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Fabian Ajogwu

Nigeria’s suit against Chevron, Total to continue February

A Federal High Court Lagos, on Tuesday, adjourned until Feb.13, 2019, a 69 million dollars suit filed by the Federal Government (FG) of Nigeria, against Chevron Petroleum Nigeria Ltd, seeking to recover oil revenue.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Court adjourns hearing of federal government’s $69 million suit

The Federal High Court, Lagos, has adjourned until Feb.13, 2019, a $69 million suit filed by the Federal Government against Chevron Petroleum Nigeria, seeking to recover oil revenue.

Nigeria closes case in $55 million crude oil suit against Agip

The Federal Government (FG) on Tuesday closed its case at a Federal High Court Lagos, in a 55 million dollars debt recovery suit it filed against Agip Oil Company Ltd.
FILE PHOTO- An MTN starter kit pack on display at a retail stand in Abuja, Nigeria November 17, 2015. REUTERS-Afolabi Sotunde-File Photo

MTN hires 15 lawyers to challenge $8.1 billion demand by CBN

The Federal High Court in Lagos has fixed December 4, 2018, for hearing in the suit filed by MTN Nigeria Communications Limited to challenge the $8,134,312,397.63 being demanded by the Central Bank of Nigeria over the alleged forex remittances.

Federal government to restrict insurance operators to areas of competence

According to Kari, the new policy would introduce a “risk-based system” where companies would be restricted to their areas of competence and abilities instead of the “rule-based system” in operation, where companies operate regardless of the level of their capital.

Federal government’s $406.7 million suit against Shell adjourned to October 9

A Federal High Court in Lagos, on Tuesday, adjourned until Oct. 9, the alleged crude oil shipment brought by the Federal Government against Shell Western Supply & Trading Ltd.

Appeal Court: Regulatory agencies cannot impose fines without recourse to court

The Court of Appeal in Calabar yesterday struck down the powers of regulatory agencies to impose fines without recourse to the courts.

Central bank asks court not to slam First Bank with N122bn judgment debt

The Central Bank of Nigeria (CBN) has asked a Federal High Court in Owerri not to make absolute the temporary garnishee order it granted six chiefs representing the Ogoni community, compelling it to pay the sum of N122.53 billion on behalf of First Bank of Nigeria Limited (FirstBank).

Court rules against Chevron on $12 billion debt recovery suit

A Lagos Division of the Federal High Court on Thursday awarded a N100,000 cost against Chevron Petroleum Nigeria Ltd in a $12 billion debt recovery suit by the Federal Government over oil shipment.

President Buhari tasks Shoprite to embrace organic foods

President Muhammadu Buhari, on Thursday, tasked the management of Shoprite to embrace the local content policy of his administration, with a view to promoting made-in-Nigeria goods, stem capital flight and conserve the most needed foreign exchange.

Court to resume hearing of federal govt’s $406.8 m suit against three oil companies

A Federal High Court in Lagos will on Jan. 23, 2018, resume hearing of a $406.8 million suit instituted by the Federal Government against Shell Western Supply & Trading Ltd, over crude oil shipment.

Fed govt’s suit against Shell, Eni adjourned

A Federal High Court in Lagos was on Monday forced to adjourn continuation of hearing until November 15 in a suit filed by the federal government against Shell Western Supply and Trading Ltd over alleged crude oil shipment worth $406.8 million.

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