Landmark Court of Appeal judgement strips regulatory agencies of power to impose fines on oil companies
The Court of Appeal, Calabar has delivered a landmark Judgment on the powers of regulatory agencies to impose fines without recourse to the courts. In its Judgment in favour of ExxonMobil (Mobil) in an appeal filed by the National Oil Spill Detection & Response Agency (NOSDRA), the Court of Appeal struck down Section 6(3) of the NOSDRA Act empowering it to impose fines, in clear violation of the Constitution of the Federal Republic of Nigeria 1999.
A Federal High Court in Lagos on Wednesday adjourned until May 28 hearing of a 55 million dollars debt recovery suit by the Federal Government against Agip Oil Company Ltd. Oil The government had filed several suits seeking to recover about 12 billion dollars in missing crude oil revenue from some international oil companies.
First female advocate of Nigeria Chief Folake Solanke and former Nigerian Bar Association (NBA) President Chief Wole Olanipekun (SAN) have urged senior lawyers to remunerate young lawyers undergoing pupillage in their offices well. Principal Partner, Professor Fabian Ajogwu (SAN) said it was important for lawyers to understand what truly drives success in law, saying “I am not in the school of begging seniors to pay their juniors adequately.
Commercial Law Development Services (CLDS) has signed an e-book Publishing Partner Agreement with Thomson Reuters. Under the first phase of the agreement, four of the CLDS’ several law publications, including titles authored by the Principal Partner Professor Fabian Ajogwu, would be licensed for publication and distribution through Thomson Reuters’ professional e-reader Pro View to the global community.
Chevron loses first round in FG ‘missing crude’ recovery case MARCH 1, 2018 Justice Olatoregun of the Federal High Court, Lagos has struck out a preliminary objection by Chevron Petroleum Nigeria Ltd against the Federal Government of Nigeria in the action to recover almost US$ 12 billion in missing crude oil revenue from international oil companies.
Justice Rilwan Aikawa Aikawa of a Federal High Court, Lagos has struck out the preliminary objection filed by China National Offshore Oil Corp (CNOOC) Exploration and Production Nigeria Limited against the Federal Government in a $12b missing crude oil suit.
President Muhammadu Buhari who commissioned the Novare Gateway Mall in Abuja, tasked the management of the newly opened facility to embrace the local content policy so as to promote made-in-Nigeria goods, stem capital flight and conserve the most needed foreign exchange.
PRESIDENT Muhammadu Buhari, on Thursday, tasked the management of Shoprite to embrace the local content policy of his administration, with a view to promoting made-in-Nigeria goods, stem capital flight and conserve the most needed foreign exchange.
Nigeria’s mall segment of the real estate sector has continued to thrive, notwithstanding the supposed downturn in the industry. This position is further buttressed with the investment of $68 million in the development of Novare Gateway Mall in Abuja.
The ceremonial launch of the book, Collecting Art- A Handbook at the Wheatbaker Hotel, Ikoyi provided the platform for art collectors and enthusiasts to stress the need for preserving culture through artefacts and art. Chaired by Dr. Okey Anueyiagu, the ceremony was organised in honour of the co-authors for the book, Professor Fabian Ajogwu SAN and famed collector, Jess Castellote, also regarded as Spanish-Nigerian.
A Federal High Court in Lagos will on Jan. 23, 2018, resume hearing of a $406.8 million suit instituted by the Federal Government against Shell Western Supply & Trading Ltd, over crude oil shipment. The suit numbered FHC/L/CS/336/16 was filed by Prof. Fabian Ajogwu (SAN), counsel to the Federal Government.
Poised to help artists raise their game and collectors to be discerning in art collection, two art enthusiasts and authors, Professor Fabian Ajogwu and Spanish-Nigerian, Jess Castellote, will present an art book on Friday titled, Collecting Art: A Handbook, to the public in Lagos.
A South African corporate governance expert and former Supreme Court judge, Mervyn King, will give the keynote address at the 10th edition of the annual conference of the Society of Corporate Governance of Nigeria, holding in Lagos September 27.
The 10th annual conference of the Society for Corporate Governance Nigeria will hold on Wednesday, September 27. The theme is ‘Institutionalisation of Corporate Governance as a tool for National Economic Development.’
The Society for Corporate Governance Nigeria (SCGN) has called for behavioural and institutionalised mechanism for Corporate Governance in Nigeria.
The Society for Corporate Governance Nigeria has recommended adherence to corporate governance as one of the means to curb corruption in the country.
Stanbic IBTC Holdings Plc has announced its audited financial statements for the year ended 31 December 2016. The result showed the group’s profit after tax increased by 51 per cent from N18.90 billion earned in 2015 to N28.52 billion in 2016.
Former Nigeria High Commissioner to the United Kingdom and founding president of the society, Christopher Kolade, gave the charge at the opening of its office in Lagos. He noted that the charge became necessary, as the country was not performing at its optimum capacity in all sectors, and especially in corporate governance issues.
Prof. Fabian Ajogwu (SAN) has called on lawyers to stand up for the rights of the less privileged. He spoke on ‘The Role of Religious Bodies in the Dispensation of Social Justice’ at the annual dinner of the Lagos Diocese of the National Association of Catholic Layers (NACL) last Friday. The event was chaired by Professor Pat Utomi and anchored by TV personality Soni Irabor and Chima Ezife.
The board of directors of Stanbic IBTC Holdings Plc has approved the appointment of Professor Fabian Ajogwu, SAN as an independent non-executive director of the company with effect from July 03, 2017, following the receipt of all required regulatory approvals.
The twin issue of decline in mentorship and reading culture took a centre stage at the public presentation of a book: “Ship Acquisition & Finance: Law & Practice”, authored by a Lagos based Senior Advocate of Nigeria (SAN), Professor Fabian Ajogwu to help investors and businesses navigate the complexities of international shipping finance in the context of the Nigerian economy.
The first female Senior Advocate of Nigeria in the country, Chief Olufolake Solanke, has expressed optimism that though Nigeria is sick, it will be healed with the unbiased application of the country’s laws, which she noted the country has in abundance.
Principal Partner, LEAP Africa & Others Support Nigerian Businesses on Balancing Growth & Profitability at 12th Annual CEOs Forum
The vision of every entrepreneur is to be very successful and a key leader in the industry. Growth, when successfully managed, will deliver sustainable result not only for the entrepreneur but also for the economy and society. This was underscored by Ralph Ozoude, Managing Director, United Parcel Service (UPS) in his opening remark at the 12th CEOs Forum sponsored by UPS, Sterling Bank, Interswitch on Thursday, June 1st, 2017.
This year’s LEAP Africa 12th CEO’s forum took place on the 1st of June at the Landmark Event Centre, VI, Lagos. The theme was ‘Managing Growth for Profitability’ and was aimed at developing dynamic and innovative African leaders.
World intellectual property day was established by the World Intellectual Property Organization (WIPO) in 2000 to “raise awareness of how patents, copyright, trademarks and designs impact on daily life” and “to celebrate creativity, and the contribution made by creators and innovators to the development of societies across the globe”.
The Edo State Government has challenged the jurisdiction of a Lagos State High Court to adjudicate on a suit instituted by an estate surveyor, Mr. Albert Elaiho, over the planned sale of Edo House located in Lagos.
Edo State Governor Adams Oshiomhole had announced plans to sell the disputed house which in on 1225, Ahmadu Bello Way and 1225 Bishop Oluwole Street, Victoria Island, Lagos and use the proceeds to develop Edo.