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FG Loses Bid To Stop Hearing Of Abacha’s Suit To Reclaim OPL 245

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The Federal High Court in Abuja, yesterday, dismissed preliminary objection the Federal Government lodged to stop hearing of a suit that the son of late military Head of State, Mohammed Abacha, filed to reclaim ownership of Oil Prospecting License (OPL) 245, which was originally awarded to Malabu Oil and Gas Limited.

The court, in a ruling by Justice Binta Nyako, held that contrary to the Federal Government’s contention, the suit was neither statute-barred nor amounted to an abuse of the judicial process.

Justice Nyako held that the court has the requisite jurisdiction to look into the case.

Aside from the Federal Government, other Defendants in the suit marked FHC/ABJ/CS/201/2017, are; the Minister of Petroleum Resources, Shell Nigeria Ultra-Deep Ltd, Shell Nigeria Exploration and Production Company Ltd, Nigeria Agip Exploration Company Ltd, and former Petroleum Minister, Dan Etete.

The OPL 245 is regarded as one of the biggest oil blocs in Africa.

It was initially awarded to Malabu Oil & Gas Ltd in 1998 by the late military head of state, General Sani Abacha, in a process, the Economic and Financial Crimes Commission (EFCC), alleged was against all known government regulations.

The EFCC said its investigations revealed that Malabu Oil & Gas Ltd secured OPL 245 through a fraudulent scheme involving high scale bribery and corruption by top management of the company and some government officials.

Processes the anti-graft agency filed in court further revealed that the oil bloc was later withdrawn from Malabu Oil & Gas Ltd on July 2, 2001, based on the directive of the Presidential Adviser on Petroleum to ex-President Olusegun Obasanjo, after which it was re-allocated to Shell Nigeria Ultra Deep Ltd.

However, following series of litigations, OPL 245 was returned back to Malabu, which EFCC said subsequently went into a fraudulent agreement with Shell and Agip, in which the companies paid a signature bonus of $210million to the Federal Government, while an additional $1.2billion bribe was given to some owners of Malabu Oil & Gas Ltd led by a former Minister of Petroleum under Abacha, Chief Etete, who as at then was already a convict.

The EFCC alleged that it was former Attorney-General of the Federation, Mohammed Adoke, SAN, that helped Shell and Agip to route the bribe money through the Federal Government’s Escrow Account with JP Morgan Chase Bank in London.

However, Adoke had since denied the allegation, insisting that he was innocent. Meanwhile, in the suit he filed in the name of Malabu Oil, Abacha’s son, Mohammed, claimed to be the majority shareholder in the oil firm.

The plaintiff told the court that the oil firm was not part of the purported allocation of OPL 245 to Shell and Agip and for which they allegedly paid $1.3billion to Etete.

He told the court that actual shareholders of the firm were excluded from the process.

The Plaintiff added that the oil company was also not part of the Bloc 245 Resolution Agreement of April 29, 2011, entered between the Federal Government, Shell, Agip, and Etete, purporting to represent Malabu Oil, adding that it “did not relinquish any or all of its rights and interests in OPL 245 to any person or persons.”

He added that the purported allocation of OPL 245 to Shell and Agip in 2011 was in violation of Malabu oil’s rights as the holder of the “OPL 245 to exclusively explore and prospect for petroleum within the area of its licence, pursuant to Paragraph 5 of the First Schedule to the Petroleum Act, and is therefore null and of no effect.”

Plaintiff is praying the court to among other things, issue an order of perpetual injunction restraining the defendants from carrying out any exploration or prospecting activities in connection with or in relation to the area covered by OPL 245.

It wants the court to make an order compelling the Defendants to restore to it, its right to the exclusive possession of OPL 245.

The Plaintiff also wants a declaration that not being a party to the Bloc 245 Resolution Agreement dated April 29, 2011, any payment purportedly made by the Defendants into any bank account purporting to be the Plaintiff’s bank account and or made to the 7th defendant (Etete) purportedly in the name of the Plaintiff, was not a payment made in pursuance of the said bloc 245 resolution agreement.

