An English court has thrown a worldwide legal net over the assets of one of Nigeria’s most prominent oil traders, freezing his holdings across at least four countries after he failed to satisfy a $40 million judgment debt and allegedly threatened to spirit away his wealth rather than pay what he owes. The High Court […]
•Swiss President Ignazio Cassis The Swiss government said today that it had decided to freeze any assets held in Switzerland by the deposed Venezuelan President Nicolas Maduro or his associates “with immediate effect”. Bern said it had reached its decision after Maduro was seized in Caracas in a shock US military operation, and brought to [&he...
•EFCC chairman, Ola Olukoyede The Economic and Financial Crimes Commission (EFCC) has stated that Nigerian politicians have devised a new means to perpetuate corruption and evade anti-graft agencies by declaring assets they are yet to acquire before assuming office. Speaking during the launch of Virtual Tool on the Code of Conduct for Public O...
The deputy governors of Borno and Yobe States, Dr Umar Usman Kadafur and Idi Barde Gubana, respectively, met to discuss the sharing of remaining assets between the two states. The meeting, held at the Government House in Maiduguri, the Borno State capital, aimed to finalise the modalities for sharing the previously undiscovered assets, reports...
•Thailand’s Prime Minister Paetongtarn Shinawatra Thailand’s Prime Minister Paetongtarn Shinawatra has declared more than $400 million in assets today, her party said, including more than 200 designer handbags worth over $2 million and at least 75 luxury watches valued at almost $5 million. Paetongtarn, the youngest daughter of telecom billion...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has not approved Shell International Plc’s bid to sell its onshore assets to Renaissance. The transaction for the assets is valued at $1.3 billion, reports Nigerian Tribune. A statement signed by NUPRC Head, Public Affairs and Corporate Communication, Mrs Olaide Shonola titl...
•Atiku Former Vice-President Atiku Abubakar has waded into the controversy between Dangote Refinery and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), saying no investor will trust a nation that undermines its key assets. The opposition leader in a post on his verified Facebook account posted that the 650,000 bp...
•Alia and Ortom The Governor of Benue State, Hyacinth Alia, has begun the probe of former governor Samuel Ortom over government assets under his care from May 29, 2015, to May 28, 2023. As part of the probe, the governor has constituted two commissions of inquiries on income and expenditure, including contract awards, bailout funds […]...
Oil-producing communities in Niger Delta have threatened to sue Shell Petroleum Development Commission, SPDC, if it insists on selling off its $2.4 billion offshore assets without meeting the basic demands of the Niger Delta people. The mineral-bearing communities said it would not hesitate to drag the oil company to court if it fails to respo...
The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has rejected the planned sale of Shell’s onshore assets, claiming the group being speculated to buy up the assets is unknown to it. On January 16, Shell said it would sell its Nigerian subsidiary, Shell Petroleum Development Company of Nigeria Limited (SPDC), for a [...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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