S.J News• [May 21, 2011]

S.J News• [May 21, 2011]• http://sjnewss.blogspot.com/ Fmr NSE DG's Removal Overturned: Prof Ndi Okereke-Onyiuke's (fmr DG, Nigeria Stock Exchange) removal by Securities & Exchange Commission (SEC) overturned 10 months after by Federal High court, Lagos; N500m awarded for damages. Jonathan to Meet Sarkozy: President Jonathan to hold bilateral talks with President Nicolas Sarkozy (French President) in Yamoussoukro as part of his visit to Cote d’Ivoire. EFCC v Nwosu: Lagos State High court fixes May 24 for ruling on bail application filed by Mr Okey Nwosu (fmr Finbank MD/CEO) & 3 other associates; Arraigned by EFCC for alleged theft of N10.9 bn. Police Protest in Lagos: Over 600 Nigerian Police contingent to Liberia, Haiti & Sudan on Peace-keeping missions protest over non-payment of foreign allowances ($6,000 each) by Nigeria Police High Command, Abuja. EFCC v Atuche: Lagos High court defers ruling on bail application by Francis Atuche (erstwhile Bank PHB MD) & 2 associates till May 25; Arraigned on a 3-count charge for allegedly stealing over N11.4bn bank money between Nov 2007 & Sept 2008. Paul Unongo Suspended: PDP suspends Wantaregh Paul Unongo (elder statesman & erstwhile minister of steel) from party over alleged anti-party activities. IMF Chief Released from Jail: Dominique Strauss-Kahn (erstwhile IMF Chief) released 4rm jail on Friday after spending 4 nights under suicide watch in Rikers Island jail, New York; To be held under house arrest near ground zero; Arrested for alleged sex offences.