Category: Economy

Auction of Forfeited Items Postponed – EFCC

The Economic and Financial crimes Commission, EFCC, has announced that the auctioning of forfeited Trucks/Vehicles and Petroleum Products arising from suit FHC/PH/MISC/65/2019, earlier scheduled to commence today, September 9, 2019 in Port Harcourt, Rivers State, with the inspection of the items by interested bidders has been postponed. Also […]

US court discharges NNPC in $2.7 billion litigation

The United States Southern District Court of New York delivered a landmark judgment in favour of the Nigerian National Petroleum Corporation (NNPC) against ESSO Exploration and Production Nigeria Limited and Shell Nigerian Exploration and Production Company Limited (Collectively, “ESSO”) over the weekend. NNPC spokesman Ndu Ughamadu, who made the disclosure […]