President Goodluck Jonathan on Monday met separately with two leading pastors in the country based in Ogun State.

Jonathan met with the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye; and the Presiding Bishop of the Living Faith Church Worldwide a.k.a Winners Chapel, Bishop David Oyedepo.

The headquarters of Winners Chapel is located in Ota, Ogun State while the Redemption Camp of the RCCG is situated at Mowe along the Lagos-Ibadan Expressway.

The President arrived the Presidential Wing of the Murtala Muhammed Airport, Lagos in the afternoon and was conveyed to the venues of the separate meetings in a helicopter.

The two meetings were said to have been described as “private” and hence were not opened to journalists.

After the closed-door meetings with the two clergymen, Jonathan who was accompanied on the trip by a few aides, returned to Abuja immediately.

Details of discussions at the meetings were not known as of press time.

The Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, could not be reached to comment on the purpose of the meetings as of the time of filing this report.

It would however be recalled that Adeboye and Oyedepo were mentioned to be part of a team that attempted to broker peace between Jonathan and former President Olusegun Obasanjo before the 2015 general elections.

The two pastors were said to have in January led the President to Obasanjo’s mansion on Presidential Hilltop Estate, Abeokuta, the Ogun State capital for a reconciliatory meeting.

Media reports had it then that Adeboye and Oyedepo were at the meeting at the instance of the former President as one of conditions given by Obasanjo before any meeting with Jonathan could take place.

It was learnt that the men of God were called to be witnesses of what would transpire between Jonathan and Obasanjo during the meeting after the terms of the outcome of previous discussions between the two were allegedly not implemented by the President.

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DATE: 1ST OF MAY, 2015
TIME: 10AM
VENUE: NO 13, BABS OGUNWOLE STREET, OPP. SAMADOLA MINI ESTATE, NEW OKO-OBA, LAGOS.

A Federal High Court in Lagos has further reserved ruling till May 27, 2015, on the preliminary objection filed by the founder, Living Faith Church, a.k.a. Winners’ Chapel, Bishop David Oyedepo, against the N1.86bn claim by a stock brokerage firm.

The firm, Valueline Securities and Investment Limited, and its Managing Director, Samuel Enyinnaya, had sued Oyedepo for alleged breach of contract in a N9bn stock market deal.

Also joined in the claim are Oyedepo’s family, his book publishing company, the Winners’ Chapel and the Nigerian Stock Exchange.

The plaintiffs particularly accused the NSE of bias in its investigations into the N9bn business dispute.

They prayed the court to declare as illegal, the freezing of their bank accounts by NSE and to make an order to immediately unfreeze their accounts.

But Oyedepo, through his lawyer, Mr. Chioma Okwuanyi, had urged the court to discountenance the plaintiffs’ claims and to decline jurisdiction over the case which was the fallout of a capital market transaction.

The ruling on the objection was, however, adjourned for the third time till May 27, the parties having filed and moved their final written addresses since February 26.

In the three-ground preliminary objection, Okwuanyi contended that by the provisions of Section 34 of the Investment and Securities Act, only the Investment and Securities Tribunal had the vested authority to entertain a dispute between a capital market operator and his client and not a Federal High Court, to which the plaintiff had brought the matter.

The lawyer argued that the plaintiffs’ suit as presently constituted before Justice Mohammed Yunusa was premature, as the plaintiff had yet to explore all the avenues laid down to resolve such a dispute before heading for the court.

“My Lord, what we are saying is that, going by the reliefs sought by the plaintiffs, they have said that this issue is a simple contract relating to investment portfolio management and our contention is that issues of simple contracts are never within the jurisdiction of the Federal High Court.

“Also, going by the Clause 14 of the Investment Management Agreement, this matter as presently constituted is premature. What clause 14 prescribed is that parties would resort to arbitration to resolve all disputes.

“My Lord, Section 251 of the constitution does not donate jurisdiction to this court in respect of capital market. We therefore urge your Lordship to uphold our objection and to strike out this suit or refer the case to the Investment and Securities Tribunal or to arbitration,” Okwuanyi had submitted.

In its own objection, the NSE, through its counsel, Mr. M.O. Liadi, had also contended that the plaintiffs ought to have approached the NSE council to ventilate their grievances rather than approach the Federal High Court.

“Given the complaints of the plaintiffs against the decision of the applicant, the plaintiffs ought to have approached the applicant’s council and if still unsatisfied, the plaintiff is obliged to proceed to the Securities and Exchange Commission.

Source: Punch

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