The Nigerian National Petroleum Company Limited and its Joint Venture partner, Newcross Exploration and Production Ltd., have successfully restarted operations at the Awoba Unit Field, which had been shut down since February 2022 due to evacuation issues and crude oil theft. A press statement on Tuesday by the Chief Corporate Communications Officer, Olufemi Soneye, noted…
This follows a Tuesday order by Justice Emeka Nwite of the Federal High Court in Abuja after Bello’s absence in court. He was absent from court for his arraignment on a 19-count charge of alleged money laundering to the tune of ₦84bn. The judge relied on section 384 (4 and 5) of the Administrative and…
In his Notice of Appeal filed by his lawyer, Bimbo Kusanu, Bobrisky is asking the court to set aside the six months imprisonment sentence imposed on him and replacing same with the option of a fine of N50,000 (Fifty Thousand Naira) on each of the counts against him. On April 12, 2024, Justice Abimbola Awogboro…
Justice Ayokunle Faji acquitted and discharged the former NIMASA boss on Monday while ruling on a no-case submission filed by him and one other defendant, a staff of NIMASA, Josphine Otuaga, in the 22-count charge made against them. Justice Faji held that the EFCC failed to establish a prima facie case against them. The court…
The Institute of Chartered Accountants of Nigeria has called on the Central Bank of Nigeria to reconsider its exclusion of retained earnings as part of the capital base of banks. This was disclosed in its position paper on the new capital requirement for banks signed by its president, Innocent Okwousa, published in national dailies on…
President Bola Tinubu unveiled the African Counter-Terrorism Summit at the Office of the National Security Adviser in Abuja on Monday. The event which is currently ongoing and organised by Nigeria, with support from the United Nations Office of Counter-Terrorism, will be held from Monday to Tuesday, April 23, 2024, with the theme: ‘Strengthening Regional Cooperation…
United States President Joe Biden has condemned pro-Palestinian activists for acts of “blatant” anti-Semitism during protests at Columbia University. In a statement to commemorate the Jewish holiday of Passover on Sunday, Biden said it was necessary to speak out against “the alarming surge of antisemitism – in our schools, communities, and online”.“Silence is complicity. Even…
Since he escaped from Nigeria, the Economic and Financial Crimes Commission (EFCC), the International Criminal Police, the Nigeria Police Force (NPF) and the Kenyan Police Service have been in talks to extradite Anjarwalla. In March, the EFCC confirmed plans to extradite the Binance chief in the agency’s bulletin for the month. “The takeover of the…
Aiyedatiwa was declared the winner of the Ondo primary election, beating other aspirants including a lawmaker Jimoh Ibrahim. “Your participation has created so much awareness within and outside our party. You mobilized our members and removed apathy,” the Ondo governor said in his acceptance speech after the victory. “You have also brought in numerous new…