The Plaintiff is further seeking a declaration that the allocation of OPL 245 by the 1st and 2nd Defendants (FG and Petroleum Minister) to the 4th and 5th defendants (Shell and Agip), via a letter by the Petroleum Minister, on May 11, 2011, titled “Re: OPL 245 Resolution Agreement/Letter of Award”, while the Plaintiff’s rights and the interests to OPL 245 were subsisting, is in violation of the Plaintiff’s exclusive right under Paragraph 5 of the First Schedule to the Petroleum Act, to explore and prospect for petroleum within the area covered by OPL 245, and is therefore, invalid, wrongful, null and void and of no effect whatsoever.

Meanwhile, Justice Nyako adjourned the suit till March 9, 2021, for hearing.

 

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FG Targets Production Of Locally Made Vehicles By Dec

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The Minister of Industry, Trade and Investment, Dr Doris Uzoka-Anite, has affirmed that Nigeria now has the capacity and materials to manufacture Made-In-Nigeria cars for local use and export.
With the enabling environment being provided by the government, she said manufacturers should be held responsible if the cars are not rolling out by December 2024.
Currently, Nigeria produces less than 10 per cent of the vehicles used in the country.
Last year, Nigeria’s vehicle assembling industry, estimated to be worth around N302billion, tanked to a new low due to increasing production costs and weakened demand for locally assembled automobiles.
According to the Manufacturers CEOs Confidence Index, activities of motor vehicles and miscellaneous assembly deteriorated further below the benchmark (50 points) from 48.6 to 46.7 points.
But speaking at the Automotive Component Manufacturers meeting in Abuja, she noted that the automobile industry is faced with both challenges and opportunities.
A statement issued last Friday by the Director of Information and Public Relations, Adebayo Thomas, said, “In a significant move aimed at fostering sustainable growth and development in Nigeria’s automobile industry, the Federal Government has issued a clarion call to all stakeholders, including manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem.
“The call comes as part of a broader strategy to enhance the sector’s contribution to the nation’s economy.”
Encouraging the stakeholders to key into the Nigerian Automotive Development Policy, the Minister said, “As far as we are concerned, the auto industry is now set to go.
“We are counting on all stakeholders to make that happen. If we do not produce made-in-Nigeria cars before the end of this year (December), it will be your fault, because I am sitting down here giving you all the assurances that this administration has created the enabling environment to make sure that the auto policy kicks off.”
Anite emphasised the need for collaboration among manufacturers, dealers, regulatory bodies, and other players in the automobile ecosystem, saying by working together, they can address challenges, streamline processes, and drive innovation.
She also urged stakeholders to maintain high-quality standards across the board, including vehicle manufacturing, safety features, emissions control, and after-sales services.
Stringent adherence to quality, she said, will boost consumer confidence and attract investment.
The minister assured all that the government would continue to encourage increased investment in research and development, adding that, innovations in electric vehicles, fuel efficiency, and alternative energy sources are critical for long-term sustainability.
On local content, she also emphasised the importance of promoting local content by sourcing materials and components locally.
By doing this, she said, the sector can create jobs, reduce import dependency, and contribute to economic diversification
In his introductory comments, the ministry’s Permanent Secretary, Nura Rimi, emphasised the significance of team action and shared vision as outlined in the Nigerian Automotive Development Policy.
He also urged stakeholders that the country “will overcome obstacles and unleash the full potential of Nigeria’s automotive component sector.”
He encouraged NADDC and other stakeholders to use the chance to form alliances, explore new areas of collaboration, and devise ways to catapult the automotive components manufacturing industry to new heights of success.
The statement added, “The government’s charge underscores the pivotal role stakeholders play in shaping its trajectory. Their commitment to sustainable practices will drive Nigeria’s automotive sector towards a brighter and more prosperous future.
“Environmental Responsibility: Stakeholders are reminded of their environmental responsibilities. Sustainable practices, recycling, and eco-friendly manufacturing processes are essential for a greener future.”

