Tag: nigerian energy

The Federal High Court in Lagos on Friday ordered the permanent forfeiture of $2.045 million, seven high-value properties, and share certificates associated with former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele. Justice Deinde Dipeolu ruled for the final forfeiture after neither Emefiele nor any interested party contested the assets following an initial interim forfeiture…

Federal high court in Abuja granted bail to the 76 defendants, mostly minors, who were allegedly involved in the #EndBadGovernance protests. The bail was set at N10 million or a surety at level 15 in a Federal Government Agency, along with a parent or sibling. The arraignment, which took place on Friday, was marked by…

Chaos broke out in a federal high court in Abuja on Friday when several children, allegedly involved in the #EndBadGovernance protests, collapsed while waiting to be arraigned. The court had scheduled the arraignment of the defendants, mostly minors, who had been detained for three months. As proceedings began, the children, who appeared ill and malnourished,…

MAJOR marketers have confirmed sourcing their petroleum products from cheaper sources due to the total deregulation of the petroleum downstream sector and pricing concerns with Dangote Refinery management. Some of them have continued importing, raising concerns about pricing modalities from Dangote Refinery which was widely believed could be lower while also meeting up with local…

MINISTER of Finance and Coordinating Minister of the Economy, Wale Edun, yesterday, disclosed a new government policy that would permit Nigerians who are keeping dollars outside the banking system to bring those funds into the financial system. Edun, said such individuals have a nine-month grace period to comply with the directive without attracting legal liability…

Justice Sylvanus Oriji of the Federal Capital Territory High Court Maitama in Abuja on Thursday adjourned till November 15 to continue the trial of former Minister of Aviation, Hadi Sirika. Sirika, his daughter Fatima Sirika, his son-in-law Jalal Hamma and a firm, Al-Buraq Global Investment Limited, are facing a six-count bordering on abuse of office…

The Federal High Court in Abuja, on Thursday, dismissed a suit filed by the oil-producing communities in Bayelsa and Delta States, seeking to nullify the appointment of Chiedu Ebie as chairman of the Niger Delta Development Commission (NDDC). Justice Joyce Abdulmalik declined to sack Ebie as prayed by the communities, which approached the court seeking…

The Court of Appeal sitting in Abuja, on Thursday, reserved its judgement on an appeal the Indigenous People of Biafra, IPOB, filed to challenge its proscription as a terrorist organization by the Federal Government. A three-man panel of the court led by Justice Hamma Barka, adjourned the matter for judgment, after FG and IPOB, through…

An unending legal battle with some shareholders is again threatening the proposed Annual General Meeting of shareholders of First Bank Holdings, as a shareholder, Mr. Kujenya Olayiwola Yusuf, the 6th Defendant/Applicant, in a fresh application, is asking the Federal High Court in Lagos to restrain the bank from proceeding to hold the 12th Annual General…

The Nigerian National Petroleum Company Limited (NNPCL) has no justification for continuing to import fuel into Nigeria despite Dangote Refinery’s capacity to meet local demand, the APC Prosperity Group has stated. According to a statement signed by Usman Abubakar, this continued importation perpetuates Nigeria’s reliance on foreign fuel, exacerbating foreign exchange pressures and undermining the…

Importers in the eastern part of the country are currently lamenting over increased cost of clearing their cargoes following the termination of shipping services to Port Harcourt port by Mediterranean Shipping Company (MSC). In a letter written to its customers, a copy sighted exclusively by the Nigerian Tribune, the MSC said that it is terminating…

A Former Secretary to Central Bank of Nigeria (CBN) Mr John Ogah on Wednesday told an Ikeja Special Offences Court how said the embattled former governor used his niece’s account to receive funds. Ogah, said this in the continuation of his evidence in chief on Wednesday while being led in evidence by the Economic and…

A Federal High Court in Abuja on Wednesday struck out a suit filed by 27 lawmakers, led by Mr Martin Amaewhule, in the Rivers House of Assembly against the Independent National Electoral Commission (INEC). Justice Peter Lifu, in a ruling, struck out the suit after it was withdrawn by the lawmakers who were plaintiffs in…

The Transmission Company of Nigeria (TCN) says power supply has been successfully restored to seven northern states through its 330kV Ugwuaji-Apir transmission line one. In a statement on Wednesday, Ndidi Mbah, TCN’s general manager of public affairs, confirmed that power was restored at 4:56 pm after repairs on the vandalised section of the line were…

A member of the House of Representatives, Hon. Alex Mascot Ikwechegh, was on Wednesday, docked before an Abuja Chief Magistrate Court sitting at Kuje for allegedly assaulting a bolt driver at his Abuja residence. The lawmaker, who is representing Aba North and South federal constituency of Abia State, pleaded not guilty to a First Information…

The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Maigandi, has queried the claim by the President of the Dangote Group, Alike Dangote, that the 650,000 barrels per day refinery currently has 500m litres of premium motor spirit, also known as petrol in stock for onward supply to Nigerians. Maigandi said this…

A Federal High Court in Abuja has adjourned hearing in the money laundering case brought against the immediate past governor of Kogi State, Yahaya Bello by the Economic and Financial Crimes Commission, EFCC, to January 21, 2025. At the resumed hearing on Wednesday, counsel to the Economic and Financial Crimes Commission, Kemi Pinheiro, SAN, said…

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has stated that the proposed amendment to value-added tax (VAT) distribution will create a fair system. Mr. Oyedele explained that all stakeholders will collaborate to address various concerns to find a balanced solution that achieves a win-win outcome for all. Reacting to…

The daughter of a late President of the Customary Court of Appeal in Abuja, Justice Moses Bello, Ann Eniyamire Bello, has accused her father’s will executor, alongside some court officials, of trying to frustrate and truncate proceedings. This was contained in a letter dated October 29, 2024, addressed to the Federal Capital Territory High Court…

The Minister of Blue and Marine Economy, Gboyega Oyetola has revealed that multi-billion-dollar cargo tracking agreement entered into by the federal government regarding the International Cargo Tracking Notes (ICTN) was faulty. Oyetola disclosed this on Tuesday in Abuja while answering questions from a House of Representatives Committee on Shipping Exercises, Customs, Port and Harbour, and…