Tag: nigerian energy

The Federal High Court sitting in Kano, presided over by Honourable Justice M. N. Yunusa, has commenced winding up proceedings against Teuton Industries Ltd., a company jointly owned by the late AVM Hamza Abdullahi and the late Alhaji Isa Abdullahi. The suit, filed under suit No. FHC/KN/CS/378/2024, reveals that the late AVM Hamza Abdullahi, former…

*Begins recess till January 6 THE Federal Government has approved free train service nationwide starting from December 20, 2024 to January 6, 2025 to help caution high transportation fare during the Christmas season. Minister of Information and National Orientation, Mohammed Idris disclosed this while briefing State House correspondents at the end of the Council meeting,…

The Economic and Financial Crimes Commission, EFCC, has re-arraigned a former managing director of the defunct Bank PHB Plc (now Keystone Bank Limited), Francis Atuche, and two others before the Special Offences Court sitting in Ikeja, Lagos on a nine-count charge bordering on conspiracy to commit felony and forgery. Atuche and the two others, Nnosiri…

A court order issued by Justice Chukwudi Okaa of the Atani High Court in Anambra State enabled the Okpoko community in Ogbaru Local Government Area to conduct a peaceful election for the Okpoko Community Development Union (OCDU) on Friday, despite efforts by police to disrupt the process. Police from the Okpoko Divisional Headquarters arrived at…

Comedian and actor AY Makun has spoken out about the recent controversy surrounding Netflix’s supposed halt in funding Nigerian original films. The controversy was ignited by filmmaker Kunle Afolayan, who claimed that Netflix had ceased commissioning Nigerian originals, raising concerns about the streaming giant’s commitment to the Nigerian market. In an interview with Nollywood on…

*Warns Against Frivolous Suits, Threatens Sanctions For Lawyer Who Filed Case Against Tinubu The Supreme Court, on Monday, dismissed a suit seeking to sack President Bola Tinubu from office. The apex court, in a unanimous decision by a five-member panel of justices, awarded a fine of N5 million against the plaintiff, Chief Ambrose Owuru, who…

Following reports that a Nigerian airline, Azman Air, helped the Iranian Aviation Industries to avoid sanctions imposed on it by the United States government, the Federal Government has said relevant directorates will commence investigation into the issue. The Nigerian Civil Aviation Authority, NCAA, however, noted that matters of smuggling were within the purview of the…

A 39-year-old lawyer, Chinwuba Ekene, was on Friday remanded in prison custody by a Lagos State Magistrate Court, sitting in Yaba, for allegedly forging a court order and stealing N49,592,000. The defendant is facing three counts bordering on conspiracy, forgery, breaking and entering, and stealing preferred against him by the police. During his arraignment, the…

The Nigerian National Petroleum Company Limited (NNPC) at the weekend reduced the price of Premium Motor Spirit (petrol), otherwise known as petrol, across its retail outlets in Abuja. Visits to NNPC’s stations in Mabushi, mega filling station in zone 1, among others, showed that retail outlets’ prices had fallen from N1,060 per litre, with the…

The Dangote refinery has exported Premium Motor Spirit (petrol) to Cameroon, Angola, Ghana, and South Africa in the past few weeks. The Vice President of Oil and Gas, Dangote Industries Limited, Devakumar Edwin, disclosed this while playing host to a delegation from the Japanese Business Community in Nigeria, led by Japan’s Ambassador-designate to Nigeria, Suzuki…

The Federal High Court in Abuja on Friday, December 13, 2024, granted bail of N500 million to the immediate past Governor of Kogi State, Yahaya Bello. Bello is facing a 19-count charge bordering on criminal breach of trust and laundering of ₦80,246,470,089.88 billion belonging to the people of Kogi State. He is accused of looting…

The state Minister for Petroleum and Gas Resources, Hon. Obobgemem Elpo had said that the Maiduguri Emergency Power Plant will be replaced across the country, especially Northern part to address problems associated with power supply due to incessant vandalization of facilities and inadequate supply across the Federation. The Minister who disclosed this in an interview…

The Central Bank of Nigeria has announced that it will slam a fine of N150m per branch on Deposit Money Banks found guilty of facilitating the illegal flow of mint naira notes to currency hawkers and unscrupulous agents. The apex bank disclosed this in a circular issued on Friday, December 13, 2024, signed by the…

The Federal Government has expressed worry over the alarming rate of airline collapse in the country and has declared that it was ready to formulate policies that would lead to survival of carriers. It noted that it would put in place policies and processes that will ensure survival and growth of domestic airlines. The rate…

The Central Bank of Nigeria has reaffirmed the validity of the old N1000, N500, and N200 banknotes as legal tender, clarifying misinformation circulating about their status. In a statement signed by Mrs Hakama Sidi-Ali, the Acting Director of Corporate Communications, on Friday, the apex bank confirmed that the Supreme Court ruling of November 29, 2023,…

Another lawyer from Afe Babalola’s law firm has filed a N600 million libel suit against Dele Farotimi. Ola Faro, who is the Deputy Managing Partner at Afe Babalola & Co.’s Port Harcourt office, filed the suit at the Rivers State High Court in Port Harcourt on 11 December, alleging that Mr Farotimi defamed him in…

The Federation Accounts Allocation Committee (FAAC) has allocated a total of N1.727 trillion to the three tiers of government from the November 2024 Federation Accounts Revenue. The allocation, which was finalized during the committee’s December 2024 meeting in Abuja, was announced by Mr. Bawa Mokwa, Director of Press and Public Relations at the Office of…

Justice Ayokunle Faji of the Federal High Court, Lagos on Thursday, dismissed the bail applications by four bloggers accused of blackmailing Guaranty Trust Holding Company and its Group Chief Executive Officer, Segun Agbaje. He also adjourned the matter to January 13 and 14, 2025. The four bloggers: Precious Eze, Olawale Rotimi, Rowland Olonishuwa, and Seun…

A special Court of Appeal sitting in Abuja has overturned the controversial judgment of the Federal High Court, Abuja, which had ordered the seizure of Rivers State allocations. The Appellate Court’s ruling on Friday found that the lower court lacked the necessary jurisdiction to hear the case and issue the orders contained in the judgment.…

President Bola Tinubu, Attorney-General of the Federation and Minister of Justice, Lateef Fagbemi, and Senate President, Godswill Akpabio, have been dragged before a Federal High Court in Abuja over the alleged unlawful removal of Justice Danladi Umar as Chairman of the Code of Conduct Tribunal (CCT). The President and 10 others were sued by two…