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Seplat’s Scheduled AGM Remains As Court Adjourns Suit To May 31,2023

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The Annual General Meeting (AGM) of Seplat Energy Plc slated for Wednesday 10th May 2023 will, after all, hold as scheduled. What could have possibly thwarted the AGM was over come as the Federal High Court sitting in Abuja has adjourned the suit number FHC/ABJ/PET/8/2023 filed by some minority shareholders in Boniface Okezie V. SEPLAT Energy Plc to May 31, 2023. The presiding judge Hon. Justice Inyang Ekwo ordered that all the respondents should be served before the matter could be taken. All parties were represented except the 10th Respondent.

 

The Federal High Court declined to accede to the request by Boniface Okezie and four other alleged shareholders of Seplat Energy Plc who filed Suit No. FHC/ABJ/PET/8/2023 seeking an ex-parte Interim Orders to restrain Seplat from holding its Annual General Meeting (AGM) scheduled for Wednesday May 10, 2023. The court adjourned hearing on the petitions filed by the Petitioners to May 31, 2023. The meeting would therefore hold as planned.

 

In a statement signed by Seplat’s Board Chairman, Mr. Basil Omiyi, the Company has refuted all allegations made in the petitions which, given their almost identical wording to a separate petition filed at the Federal High Court in Lagos, have been described as clearly being part of an orchestrated attempt to damage the company in response to its efforts to improve corporate governance by eliminating related party transactions and implementing other governance initiatives.

 

The presiding judge Hon. Justice Inyang Ekwo ordered that all the respondents should be served before the matter could be taken. All parties were represented except the 10th Respondent (the Corporate Affairs Commission).

 

The suit before Justice Inyang Ekwo was brought by Boniface Okezie, Bon. Bright Nwabuogwu, John Isesele, Okonkwo Timothy, and Augustine Ezechukwu (Petitioners/Applicants) against Seplat Energy PLC; company CEO, Mr. Roger Brown; Board Chairman, Mr. Basil Omiyi; as well as Independent Non-Executive Directors of the company, Dr. Charles Okeahialam, Prof. Fabian Ajogwu, Rabiu Bello, Mrs. Bashirat Odenewu, Emma Fitzgerald; Company Secretary/Legal Adviser, Mrs. Edith Onwuchekwa, and the Corporate Affairs Commission (CAC).

 

All parties except the 1st Respondent (Seplat Energy PLC) informed the Court that they have not been served, as ordered by the Court. The 1st Respondent also informed the Court that they have filed an affidavit to show cause and a preliminary objection on jurisdiction and the fact that a similar petition is pending at the Federal High Court in Lagos.

 

The Court ordered that the right thing should be done and that the 10th Respondent (CAC) should be served against the next hearing date.

 

The attempt by the counsel to the Petitioners to get the court to halt the AGM was opposed by each of the counsel for the Respondents. After listening to Kalu Onuoha, Esq. Counsel for the Petitioners; Wole Olanipekun, SAN, Counsel for Seplat; Matthew Burka, SAN, of Counsel for Roger Brown (who held brief of Dr. Hassan Liman, SAN) of Counsel for Rabiu Bello and Emma Fitzgerald; Uzoma Azikiwe, SAN, of Counsel for Basil Omiyi; O.A. Omonuwa, SAN, of Counsel for Dr. Charles Okeahialam and Prof. Fabian Ajogwu; and Prof. Taiwo Osipitan, SAN, of Counsel for Mrs. Bashirat Odenewu and Mrs. Edith Onwuchekwa, Justice Ekwo ruled that: “Parties are hereby ordered not to tamper with the res until issues are resolved.”

 

Meanwhile, Seplat has announced that the Federal High Court in Abuja has formally struck out the criminal charge brought by the Nigeria Immigration Service against the company and some of its Officers, adding that the Court has fully discharged all named defendants. The Charge was filed earlier by the Nigeria Immigration Service on 20th April, 2023 (RNS Number: 9385W). It was in relation to the immigration status of Seplat’s Chief Executive Officer, Mr. Roger Brown and the withdrawal of his immigration visa by the Ministry of Interior.

 

The Company had previously announced that it has submitted all required documentation to the immigration authorities and continues to cooperate with them.

 

With respect to Suit Number FHC/ABJ/PET/8/2023 brought before the Federal High Court in Abuja by Boniface Okezie & 4 ors V. Seplat & 9 ors, Seplat has said that its independent legal advisors have advised that the petition is an unlawful duplication of another petition already before the Federal High Court in Lagos (Suit No. FHC/L/CP/402/2023) filed by Moses A. Igbrude & 4 Ors V. Seplat Energy Plc & 2 Ors), where the Court recently vacated the Interim Orders against the Chief Executive Officer and adjourned the case to May 16, 2023.

