A lucky Nigerian young man named Olayinka Fajimite got an internship job with Oando PLC on micro-blogging site by being audacious in his approach.
-
ADVERTISE ON OUR PLATFORM
I can help you promote your offline/online business, start-up, seminar etc to my targeted blog readers and you will get a good value for your money.You can use Sponsored post, Banner ads or Text ads to advertise on my blog..
Showing posts with label oil & gas. Show all posts
Showing posts with label oil & gas. Show all posts
Ifeanyi Ubah Hits Big as Abuja High Court Orders AMCON to Pay N26.5billion to Capital Oil & Gas
Justice Abdul Kafarati of the Federal High Court sitting in Abuja on Thursday, in a judgment, ordered the Asset Management Corporation of Nigeria to pay Capital Oil and Gas Industries Limited N26.5 billion
Billionare mogul, Ifeanyi Ubah
The Federal High Court, Abuja, on Thursday ordered the Asset Management Corporation of Nigeria to pay Capital Oil and Gas Industry Limited N26.5 billion as contained in a consent judgement delivered in 2013.
Justice Abdul Kafarati, in his judgment, held that the court had powers to enforce its judgment or that of any lower courts in the country.
He said, “An order is granted for AMCON to provide Trade Finance Facility in the sum of N16 billion for revamping of the plaintiff’s business and to pay the plaintiff’s trade creditors.
“I also grant an order compelling the defendant to comply with the consent judgement and to make the additional sum of N10.5 billion available to the plaintiff.
“This money is the payment of sundry creditors who continue to threaten the plaintiff’s business.”
Kafarati also restrained AMCON from exercising any powers over Capital Oil and Gas Limited and its assets. These include attempts at processing any assignment or transferring same on behalf of the company.
A Federal High Court in Lagos on May 6 struck out the suit brought by AMCON against Capital Oil and Gas Industries Limited on these issues.
The court held that the suit was premature and could circumvent pending suits relating to the alleged indebtedness of Capital Oil and Gas Limited.
The plaintiff (Capital Oil and Gas Industry Limited) had approached the court to decide whether having regards to the consent judgement, AMCON was not under obligation to restructure its debt.
The plaintiff also asked the court to decide whether the actions of the defendant and agreements reached by parties since the consent judgement did not constitute a waiver of the requirement for compliance.
The court was also asked to decide whether the defendant was not wrong to have failed to restructure the plaintiff’s debt.
The plaintiff further sought the determination of the court whether if the defendant did not by its action fail to avail it trade facility in the sum of N16 billion to pay its trade creditor.
Reacting to the judgement, Mr Ajibola Oluyede, counsel to the plaintiff, described it as a landmark decision.
He, therefore, urged the defendant to accept the judgement, adding that such step would encourage growth of private businesses in the country.
Source: NAN
Militant Niger-Delta Avengers Blow Up More Oil and Gas Installations in Bayelsa
The
Niger-Delta Avengers militant group have continued in their recent bomb
attacks in the region destroying more government installations.
The strike teams of Niger Delta Avengers, NDA, in the early hours
of today,Saturday, struck in Bayelsa State, blowing up trunk line
belonging to the Nigerian Agip Oil Company, NAOC and Shell Petroleum
Development Company, SPDC.
The group, which claimed responsibility for the explosions in a tweet, said: “At About 2.15am on Saturday the @NDAvengers blow up Nembe 1, 2 and 3 Brass to Bonny Trunk Line belonging to Agip and Shell.”
The group, which claimed responsibility for the explosions in a tweet, said: “At About 2.15am on Saturday the @NDAvengers blow up Nembe 1, 2 and 3 Brass to Bonny Trunk Line belonging to Agip and Shell.”
Meanwhile, soldiers invaded Oporoza, the traditional headquarters
of Gbaramatu kingdom, at about 1.52 am, this morning and were still
laying siege to the community as at 8.00 am.
The soldiers, who came in no fewer than seven gunboats, allegedly beat up residents, including an octogenarian community leader, Chief Atiti Mala, with the butt of a gun.
“They were asking the helpless villagers to produce former militant leader, Government Ekpemupolo, alias Tompolo, and members of the Niger Delta Avengers,” a youth leader told Vanguard on phone.
Ijaw leader, Chief Godspower Gbenekama, who confirmed the attack on Oporoza, said: “Information available to me is that the military invaded Oporoza again in the early hours of today. As I am speaking to you, they are still there molesting people.”
“They have arrested many persons and villagers have fled into the bush, this is wrong, they are going to worsen issues with what they are doing. I posted on Facebook that they invaded Oporoza and a military called me to tell me that they would deal with me.
“We are not safe, we have said it over and over that Gbaramatu people are not synonymous with Niger Delta Avengers, they should leave my people along. If they want to kill me, let them go ahead, but I will continue to say the truth, why are they harassing my people, they should harass the militants whose activities we condemn,” he added.
Source: Vanguard
The soldiers, who came in no fewer than seven gunboats, allegedly beat up residents, including an octogenarian community leader, Chief Atiti Mala, with the butt of a gun.
“They were asking the helpless villagers to produce former militant leader, Government Ekpemupolo, alias Tompolo, and members of the Niger Delta Avengers,” a youth leader told Vanguard on phone.
Ijaw leader, Chief Godspower Gbenekama, who confirmed the attack on Oporoza, said: “Information available to me is that the military invaded Oporoza again in the early hours of today. As I am speaking to you, they are still there molesting people.”
“They have arrested many persons and villagers have fled into the bush, this is wrong, they are going to worsen issues with what they are doing. I posted on Facebook that they invaded Oporoza and a military called me to tell me that they would deal with me.
“We are not safe, we have said it over and over that Gbaramatu people are not synonymous with Niger Delta Avengers, they should leave my people along. If they want to kill me, let them go ahead, but I will continue to say the truth, why are they harassing my people, they should harass the militants whose activities we condemn,” he added.
Source: Vanguard





