh to appear in court for failing to pay the tax that as we speak has piled up and is now to the tune of billions of naira.

Last week, FIRS brought Ibrahim’s atrocities to the attention of the public when it published the money Ibrahim owes the agency and of course if he doesn’t pay up, he will be made to face the full wrath of the law. Ibrahim, a lawyer, businessman, and politician is not new to controversies.

Recall that just in September, a US district judge Katherine Forrest ordered the controversial Nigerian businessman to pay over $10 million for failing to meet his obligations on two aircraft he leased for the operations of his Nigerian air traffic business that is now grounded. Mr. Ibrahim had personally guaranteed the leased aircraft on behalf of his defunct airline, Air Nigeria.

In her ruling, Justice Forrest had ordered the shady Ibrahim to pay up the initial $8 million owed to Aersale Inc., the owners of the leased aircraft. In addition, the judge ruled that Mr. Ibrahim must pay interests on the lease as well as legal fees.

Delivered in the form of a summary judgment, the ruling criticized the Nigerian businessman for seeking loopholes to enable him to disown the lease guarantee. She ruled that his legal schemes could not invalidate the lease agreement.

Mr. Ibrahim had challenged the authenticity of the lease document he had personally signed on behalf of Air Nigeria. He claimed that some pages of the lease document were not initialled. He also claimed that the passport number used on the document was from one of his expired passports. In addition, he tried to shift the blame for his business decisions on the moribund airline’s former managing director, Kinfe Kassanye, claiming that the former MD misled him into signing the lease.

But an unimpressed Judge Forrest dismissed Mr. Ibrahim’s pleadings, describing the case as a straightforward issue of breach of contract. She added that Mr. Ibrahim did not deny that he signed the lease and was well aware of its implications. The judge also denied Mr. Ibrahim’s request to have Air Nigeria named as the main defendant in the case.

The ruling has been certified, and Judge Forrest asked the plaintiffs, Aersale, Inc., to file papers in the form of a motion detailing the full scope of the company’s interests and costs. The firm’s filings are expected to include how much it cost the company to hire attorneys to file and pursue the lawsuit against Mr. Ibrahim.

Air Nigeria collapsed a few days after a Dana Airways flight crashed in a Lagos suburb, killing all passengers on board as well as some people on the ground.

A whistle-blower who worked for Air Nigeria, John Nnorom, provided detailed information of the depth of the airline’s financial and technical crises. Mr. Nnorom and other anonymous staff sources said Air Nigeria would have sustained a tragic air crash because Mr. Ibrahim was more interested in carting away profits than in maintaining the aircraft in his airline’s fleet. They also revealed that he owed numerous service maintenance providers and lessors huge sums of debt.

The revelations compelled the Nigeria Civil Aviation Authority to revoke the airline’s air worthiness certificate, leading to its collapse.

A New York-based lawyer told Sahara Reporters that Aersale, Inc. would likely seek the seizure of Mr. Ibrahim’s private jet as part of a broader strategy to recouping debts owed to them.

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2 min read

UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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2 min read

UBA Foundation Rings in The Yuletide Season, Lights Up the Lagos Marina Africa’s Global bank, United Bank for Africa, through its Corporate Social Responsibility Arm, the UBA Foundation, on Tuesday, held its annual Christmas Lighting ceremony to mark the start of the festive season. The brilliant Christmas Lights of the UBA Foundation Gardens at the UBA Head Office on the Marina in Lagos, were activated by the bank’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, in a grand ceremony which was witnessed by key management staff and some customers of the bank. Alawuba, who addressed attendees at the ceremony, reiterated that the annual Lighting event is a symbol of hope for the coming year, the future and all the goodness it will bring into people’s lives. Alawuba said, “The UBA Foundation is focused on touching lives and giving back to its host communities. UBA through its foundation, the UBA Foundation desire remains is committed to improving lives in whatever way we can. We want to give back always and this event is quite symbolic as it represents the affinity we have towards our customers, employees and associates as well as our communities.” The CEO of the UBA Foundation, Mrs Bola Atta, said that the Christmas lighting ceremony was important for the Foundation adding: “Today is significant. All over the world, it is known in the advent period as Giving Tuesday. It is a time to give back to those who don’t have enough. It is a time to shine light on others, to give hope and give gifts. Today we gave out a lot of gifts and people were happy as we lit up the Foundation gardens to symbolise joy and hope. We are constantly reminded as an institution, of our promise to continue to touch lives and show kindness. In these difficult times, sharing even a little bit, goes a long way.” The lighting ceremony was attended by UBA staff members and customers who were serenaded with Christmas carols by the UBA Customer Fulfilment Centre’s choir. It ended with a guided tour around the UBA Foundation gardens on the Lagos Marina. Over the years, the UBA Foundation has been very active in creating sustainable development in its host communities and as part of its corporate social responsibility, the Foundation will be feeding tens of thousands of people across Africa during this festive season. UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, the Environment, Economic Empowerment and other Special Projects.

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