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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Supreme Court-Govt others: Allow old notes beyond February 10th


Redesigned Naira Notes 


By Akinola Ajibade


The Supreme Court  has restrained the trio of  Federal Government, Central Bank of Nigeria (CBN) and Commercial Banks from continuing with the February 10 deadline, pending the determination of the suit filed on the issue on the issue.

The government through CBN  had earlier set January end as deadline for the expiration of the old notes, but later postpone it to February 10, due to pressures such scarcity of the new notes and other burning problems in the country.

Prior to this period, the governments of Kogi, Kaduna and Zamfara had in a motion ex-parre filed on February 3rd prayed the apex Court to stop the Central Bank of Nigeria naira policy.

The governors filed the suit against Federal Government and CBN with a view to allow the N200, N500 and N1000 notes to remain a longer tender beyond February 10th, this year.

The government, whose actions were to help the hapless Nigerians, who are feeling the pains foisted on them by problems such as fuel scarcity, redesignation of naira notes, struggling economy among others  appeared  to have won the battle,as Supreme Court led by Justice John Okoro, in an unanimous ruling, granted an interim injunction restraining the Federal Government, CBN, commercial banks etc from implementing the February 10, deadline for the old 200, 500 and 1000 Naira notes to stop being a legal tender.

Mr Bayo Onanuga, who is the Director, Media and Publicity, All Progressives Congress APC' s Presidential Candidate, Asiwaju Bola Ahmed Tinubu hailed the judgement, saying that the governors are strongly fighting on behalf of Nigerians.

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