Tag: nigerian energy

A Lagos State Special Offences Court sitting in Ikeja has remanded one Mr. Abiodun Sanni, a former manager at Polaris Bank, in a custodial centre over alleged N15,011,441 fraud. Justice Abike-Fadipe of the State Special Offences Court ordered that the defendant be remanded pending when his bail application would be perfected. Abiodun was arraigned by…

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, said on Monday, November 18, that the Committee consulted the Nigeria Governors Forum, the Nigeria Economic Council, Civil Society Organizations, and a wide range of Nigerians before arriving at tax reform bills currently before the National Assembly. Oyedele, who spoke at an…

An Upper Shari’a Court in Kofar Kudu, Kano State, has discharged and acquitted the Jigawa State Commissioner of Special Duties, Auwal Danladi Sankara, of allegations of adultery brought against him by one Nasiru Buba. Buba had accused Sankara of having an illicit affairs with his wife, Tasleem Baba Nabegu. Recall that Sankara was arrested by…

The Nigerian Electricity Regulatory Commission (NERC) has condemned the actions of electricity Distribution Companies (DisCos) instructing customers to pay for the replacement of faulty or obsolete meters. In a statement issued on Monday via its X account, the commission described the directive as a clear violation of its order. “This instruction contravenes the Commission’s Order…

The Presiding Judge, Yenagoa Judicial Division of the National Industrial Court, Hon. Justice Polycarp Hamman has ordered Potters Touch High School to pay Nigeria Social Insurance Trust Fund Management Board the sum of Seven Hundred and Thirty-Six Thousand, Four Hundred and Seventy-Six Naira (N736,476.00) only, being arrears of the School minimum contribution of 1.0% of…

The Dangote Petroleum Refinery has reached an agreement to supply 60 million litres of Premium Motor Spirit (PMS) to the Independent Petroleum Marketers Association of Nigeria (IPMAN) on a weekly basis, which translates to 240 million litres per month. This comes as the $20bn Lekki-based refinery seeks to raise billions of dollars to import crude…

The Minister of State for Defense, Bello Matawalle, has sued two prominent northern journalists, Shu’aibu Mungadi and Tijjani Ramalan, for alleged defamation and malicious reportage. The former governor, in the suit marked K/M2102/2024, dated October 25 and sighted by our correspondent on Sunday, is seeking N10bn in general damages in his favour against each of…

A High Court in Edo State has granted an interim injunction to 68 political associates of former governor Godwin Obaseki, restraining the Nigerian Police from arresting them over a petition submitted by the Acting State Chairman of the All Progressives Congress (APC) in July 2024. The associates include political appointees, local government area chairmen, aides…

The Federal High Court sitting in Lagos has ordered the National Broadcasting Commission (NBC) to “stop using the NBC Act and the Nigeria Broadcasting Code to impose fines, threaten to impose sanctions, harass and intimidate the broadcast stations and other independent media houses in the country.” The court declared that “the NBC and its agents…

Despite the policies put in place by the Central Bank of Nigeria (CBN) to scale up the inflow of foreign exchange, statistics from the CBN revealed that the total direct foreign exchange remittances declined by 16.68 per cent Year-on-Year (YoY) to $1.55 billion in the nine months that ended September 2024, representing a drop by…

The Nigerian Electricity Regulatory Commission (NERC) yesterday announced that it was shutting down its forum offices in some states in Nigeria and handing over their operations to the respective electricity commissions of the affected states. In a statement yesterday, the commission noted that it had officially transferred regulatory authority to Enugu, Ekiti, Kogi, Edo, Ondo,…

A suspected female arms dealer, Victoria Alabi, 45, collapsed at a Federal High Court in Ibadan where she was arraigned over an alleged sale of 390,70 rounds of ammunition and cartridges. Arraigned alongside Alabi yesterday was one Morufu Balogun, 43. The duo, however, pleaded not guilty to the five-count of unlawful dealing, illegal sale, aiding…

The Central Bank of Nigeria (CBN) has warned Deposit Money Banks of stringent penalties against any of them that sells mint banknotes to hawkers. The warning was contained in a circular issued by the Ag. Director Currency Operations, Mr. Solaja Olayemi, on Friday. The apex bank said that it would conduct checks across the country…

Justice Ayokunle Faji of the Federal High Court in Lagos has ordered an accelerated trial of the four bloggers charged with defaming and cyberstalking the management of GTCO (Guaranty Trust Holding Company), including its Group CEO, Mr. Segun Agbaje. The four accused—Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun Odunlami—are facing 10 amended charges for…

The Supreme Court, on Friday, dismissed the suit filed by the Kogi State Government and 18 other state governments challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), and two other institutions. The other two institutions whose constitutionality was contested…

The Supreme Court on Friday, dismissed the suit of the 13 states challenging the constitutionality of the law that established the Economic and Financial Crimes Commission. The seven-man panel of justices led by Justice Uwani-Abba-Aji, in a unanimous decision, dismissed the suit for lacking in merit. The suit, which was initially instituted by attorneys general…

The National Industrial Court in Akure has ordered the Federal University, Oye Ekiti (FUOYE), in Ekiti state, to pay the sum of N40 million to Professor Niyi Akingbe, the former Acting Dean of the Faculty of Arts, of the institution as compensation over wrongful dismissal. According to the court documents made available to Vanguard Correspondent…

A man, Musa Jimoh, was on Thursday, jailed for a year and four months by Justice Rahman Oshodi of the Ikeja Special Offences Court for impersonating a Nigerian Army Major and possessing fraudulent documents. The judge held that the circumstances of the case were particularly grave. “Your conduct evinces a calculated and sophisticated approach to…

Jude Onwuegbuzie, judge of a federal capital territory (FCT) high court in Apo, has cautioned Adeola Adedipe, counsel representing Olu Agunloye, former minister of power and steel, over delays in the trial. A statement by the Economic and Financial Crimes Commission (EFCC) said the judge during the proceedings on Thursday chastised the senior advocate of…

The Supreme Court will on Friday deliver judgment in the suit by some State Governments, challenging the constitutionality of the laws establishing the Economic and Financial Crimes Commission (EFCC) and two other anti-corruption agencies created by the Federal Government. The other two, whose legitimacy is being queried are the Independent Corrupt Practices and other related…