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Shell sells 30% stake in OML 17 to Elumelu’s TNOG

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The Shell Petroleum Development Company of Nigeria Limited has completed the sale of its 30 percent stake in Oil Mining Lease (OML) 17 in the Niger Delta to TNOG Oil and Gas Limited.

The company said in a statement on Friday that the OML 17 and its associated infrastructure were sold to the company for $533million.

TNOG Oil and Gas is a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria (Transcorp) Plc.

Heirs Holdings Limited and Transcorp are both chaired by Tony Elumelu, who is also the Chairman of United Bank for Africa (UBA) Plc.

READ ALSO: Nigeria, others to get $5bn investment from World Bank

The OML 17 has a production capacity of 27,000 barrels of oil equivalent per day.

The field has estimated proven and probable reserves of 1.2 billion barrels and an additional one billion barrels in possible reserves — all of oil equivalent.

According to Shell, the deal was completed after approval by the Federal Government.

The statement read: “A total of $453m was paid for OML 17 at completion with the balance to be paid over an agreed period. SPDC will retain its interest in the Port Harcourt Industrial and Residential Areas, which fall within the lease area.”

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Two Catholic priests Kidnapped In Edo

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Two Catholic priests Kidnapped In Edo

The abduction of two Catholic priests, Rev. Father Udo of St, Patrick Catholic church Uromi and Rev. Father Philemon Oboh of St. Joseph Retreat Center Ugboha, was confirmed on Sunday by Edo State Police Command.

The priests were abducted along the Benin-Auchi Road on their way back to Uromi in Esan South-East Local Government Area of the state.

In a statement on Sunday, the Police Public Relations Officer of the state, SP Chidi Nwabuzor, confirmed the abduction of the reverend fathers.

The statement read: “This is to confirm the kidnap of two Catholic Rev. Fathers; Rev. Fr. Udo Peter of St. Patrick Catholic Church Uromi and Rev. Fr. Philemon Oboh of St. Joseph Retreat Center, Ugboha in Esan South East LGA of Edo State.

READ ALSO: Kukah’s Diocese Under Attack, Two Priests, Worshippers Kidnapped

“The Edo State Police Command was informed of the incident by the Divisional Police Officer, Ugboha, Edo State, that on Sunday, July 3, 2022, one Rev. Father Amos Abhulimen of St. Dominic Catholic Church Ugboha, reported that he was informed by the Catholic authority via WhatsApp that the above-named Catholic Rev. Fathers were attacked, kidnapped and taken to unknown place by some kidnappers along Benin-Auchi Expressway between Ehor and Iruekpen Communities.

“Immediately, the Commissioner Of Police, CP Abutu Yaro, dispatched policemen to the area to carry out aggressive and well coordinated manhunt in arresting the kidnappers as well as rescue the Rev. Fathers unhurt,” the statement added.

A Catholic priest popularly known as Rev. Father Christopher Odia was Kidnapped last Sunday at Ikabigbo Community, Etsako West LGA and was later found dead after few hours in the bush.

 

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Court Jails APC Senator Seven Years For Fraud

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Court Jails APC Senator Seven Years For Fraud

The Senator representing Delta North Senatorial District at the National Assembly, Peter Nwaoboshi of the All Progressives Congress (APC) , has been sentenced to seven years’ imprisonment.

The Court of Appeal in Lagos on Friday also ordered that the senator’s two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The court’s ruling was delivered in an appeal challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, discharged and acquitted the defendants on two counts of fraud and money laundering. The Economic and Financial Crimes Commission (EFCC) which arraigned him however challenged the lower court’s decision.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

 READ ALSO: Why Move To Impeach Senate President Will Fail – Nwaboshi

Part of the money paid to the vendor – N322 million transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd – was alleged to be part of proceeds of fraud.

Earlier in his judgment, Justice Aneke said the evidence of the prosecutor “proved that the third defendant obtained a loan of N1.2 billion from Zenith Bank to purchase additional equipment and as provision of working capital”.

“It also proved that the loan of N1.2 billion together with interest of N24 million was properly granted to the third defendant .Nothing else was proved by the complainant or prosecutor in this case,” the EFCC quoted the judge as saying in a statement.

The high court judge was also quoted as claiming that a fatal blow was dealt to the case of the prosecution by its failure to call officials of Sterling Bank “to testify and probably tender exhibits F and F10. Consequently, he discharged and acquitted the defendants”.

However, ruling on the EFCC’s appeal on Friday, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents.

“The court said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged,” EFCC said.

 

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Drama In Court As Lawyer Appears In Priestly Attire

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VIDEO: Drama As Lawyer In Priestly Attire Appears In Court

By John Michael Ojo
There was a mild drama today at the Okpoko Magistrate Court in the Ogbaru Local Government Area of Anambra State, as a lawyer simply identified as Ogbachalu Goshen appeared before the court in a pastoral robe.

But Ogbachalu who was standing before the magistrate, CB Mbaegbu, was denied  hearing on the ground that he was not properly attired, leading to a minor incident in the court.

READ ALSO: Female Students Can Wear Hijab To Lagos Schools – Supreme Court

However,  citing a recent Supreme Court’s judgment which supported the wearing of hijab by female students in public schools as a reference point, Ogbachalu reminded the court that it was his right to dress in his priestly attire as he was an ordained pastor and that the objection by the court to hear him, was an infringement on his fundamental human right as enshrined in section 38 of the 1999 constitution of the Federal Republic of Nigeria

The magistrate however disagreed his submission which only forced the court to dismiss.

 

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