Tag: nigerian energy

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…

Business owners and legal practitioners are voicing concerns over mounting delays and bureaucratic hurdles in the business registration process at the Corporate Affairs Commission (CAC), despite the agency’s claims of a 24-hour registration policy. In interviews with BusinessDay, over 10 CAC applicants and customers described their frustrations with prolonged wait times, unresolved requests, and perplexing…

A Federal High Court in Abakaliki, Ebonyi State, has nullified the People’s Democratic Party (PDP) ward, local government, and state congresses held in the state. A faction of the PDP had conducted congresses two weeks ago to elect new party leaders at various levels. However, the court has now voided those elections. In suit no.…

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached an agreement with Dangote Refinery to directly lift premium motor spirit (petrol), diesel and other products. IPMAN National President, Abubakar Garima, disclosed this development in Abuja on Monday following a meeting of the National Working Committee of the Association. This is coming months after the…

The Economic and Financial Crimes Commission (EFCC) has urged the Federal High Court in Abuja to reject a fundamental rights suit filed in the name of Lagos State Governor Babajide Sanwo-Olu to stop possible arrest by the anti-graft agency. In its counter-affidavit opposing the suit, the EFCC described the legal action as speculative and a…

Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday. Trump vowed on the campaign trail to put the US at the center of the digital-asset…

The Economic and Financial Crimes Commission (EFCC) has urged the Federal High Court in Abuja to reject a fundamental rights suit filed in the name of Lagos State Governor Babajide Sanwo-Olu to stop possible arrest by the anti-graft agency. In its counter-affidavit opposing the suit, the EFCC described the legal action as speculative and a…

Hon. Justice Muhammad Hamza of the Port Harcourt Judicial Division of the National Industrial Court has declared the non-payment of Mr Ikenna’s salary for the period of October 2021 to January 2022, by Alcon Nigeria Limited as a breach of the contract of employment. The Court ordered Alcon Nigeria Limited to pay Mr Ikenna the…

In a heart-wrenching court proceeding today at the Federal High Court in Lagos, Justice D. Osiagor granted a petitioner’s request to recuse himself from a case involving a minority shareholder seeking to wind up a company. The emotional decision has brought to light the serious challenges facing the legal profession in Nigeria. The case, Etim…

Lagos, November 11, 2024 – In a heart-wrenching court proceeding today at the Federal High Court in Lagos, Justice D. Osiagor granted a petitioner’s request to recuse himself from a case involving a minority shareholder seeking to wind up a company. The emotional decision has brought to light the serious challenges facing the legal profession…

The Nigeria Deposit Insurance Corporation (NDIC) yesterday said it has commenced the process for the sale of landed properties and chattels of the defunct Heritage Bank, in a bid to ensure timely declaration of liquidation dividends to uninsured depositors of the failed bank. NDIC in a statement signed by Director, Communication and Public Affairs Department,…

A Chief Magistrate’s Court sitting in Enugu East Magisterial District has remanded one Anthony Onyeukwu over the death of his 11-year old houseboy, Goodluck John. The Enugu State Commissioner for Children, Gender Affairs and Social Development, Mrs. Ngozi Enih who disclosed this, stated that the 47-year-old suspect was arrested following a tip-off from one of…

The Nigerian Civil Aviation Authority, in partnership with an insurance company and an international technology firm, has launched a mobile platform designed to minimise passenger delays and ensure compensation from airlines to travellers whenever delays exceed three hours. The platform also guarantees passengers protection from any form of maltreatment by airlines. This development was unveiled…

African Alliance Insurance Plc has asked the Federal High Court in Lagos to nullify the dissolution of its board by the National Insurance Commission (NAICOM). In a suit numbered FHC/L/CS/ 2008/2024, it is praying for a declaration that the purported board dissolution and removal of its Chief Executive Officer and executive directors on October 29,…

The Chairman of the Presidential Tax Reform Committee, Taiwo Oyedele, has stated that businesses will suffer and the economy will regress if state governments are allowed to collect value-added tax (VAT). Speaking in an appearance on Channels Television’s Hard Copy on Friday, Oyedele explained that a similar approach was tried in the 1980s with sales…

A Federal High Court has issued an order restraining Dr. Uche Odionyenma from further parading himself as the President of the Association of Medical Laboratory Scientists of Nigeria (AMLSN). The interim order, issued ex-parte on October 30 by Justice Simon Amobeda, sitting in Kano, is to subsist until the hearing of a motion on notice…

An economist and Chief Executive Officer of the Financial Derivatives Company Limited, Mr. Bismarck Rewane, has projected that petrol price could hit N1,200 per litre in the coming days. Rewane also predicted in his outlook for November 2024, Brent could trade at $70 per barrel in December while inflation may climb to 34 per cent.…

The Police Special Fraud Unit on Friday dragged a businessman before a Federal High Court Lagos for alleged N14.7 million fraud. The defendant, Abdullahi Mohammed, was arraigned before Justice Lewis Allagoa, on a three-count charge bordering on conspiracy and cybercrime to the tune of N14.7 million. He, however, pleaded not guilty to the charge. The…

An Abuja High Court on Friday, quashed a criminal summon issued on Sept. 12 by an a magistrates’ court against Sen. Monday Okpebholo over alleged certificate forgery. Justice Charles Agbaza, in a judgment, also voided the entire proceedings before Magistrate Abubakar Mukhtar of a Wuse Magistrate Court in Abuja on grounds that the summon was…

*As JAMB Withdraws Controversial Age Requirement Circular Following Court Order The Delta State High Court in Warri has ordered the Joint Admissions and Matriculation Board (JAMB) to admit all 2024 candidates who passed the entrance exams, particularly those set to turn 16 between September 1 and December 31, 2025, in the ongoing legal battle between…