Tag: nigerian energy

The Court of Appeal sitting in Abuja has affirmed Chief Kenneth Udeze as the National Chairman of the Action Alliance (AA). The court, in its judgement on the appeal brought by Rufai Omoaje’s faction of the party challenging the primary election conducted by the Udeze-led national executives of the party for the Ondo State governorship…

The Nigerian National Petroleum Company Limited (NNPC) has announced significant changes to its Board and top management team, with the removal of Umar Ajiya and Oritsemeyiwa Eyesan from their positions as chief financial officer and executive vice president (Upstream), respectively. In their place, NNPCL has appointed Isiyaku Abdullahi as the new executive vice president for…

Six persons have been arraigned on a six-count charge for alleged N50m pension fund scam at the Federal High Court, Umuahia, Abia State capital. Three of the suspects, Onyebuchi Nwabueze, Mariam Azubuike, and Victor Samuel, are staff members of Pension Board, Auditor General’s office, the Ministry of Finance, respectively. The charge sheet sighted by LEADERSHIP…

The Economic and Financial Crimes Commission (EFCC) has arraigned two alleged members of a syndicate, Ojobo Joshua and Aliyu Hashim, accused of impersonating the EFCC’s Executive Chairman, Ola Olukoyede, in an attempt to extort $1 million from former Nigerian Ports Authority (NPA) Managing Director, Mohammed Bello-Koko. The suspects were presented before Justice Jude Onwuebuzie of…

Trial of the immediate past Governor of Anambra State, Willie Obiano, resumed on Wednesday, with the Federal High Court in Abuja, admitting several bank statements in evidence against him. The Economic and Financial Crimes Commission, EFCC, tendered the bank documents on a day it produced four more witnesses that testified before the court. Among the…

Justice Sylvanus Oriji of a Federal Capital Territory (FCT) High Court on reserved ruling in the preliminary objections raised by former governor of Taraba, Darius Ishaku challenging the court’s jurisdiction. The Economic and Financial Crimes Commission (EFCC) charged Darius alongside a former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello…

The Delta State High Court sitting in Warri, presided over by Hon. Justice Anthony Akpovi, has granted an order restraining the Standard Organisation of Nigeria (SON) and the Nigerian Police Force from sealing or interfering with the business operations of Samsedi Electrical Company Ltd, pending the determination of the originating motion. The case, filed under…

A Federal High Court in Abuja on Tuesday, adjourned a suit filed by the Rivers State chapter of the Peoples Democratic Party (PDP) loyal to FCT Minister, Nyesom Wike, against the Umar Damagun-led national leadership of the party until January 13, 2025 for hearing. Justice Peter Lifu fixed the date following an application for adjournment…

Some customers of Ecobank Nigeria on Monday in Owerri, the Imo State capital, protested the alleged withdrawal of millions of naira from their accounts without their consent. They told South-East PUNCH that they were shocked when they started receiving unauthorized debit alerts from their bank on October 21. They averred that they neither initiated the…

The Ikeja Sexual Offences and Domestic Violence Court, presided over by Justice Ramon Oshodi, on Tuesday, sentenced 64-year-old Lateef Durojaiye to life imprisonment for defiling his neighbour’s 11-year-old daughter. The defendant was initially arraigned on December 6, 2019, at the Magistrate Court, Ikorodu, on a one-count charge of defilement and was later arraigned before the…

Wale Edun, the minister of finance and coordinating minister of the economy, says the federal government will begin payments to clear the pension backlog starting next week. Edun spoke on Tuesday during the protest by the Nigeria Union of Pensioners Contributory Pension Scheme Sector (NUPCPS) at the federal ministry of finance, Abuja. “We will start…

The Federal Government has restricted licensed flight crew members from operating multiple airlines. The Nigeria Civil Aviation Authority (NCAA) issued the restriction, saying its findings shows that pilots and other crew members render services to different airlines. In a circular NCAA/DGCA/AOL dated November 6th 2024 and signed by the Ag. Director-General, Civil Aviation, Capt. Chris…

The Government of Equatorial Guinea has filed a lawsuit against the former Director General of the country’s National Financial Investigation Agency (ANIF), Baltasar Engonga, for alleged misconduct in connection with leaked sex tapes scandal. Recall that Engonga was dismissed as finance chief after over 400 sex tapes surfaced online featuring him with wives of prominent…

The federal government yesterday superintended over the signing of an agreement between BFI Group and CNCEC for the restarting of the Aluminum Smelter Company of Nigeria (ALSCON) located in Ikot Abasi, Akwa Ibom State. The event is coming after the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, met with top officials of CNCEC and…

An investment firm, Barbican Capital Ltd, has asked a Federal High Court in Lagos to strike out the suit it filed against FBN Holdings in order to explore an amicable resolution of the dispute. The plaintiff, Barbican Capital Limited, an affiliate of Honeywell Group Limited, had filed suit No. FHC/L/CS/1172/24, claiming it had cumulatively acquired…

*NNPC CEO Mele Kyari: All Crude Oil Producers Must Supply to Local Refineries Under PIA 2021 After decades of massive importation of petroleum products, the Nigerian National Petroleum Company Limited (NNPC) yesterday announced that it had finally ended the age-long practice. The development is expected to save Nigeria as much as $10 billion in hard…

The Federal Capital Territory High Court, presided over by Hon. Justice F.E. Messiri, has ruled that Sterling Bank PLC’s unilateral restriction of Uche Ojembe & Associates Legal Consult’s (UOALC) account without a valid court order was unlawful. The Court ordered the immediate lifting of the restriction and reactivation of the account in response to the…

The federal government is planning to introduce a single-digit tax regime to reduce the heavy burden placed on Nigerians’ shoulders by multiple taxation. A single-digit tax system allows less than 10 taxes to be paid by citizens or businesses within a period of time. Taiwo Oyedele, chairman, Presidential Committee on Fiscal and Tax reforms, said…

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) arraigned a former House of Representatives member for Gboko and Tarka Federal Constituency before a Federal High Court sitting in Makurdi, Benue State for allegedly violating the provisions of the ICPC Acts 2000. Hon. John Dyegh, was arraigned on a five-count charge of abuse of…

The Oyo State High Court sitting in Ibadan, the state capital, on Monday, adjourned the alleged breach of privacy case filed by Aare Ona Kakanfo of Yorubaland, Gani Adams, against Yoruba Nation agitator Sunday Adeyemo, also known as Sunday Igboho, until January 14, 2025. Recall that the claimant had, in suit No. M/1006/2024, accused the…