Saturday, 7 August 2021

Suru Homes CEO arraigned for selling property he used as collateral for N1.7bn loan

Chief Executive Officer of Suru Homes Limited, Edward Akinlade, was, on Thursday, arraigned before an Ikeja Special Offences Court for allegedly selling his company’s property which he used as collateral for a Fidelity Bank loan.

Chief Executive Officer of Suru Homes Limited, Edward Akinlade. [citypeopleonline]
Chief Executive Officer of Suru Homes Limited, Edward Akinlade. [citypeopleonline]
The News Agency of Nigeria (NAN) reports that Akinlade and his company were arraigned on a 10-count charge of stealing and issuance of dud cheques.

The Economic and Financial Crimes Commission (EFCC) preferred the charges bordering on attempted fraud against the defendants who, however, plead not guilty.

According to EFCC Prosecutor, Mr Temitope Banjo, Akinlade committed the offences sometime in 2017 in Lagos.

“The defendant, with intent to defraud, converted the property, situated at No. 11A, Lawson Adeyemi St., Ikoyi, Lagos, by selling it without the knowledge of the bank and diverting the proceeds of the sale.

“The property was part of a legal mortgage he had used as part of collateral to secure a loan of N1.7 billion from Fidelity Bank Plc,” the prosecutor said.

Banjo said that on Sept. 8, 2017, the defendant issued nine separate dud Guarantee Trust Bank (GTB) cheques of N10 million each to Fidelity Bank Plc.

“When the cheques were presented for payment, they were dishonoured on the grounds that no sufficient funds were standing in the credit of the account,” he said.

According to the prosecutor, the offences violate Sections 1(1)(a)(b) and 2 of the Dishonoured Cheques Offences Act, 2004 and Section 284 of the Criminal Law of Lagos State, 2011.

After the arraignment, the Defence Counsel, Mr Lawal Pedro (SAN), said that he only became aware of the charges against Akinlade on Aug. 5.

In response, Pedro said that he had filed a bail application and had just served a copy of the application to EFCC.

Responding, the EFCC prosecutor acknowledged receipt of the bail application and told the court that he needed some time to respond to it.

“My lord, the charges have been filed since 2020 and it was impossible and very difficult to get the defendant arrested until yesterday.

“The Bank Fraud Section of the EFCC had, on several occasions, put calls across to the defendant to no avail.

“He jumped administrative bail and he is being investigated by four sections of the EFCC,” Banjo said.

Justice Oluwatoyin Taiwo, in a ruling, granted Akinlade bail in the sum of N30 million, with two sureties in like sum.

“One surety shall be a legal practitioner and the second shall be a close relative of the defendant.

“The sureties shall swear to affidavits of means and their home and office addresses shall be verified by the court,” she said.

The case was, thereafter, adjourned till Oct. 11, for trial.

Sunday, 1 August 2021

Creative Industry Group, MCSN, PMAN Partner For First Ever Creative Conference


Nigeria’s umbrella outfit for creative industry, Creative Industry Group, has positioned itself to set the ball rolling in putting talents and exclusive initiatives into the path of profitability and reward, as it is set to partner the all-encompassing Performing Musicians Employers Association of Nigeria  and  leading PR company, Empressive Media to launch the first ever convergence for all creative minds in Nigeria to discuss the way forward amid the major challenge bedevilling the industry; Copyright

 Tagged “The Nigerian Creative & Media Conference”, the event is scheduled to hold on Independent day, October 1st 2021 in Lagos and will be aired live for participants across the world to engage.

Speaking with newsmen on Saturday, 31 July 2021 Mr Nosa Omorege, the CIG Publicity Secretary stated that, creativity and artistic careers are now becoming a lucrative business globally and there is an increased awareness among Nigerian Youth as it has offered a new level of opportunity and means for Financial Liberation for young minds.

While the media keeps scouting new young talents in every area of arts and entertainment, we believe these young minds are supposed to be guarded and protected against all forms of manipulations that comes with content exploitation.

The news platforms also have a great deal of work to do in projecting true talents beyond any forms of kickbacks. This program will discuss these issues among many other salient issues that revolves around joining forces with all other copyright platforms.

We intend to bring in MCSN’s Go Create and introduce the app to every content creator to secure their work and let their work be able to put food on their table.” He said


President of PMAN, who lauds the idea commended CIG and all partnering platforms for the initiative and pledged to support in every capacity required from PMAN

“I believe this conference will offer learning opportunities to content curators, bloggers and social media users on creative and branding strategies, monetization opportunities and structured business models, successful digital business principles and other topics that will prove advantageous for Bloggers in all fields. It will also provide a networking opportunity for media practitioners to meet and share their knowledge.” He stated.

It also aims to introduce the new digital networks to the new creative platforms from the stable of PMAN, MCSN, CIG and other platforms that protects copyrights of contents.


Tagged “Monetizing Your Content Amid Limitations”, the event is free to registered participant. But for space constraints only the first 500 proposed participants to register will be sent the admission code to enter the conference venue. All other interested bloggers after the first set of 500 registered participants will be encouraged to watch the live streaming and live feeds of the event This conference is programmed into workshops, keynote presentations, insightful talks, collaborative round table working sessions, and panel discussions from recognized experts in business strategy, customer-relationship building, branding and monetization of social media