Tag: nigerian energy

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…

Iran and Russia linked their national payment systems on Monday, a significant move to bypass the U.S. dollar in bilateral transactions, Iran’s official news agency IRNA reported. The linkage between Russia’s Mir and Iran’s Shetab payment systems was established in a ceremony attended by the governor of the Central Bank of Iran (CBI), Mohammad-Reza Farzin…

The ECOWAS Court of Justice on Thursday dismissed a lawsuit filed by the Socio-Economic Rights and Accountability Project, which sought N50 million in compensation from the Federal Government for each victim of the Abuja-Kaduna train attack. In March 2022, terrorists bombed an Abuja-Kaduna railway near Rigasa, Kaduna, attacking over 970 passengers onboard. The incident led…

The Nigerian National Petroleum Company Limited (NNPCL) has described a news report that it has ended the importation of refined petroleum products and is now sourcing from the Dangote Petroleum Refinery and other local refineries as a misrepresentation and misinterpretation of fact. Kyari spoke in Lagos at the Nigerian Association of Petroleum Explorationists conference themed:…

A mild drama played out before the Abuja Division of the Court of Appeal on Thursday, as two senior lawyers locked horns over the case that is seeking to sack the 27 members of the Rivers State House of Assembly that are loyal to the Minister of the Federal Capital Territory, FCT, Mr. Nyesom Wike.…

A former deputy governor of the Central Bank of Nigeria, CBN, Kingsley Obiorah, on Thursday said the board of the apex bank never recommended the 2022 Naira redesign to former President Muhammadu Buhari. Mr Obiorah said this while testifying virtually before the FCT High Court at the resumed hearing in the ongoing trial of the…

The Federal High Court sitting in Abuja, on Thursday, slated November 11 to take the plea of 109 alleged foreign hackers that attempted to defraud Nigerians. The defendants, who were identified as citizens of China, Indonesia, Vietnam, Philippines, Thailand, Brazil, Malaysia and Myanmar, are facing a six-count charge that was entered against them by the…

The Economic and Financial Crimes Commission (EFCC) on Thursday brought a Chinese, Zhengjia Jin, before an Ikeja Special Offences Court for alleged bribery and N301 million fraud. Jin, was arraigned on a four-count charge bordering on retention of stolen property, bribery and stealing. The EFCC counsel, Mr Ahmad Usman, told the court that the defendant…

An Ikeja High Court on Thursday reserved Jan. 23, to hear the alleged defamation suit filed against the controversial online activist, Vincent Otse, popularly called Very Dark Man (VDM). VDM is facing a defamatory suit filed against him by Mr Femi Falana (SAN), and his son, Folarin, also called Falz. When the case was called…

An Air Peace aircraft inbound to Lagos from Nnamdi Azikiwe International Airport in Abuja was halted due to suspected technical faults. The incident, which occurred in the early hours of Thursday, caused panic among passengers, many of whom took to social media to express their fears. Prominent human rights lawyer Inihebe Effiong, who posted on…

Hon. Olugbenga Edema, the gubernatorial candidate of the New Nigeria People’s Party (NNPP) in Ondo State, has requested the Federal High Court to direct the Independent National Electoral Commission (INEC) to withdraw the names of Governor Lucky Aiyedatiwa of the All Progressives Congress (APC) and his deputy from the list of candidates for the upcoming…

The Ibadan Electricity Distribution Company (IBEDC) says it disconnected University College Hospital (UCH) Ibadan from the national grid over an outstanding N400 million debt. On Monday, patients at the UCH staged a protest following incessant power cuts at the facility. Nurses and doctors have been using lights from their smartphones to find their way around.…

Justice Marryann Anenih of the High Court of the Federal Capital Territory (FCT), sitting at Maitama, Abuja, on Thursday extended the time for the immediate past governor of Kogi State, Yahaya Bello to appear in court in response to the public summons issues by the court on October 3 to November 27. The Economic and…

The Court of Appeal in Lagos is set to hear Union Bank Plc’s appeal against a High Court judgment that found the bank guilty of selling a family’s property located at No. 6, Moore Road, Ikoyi, Lagos State, at a grossly undervalued price of N60 million. The legal team representing Mrs. Olubunmi Ogunde, Yewande Ogunde,…

South Africa’s cable television operator MultiChoice Group reported a more-than-double surge in net loss for the six months through September as its operations outside its base and Africa’s most industrialised faced multiple macroeconomic headwinds that eroded earnings. Subscription fees, which account for 81.6 per cent of the pay TV provider’s revenue, faced tremendous strain during…

The Court of Appeal, Lagos Division, has overturned a Federal High Court judgement that ordered the Nigeria National Petroleum Corporation Limited (NNPC) and its subsidiary, Pipeline and Products Marketing Company (PPMC), to pay a sum of N4,705,139,686.78 in damages to Glonik Industries Limited and Glonik Hotels Limited. The amount was awarded for the demolition of…

Two men, Moses John and Emmanuel Daniel, were on Wednesday remanded at the correctional centre, for allegedly breaking into Obafemi Awolowo University (OAU) staff quarters and stealing properties worth N1.491 million. The defendants, John, 26 and Daniel, 24, are facing trial before an Ile-Ife Magistrates’ Court, Osun, on a five-count charge bordering on conspiracy, breach…

The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over recent rumours suggesting that Ikeja and Eko Electricity Distribution Companies (IKEDC and EKEDC) might disregard the directive to halt the planned replacement of Unistar meters. The FCCPC affirmed that the directive remained fully in effect, and that any attempt by these DisCos to…

The Court of Appeal, Abuja Division, on Wednesday, disqualified Olusola Ebiseni as the Labour Party candidate for the upcoming Ondo State governorship election scheduled for Saturday, 16 November 2024. The three-member panel of justices, in a unanimous decision with a lead judgement by Justice Hamma Barka delivered by Justice Adebukola Banjoko, held that “the appeal…

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL), has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The agreement was signed by the managing director, NGML, Barr. Justin Ezeala, and the President/CEO of the Dangote Group, Aliko Dangote, on…