Tag: nigerian energy

Justice Akintayo Aluko of a Federal High Court in Lagos has affirmed the ownership right of a firm, Chard Harpers Properties Limited, on a property seized by the Economic and Financial Crimes Commission (EFCC) from a former Governor of Bayelsa State, Diepreye Solomon Peter Alamsieyeseigha. The property situated at No 1, Community Road, Allen Avenue,…

The Socio-Economic Rights and Accountability Project (SERAP) has today told a Federal Capital Territory High Court that the officials of Nigeria’s secret police, the Department of State Services (DSS) who invaded our Abuja office used fake names and came with two unmarked vehicles.” SERAP had in September alleged that the DSS invaded its Abuja office,…

Government agencies got an assurance from the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, that the four tax bills being discussed in the National Assembly will neither hurt their operations nor affect the jobs of their employees. The FIRS boss gave the assurance yesterday in Abuja during a meeting with the chief…

Nigeria has once again been thrown into darkness following the collapse of the national power grid. This marks the second outage in a single week and the twelfth occurrence within the last eleven months, deepening concerns over the country’s ongoing power stability issues. The Ikeja Electricity Distribution Company (IKEDC) confirmed the latest collapse in a…

The Central Bank of Nigeria has issued guidelines to banks on implementing the free foreign exchange deposit window announced by the Federal Government recently. The guidelines released by the CBN on Tuesday provided the modalities for the participation of commercial, merchant, and non-interest banks in the scheme. The notice of the scheme guidelines, which takes…

Electricity Distribution Companies, DisCos, have announced a rise in the price of various electricity meter models, making it the second price hike in four months. According to the DisCos, the cost of a single-phase meter has risen from approximately N117,000 to as much as N149,800. This amount indicates an increase of 28.03 per cent or…

Three major oil marketers in the country, yesterday, asked the Federal High Court in Abuja to stop what they described as plot by Dangote Petroleum Refinery and Petrochemicals FZE, to monopolise the energy sector of the economy. The marketers, including AYM Shafa Limited, A. A. Rano Limited and Matrix Petroleum Services Limited, maintained that allowing…

The trial of 27 Yoruba Nation agitators commenced on Wednesday at the Oyo State High Court in Ibadan, with all suspects present for the proceedings. The court took the pleas of the defendants, who are accused of attempting to declare a sovereign Yoruba Nation at the state Secretariat, Agodi, Ibadan, on April 13, 2024. The…

A Federal High Court in Abuja, on Wednesday, ordered the Economic and Financial Crimes Commission (EFCC)’s lawyer, Abbas Mohammed, to confirm and report back to the court if an alleged misleading report on the court’s proceedings was from the Commission’s website. Justice Obiora Egwuatu gave the order after the defence lawyers in the money laundering…

The Enugu State Government has withdrawn from a lawsuit filed by 16 state governments in the Supreme Court, challenging the authority of the Economic and Financial Crimes Commission (EFCC), the Nigeria Financial Intelligence Unit (NFIU), and other anti-graft agencies over state governments when the states did not endorse their creation. The 16 states initially involved…

An Abuja-based physician and consultant, Dr. Kenenna Obiatuegwu has engaged the services of a Senior Advocate of Nigeria, Chief Emmanuel Esene, in his appeal against the judgement of a Federal Capital Territory (FCT) High Court that denied him compensation in the suit against the Nigerian Medical Association (NMA). Esene is specifically seeking an order of…

Dangote Petroleum Refinery and Petrochemicals has advised Pinnacle Oil and Gas Limited that deregulation should not be used as a justification to import off-spec petroleum products or undermine national interests. The refinery made this statement in response to remarks by Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, concerning the importation and blending of…

The High Court of Kano State has granted an order to safeguard the monthly statutory allocations meant for the 44 local government councils within the State. The decision, handed down by Hon. Justice Ibrahim Musa Muhammad on November 4, 2024, comes in response to a Motion Ex-Parte filed by members of the National Union of…

The courtroom drama bedeviling the FBN Holdings Plc and its subsidiary, First Bank of Nigeria Plc seems to be at the peak with three other shareholders again challenging the validity of the proposed Annual General Meeting of First Bank Holdings. In this fresh development are Olojede Adewole Solomon, Adebayo Oluwafemi Abayomi and Ogundiran Emmanuel Adediran…

The Nigerian National Petroleum Company (NNPC) Limited has firmly stated it does not import adulterated fuel and is not responsible for the recent hike in fuel prices. Responding to demands for Group Chief Executive Officer Malam Mele Kyari’s resignation over rising fuel prices, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, clarified on Tuesday that protesters…

The immediate past governor of Taraba, Darius Dickson Ishaku and a former permanent secretary, Bureau for Local Government and Chieftaincy Affairs in the state, Bello Yero, have objected to their prosecution by the Economic and Financial Crimes Commission (EFCC). This was done on behalf of the Federal Government, before the High Court of the Federal…

The Transmission Company of Nigeria (TCN) has assured Nigerians that the restoration process is underway after the national grid suffered a partial collapse at approximately 1:52 p.m. on Tuesday. Recall that the National Grid, via its official X account, announced the development on Tuesday, stating, “BREAKING: National Grid suffers another setback. Restoration soon!” The incident,…

A Federal High Court in Abuja on Tuesday, struck out the treason charge preferred against the minors who participated in the August #EndBadGovernance protests following its withdrawal by the Federal Government. Justice Obiora Egwuatu struck out the charge after the application for the discontinuance was moved by Mr Mohammed Abubakar, counsel to the Attorney-General of…

A Federal High Court in Abuja has given an interim order to stop members of the Nigerian Auctioneers Association (NAA) from parading themselves as the executive. Justice Emeka Nwite, in the ex parte order, directed the 16 respondents not to hold any meeting, any election slated for November 30, or any other date pending the…

An Enugu State High Court presided over by Justice C.O. Ajah has ordered the state’s Commissioner of Police (CP) and a Deputy Superintendent of Police (DSP), Chidobe Ekeleme, to pay the sum of N20 million for violating the right to life of the late Chika Chukwu Onwe. The judge stated that the fine was a…