Connect with us

News

Inter Ocean Oil: Again, Nigeria Earns Victory

Published

on

*

_FG Relieved of $1.5b liability, Gains $660K Arbitration Coast_

The US-Based International Centre for Settlement of Investment Dispute headed by Professor William Park ordered InterOcean to pay the Federal Government of Nigeria Six-hundred and sixty thousand one hundred and twenty nine United State Dollars and eighty seven cents (USD 660,129.87) as reimbursement of its share of the arbitration costs incurred in the proceedings.

The Tribunal also absolves the Federal Government of Nigeria from any liability maintaining that Nigeria did not breach any of its obligations in the contract agreement with Interocean Development Company and Interocean Oil Exploration Company.

This is contained in a Statement issued by Dr. Umar Jibrilu Gwandu, Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation and Minister of Justice which was made available to newsmen in Abuja on Wednesday 7th day of October, 2020.

Advert

The oil companies that has among its legal team, Mr. Olasupo Shasore, SAN requested, among others, relief from the Tribunal directing the Federal Government of Nigeria, its relevant privies and instrumentalities to pay aggravated damages in an amount to be proven during these arbitral proceedings which the Claimants estimate at being in excess of US$ 1.5 Billion (One Billion Five hundred Million United States Dollars).

According to the statement the judgment which was delivered yesterday, the Tribunal finds that the Federal of Government of Nigeria has not breached its obligations toward Claimants under Nigerian law or under international law.

“The Tribunal finds no liability on the part of Respondent in connection with Claimants’ loss of control over their investment, Pan Ocean,” the Judgment reads in part.
Commenting on the development, the Attorney-General of the Federation and Minister of Justice, Abubakar Malami,SAN described the judgment as an addition to the multiple success stories recorded in international litigations by the Federal Ministry of Justice.

Malami who renewed commitment to patriotically and relentlessly discharge his constitutional mandates in the best interest of the nation and general public said gone was such an era of connivance to deprive the nation of its resources for gratifying ulterior motives of vested interest at the expense of the Nigeria populace.

News

JUST IN: FG Files 13 Count Charges Against Alleged Coup Plotters

Published

on

 

By Yusuf Danjuma Yunusa

The Federal Government has filed a 13-count charge before the Federal High Court in Abuja against individuals accused of plotting to overthrow President Bola Tinubu. Among those named in the suit are a retired major general, a retired naval captain, a serving police inspector, and three other suspects.

Advert

According to security sources, the coup was scheduled to be executed on Nigeria’s Independence Day. However, the plot was uncovered after preparations and plans were leaked, leading to its successful disruption.

The development prompted the Federal Government to cancel the Independence Day programme—a move described as highly unusual by political observers.

Continue Reading

News

BIKOBA Mourns EX-NFA Chairman, Ibrahim Galadima

Published

on

 

The leadership, and the entire members of Birnin-Kudu Old Boys Association (BIKOBA) mourn the passing of the former president of the Association, and former Chairman of the Nigeria Football Federation, Alhaji Ibrahim Galadima, who died Saturday, the 18th of April 2026, after a protracted illness.

Alhaji Ibrahim Galadima, who died at the age of 78, was the fourth president of BIKOBA, having served two consecutive terms between 1993-1997, and being a member of ’71 class chapter of the Association.

Remarking on the passing of the elderstateman, President of BIKOBA, Alhaji Ja’afar Usman Muhammad (Turakin Gaya), described him as an astute football administrator and one of the most influential figures in Nigerian sports.
He said, after diligently serving BIKOBA as it’s fourth president, late Ibrahim Galadima had also served in various capacities at national and sub-national levels, as one time Commissioner of Information, Kano State while noting that his tenure as Chairman of the Nigeria Football Federation (2002–2006), was full of success stories, culminating to the growth and develpoment of sporting sub sector in Nigeria.

Advert

He similarly served with distinction as the Chairman of the Kano State Sports Commission, where he played a vital role in promoting sports at both grassroots and elite levels, said BIKOBA President.

“Being one of the founding fathers of Kano Pillars FC, late Galadima also laid a solid foundation for the club’s growth into a dominant force in Nigerian football, adding that, his legacy, leadership, and passion for the game will continue to be remembered in the history of the club”

The president, on behalf of the executive committee and entire members of BIKOBA, extends heartfelt condolences to the immediate family of the deceased, his friends, the government, the good people of Kano State, as well as the entire Nigerian football community over the irreparable loss.

In a statement signed by National publicity secretary of the association Malam Mahmud Ibrahim Kwari said BIKOBA also prays that Almighty Allah grants late Ibrahim Galadima Aljannatul Firdaus, Ameen.

 

Continue Reading

News

President Tinubu Counters Police Academy in Kano, Establishes New Campus in Ogun

Published

on

 

President Bola Ahmed Tinubu has approved the establishment of a new campus of the Police Academy in Erinja, Yewa South Local Government Area in Ogun State.

A statement by Bayo Onanuga
Special Adviser to the President,
Information & Strategy, says President Tinubu also approved a special take-off grant of N15billion for the college.

The President’s approval was in fulfilment of the provisions of the Nigeria Police Academy (Establishment) Act, 2021, particularly with respect to the expansion of the Police Academy based in Wudil, Kano state, into multiple campuses across the country.

Advert

The intervention fund will be sourced from the TetFund 2026 allocation to finance priority infrastructure, academic facilities, student accommodation, and core training assets.

A high-level consultative meeting involving the Minister of Police Affairs, the Minister of Education, Dr Tunji Alausa, officials of the Federal Ministry of Education, the Inspector-General of Police and the Executive Secretary of the National Universities Commission (NUC) recommended the siting of the new campus in Erinja.

The meeting considered student intake capacity, funding realities, academic quality assurance, and the long-term needs of the Nigerian Police Force, which is currently recruiting more men.

President Tinubu believes the expansion will strengthen institutional governance, modern policing education and national security.

Continue Reading

Trending