GHL: Layonu, Aju Accuse First Bank of Gross Abuse of Judicial Process Ask court to lift asset-freezing order
Wale Igbintade
Senior Advocates of Nigeria (SANs),
Dr. Abiodun Layonu and Olumide Aju, who are counsels to General Hydrocarbon Limited (GHL), a
Dipeolu considers ruling
Nigeria-based oil and gas services company and other parties in a suit against First Bank Holdings
Plc, yesterday accused the bank of gross abuse of judicial process. In the suit, GHL is seeking to vacate
an order freezing its assets and those of its related entities pending the resolution of a $225.8 million dispute.
During proceedings, Layonu Continued on page 5
Tinubu Lauds Governors for Supporting FG's Tax Reform Initiatives...
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Saturday January 18, 2025 Vol 29. No 10877
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US Supreme Court Upholds Law Banning TikTok...
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IMF Retains Nigeria’s 2025 Growth Projection at 3.2% Says country, others face risks amid external financing challenges
Nume Ekeghe
The International Monetary Fund (IMF) has retained Nigeria’s 2025 economic growth forecast at 3.2
percent and three percent for 2026. This was disclosed in the multilateral institution’s latest World Economic Outlook (WEO) report released yesterday.
The latest projections were same as its predictions in its October 2024 WEO. The fund also maintained its growth projection for Sub-Saharan
Africa for 2025 at 4.2 percent. However, the forecast for 2026 experienced a slight downgrade by 0.2 percent. Speaking on the region's
economic prospects, Division Chief of the IMF Research Department, Deniz Igan at the virtual launch of WEO titled, ‘Global Growth: Divergent and Uncertain’ noted
that one of the critical risks for the region was the limited access to external financing faced by many Continued on page 5
PDP Leadership Tussle Gets Messier as NWC Splits over Rivers Court Judgement Ologunagba, Abdullahi claim spokesman Conflicting court rulings on party scribe divide party
ROTARY INTERNATIONAL VISITS VICE PRESIDENT...
See story on page 5
L -R: Wife of Chair of Trustees, Rotary Foundation of Rotary International, Gay Maloney; Chair of the Trustees, Mark Daniel; Chairman, Sir Emeka Offor Foundation (SEOF), Emeka Offor; Vice President Kashim Shettima; Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate and Deputy Chief of Staff to the President (Office of the Vice President), Sen. Ibrahim Hassan Hadejia, during the courtesy visit of Trustees of Rotary Foundation of Rotary International to the Vice President at the Presidential Villa, Abuja... yesterday