Ardova Plc lauds Stanbic IBTC’s support for LPG storage project

AP LPG terminal, a fully owned subsidiary of Ardova PLC, on Wednesday, 19 January 2022, performed the groundbreaking ceremony for the construction of a 20,000 metric tonne Liquified Petroleum Gas (LPG) storage terminal at the project site in Ijora, Lagos. The ceremony signified the official commencement of construction activities which is expected to be completed in December 2022. Upon completion, the project will be the largest LPG storage facility in the nation and will ease some of the existing bottlenecks in the value chain for the supply of cleaner and…

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Prominent Lagos businessman bags 2 years imprisonment for Illegal possession of firearms

A prominent Lagos businessman, Sulaiman Sanusi, the managing director of Sanusi Brothers Nigeria Limited, has been convicted and sentenced to two years imprisonment for illegal possession of firearm by a Lagos Chief Magistrate Court. The court presided over by Chief Magistrate Kemi Doja-Ojo, convicted and sentenced the businessman to the jail term, after pronouncing him guilty of a count charge brought against him by the men of Nigeria Police. In convicting and sentencing the businessman, Chief Magistrate Doja-Ojo while citing plethoras of judicial authorities, held that “the prosecution has successfully…

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Plateau Muslims Pilgrims Board, Senator Gyang commiserate with NCPC boss on death of his mother

The Executive Secretary, Nigerian Christian Pilgrim Commission, Rev Dr Yakubu Pam received in audience in his residence in Jos on 21st January, 2022 , the entire Members of the Plateau State Muslim Pilgrims Welfare Board who paid him a condolence visit over the loss of his mother, Ngo Zimi Pam. While playing host to the members of the Board, Rev Pam said their visit was a clear show of love to see the entire Muslim Pilgrims Welfare Board on condolence in his residence. He stated that the death of her…

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EFCC arraigns ex- Bank PHB director, Adenmosun over alleged N26.6bn fraud

The Economic and Financial Crimes Commission (EFCC), today, arraigned a former director of Bank PHB (now Keystone), Funmi Adenmosun, before a Lagos Federal High Court, over alleged  money laundering amounting to N26.6 billion. Adenmosun was arraigned alongside his company, Home Trust Savings and Loan Limited and a private company, Rare Properties and Development Limited. They were arraigned before the court presided over by Justice Daniel Osiagor, on a 10-count charge bordering on Conspiracy, money laundering and fraudulent conversion of the proceeds of private placement raised from the public in the…

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Airside Safety: FAAN prohibits untrained officials from driving on airside

The Federal Airports Authority of Nigeria (FAAN) has prohibited any airport official, who has neither undergone the mandatory airline drivers training, nor certified appropriately to drive on the airsides of the nation’s airports. FAAN is re-emphasising this policy to ensure operational safety, following a recently averted airside incident involving a Customs official, at the Murtala Muhammed Airport, Lagos. FAAN said with this directive, all airline officials, security agencies, ground handling companies, and other stakeholders are hereby put on notice to ensure that their officials, that have airside related roles, and…

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FAAN dismisses report of looming Insecurity at Murtala Muhammed Airport on account of Okada riders

The Federal Airports Authority of Nigeria (FAAN) has dismissed reports of looming Insecurity at the Murtala Muhammed Airport on account of Okada riders operating on the route.​ FAAN while reacting to a publication with the title: Insecurity looms as Okada riders take over Lagos Airport noted that the picture of Okadas attached to the online story is not that of the MMA or any other Nigerian airport. FAAN in a statement signed by Henrietta Yakubu (Mrs.) general manager, corporate affairs said the airport is safe and secure. FAAN re-emphasised that…

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FIRS targets 100% automation of tax administration processes in 2022

The Federal Inland Revenue Service (FIRS) has stated that it will achieve 100 percent automation of all its tax administration processes with the aim of blocking revenue leakages thereby revolutionizing revenue generation in Nigeria. Calling for the cooperation of Nigerians to achieve this, the Executive Chairman of the FIRS, Muhammad Nami while speaking as the special guest at the Pedabo 2022 Annual Public Private Sector Engagement on Tuesday highlighted that by virtue of the amendment to Section 25 of the FIRS (Establishment) Act in the 2021 Finance Act, any person…

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Sustaining Nigeria’s transport sector using technology

An efficient transportation sector facilitates exchanges that result in the improvements of lives and economies globally. Every day, transport stakeholders develop new ways that support the sustainability of this sector. This stems from the knowledge that the movement of humans, goods and services remains a fundamental part of a country’s economy, and extensively, global economic growth. In the third-quarter economic performance report for 2021 released by the Nigeria Bureau of Statistics (NBS), the growth in the non-oil sector cannot be overlooked, with the transportation sector also making significant leaps in…

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N299.86m fraud: Court issues bench warrant against oil firm, others

Justice Abimbola Awogboro of a Lagos Federal High Court, has issued a bench warrant against a Petroleum company, OBD Petroleum Limited, a former governorship aspirant in Zamfara State, Adamu Bashir and one other, for their failure to appear before her court to take their plea over alleged N299. 86 million. Other whom the bench warrant was issued against is Umeanor Obinna Michael, the managing director of the company. Justice Awogboro issued the bench warrant on Wednesday, sequel to the request for it by the prosecutor, Mrs. Kehinde Bode-Ayeni, a senior Counsel in the…

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FTAN resolves lingering dispute between AVRS, Abuja hotel owners

Photo Caption: Chinedu Chukwuji, Mahmood Alli Balogun,Funmi Kazeem, Nkereuwem Onung,Olubukola Adeyemi,Prince Jide Kosoko,Ikechi Uko The President of the Federation of Tourism Associations of Nigeria, FTAN, Mr Nkereuwem Onung has helped resolve the dispute between the Audio Visual Rights Society, AVRS and the Hotel Owners Forum Abuja HOFA. AVRS had written to Hotels in Abuja asking them to pay for the Consumption of Audio Visual creative Products in their Hotels. This was resisted by the Hotel Owners who felt it is unfair to tax them when they have paid for the…

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