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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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'Old & New Naira Notes Remain Legal Tender ' Says Supreme Court




By Favour Ifeoluwa & Akinola Ajibade

 Sureme Court, yesterday, re-affirmed that bold old and the newly resigned naira notes remain legal tender in Nigeria.
The apex court, in a ruling by a seven-man panel of justices led by Justice John Okoro,  said the banknotes should remain in circulation, pending when the Federal Government in  consultation with relevant stakeholders, takes a decision on the matter.
Recall that the immediate past Governor of Central Bank of Nigeria (CBN) issued the new notes of N200, 500 and N1,000 in 2002.
 However, there was scarcity of the naira notes, a development, which led to  controversy among stakeholders, particularly users. Eventually, Supreme Court, being the highest legal arbitration, gave its own order on the matter, after hearing an 
 application that was moved on behalf of the federal government by the Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, SAN. 


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