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Court Rejects Zenith Bank’s Objection, Imposes N100, 000 Charge in N1Bn Pinnacle/ICPC Suit

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Justice Taiwo Taiwo of the Federal High Court, Abuja, on Friday dismissed a preliminary objection by Zenith bank challenging a suit filed by Pinnacle Communications Ltd (PCL) against the Independent Corrupt Practices and other related offences Commission (ICPC), and the commercial bank.

Court Rejects Zenith Bank’s Objection, Imposes N100, 000 Charge in N1Bn Pinnacle/ICPC Suit

Pinnacle Communications had in July 2018, dragged ICPC and Zenith bank to court for unlawfully withholding its money domicile in the bank without a valid court order, and consequently, is claiming N1billion damages against the agency.

Delivering ruling on the objection of Zenith bank (2nd defendant), the court said the application lacked merit, was frivolous and incompetent.

Justice Taiwo held that Okey Ojukwu, counsel to the commercial bank ought not to have filed the preliminary objection in the first place because the December 14, 2018, judgement of Justice Nnamdi Dimgba, which voided and nullified the freezing of account of Pinnacle Communications domicile in the bank was explicit and unambiguous.

Ojukwu had in the preliminary objection of the bank claimed that the action it took by withholding the account of PCL was a “lawful act”.

Justice Taiwo said the objection by the bank was filed out of misconception and only amounted to a waste of the court’s precious time.

“The application of the second defendant is an invitation to this court to sit on appeal on the decision of my learned brother Dimgba J. of Dec.14, 2018.

“This court, with all due respect to the second defendant shall not fall into that error.

“The application is not only incompetent and an abuse of court process, it is one brought without carefully and painstakingly understanding the ruling my learned brother gave on the interlocutory injunction” Justice Taiwo held.

Consequently, the Judge reasoned that “This type of application should be discouraged by the court and counsel, and to discourage counsel from filing such frivolous application, the court must come down hard on counsel who filed such applications either on their own or on the instruction of their client”.

“I therefore find no merit in this application and it is accordingly dismissed having held that the application is frivolous, time wasting, incompetent and an abuse of court process.

“I shall fail in my duty as a judge if I do not award cost. Therefore, I award N100,000 against the second defendant in favour of the plaintiff” Justice Taiwo stated.

By the suit marked FHC/ABJ/CS/779/18, Pinnacle Communications is seeking “A declaration that the act of the 1st defendant (ICPC) in ordering the 3rd defendant to place a “post-no-debit” restrictions on the plaintiff’s account with the 2nd defendant without any court order and or any valid court order is ultra vires, unlawful, injurious, unconstitutional and a breach of the plaintiff’s right to its movable property.

The plaintiff is also seeking, “A declaration that the act of the 2nd defendant in placing a “post-no-debit” restrictions on the plaintiffs account number 1012875804 with the 3rd defendant without any court order and or any valid order is unlawful, injurious, unconstitutional and a breach of the plaintiff’s right to its movable property.

More so, PCL wants, “A declaration that the failure of the 2nd defendant to right the wrongful act of the first defendant in ordering a “post no debit” restrictions on the plaintiff’s account with the 2nd defendant without a valid court order is unlawful, illegal, unconstitutional and a breach of the plaintiff’s right to its movable property.

Further more, the plaintiff is seeking “An order of perpetual injunction restraining the defendant from placing any restrictions on plaintiff’s account with the 2nd defendant without a valid and competent court order.

“An order of perpetual injunction restraining the 1st defendant from placing any form of restrictions on the plaintiff’s account with the 2nd defendant and or any other bank or financial institution in which the plaintiff maintains any account and or dealings, without a court order and or valid and competent court order.

“An order for the payment of the one billion naira as general, exemplary and punitive damages against the defendant for their unlawful and illegal act.

 

 

 


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NIPR Postpones Maiden PRICE Awards to January 25, 2026

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Nigerian Institute of Public Relations (NIPR) has announced the postponement of its maiden annual Public Relations, Reputation, Ideas, Concepts and Excellence (PRICE) Awards and Prizes to January 25, 2026.

