Citing Interest of Justice, Appeal Court Asks Chief Registrar to Sell and Escrow Crude Belonging to GHL, Conoil/NNPCL in FPSO Tamara Tokini

The Appeal Court sitting in Abuja has appointed the Chief Registrar of the Court of Appeal, in liaison with the Admiralty Marshal to take charge, possession and to secure any cargo of crude oil on board FPSO Tamara Tokoni against expropriation, waste, dissipation and or fraudulent disposition by any of the parties (FBN & GHL) pending the hearing and determination of a suit before the trial court and or court of arbitration in the case between the First Bank of Nigeria and General Hydrocarbons Limited and Others.

A three-man panel led by Justice Polycap Tema Kwahar while allowing the appeal filed by First Bank said the interest of justice in the case demanded that the res be preserved pending the determination of the case still pending at the High Court and before an arbitration panel.

The court also issued an order “directing the sale of the cargo of crude oil on board FPSO Tamara Tokoni upon the storage tanks on board FSPO Tamara Tokoni becoming full and to pay the proceeds of each sale into a single interest yielding escrow account in the name of the Chief Registrar of the Court of Appeal pending the hearing of the suit before the trial court and or before the court of arbitration.”

The FPSO has crude oil belonging to GHL, Conoil/ NNPCL.

First Bank claimed that GHL owed it $225.8 million debt.

However, GHL strongly denies, the claim saying FBN severally breached the 2021 Subrogation Agreement and no payment is due.

In the Appeal, GHL accused FBN of abusing an Ex Parte freezing orders when it selectively released part of the crude in the FPSO to Conoil and NNPC but the Court of Appeal has now stopped all that giving all possession and control of all crude in the FPSO to the Chief Registrar assisted by the Admiralty Marshall of the Court of Appeal.

The post Citing Interest of Justice, Appeal Court Asks Chief Registrar to Sell and Escrow Crude Belonging to GHL, Conoil/NNPCL in FPSO Tamara Tokini appeared first on THISDAYLIVE.

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    Ahead of Emergency Rule Expiration, Ibas Says He Has Fulfilled Tinubu’s Mandate in Rivers

    Ahead of Emergency Rule Expiration, Ibas Says He Has Fulfilled Tinubu’s Mandate in Rivers

    Blessing Ibunge in Port Harcourt

    As the six-month emergency rule declared by President Bola Tinubu in Rivers State on March 18 draws to a close five days from now, precisely September 18, all eyes are on the State’s Administrator, Vice Admiral Ibok-Ete Ibas (rtd), who yesterday insisted he has delivered on the president’s mandate.

    The administrator said this yesterday, at the Government House, Port Harcourt, when the Rivers State Independent Electoral Commission (RSIEC) presented a report of the recently concluded local government elections to him.
    Ibas pointed to restored order, relative peace, and critical interventions as evidence that the extraordinary measures taken under his watch have met the expectations of both the presidency and the people of Rivers.

    Tinubu had, on March 18, declared a state of emergency in Rivers State, citing prolonged political instability, constitutional breaches, and security threats as reasons for the extraordinary measure. This led to the suspension of Governor Siminalayi Fubara, his deputy, Prof. Ngozi Odu and the 32-man House of Assembly. This followed an emergency meeting with security and intelligence chiefs at the Aso Rock Villa earlier that day. Tinubu had appointed Ibas as the sole administrator to oversee the state’s affairs until normalcy is restored. Ibas served as Chief of Naval Staff from 2015 to 2021 under former President Muhammadu Buhari.

    The Rivers crisis, the President had said, paralysed governance in the oil-rich state. It was the high point of a months-long power tussle between Fubara and the FCT Minister, Nyesom Wike, which has since been resolved.
    Wike recently hinted that after the August 30 local government elections, the coast was now clear for Fubara, his deputy and the House of Assembly to return to their duty posts.
    However, Ibas, who could be leaving office in five days, said he has successfully restored the democratic governance of Rivers State at the grassroots level.

    Addressing RSIEC officials, Ibas stated that the peaceful conduct of the polls and the subsequent swearing-in of democratically elected Chairmen and Councillors across all 23 Local Government Areas marked the direct fulfillment of the presidential directive issued to him on March 18, 2025.

    He said, “Mr. President’s mandate to me was clear: to stabilise the state, create an enabling environment for the re-establishment of its institutions, and return Rivers State back to full democratic governance.”
    The Administrator added: “With the successful conduct and swearing-in of local government chairmen and their councils, I believe we have decisively achieved the mandate that we were given.”
    He commended RSIEC for organising what he described as a fair, credible, and transparent electoral process, which has been widely praised within and beyond the state.

    “For once, an election was conducted where nobody was harassed, where people went out freely to express themselves and to select whom they wanted as their leaders. This is a testament to the peaceful and enabling environment we have collectively fostered,” he remarked.
    Ibas assured that his administration would review the RSIEC report and issue an official government white paper in due course.

    He also appreciated his team, security agencies, and state officials for their collaborative effort and synergy, noting that “this is what it takes to build nations.”
    Earlier, while presenting the detailed report, the Chairman of RSIEC, Dr. Mike Odey, described the election as a “historic achievement” for the state and the country.