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Waive Tax On Electronic Imports, Women Engineers Appeal To Tinubu

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The Association of Professional Women Engineers of Nigeria (APWEN), Lagos Chapter, has called on President Bola Tinubu to exempt the importation of electronic components from taxation for inventive engineers.
Chairman of APWEN, Ms Atinuke Owolabi, said this a in statement yesterday in Lagos, in commenration of the 2024 World Creativity and Innovation Day, with the theme: “Step Out and Innovate”.
The Tide source reports that World Creativity and Innovation Day is a global UN Day, celebrated on April 21, to raise awareness about the importance of creativity and innovation in problem solving.
This is with respect to advancing the United Nations’ sustainable development goals, also known as the global goal.
Owolabi explained that such a measure would significantly enhance technological progress, support local innovators, and elevate Nigeria as a leading hub for innovation globally.
She stated that in a world marked by dynamic challenges and unprecedented opportunities, creativity and innovation stand as the driving forces behind progress and transformation.
According to her, women engineers recognise the critical role that innovation plays in shaping our societies and driving sustainable development.
”On this occasion, we affirm our commitment to fostering a culture of creativity and innovation within our organisation and the broader engineering community.
”Together, let us step out, innovate, and inspire the next generation of women engineers to reach even greater heights of achievement and impact.
”We believe that by stepping out of our comfort zones and embracing new ideas, technologies, and approaches, we can unlock innovative solutions to the complex challenges facing our world today,” she said.
According to her, the theme: ‘step out and innovate’, serves as a call to action for women engineers everywhere to break barriers, challenge conventions.
She noted that it would also pioneer groundbreaking solutions that would propel them toward a brighter and more sustainable future.
Owolabi disclosed that in celebration of the World Creativity Day, APWEN Lagos had inaugurated an artificial intelligence club tailored for female engineering students and young engineers.
She said that the proactive initiative aimed to inspire and equip young engineers with cutting-edge technological insights.
Th chairman said, “Additionally, we already have a 200-capacity hall to set up a resource, technology, and innovation hub to empower women and girls in engineering.
”This endeavour serves as a catalyst for encouraging aspiring female engineers to embrace innovation and stay abreast of emerging trends in the field.
”APWEN Lagos stands united in its dedication to promoting diversity, inclusivity, and excellence in engineering.
“We encourage all female engineers to seize this opportunity to unleash their creativity, explore new frontiers, and make an indelible mark on the world.”

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Pan-Igbo Group Hails Dangote Group For Reducing Diesel Price

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A pan-Igbo group, Ndigbo Unity Forum (NUF), has commended the Chairman of the Dangote Group, Alhaji Aliko Dangote, and his management for reducing the price of diesel from N1,600 to N,1000 per litre.
The Tide’s source reports that diesel is the major fuel used by heavy duty vehicles and generating sets to transport goods as well as run industries across the country.
The President of NUF, Mr Augustine Chukwudum, told The Tide’s source in Enugu, yesterday, that Dangote’s timely response to suffering masses of Nigerians, going through hell to get a meal a day, “is highly commendable”.
According to Chukwudum, Nigerians need to appreciate the patriotism of Dangote since what he has done will go a long way in reducing prices of goods, especially food stuff which has gone out of the reach of the poor.
He called on Nigerians, who wish and pray always for the betterment of the country, to appreciate and thank God for answering their prayer through Dangote’s move.
“It is clear that if Dangote Refinery starts fully and gets all the crude oil needed from Nigeria, the prices of petrol, kerosene and diesel will further reduce.
“We commend President Bola Tinubu for being a listening President and supporting the Dangote Group on our crude oil needs.
“We appeal to Tinubu to encourage Dangote by providing the company with crude oil at a reduced rate as we have been demanding,” he said.
Chukwudum said that this move and subsequent further reduction, would bring industries in comatose back to life, jobs created for unemployed youths and reduction in crime as well.
“We call on governors of oil-producing Anambra, Imo and Abia States to bring investors, who shall build refineries in each of the states to refine thousands of barrels of crude in commercial quantities,” he said.

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