Tag: nigerian energy

Geometric Power, Nigeria’s foremost integrated electricity group, has decried the acute shortage of natural gas supply to its 188-megawatt plant in the Osisioma Industrial Estate in Aba, Abia State, saying it is affecting the state’s economic growth. “Due to the grave shortage of gas”, said Ugo Opiegbe, the managing director of Aba Power, Nigeria’s 12th…

The Management of Eko Electricity Distribution Company (EKEDC) has clarified that it disconnected the foremost institution on Tuesday, due to recurring accumulated outstanding payments totally over one billion naira. A statement by the utility’s firm’s General Manager, Corporate Communications and Strategy, Mr. Babatunde Lasaki, explained that despite making a payment of N180 million for July…

A 39-year-old man, Bassey Ikpi, accused of posing as a forex trader, was arraigned on Thursday before the Lagos State Chief Magistrate Court in Ebute-Metta for allegedly defrauding several individuals and companies of large sums in multiple currencies. The defendant, who is facing four counts bordering on conspiracy, obtaining by false pretence, fraud, and breach…

The Securities and Exchange Commission (SEC) on Thursday granted “Approval-in-Principle” for two Digital Assets Exchanges to commence operation under its Accelerated Regulatory Incubation Programme (ARIP). The commission said the move would deepen the capital market while guaranteeing the protection of investors. Five firms were also admitted to test their models and technology under the SEC’s…

A lawyer identified as Olusegun Agunloye has been arraigned by the Ondo State Police for allegedly forging the Will of the late Benjamin Chibuzor Ejelonu and presenting it to the court probate registry in Akure, the state capital. Agunloye is facing a two-count charge of conspiracy and forgery, which he allegedly committed on September 7,…

Alh. Abdul Samad Rabiu, the Chairman of BUA Cement, disclosed during the company’s 8th Annual General Meeting in Abuja that cement dealers frustrated the company’s efforts to maintain a low price of N3,500 per bag last year. Rabiu revealed that despite BUA Cement selling over a million tons of cement to dealers at N3,500 per…

The Federal High Court in Abuja has struck out a suit filed against anti-hunger protesters, the Attorney General of the Federation (AGF), the Inspector General of Police (IGP), the Department of State Services (DSS), and the Chiefs of Army and Defence Staff. The suit, brought by 17 Nigerians in response to the recent nationwide protests,…

The federal government has signed a Memorandum of Understanding with an aircraft manufacturer, Boeing to boost the nation’s aviation sector. Disclosing this in a statement on Thursday, Tunde Moshood, the Special Assistant on Media and Communications to Minister of Aviation and Aerospace Development, Festus Keyamo, said the move would facilitate the acquisition of aircraft. Moshood…

Hon. Justice Hassan Yakubu of the Ibadan Judicial Division of the National Industrial Court has ordered Prestrest Ltd and 4 others to pay Mr Aboluwarin Olusegun and 34 other retired staff the sum of N25,239,744.45 (Twenty-five Million, Two Hundred and Thirty-Nine Thousand, Seven Hundred and Forty Four Naira, Forty Five Kobo) outstanding balance of their…

The Federal High Court in Abuja has issued a restraining order against the Nasarawa State government and security agencies, prohibiting them from arresting farmers or interfering with their rights while a legal dispute over the seizure of 10,000 hectares of farmland is resolved. Justice Peter Lifu granted the order in response to a fundamental rights…

THE Nigerian Communications Communication (NCC) has declared September 14 as the final deadline for telephone users in the country to complete the compulsory linkage of their national identity numbers (NINs) to their subscriber identification module (SIM). In a statement by the commission’s director of public affairs, Reuben Mouka, on Wednesday, August 28, the NCC urged…

A Federal High Court sitting in Abuja, on Wednesday, detained an Assistant Superintendent of Police, A. A Babangida, and 19 others for 30 days over their alleged involvement in banditry, kidnapping and terrorism activities. Justice Peter Lifu gave the order while delivering a ruling in an ex-parte application marked FHC/ABJ/CS/1146/2024, brought before the court by…

The Federal High Court in Abuja has frozen approximately N178,750,000 held in eight Nigerian banks, due to alleged fraudulent practices by a suspect resulting in a failed USDT transaction. The order was made against Teehbiz Logistics, Ibisi Anthony Emeka, Ibisi Anthony, Stephixx Nigeria Limited, and Teehbiz Global Services Limited, following a request by the Economic…

Three men were arraigned on Tuesday before the Ikorodu Chief Magistrates’ Court in Lagos for allegedly stealing an electricity transformer worth N50 million. The defendants, Kehinde Akinkugbe, Tope Salisu, and Isiaka Amusa, are facing three counts of conspiracy, stealing, and malicious damage, preferred against them by the police. The prosecutor, ASP Aminu Isaac, told the…

The Assets Management Corporation of Nigeria says the only way to make the Ibadan Electricity Distribution Company more efficient is to sell it to viable investors. The AMCON Managing Director/Chief Executive Officer, Gbenga Alade, stated this at an interactive session with media executives in Lagos on Monday. Alade told journalists that when he took office…

In a judgment that could have far-reaching implications for the administration of justice in Delta State, the High Court in Warri has struck down a controversial provision in the state’s civil justice law. On Tuesday, July 9, 2024, Justice V.O. Agboje declared section 51(2)(b) of the Delta State Administration of Civil Justice Law (ACJL) 2022…

A Federal High Court sitting in Abuja has restrained Loyola Jesuit College, Abuja, from stopping the admission process of a teenager, Master Aondo Terdoo Caleb. The student had dragged the College before the court over an admission dispute. Justice Peter Lifu issued the restraining order on Tuesday following the failure of the College to give…

The Court of Appeal in Kano has ruled that the daughter of the late Major Mohammed Arogun Adeniyi, Nike, and her Christian mother must share the deceased’s inheritance with the children of his other two widows, who are Muslims. Nike reportedly received ₦23,588,000 in gratuity and other entitlements but has refused to share it with…

The Federal Inland Revenue Service (FIRS) has taken steps towards combating corruption within its ranks by establishing a 12-member Anti-Corruption and Transparency Unit (ACTU). The unit, which was inaugurated by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), is tasked with ensuring zero tolerance for unethical acts and corruption within the revenue-collecting agency.…

Shafi’u Umar Tureta, an aide to former Sokoto State governor, Aminu Tambuwal, has been remanded in a correctional facility over accusations bordering on defaming the incumbent governor, Ahmad Aliyu and his wife, Fatima, on social media. The allegations against Tureta, who served as Tambuwal’s Special Assistant on Local and Digital Media, were brought before a…