    He revealed that the document provides a full account of the entire process, from the initial notice of election to stakeholder engagements, polling, collation of results, and the final announcement of winners.
    “The report highlights our modest achievements, our challenges, and provides key recommendations that will strengthen future elections in Rivers State,” Dr. Odey stated.

    He emphasised that the Commission operated strictly in accordance with the Rivers State Independent Electoral Commission Law of 2018 (as amended) and credited the election’s success to robust collaboration with political parties, civil society organizations, and security agencies.

    Odey, also expressed the Commission’s gratitude to the Administrator for providing “adequate and sufficient” funding, which enabled an unprecedented feat in Nigerian electoral management.
    The RSIEC Chairman commended Rivers people for their peaceful participation and cooperation throughout the exercise, praying for the continued progress and prosperity of the state.

    The post Ahead of Emergency Rule Expiration, Ibas Says He Has Fulfilled Tinubu’s Mandate in Rivers appeared first on THISDAYLIVE.

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    Blessing Ibunge in Port Harcourt As the six-month emergency rule declared by President Bola Tinubu in Rivers State on March 18 draws to a close five days from now, precisely
    The post Ahead of Emergency Rule Expiration, Ibas Says He Has Fulfilled Tinubu’s Mandate in Rivers appeared first on THISDAYLIVE.

    Dignitaries Pay Final Respects as Doyin Abiola is Laid to Rest

    Dignitaries Pay Final Respects as Doyin Abiola is Laid to Rest

    Sunday Ehigiator

    The Cathedral Church of Christ, Marina, was filled as dignitaries across Nigeria, led by President Bola Ahmed Tinubu, who was represented by the Minister of Finance, Wale Edun, gathered for the funeral service of Dr.  Doyinsola Abiola, a pioneering journalist, media executive, and wife of the late Chief Moshood Kashimawo Olawale (MKO) Abiola, who was laid to rest yesterday in Lagos State.

    The burial concluded a week of commemorative events that began with a night of tributes at Harbour Point, Victoria Island, where family, colleagues, and dignitaries celebrated her trailblazing life in journalism and service to Nigeria.
    Delivering the sermon, the Diocesan Bishop of Lagos West, Rt. Rev. Pelu Johnson, drew from scripture to reflect on the themes of restoration and hope while recounting Abiola’s historic achievements.

    He described the deceased as a “record-breaker who shattered glass ceilings,” noting her many firsts;  from becoming Nigeria’s first female Ph.D. holder in journalism in 1979, to her appointment as the first female editor of a national daily in 1980, and later the first woman to head a national newspaper as Managing Director and Editor-in-Chief of the National Concord.

    “She stood firmly with her husband during the struggle for Nigeria’s democracy, using Concord Newspapers to win the battle of hearts and minds,” Bishop Johnson said, adding that her legacy of courage, mentorship, and quiet strength would endure through the generations she inspired.
    The bishop also used the occasion to highlight Nigeria’s present challenges of insecurity, unemployment, and corruption. He urged the government to intensify efforts to ease the suffering of citizens, warning that further taxation on fuel could worsen the hardship.

    “If food prices must come down, then tax cannot come in to increase the cost of transportation,” he cautioned.
    The funeral service, officiated by Canon Residentiary of the Cathedral, Ven. Henry Adelegan, featured Bible readings by family members and associates. Psalm 91 was read by Midun Tobun, while the Epistle, from 1 Thessalonians 4:13–18, was taken by Suru Aboaba.

    Dignitaries in attendance included Edun, who represented Tinubu; Presidential spokesperson, Mr. Bayo Onanuga; former Minister of Industry, Trade and Investment, Chief Nike Akande; Governor of Lagos State, Mr. Babajide Sanwo-Olu; former Governor of Lagos State, Mr. Akinwunmi Ambode; and former Governor of Ogun State, Otunba Gbenga Daniel.

    Also present were Managing Director of THISDAY Newspaper, Mr. Eniola Bello; Obanikoro of Lagos, Chief Adesoji Ajayi-Bembe; Chairman of STB-McCann, Sir Steve Omojafor; Ms. Yeni Fela Anikulapo-Kuti; former Presidential Aide, Mr. Femi Adesina; President, Nigerian Guild of Editors, Eze Anaba; Mrs. Abimbola Fashola, wife of former Lagos Governor Babatunde Fashola; co-founder of Tell magazine, Mr. Dele Babarinsa; Managing Director of Daily Times, Dr. Yemi Ogunbiyi; and Provost of the Nigerian Institute of Journalism, Mr. Gbenga Adefaye.

    After the service, her body was conveyed to her final resting place in Lekki, where she was interred amid tears, prayers, and heartfelt tributes.
    Doyinsola Abiola, who died at 82 on August 5, 2025, is remembered as a trailblazer in Nigerian journalism, a steadfast advocate for democracy, and a matriarch whose devotion, resilience, and quiet strength left an indelible mark on the nation.

    The post Dignitaries Pay Final Respects as Doyin Abiola is Laid to Rest appeared first on THISDAYLIVE.

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    Sunday Ehigiator The Cathedral Church of Christ, Marina, was filled as dignitaries across Nigeria, led by President Bola Ahmed Tinubu, who was represented by the Minister of Finance, Wale Edun,
    The post Dignitaries Pay Final Respects as Doyin Abiola is Laid to Rest appeared first on THISDAYLIVE.

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