There were wild jubilation as the Appeal Court, Owerri division on Thursday, November 7, dismissed the suit challenging the victory of, Orji Uzor Kalu, as the senator for Abia North Senatorial District, Igbere TV reports. Igbere TV reported earlier that The National Assembly Election Petitions Tribunal sitting in Umuahia, Abia State, has nullified the victory of a former governor of the state, Orji Uzor Kalu, at the 2019 general election. However, the court of appeal dismissed the case of irregularities brought before it by Senator Ohuabunwa. The Court delivered a judgement affirming the election of Senate Chief Whip, Orji Uzor Kalu as the duly elected representative for Abia North senatorial district.
T emidayo Akinsuyi, Lagos Yinka Odumakin, National Publicity Secretary of Yoruba socio-cultural group, Afenifere, on Tuesday said deposed Emir of Kano, Muhammad Sanusi must have crossed some political lines under the All Progressives Congress (APC). Speaking in a chat with DAILY INDEPENDENT, Odumakin said Sanusi as governor of the Central Bank of Nigeria (CBN) lied about missing money during the Goodluck Jonathan so as to force a regime change that ushered in the Buhari administration. “I have no strong views on his dethronement as there are more pressing important issues that should engage our attention ranging from insecurity to falling oil prices. Sanusi was a CBN Governor who turned the office to a personal one aid donating public money like a Donatus all over the place. There was a time we used to know CBN Governors by their photographs and signatures on Naira notes. “He became part of the political machinery in 2014 telling lies about missing money that was not proved ...
French oil major, Total is seeking to sell its 12.5 per cent stake in the giant Bonga deepwater oilfield off the coast of Nigeria, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion. Reuters quoted banking and industry sources as saying that the stake in Oil Mining Lease (OML) 118, which is located some 120 kilometres (75 miles) off the Niger Delta, is valued at up to $750 million. Investment bank, Rothschild, is said to be running the sale process for the oil major. Rothschild and a spokeswoman for Total declined to comment. OML 118 is operated by Royal Dutch Shell, which holds a 55 per cent interest. Exxon Mobil holds a 20 per cent stake in the block, while Italy’s Eni and Total each hold 12.5 per cent. The sale process is part of Total’s plan to sell $5 billion of assets around the world by 2020, the sources said. The block includes the Bonga field, Nigeria’s first deepwater project which started in 2005 and produced around 225,000 barrel...
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