Tag: nigerian energy

The Central Bank of Nigeria (CBN) has commenced the review of capital plans of banks across the country in anticipation of the 2026 banking system recapitalization. Banks were given a deadline of May 31, 2024 to submit their capital plans. The review of capital plans of banks refers to the process of examining and assessing…

The Federal High Court sitting in Port Harcourt, Rivers State, has delivered its judgement in favour of the state legal adviser of the Peoples Democratic Party (PDP) in a case to determine the party’s representation in court. The court held that the state legal adviser of the PDP reserved the right to appoint legal representation…

The Ogun State High Court has issued an order limiting the activities of the #EndBadGovernanceInNigeria protesters to four specific locations within the state. The court also restricted the time frame for the protests to between 8 am and 5 pm. The ruling, delivered by Justice O. Ogunfowora on Wednesday, came in response to an application…

Justice Akintayo Aluko of the Federal High Court, sitting in Lagos on Tuesday has convicted and sentenced two businessmen, Chukwuemeka Emmanuel and Amanambu Kingsley, to a total of nine years imprisonment, for unlawful importation of 8, 200 kilograms of cough syrup containing prohibited Codeine. The judge also forfeited a White Toyota Tacoma V6 with registration…

The Federal High Court in Abuja has issued warrants for the arrest of two men – Abdulsalamu Hudu and Umar Shuaibu Oricha over the alleged withdrawal of N46, 039,579,919.38 in cash from the bank accounts belonging to the Kogi State government. The court also ordered the accused men to appear before it and respond to…

*FIDA Calls On Authorities To Reunite Jailed Mother With Infant Twins Lawyers representing three defendants charged with criminal conspiracy and theft have petitioned the Chief Judge of the FCT High Court to reassign both a fresh bail application and the entire case to different judges. The defendants, Rukhayat Usman Abbeyson, Lauretu Ahmed, and Sagir Ahmed,…

A Federal High Court in Abuja has ordered the Corporate Affairs Commission (CAC) to register Julius Berger Construction Company as the sole shareholder of Primetech Design and Engineering Limited following three years of a legal battle. Justice Obiora Egwuatu issued the order on Tuesday in a judgement on a suit jointly instituted against CAC by…

A Federal High Court in Umuahia, is set to hear a contempt case against top police officials and others for allegedly disregarding a court order in a fundamental rights enforcement suit with the suit number FHC/CS12/2024. Chief Stephen O. Okoro, an 87-year-old man, has filed a motion on notice seeking to commit the Inspector General…

Bank customers have thronged their banks to reactivate their dormant accounts in line with the Central Bank of Nigeria (CBN) guidelines on the management of dormant accounts and unclaimed balances. Some of the customers, who spoke to the News Agency of Nigeria (NAN) in Abuja on Tuesday, said they had activated their bank accounts to…

A Lagos High Court has granted an exparte application filed by the State’s Attorney General, Senior Advocate of Nigeria, Lawal Pedro seeking to restrict the proposed August 1 nationwide protest, in Lagos to the Gani Fawehinmi Freedom Park in Ojota and the Peace Park in Ketu. Justice Emmanuel Ogundare granted the order of pre-emptive remedy…

The federal government has directed the immediate suspension of Arik Air aircraft operations. Festus Keyamo, minister of aviation and aerospace development, gave the directive on Tuesday. The minister did not state the reason for the decision. Reacting to the development in a statement, Roy Ilegbodu, chief executive officer (CEO) of Arik Air (in receivership), said…

The Lagos State Police Command, on Monday, arraigned a 32-year-old bus driver, Olusola Olaniyi, for allegedly stealing 80 pieces of solar panel structures worth N25m. Olaniyi was arraigned at the Chief Magistrate Court, Yaba, before Magistrate Patrick Nwaka and charged with two counts of conspiracy to steal and theft. The charges alleged that the defendant,…

Telecoms company, MTN has shut all its stores and service centres across Nigeria following an outrage that turned into the destruction of one of its facilities on Monday. In a video that went viral on social media, a mob destroyed a barricade fence just outside the MTN office in FESTAC Town, Lagos.. The clip showed…

The Rivers State High Court has struck out Suit No. IHC/132/CS/2024, filed by Jude Obodo Chukwu, Esq., against The Incorporated Trustees of Nigerian Bar Association & Ors, challenging his disqualification from contesting for the position of Chairman of the NBA Isiokpo Branch. The court awarded a cost of N50,000.00 against the Applicant. Hon. Justice Opufaa…

The Federal Government is hoping to save about $7.92 billion annually from the sale of crude oil to the nation’s local refineries in naira and thus reduce the pressure on foreign exchange. This followed the approval on Monday by the Federal Executive Council (FEC) for trade among local refineries to be denominated in naira with…

The Nigerian Police Special Fraud Unit (PSFU Legal Section) in Lagos, has filed a 4-count charge before the Federal High Court in Ikoyi, Lagos against Mrs Ebele Bernardine Okpala, a former employee of Keystone Bank Limited (KBL). Mrs Ebele Bernardine Okpala was arrested by the Unit for alleged offences of fraudulent conversion and stealing of…

The Federal Government has requested a $500m loan from the World Bank to improve dam safety and enhance water resource management across the federation. This loan is expected to address the country’s water security challenges and boost agricultural productivity through the Sustainable Power and Irrigation for Nigeria Project. According to a World Bank’s Project Information…

The Nigerian Competition and Consumer Protection Tribunal has granted the request to withdraw the case against MultiChoice Nigeria concerning a price hike in GOTV and DSTV subscriptions. This follows the sudden decision of the lawyer who filed the case, Festus Onifade to withdraw his case against the pay TV provider. Onifade stated that he no…

The Minister of Aviation, Mr. Festus Keyamo has overruled the decision of the Nigerian Airspace Management Agency (NAMA) to raise en-route navigational charges from N6,000 to N18,000 and N54,000 per flight The Minister has directed the agency to suspend its earlier announced increase in navigational charges. This decision follows the Minister’s recognition of the current…

A Lagos High Court has granted the Oni-Orisan family of Epe,Lagos, the order to recover possession of its land which was hitherto allegedly encroached by China Harbour Company Limited. The judge, Hon. Justice I.O. Harrison had ruled that the claimants, Mr. Sikiru Oni-Orisan, Alhaja Kuburat Oni-Orisan Jenrade,Chief Olawale Ademola Oni-Orisan, Alhaja Shakirat Alabi and other…