Legal & Regulatory

N1.5bn subsidy scam: Ship in Brazil discharged products in Nigeria – Witness

Feb 12, 2014

Justice Lawal Akapo of the Federal High Court in Ikeja, Lagos, was yesterday told how Ifeanyi Anosike and his company, Anosyke Group of Companies, refused to carry out any Ship-to-Ship transfer of 15,000 metric tonnes of Premium Motor Spirit (PMS) contrary to claims to that effect. A statement by the spokesman of Economic and Financial…

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Court adjourns LADOL case to March 11

Feb 12, 2014

Justice Chukujekwu Aneke of the Federal High Court, Lagos has adjourned to March 11 hearing in a suit between Lagos Deep Offshore Logistics and Samsung/Total over a $3.8billion Egina floating production, storage and off loading (EPSO) oil platform. The adjournment followed the opposing lawyers’ argument on the court’s jurisdiction to hear the case. The Total…

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Edo Assembly passes $33.370 billion power sector special intervention fund bill

Feb 11, 2014

Edo State House of Assembly gave nod to the state government to make provision of the sum of $33.370.589.54million supplementary appropriation for the contribution to the power sector intervention fund. BusinessDay reports that the house had in April 2013 gave the go ahead to the state government to source the sum of N4billion power sector…

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Chevron, Brittania-U to argue objection on oil blocks sale

Feb 11, 2014

A Federal High Court in Lagos on Monday fixed March 10, 2014 for hearing of the preliminary objection filed in respect of the suit brought against Chevron Group by Brittania-U Limited over plans for the sale of Oil Mining Leases (OMLs) 52, 53 and 54. The trial judge, Justice Mohammed Yunusa had, at the last…

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Non-passage of Port, Harbour Bill hampers maritime sector investment

Feb 11, 2014

Seaports Terminal Operators Association of Nigeria (STOAN) has called on the National Assembly to quickly pass into law, the long proposed Ports and Harbour Bill which gives legal backing to the port concession of 2006. The Ports and Harbour Bill was designed to provide adequate framework for private sector participation and to promote efficiency based…

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Court rejects motion for stay of proceedings in NIMASA, NLNG feud

Feb 11, 2014

A Federal High Court in Lagos on Monday struck out a motion seeking stay of proceedings in the on-going legal battle between the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Liquefied Natural Gas (NLNG) over the disputed demand for the payment of three percent of gross freight earnings. An agent of NIMASA,…

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The N’Assembly’s unfulfilled promises on PIB

Feb 11, 2014

The failure by the National Assembly to keep its public promises of giving the Petroleum Industry Bill expeditious passage is further eroding people’s trust in the institution, writes Chika Amanze-Nwachuku The National Assembly has promised for the umpteenth time to pass the long- overdue Petroleum Industry Bill (PIB) before the end of this year. Chairman,…

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Court issues bench warrant for arrest of oil marketer

Feb 11, 2014

Justice Adeniyi Onigbanjo of an Ikeja High Court yesterday issued a bench warrant against an oil marketer, Mr. Oluwaseun Ogunbambo, for his continuous failure to attend his alleged N979.6million fuel subsidy fraud trial. Ogunbambo and Habila Theck, alongside their company, Fargo Energy Limited, are being prosecuted by the Economic and Financial Crimes Commission (EFCC) over…

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Court refuses to stay hearing on N5bn suit against Total Oil

Feb 10, 2014

The National Industrial Court, NIC,  has refused an application filed by Total E&P Nigeria Limited, TEPNG, asking the court to stay proceedings  in the N5 billion suit instituted by a former staff, Aralu Steve against the oil company. Aralu worked with Total for about 11 years and was injured in a major work place accident…

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Oil spill: Court awards N305m damages against Shell

Feb 10, 2014

Thirteen years after an action was instituted before a Federal High Court in Asaba against Shell Petroleum Development Company of Nigeria Limited, SPDC, the court has awarded N305.60 million as damages against the company. The trial judge, Justice I.N. Buba, entered judgment in favour of the plaintiffs, led by Mr Pius Gbenevei and four others…

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