Oil & Gas

Oil Marketer Sues Zenith Bank With N6.4bn Suit Over Illegal Charges

An independent oil marketer, Olusola Anthony Adejugbe and his company, Tonique Oil Services Limited, have instituted a N6, 441, 369, 617.73 billion suit against Zenith Bank Plc, before Federal High Court, Lagos, over what they described as excessive and illegal charges. The matter which is before Justice Ayotunde Faji, is fixed for hearing April 4 and 5. Adejugbe in his ...

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AGF Charges Oil Marketer For Forgery, N2.066bn Fraud

The Attorney-General of the Federation (AGF) has charged an oil marketer, Chima Anyaso alongside his company, Ceecon Energy Oil and Gas Limited, before a Federal High Court, Lagos, on a three count-charge bordering on forgery and N2,066,400 billion fraud. AGF in charge marked FHC/L/332c/18, alleged that the oil marketer of 16, Babatunde Dabiri Street, Lekki Phase 1 and having his ...

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N134bn Ogoni Judgment Debt: Shell Loses Appeal at Supreme Court

The Supreme Court has dismissed the appeal filed by Shell Petroleum Development Company (SPDC), which prevented First Bank of Nigeria Limited from paying the plaintiffs community a judgment debt now totaling N134 billion to the plaintiff community represented by 10 Ogoni Chief of Ejama Ebubu community of Ogoni in Rivers State. In a ruling on Friday, according to ThisDAY newspaper, Justice ...

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MD Lists Conditions For Restoration of Economic Growth in Nigeria

The Managing Director (MD)/Chief Executive Officer (CEO), Oilserv Nigeria Limited, Engr (Dr) Emeka Okwuosa said that Entrepreneurs act as a force for creative destruction, sweeping away established technologies, products and ways of doing things and replacing them with others that the market place and environment see as representing greater value. He said that Entrepreneurship works hand in hand with capacity and infrastructural development. Okwuosa who spoke ...

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Explain N378bn NLNG Scandal PDP Urges Petreolum Minister Buhari

The Peoples Democratic Party (PDP) challenges President Muhammadu Buhari, who is also the Minister of Petroleum Resources, and the All Progressives Congress (APC) to speak out on revelations of how N378 billion proceed from the Nigerian Liquefied Natural Gas dividends was allegedly siphoned by the Buhari Presidency cabal, under sleazy oil subsidy deals.   The party said Nigerians were startled ...

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The Man Behinds Imported 1570 Pump Action Rifles Held, Arraigned

A businessman, Ayogu Great James, who was alleged to have imported 1570 pump action rifles into Nigeria, sometimes between September 6 to 20, 2017, was arraigned before a Federal High Court, Lagos, by the men of Nigerian Customs Services (NCS). Ayogu, a resident of Plot 291, Dawaki extention, opposite Gwarinpa Estate, Abuja, was arraigned alongside his company, Great James Oil and Gas ...

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