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(Swiss Firms Demand Forensic Audit on Change of Ownership of Union Bank, Articles)
(NFL Week 6- Monday Night Football Injury Report; Rams Thin at CB, 49ers TE Vernon Davis Questionable - Sports - Headlines & Global News)
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San Francisco's starting right tackle Anthony Davis is also  with knee and ankle injuries and did not practice at all last week. He suffered a sprained MCL in Week 4, and  reports Davis will likely miss tonight's game and Jonathan Martin will start in his place. Davis has only appeared in one game this season for the 49ers because a hamstring injury also kept him sidelined for the first few weeks of the year.<br>
  
Swiss Firms Demand Forensic Audit on Change of Ownership of Union Bank<br>
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The 49ers will also be without cornerback Trumaine Brock (toe), who did not participate in practice this week. Backup center Marcus Martin (knee) and backup linebacker Nick Moody (hamstring) are listed as questionable for tonight's game as well, with the rest of those on the  listed as probable.<br>
Tobi Soniyi in Abuja
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Two Swiss firms, GG Private Limited and Rainmaker BV Limited, have requested a Federal High Court in Abuja to order a forensic audit of the change of ownership of Union Bank of Nigeria Plc.
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As for St. Louis, the team will be without cornerbacks  (knee) and (foot) yet again. Johnson suffered a sprained MCL in the preseason and has yet to see any action this year, while McGee has been out since Week 3 with a foot injury. These two defensive backs were expected to play an integral role in the Rams' secondary.<br>
  
The change of ownership of the bank was conducted by the Central Bank of Nigeria (CBN), Chapel Hills Advisory Partners Limited and former CBN Governor, Sanusi Lamido Sanusi, when it was sold to new investors in 2013.
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Running back Zac Stacy (calf) and wide receiver Kenny Britt (knee) are listed as probable and are expected to play along with backup defensive end Eugene Sims (groin). Starting outside linebacker Jo-Lonn Dunbar (groin) is listed as questionable, as are backups defensive tackle Alex Carrington (knee), center Barrett Jones (back) and running back Chase Reynolds (hip). St. Louis could have some  tonight if others were to suffer injuries.<br>
  
<br>
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In the last six meetings,  the series 4-1-1, and given the Rams injury troubles this season, it could continue in the 49ers' favor tonight. Tune in to ESPN at 8:00 p.m. tonight for coverage of .<br><p>Related Articles:</p><ul><li></li><li></li><li></li></ul>
The transaction conferred 85 per cent ownership of UBN on Africa Capital Alliance and United Global Partners Limited.
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The Swiss firms are also demanding an order declaring the decision by the CBN and its former governor to approve United Global Partners Limited and Africa Capital Alliance as core investors and majority owners in UBN as ill-motivated, contrary to the public interest and ultimately injurious to them and other former stakeholders.
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  They also want an order to stop the sale of 9.1 per cent shares of the bank&nbsp; (UBN) to Atlas Mara Co-Invest Limited, a firm owned by former Barclays Bank CEO, Bob Diamond.
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The firms also wants an order restraining the Assets Management Corporation of Nigeria (AMCON) and the United Global Partners Limited (UGPL) with its consortium of investors including Africa Capital Alliance, Corsair Capital, FMO, Richard Chandler Corporation and Chartered Private Equity from effecting the sale of the shares.
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Court processes show that GG Private Limited, owned by Rainmaker BV Limited was appointed by UBN s Board of Directors as its lead financial adviser to conduct a capitalisation and stake-sale mandate to shore up the bank s capital.
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The plaintiffs are also urging the high court to issue an order declaring as ill-motivated, illegal, null and void the replacement of the mandate given by UBN in 2009 to GG Private Limited to act as the bank s Lead Financial Adviser.
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In the alternative, they want an order upholding the Exclusive Mandate Agreement between them and the UBN Board of Directors, mandating them to carry out a stake sale and recapitalisation of the bank.
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They also want a separate order directing a forensic audit of the change of ownership transaction in breach of the Exclusive Mandate Agreement between UBN and the plaintiffs.
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Besides, they are urging the high court to declare as ill-motivated and unjustifiable the classification of UBN by CBN and Sanusi as a distressed bank.
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They are claiming $41.350 million damages from the defendants including both CBN and AMCON over the alleged role they played in unlawful cancellation of the mandate given to GG Private Limited by UBN and a separate N100million damages for loss of their investments in UBN since 2009.
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In the writ of summons filed by the chambers of Prof. Awa Kalu (SAN) on behalf of GG Private Limited and Rainmaker BV Limited, they alleged that UBN was indeed strong at the time the CBN classified it as distressed for ill-motivated purpose.
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They also claimed that the Sanusi-led CBN deliberately handpicked individuals including the former Managing Director, Funke Osibodu, to manage the affairs of UBN after declaring it distressed.
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They also posited that the Chapel Hill Advisory Partners Limited approved as an adviser to CBN in their place for stake sale and change of ownership transaction was not fit and proper to superintend the transaction.
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They argued that the Chapel Hills Advisory Partners Limited was owned partially by captains of other banks who are industry competitors, as evidenced by details of the Board of Directors of the company sourced from Corporate Affairs Commission (CAC).<p>Related Articles:</p><ul><li><a href=http://www.louisvuitton-pascher.com>Louis Vuitton Siracusa</a></li><li><a href=http://www.louisvuitton-pascher.com>Louis Vuitton Sistina</a></li><li><a href=http://www.louisvuitton-pascher.com>Louis Vuitton Speedy</a></li></ul>
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Revision as of 09:25, 31 October 2014

@@@ San Francisco's starting right tackle Anthony Davis is also with knee and ankle injuries and did not practice at all last week. He suffered a sprained MCL in Week 4, and reports Davis will likely miss tonight's game and Jonathan Martin will start in his place. Davis has only appeared in one game this season for the 49ers because a hamstring injury also kept him sidelined for the first few weeks of the year.

The 49ers will also be without cornerback Trumaine Brock (toe), who did not participate in practice this week. Backup center Marcus Martin (knee) and backup linebacker Nick Moody (hamstring) are listed as questionable for tonight's game as well, with the rest of those on the listed as probable.

As for St. Louis, the team will be without cornerbacks (knee) and (foot) yet again. Johnson suffered a sprained MCL in the preseason and has yet to see any action this year, while McGee has been out since Week 3 with a foot injury. These two defensive backs were expected to play an integral role in the Rams' secondary.

Running back Zac Stacy (calf) and wide receiver Kenny Britt (knee) are listed as probable and are expected to play along with backup defensive end Eugene Sims (groin). Starting outside linebacker Jo-Lonn Dunbar (groin) is listed as questionable, as are backups defensive tackle Alex Carrington (knee), center Barrett Jones (back) and running back Chase Reynolds (hip). St. Louis could have some tonight if others were to suffer injuries.

In the last six meetings, the series 4-1-1, and given the Rams injury troubles this season, it could continue in the 49ers' favor tonight. Tune in to ESPN at 8:00 p.m. tonight for coverage of .

Related Articles:

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