Tag: nigerian energy

A Benue High Court has ordered the ruling All Progressives Congress not to remove the state APC Chairman, Augustine Agada, and the current executives of the party. A copy of the exparte order granted by Justice Theresa Igoche in motion No MH /1585m/2024 was made available to newsmen at the national secretariat of the party…

A Benin City based businessman, Mr Charles Amadasun has been committed to the Correctional Centre for contempt of court in a case involving him and Pastor Faustin Uwaibi. He was accused of using his company in 2003 to lease a commercial property on Ihama Road Benin City for 15 years and he allegedly refused to…

Federal High Court in Abuja has issued a temporary order halting the implementation of the scrapping of the Higher National Diploma (HND) in Pharmaceutical Technology by the National Board for Technical Education (NBTE) and the Pharmaceutical Council of Nigeria (PCN). Justice Peter Lifu, who ordered the NBTE and PCN to put their decision against HND…

The National Data Protection Commission has fined Fidelity Bank a total sum of N555.8m for infractions relating to breaches of its customers’ data. The commission’s National Commissioner, Vincent Olatunji, announced this at the Validation Workshop on the Nigeria Data Protection Act General Application and Implementation Directive on Wednesday in Abuja. He stated that the tier…

The Presiding Judge, Lagos Judicial Division of the National Industrial Court has declared the resignation of Mr Olawale from the service of Atlas Copco Limited as involuntary. The Court held that Mr Olawale’s resignation was done as a result of pressure from Atlas’s managers and supervisors amounting to a case of constructive discharge, and awarded…

The National Association of Government Approved Freight Forwarders (NAGAFF) has formally criticised Maersk Line for its problematic container deposit refund process. The association has expressed frustration over the shipping company’s failure to include Bill of Lading numbers in the refund account statements, a lapse that complicates the tracking of returned deposits for freight forwarders. In…

The Court of Appeal, Abuja Division, has upheld the judgement of the Federal High Court, Abuja, which nullified the impeachment of Philip Shaibu as the deputy governor of Edo State and ordered his immediate reinstatement. A three-member panel of justices of the appellate court held in a unanimous judgement on Tuesday that Shaibu remains Edo…

*Adjourns to August 29 Tobenna Erojikwe, the first runner-up in the recently concluded Nigerian Bar Association (NBA) presidential election, has taken legal action to compel the provision of materials used in the National Officers Election held on July 20, 2024. Erojikwe emerged as first runner-up with 10,998 votes behind the winner who secured 20,435 votes.…

*Says Yahaya Bello’s Objections to N80 Billion Money Laundering Charges Lack Merit The Court of Appeal sitting in Abuja has dismissed two appeals by former Kogi State Governor Mr. Yahaya Bello seeking to halt his arraignment by the Economic and Financial Crimes Commission on an N80 billion money laundering charge. A three-man panel of the…

*Says Kogi Judge’s Decision Was A Scandal The Court of Appeal sitting in Abuja, Tuesday, overturned the decision of a Kogi State High Court which purported to restrain the Economic and Financial Crimes Commission (EFCC) from prosecuting former Kogi State Governor Mr. Yahaya Bello on an N80 billion money laundering charge. The three-man panel of…

The Economic and Financial Crimes Commission (EFCC) has arraigned a businessman, Ayodele Toyosi, before a Lagos High Court in Ikeja, for allegedly defrauding some people of N600,150,000 and $50,000. Toyosi was arraigned along with his two companies, Reaprite Global Limited and Agrorite Limited, on 11-count charge. The defendant, according to the EFCC allegedly defrauded some…

The Central Bank of Nigeria (CBN) has reported a significant increase in diaspora remittance inflows to the economy, reaching $553 million in July. The figure, released on Tuesday, August 20, by CBN Acting Director of Corporate Communications, Hakama Sidi Ali represents a 130 percent increase from the corresponding period in 2023. This figure represents the…

*Court Of Appeal Grants Accelerated Hearing In Onnoghen’s Case Against FG The Court of Appeal has granted accelerated hearing on the suit filed by former Chief Justice Of Nigeria, Walter Onnoghen against the Federal government, challenging the order by the Code of Conduct Tribunal, CCT, which removed him from office in 2019. The Appellate Court…

The Nigerian National Petroleum Company Limited (NNPC Ltd.), says it has not paid fuel subsidy to anybody in the last nine months. Chief Financial Officer of the company, Alhaji Umar Ajiya made the clarifications on Monday in Abuja. Ajiya said the NNPC Ltd. was only taking care of Premium Motor Spirit (PMS) importation shortfalls between…

The Minister of Power, Chief Adebayo Adelabu, said it costs N120 to generate 1kilowatt per hour of electricity. He noted it is why the Federal Government is spending more to subside electricity. He spoke during an oversight visit by the Members of the House of Committee on Power to his office in Abuja. Adelabu said…

The Chief Executive Officer of the Nigeria Intelligence Unit (NFIU), Hafsat Bakari, has stated that Nigeria is on its way to be removed from the Financial Action Task Force (FAFT) list of jurisdictions under monitoring and on “grey list” countries. Speaking during its first management staff annual retreat, Bakari said the agency is working round…

The Nigerian National Petroleum Company Ltd has posted a Profit After Tax of N3.3tn in the 2023 financial period. The Chairman of the NNPC Ltd Board, Chief Pius Akinyelure, disclosed this during a media briefing on Monday on the Audited Financial Statements. The N3.3rn represents an increase of N749bn when compared to the N2.54tn posted…

The Court of Appeal in Abuja will today hear three appeals filed by a former Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, against the judgment of the Code of Conduct Tribunal (CCT) which ordered his removal from office in 2019. The Court of Appeal informed parties in the matter of the hearing date in…

The Federal Government, through the Debt Management Office, has opened offers for its dollar-denominated domestic bond of $500m. It was issued at an interest rate of 9.75 per cent per annum for a tenor of five years to mature in 2029. This was as it barred prospective investors from making investment payments through cash. “Payment…

A Federal High Court sitting in Lagos has refused the prayers of a cable outfit, Multichoice Nigeria Limited, to strike out the claims of the Musical Copyright Society Nigeria Ltd/Gte (MCSN) in its N30billion copyright infringement suit instituted against it for want of jurisdiction. In the preliminary objection filed before Justice Daniel Osiagor and argued…