In a bid to ensure the effective running of the petroleum sector, the Senate on Thursday passed the Petroleum Industry Governance Bill, PIGB.
A Federal High Court in Abuja has issued a conflicting order on the detention of the Chief Executive Officer of Capital Oil and Gas Ltd, Ifeanyi Ubah.
A Federal High Court sitting in Lagos, on Thursday morning, ordered the Department of State Service, DSS, to release the Managing Director of Capital Oil and Gas, Dr Ifeanyi Ubah, from its custody within 48 hours.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has retained its key benchmark interest rate at 14%, alongside other parameters.
An application filed by Ali Modu Sheriff, the national chairman of the Peoples Democratic Party (PDP), to stop the hearing of Ahmed Makarfi’s appeal, has been struck out by the Supreme Court.
The Economic and Financial Crimes Commission, EFCC, on Monday, re-arraigned a former Minister of Aviation, Femi Fani-Kayode, before a Federal High Court in Lagos.
A Federal High Court sitting in Abuja has granted a former Minister of the Federal Capital Territory, Bala Mohammed bail to the tune of N500m.
Justice Abubakar Talba of FCT High Court who granted the bail ordered that he produce two sureties in like sum.
He ordered that one of the sureties must be a Senator while the other must be a Director in Federal Civil Service, and both sureties must have landed properties in the FCT.
Justice Talba also ordered Mr. Mohammed to deposit his international passport with the registrar of the high court.
Recall that Mohammed was on Wednesday remanded in the Kuje Maximum Prison over allegations of fraud and corruption to the tune of N864m.