 

In the new petition by Boniface Okezie, the Federal High Court in Abuja did not accede to the Petitioner’s request to restrain the Company from holding its Annual General Meeting on May 10, 2023. The court adjourned the matter to May 31, 2023, to enable the Petitioners to complete service on all Respondents.

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Court rejects Lagos AG, Lawal Pedro’s move to stop N1.35bn ‘fraud’ case Against Olalekan Abdul Prosecuted By EFCC.

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Drama as judge, SAN argue over alleged ruling alteration, rudeness…

 

 

The Special Offences Court, in Ikeja, Lagos, yesterday, declined an application by the Lagos State Attorney General, Lawal Pedro, to completely halt the trial of Olalekan Abdul and another person, being prosecuted by Economic and Financial Crimes Commission, EFCC, for alleged N1.35 billion fraud.

 

 

Justice Mojisola Dada discharged the duo of the 20 counts filed against them by the state but ordered the continuation of their trial on five related counts simultaneously filed against them by the EFCC.

 

A mild drama ensued in the process, leading to the judge accusing the defence counsel of disrespecting the court and the lawyer maintaining his innocence.

 

 

The matter was adjourned to October 31, 2024 for continuation of trial.

 

The AG had filed for discontinuance after an earlier move to take over its prosecution failed. The court had also earlier ruled that the defendants had a case to answer, and that the prosecutor could prosecute the defendants.

 

 

The anti-graft agency filed in December 2019, a 26-count conspiracy, forgery, and stealing charge against the defendants. They were arraigned on January 29, 2020.

 

It alleged that the defendants conspired with Adeyinka Adewole and Morakinyo Bolanle, at large, to obtain N350 million, and N1 billion from Wema Bank under false pretences.

 

The defendants, one of them former Managing Director of Cleanserve, pleaded not guilty and were granted bail.

 

 

The matter resumed, yesterday, for the ruling on the notice of preliminary objection by the prosecution concerning the notice of discontinuance filed by the AG. It relied on Section 211 of the Constitution for discontinuing both state and Federal offences before the court.

 

 

Franklin Oforma appeared for the prosecution, Jonathan Ogunsanya for the AG of Lagos State, Adeyinka Olumide-Fusika, SAN, appeared for the 1st defendant while A. Abdulrasaq represented the 2nd defendant.

 

The second defendant’s counsel informed the court that the learned Silk, Dr. Muiz Banire was ill and on his way.

Reading her ruling, Justice Dada discharged the 1st and 2nd defendants on all 20 out of the 26 counts brought against them under the laws of Lagos State relying on sections 211 of the 1999 constitution.

 

 

Nevertheless, the judge ruled that the defendants should continue their defence in the remaining six-count charge brought against them under the Advance Fee Fraud Act and EFCC Act.

 

Mr. Olumide-Fusika asked that the case be stood down for 30 minutes. Afterwards, he attempted to make an oral application for his client to be acquitted, but the judge declined.

 

 

A mild drama ensued in the process, leading to the judge accusing Olumide of being “lousy” and “rude” and the SAN denied the allegation and maintaining his stand.

 

Olumide-Fusika: “At least it will be on record that I made the applications.

Judge: “I’ll consider it in the final judgment.”

 

Olumide-Fusika: “No, I’m making the application now.”

Judge: “Ehn let it be there.”

 

Olumide-Fusika: “I’m making the application now. Now, my lord.”

Judge: “Please don’t shout. No shouting.”

 

 

Olumide-Fusika: “I’m not shouting. I’m making the application now.”

Judge: “And watch your language please.”

 

 

Olumide-Fusika: “I’m making the application now. I’m making the application now. The prosecutor made an application when Your Lordship read the ruling.”

 

Judge: “What application did he make?”

 

Olumide-Fusika: “He made an application. He pointed your lordship’s attention to the fact that your lordship made an order discharging and asking the second defendant to go.”

 

Judge: “Discharging them?”

 

Olumide-Fusika: “Your lordship said so.”

 

 

 

 

 

 

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Festus Keyamo  Emphasizes Nigeria’s Strategic Position as Africa’s Aviation Hub at Moscow Conference 

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The Honourable Minister of Aviation and Aerospace Development of Nigeria, Festus Keyamo SAN CON FCIarb (UK), addressed the global aviation community at the on-going International Route Development Conference themed Network Cargo 2024 in Moscow, Russia. The conference, focused on enhancing global partnerships through the highest standards of freight forwarding services, attracted transport ministers and industry leaders from across the world, all seeking to establish efficient and competitive cargo routes.

 

During his keynote speech, the Aviation Minister emphasized Nigeria’s unique geographical advantage in becoming the central hub for air transportation in Africa. He stated, “Geographically, we are in the best position to be the real hub of Africa. If you look at the map, we are equidistant to South America across the Atlantic, to Europe, and to Asia. We are about 6 to 7 hours to Doha, Dubai, and Brazil. With our population, we have the dream to develop a real hub for Africa.”

 

Keyamo further highlighted Nigeria’s untapped aviation potential, citing the significant volume of international traffic originating from the country. However, much of this traffic is currently serviced by foreign airlines. “If you look at it, most of the flights originating from Nigeria are not indigenous. Airlines from Ethiopia, Egypt, Morocco, and other countries feed on our traffic. They know that Nigerians travel all over the world,” he remarked.

 

To address this imbalance, the Honourable Minister expressed the Nigerian government’s commitment to increasing the capacity of local airlines. He noted that President Bola Ahmed Tinubu is focused on strengthening Nigeria’s domestic aviation sector, ensuring that local operators benefit from the nation’s air traffic. “Instead of giving up our traffic and airspace to other people, we are focused on ramping up the capacity of our local airlines. That is a major priority of President Tinubu’s administration,” he said.

 

In line with the theme of the Network Cargo 2024 conference, the Honourable Minister announced Nigeria’s plans to expand its international routes, with a particular focus on establishing direct connections to South America, specifically Brazil. “It is ironic that to fly to Brazil from Nigeria, one has to first travel east to Addis Ababa or go to Angola before heading west. We are working to open up direct routes from Nigeria to South America, addressing this gap in our aviation connectivity,” Keyamo revealed.

 

Furthermore, the Minister elaborated on Nigeria’s recent adoption of the Cape Town Convention’s practice directions, which regulate dry leasing—a common global practice in the aviation industry. By domestically implementing these regulations, Nigeria has provided assurances to the leasing world that aircraft brought into the country will be protected under Nigerian law. “The practice direction we signed last week ensures that Nigerian courts protect lessors and financiers, giving them the confidence that their aircraft are safe in Nigeria. This move will foster a symbiotic relationship, as we have the traffic and the need for new routes,” he added.

 

In conclusion, the Minister underscored Nigeria’s commitment to achieving global standards in aviation by enhancing local airline capacity, securing international partnerships, and expanding direct routes to underserved destinations.

 

Tunde Moshood

SA Media and Communications to the Honourable Minister of Aviation and Aerospace Development

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Extortion: Customs launch investigation into alleged extortion by officials…

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The Kano-Jigawa command of Nigeria Customs Service (NCS) says it has launched an investigation into an alleged extortion involving businessmen at Abubakar Rimi market popularly known as Sabon Gari.

 

The investigation followed a complaint by the businessmen alleging extortion by some officials of the command.

 

 

According to the Public Relations Officer of Sabon Gari Shop owners and online marketers Association, Nazifi Auwalu, business has been made difficult for their people as the level of extortion has instilled fear among them.

 

“We are facing a difficult situation because we are now in a dilemma of transporting goods from elsewhere into Kano State. We are now like rat and the cat between us and customs officials. They follow us into nook and crannies of the state arresting goods. We did not share any border whether land or sea and what we are selling are mostly bought in the country, Lagos in particular.

 

 

Recently, our vehicle load of perfume was arrested by some customs officials who accused us of conveying contraband. The vehicle was moved to the customs office and was ransacked and nothing was gotten from it.

 

“One Officer in charge, FOU, told us that we have to pay the sum of N1 million or else the vehicle will not be allowed to go out of the building. You can’t even go into his office until you are searched and you have to drop your phone. That’s how we were extorted that amount which was received by the Officer.”

 

 

Also narrating his ordeal, another businessman, Nura Abdullahi, said he was extorted to the tune of N3 million of which after a bargain paid N2 million at Kaduna customs office.

 

“For me, my vehicle was arrested at Kano-Kaduna toll gate on its way from Lagos and was taken back to Kaduna. It was searched and there was nothing. At first, they told us that if they found anything they will seize the vehicle and the goods and we agreed.”

 

 

We asked them to allow the vehicle to go since there is nothing but they refused. We first paid N150,000 for uploading and taking back the goods and we paid. At last we have to pay that N2 million cash.”

 

But reacting to the issue, the Public Relations Officer, Kano-Jigawa command, Customs, Nura Abdullahi said the command has launched an investigation into the matter and all involved will be brought to book.

 

 

 

The office is on the matter currently investigating who and who are involved. The team sent to investigate have already begun arrest of officials found wanting on the issue.”

 

 

“I want to thank the businessmen for raising the alarm and anyone that was cheated will

be duly compensated,” he said.

 

 

 

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