Court orders final forfeiture of ₦1,16bn $392k, £35k recovered from ex-First Bank’s staff to FG

Justice A.O.Owoeye of the Federal High Court sitting in Ikoyi, Lagos, has ordered the final forfeiture of the sums of N1,168,602,877.44, (One Billion, One Hundred and Sixty Eight Thousand, Six…

Continue ReadingCourt orders final forfeiture of ₦1,16bn $392k, £35k recovered from ex-First Bank’s staff to FG

Getting Messier: Crude oil cargo owned by Arise News owner impounded over First Bank debt

The legal battle between Femi Otedola’s First Bank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified. Latest development indicates that the Federal High Court in Port Harcourt has granted an…

Continue ReadingGetting Messier: Crude oil cargo owned by Arise News owner impounded over First Bank debt

Dangote wants court to make him sole supplier of fuel despite 748m litres supply shortfall

The fuel loading schedule by Dangote Refinery has revealed that the facility recorded 748million litres supply shortfall in its obligation to the Nigerian National Petroleum Company Limited (NNPC Ltd )…

Continue ReadingDangote wants court to make him sole supplier of fuel despite 748m litres supply shortfall