NIPR Postpones Maiden PRICE Awards to January 25, 2026

NIPR

The event, earlier scheduled for December 7, 2025, was deferred to accommodate stakeholders whose observance of Christmas festivities had commenced earlier than expected.

Chairman of the Organising Committee, Mr. Israel Opayemi, urged stakeholders to note the new date and prepare to participate in the ceremony.

He said the awards would motivate professionals, practitioners and scholars, while enhancing Nigeria’s global competitiveness in the public relations ecosystem and strengthening brand equity for all stakeholders.

Opayemi reaffirmed the Committee’s commitment to delivering a best-in-class award administration and ceremony, describing the PRICE Awards as a credible and enduring platform to identify, celebrate and elevate outstanding individuals, campaigns and organisations shaping the public relations landscape across sectors.

The development of the PRICE Awards peaked in September 2025 when the NIPR President and Chairman, Council, Dr. Ike Neliaku, inaugurated a 12-man committee to organise the maiden edition. The inauguration followed the Council’s adoption of the report of a technical team tasked with establishing the awards.


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Netflix Seals $82.7bn Deal to Acquire Warner Bros., HBO Max

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Netflix has announced a landmark agreement to acquire Warner Bros. and HBO Max in a transaction valued at $82.7 billion, a move analysts say will reshape the global entertainment industry.

Netflix Seals $82.7bn Deal to Acquire Warner Bros., HBO Max

Netflix

The deal, which includes Warner Bros.’ film and television studios, HBO, HBO Max, and Warner Bros. Games, was unanimously approved by the boards of both companies. Under the terms, Warner Bros. Discovery (WBD) shareholders will receive $23.25 in cash and $4.50 in Netflix shares for each WBD share.

Netflix co-CEO Ted Sarandos described the acquisition as “a defining moment” for the streaming giant, noting that the company intends to maintain Warner Bros.’ current operations while expanding its production capacity.

“By combining Warner Bros.’ incredible library of shows and movies with Netflix’s culture-defining titles, we can give audiences more of what they love and help define the next century of storytelling,” Sarandos said.

The transaction is expected to close within 12 to 18 months, following the planned spin-off of WBD’s TV networks division, Discovery Global, in 2026. Netflix projects annual cost savings of $2–3 billion by the third year after completion and expects the deal to be accretive to earnings per share by year two.

Industry groups, including the Directors Guild of America and Cinema United, have raised concerns about the impact on movie theaters, while regulators are expected to scrutinize the deal over antitrust issues. Netflix has pledged to continue supporting theatrical releases, with Warner Bros.’ cinema commitments running through 2029.

Warner Bros. Discovery CEO David Zaslav hailed the agreement, saying it “combines two of the greatest storytelling companies in the world to bring to even more people the entertainment they love.”

Observers note that the acquisition comes 15 years after former Time Warner chief Jeff Bewkes dismissed Netflix as “the Albanian army,” underscoring the dramatic shift in the entertainment landscape.


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It is Official, DStv Confirms Termination of 16 Major Channels

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A major shake‑up rocks viewers and subscribers of DSTV/GOTV as many channels are set to shut down and be removed on January 1, 2026.

It is Official, DStv Confirms Termination of 16 Major Channels

The trigger for the upcoming shut‑down is a breakdown in negotiations between the owners of multiple global channels and the pay‑TV operator.

As of December 2025, the deal between Warner Bros. Discovery (WBD) and DStv/GOtv has expired and the two parties have not reached a renewal agreement.

Without a new carriage/distribution agreement, the channels belonging to WBD risk being pulled off the DStv/GOtv line‑up.

This is the most significant content cutback the service has seen in years.

The affected channels are:

Discovery Channel

TLC

Cartoonito

Cartoon Network

CNN International

Food Network

The Travel Channel

TNT

Investigation Discovery

Real Time

HGTV

Discovery Family


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