Aluko & Oyebode Dismisses Allegations, Clarifies Advisory Role With Ministry of Industry, Trade and Investment - THISDAYLIVE

A leading law firm, Aluko & Oyebode, has dismissed allegations making the rounds in the media against its chairman, Mr. Gbenga Oyebode, on his role in the establishment of Nigeria SEZ Investment Company Limited, a special purpose public-private partnership entity initiated by the Federal Ministry of Industry, Trade and Investment.

The firm added that no employee or representative of the firm was ever arrested or detained; neither did any of its employee or representative engage in or was accused of any wrong doing. Aluko & Oyebode also revealed that it had willingly provided all the relevant information and documentation to the relevant agencies of government to assist them in their investigation of its strictly professional role in the incorporation of the company.

“The firm reserves the right to defend its reputation and seek redress through all legal avenues against the perpetrators of the allegations,” the statement said. The firm further clarified its role as interim nominee shareholder in the company saying, “at inception, the scope of legal services included acting as a nominee shareholder in the company ahead of the completion of the investment agreements with third party institutional investors and international development finance institutions, which include African Export-Import Bank, Nigerian Social Investment Authority and Bank of Industry.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Collaboration, Investment Will Drive AI Technology in Africa' - THISDAYLIVEEmma Okonji in Dubai, UAE Counting on the gains of Artificial Intelligence (AI) technology in nation building and development, participants at the just concluded AI forum in Dubai, United Arab Emirates (UAE), have insisted that effective collaboration between government and the private sector will speed up development among African countries. They also called for proper …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

Sadiku: $90.9bn Worth of Investment Interest Recorded in 2018 - THISDAYLIVEJames Emejo in Abuja The Executive Secretary/Chief Executive, Nigerian Investment Promotion Commission (NIPC), Ms. Yewande Sadiku has said about $90.9 billion worth of investments were recorded in the country last year. Speaking during an interaction with Commerce and Industry Correspondents Association of Nigeria (CICAN) in Abuja, she said there were 92 projects covering 23 states …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »

NSIA to Increase Investment in Infrastructure - THISDAYLIVEThe Nigeria Sovereign Investment Authority (NSIA), manager of Nigeria’s sovereign wealth fund, has indicated its preparedness to deploy more capital towards developing infrastructure in the country. The agency disclosed this in its audited financial results for the 2018 financial year released recently. The NSIA recorded strong performance in a year when many international markets under-performed …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »