Tag: nigerian energy

The Federal High Court, Abuja, yesterday, shifted the alleged money laundering charge filed by the EFCC against former Anambra Governor, Willie Obiano, to Nov. 13 for continuation of trial. The matter, which is before Justice Inyang Ekwo, could not proceed because the court did not sit. The judge was said to be attending a seminar…

A Lagos Federal High Court, yesterday, granted the request of the Inspector-General of Police to arrest an alleged fugitive, Olusanya Okusanya, said to have absconded to United Kingdom, UK. Justice Yellim Bogoro, granted IGP’s request to arrest the suspect, after taking a motion ex-parte for his arrest, filed and moved by S. Ayodele, a lawyer…

The Nigerian Communications Commission (NCC) has said it would sanction Elon Musk’s internet company, Starlink, for increasing its subscription price in Nigeria without approval from the regulator. This followed a report published on Sunday by Nairametrics in which stakeholders had accused the telecom regulator of double standard for allowing the price increment while disallowing local…

Nigerians have expressed strong condemnation against Justice Peter Lifu of the Federal High Court in Abuja and the senior lawyers who filed a case seeking to bar the Independent National Electoral Commission (INEC) from releasing the voters’ register to the Rivers State Independent Electoral Commission (RSIEC) for the recently conducted local government elections held on…

Justice Emeka Nwite of the Federal High Court in Abuja, on Monday, granted a bail variation for five #EndBadGovernance protesters, reducing the bail amount to N5 million each. Recall that five of the ten #EndBadGovernance protesters, who were previously remanded in prison by the Federal Government, have struggled to meet the original bail conditions. Marshall…

The Nigerian National Petroleum Company (NNPC) will no longer be the sole buyer of petrol from Dangote Refinery, allowing other marketers to directly negotiate prices and purchase products from the facility. This move aligns with the deregulated market practice, where refineries can sell on a willing buyer, willing seller basis. Stressing that the implication would…

A suit filed by the former Minister of Petroleum, Diezani Alison-Madueke, to challenge the order obtained by the EFCC for final forfeiture of her seized assets, was on Monday stalled at a Federal High Court, Abuja. The matter, which was before Justice Inyang Ekwo, was fixed for further mention in the day’s cause list. However,…

The Senior Staff Association of Statutory Corporations and Government-Owned Companies (SSASCGOC), an affiliate of the Trade Union Congress (TUC) representing workers of the National Agency for Food and Drug Administration and Control (NAFDAC), has embarked on an indefinite strike over unresolved staff welfare concerns. The strike, which began on Monday, October 7, 2024, centers on…

The prosecution alleged that the senator sat on the ground, holding a substance in one hand, threatening to drink same to kill himself so that he can put police officers in trouble. He was further alleged to have broken the glass of the Toyota Hiace in which he was being conveyed to Lokoja with his…

The Governor, Central Bank of Nigeria, CBN, Mr Olayemi Cardoso, has said that the apex bank under him took the bold step of floating the Naira in the foreign exchange market in order to bring the official exchange rate closer to market reality. About three CBN Governors before Cardoso had toyed with the floatation option…

Numerous Zenith Bank customers have taken to social media to express frustration over inflows sent to their accounts not being properly credited, with some transactions pending since October 1st. Despite the growing complaints, the bank has yet to issue an official statement addressing the situation. The only communication from Zenith Bank came on October 1st,…

Starline Nigeria Limited, a cosmetics and pharmaceutical manufacturing company in Abia State, is engaged in a legal dispute with the Federal Government of Nigeria over the ownership of approximately 815.76 acres of land (measuring 1,651,605 square meters and 1,649,673 square meters respectively) in the Southeast state. The case is currently before the Federal High Court…

Lanre Issa-Onilu, director-general (DG) of the National Orientation Agency (NOA), says the federal government’s plan to authorise the Nigeria Customs Service (NCS), Nigeria Ports Authority (NPA), and Nigerian Maritime and Safety Agency (NIMASA) to charge duties, fines, and levies in naira will stabilise the local currency. On September 26, Bayo Onanuga, special adviser to the…

Sale of crude oil to local refiners in naira has commenced, the federal government has confirmed. Minister of Finance and Coordinating Minister for the Economy, Wale Edun, disclosed this in a statement, raising expectations of cheaper fuel prices from Dangote Refinery. Recall that President Bola Tinubu had directed the sale of crude oil to Dangote…

The Supreme Court has finally settled the long, confusing debates on whether a joint application for enforcement of fundamental rights can be instituted and maintained in Nigerian courts. Prior, the argument was that the operative word used in Section 46(1) of the Constitution is “person” which is in singular form. Similarly, the proponent of this…

The Economic and Financial Crimes Commission (EFCC) has asked the Federal High Court sitting in Lagos to dismiss an application filed by the former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, seeking to stop the forfeiture of some properties and monies linked to him. On August 25, 2024, the court authorised the…

An investigation report by a civic organisation has been released bordering on allegations of “unscrupulous, unethical and criminal activities” levelled against the Guaranty Trust Bank Limited, a subsidiary of Guaranty Trust Holding Company Plc (also known as GTCO PIC). The report was released by the Global Integrity Crusade Network (GICN) and signed by its President,…

Bristol Tamunobifiri, popularly known by his X name PIDOM, has been released from the Kuje correctional centre in Abuja. Tamunobifiri regained his freedom on Friday after he perfected his bail conditions. Omoyele Sowore, an activist, shared images of the whistleblower outside the Kuje prison on his X handle on Friday. This afternoon, whistleblower and investigative…

The Central Bank of Nigeria has disclosed that it sold a total sum of $543.5m at the rate of N1,540 and N1,580 to authorised dealers banks between September 6 and September 30, 2024. This amount is the equivalent of N844.92bn in naira. The CBN disclosed this in a statement signed by the Director, Financial Markets…

The limited number of aircraft seats, which falls short of meeting passengers’ demand on domestic routes has intensified ticket racketeering by airlines ground staff, especially ticketing officials in collaboration with airport touts that claim to be protocol officers. Investigations by THISDAY over the last three months, revealed that ticketing officials cancel tickets already sold to…