ProbitasNews

Court overturns interim orders against Seplat Energy CEO

2 years ago643 min

The ex parte interim orders against Seplat Energy Plc, its CEO Roger Brown, and board chairman Basil Omiyi have been overturned by the Federal High Court in Lagos. Also vacated was the order that restrained Brown from participating in the running of the company, according to a statement on Thursday, April 6, signed by Omiyi. “The case has been adjourned to May 16, 2023, to continue the hearing,” the statement read. The interim orders were...

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Editors' Pick Security & Defence

Breaking: Thugs kidnap and kill retired immigration officer in Nasarawa

2 years ago642 min

Mr. Jacob Agada, a retired immigration officer, was killed by alleged gunmen in Lafia, the capital of Nasarawa State. On Thursday evening, the tragic incident took place close to Agaya hotels, Ombi 2, and Lafia. At around nine o’clock in the evening, the thugs reportedly kidnapped Mr. Agada as he was making his way home. Later, his lifeless body was found nearby. A family friend of the deceased confirmed the incident, expressing sadness and regret...

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Business & Economy

List of eight banks CBN permits to operate internationally, while others operate national, regional status

2 years ago575 min

There are at least 33 banks in Nigeria, according to data from the Central Bank of Nigeria. These banks’ operating licenses range; some have national or regional licenses, while others function as merchant banks. The Central Bank of Nigeria gave eight of the 33 banks permission to conduct business internationally. Following is a list of Nigerian banks along with the types of licenses they hold as of December 2021. Banks that are permitted to open...

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Lead Stories News

Court orders forfeiture of N725m, property connected to former NIMASA DG

2 years ago9742 min

On Monday, Justice Tijjani Ringim of the Federal High Court in Lagos, sitting in Lagos, issued an order of interim forfeiture of the amount of N725,345,897.77 and Plot J 37A 218 Close, 2nd Avenue, Banana Island, Ikoyi, Lagos, which had allegedly been diverted from the Nigerian Maritime Administration and Safety Agency. After hearing Bilkisu Buhari, counsel for the Economic and Financial Crimes Commission, argue a motion ex parte, the judge granted the order. Buhari explained...

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News Politics

Olisa Agbakoba: Tribunal decides on presidential election in 7 days

2 years ago9793 min

Olisa Agbakoba, a legal luminary, has stated that it is possible to conclude presidential election petitions in April if the court systems are very proactive. He noted that the tension surrounding the call for an interim government stemmed from expectations that the tribunal would not rule before May 29. According to Agbakoba, orders/directions are issued peremptorily in arbitration cases to resolve complex jurisdictional and procedural issues. In a statement issued on Monday, he urged the...

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Metro Politics

10th Assembly: North Central Frontiers Endorse Betara for Speaker

2 years ago9964 min

The North Central Frontiers (NCF) has backed the lawmaker representing Biu/Bayo/Shani Federal Constituency of Borno state, Hon. Muktar Aliyu Betara, for the position of Speaker in the 10th National Assembly. The group, in a statement signed by Hon. Moses Onah and Andrew Bot, its president and secretary-general respectively said Betara is tailor-made for the job. Describing the Borno legislator as experienced, competent and prepared, the group said its decision to support Betara despite him being...

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News

Nnamdi Kanu: Nigerian Army and Police open fire on Biafra in Abia, killing many, during a peaceful protest (videos)

2 years ago10025 min

The Nigerian army has been accused of killing armless Igbos who were protesting and demanding the unconditional release of Mazi Nnamdi Kanu, leader of the Indigenous People of Biafra, IPOB, in Abia State. The Nigerian Army and Police opened fire on Biafra in Abia, killing many of them during a peaceful protest. For the first time since its creation, section of IPOB ESN make public appearance in peaceful protest for the release of Mazi Nnamdi...

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