Connect with us

News

Court Seizes Obaigbena’s Oil Vessel Over $225.8M Debt

Published

on

By Ade Iyamoye

A Federal High Court in Port Harcourt, Rivers State, has ordered the seizure of an oil vessel belonging to General Hydrocarbons Limited (GHL), a company owned by Nduka Obaigbena, Chairman and Editor-in-Chief of ThisDay Media Group and Arise Group.

The order follows a debt recovery suit filed by First Bank of Nigeria (FBN), which claims GHL owes $225.8 million as of September 30, 2024.

The lawsuit, marked FHC/PH/CS/02/2025, names First Bank as the plaintiff, while General Hydrocarbons Ltd, the Cargo of Crude Oil on Board FPSO Tamara Tokoni, the vessel’s owners/operators, and its master are the first to fourth defendants.

Presiding over the case, Justice E.A. Obile issued an order mandating the immediate arrest and detention of the crude oil cargo aboard the Floating Production Storage and Offloading (FPSO), vessel, Tamara Tokoni.

“This is therefore to require and order you forthwith to arrest and detain the cargo of crude oil on board the floating production storage and offloading (FPSO), vessel Tamara Tokoni and to keep same under detention until you shall receive further order(s) from the Court,” Justice Obile ruled.

However, no specific law enforcement agency was tasked with executing the seizure.

The case is the latest in the legal battle between First Bank and Obaigbena’s General Hydrocarbons Ltd over unpaid credit facilities.

In a separate suit, FHC/L/CS/2378/2024, Justice Deinde Dipeolu of the Lagos Division of the Federal High Court ordered Nigerian banks to blacklist Obaigbena and his family members over their alleged indebtedness to First Bank.

The ruling also restricted Obaigbena from transferring any assets linked to him outside the court’s jurisdiction.

First Bank had earlier alleged that Obaigbena’s oil servicing firm, General Hydrocarbons, assumed debts amounting to $718 million, involving his family members Efe Damilola Obaigbena and Olabisi Eka Obaigbena.

This latest court order reinforces First Bank’s efforts to recover the outstanding debt, adding further legal and financial pressure on Obaigbena’s embattled oil firm.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Abuja Reports

Zuba: Commuters, Residents Protest Lack of U Turn, Halt Construction Work

Published

on

By Samson Adeyanju

Frustrated commuters and residents on Today staged a protest over the absence of a nearby U turn on the newly constructed road in Zuba, Abuja, describing the situation as a source of severe hardship for drivers and pedestrians.

The protesters, comprising young and old, carried placards and blocked sections of the road, demanding immediate government intervention to address what they described as unnecessary suffering caused by the road design.

According to the protesters, motorists are forced to drive long distances before finding a point to turn to the opposite lane, while pedestrians struggle to cross the busy road because the designated pedestrian crossing is located far from the area near the popular fruit market.

They said the situation has created heavy congestion involving vehicles, commercial motorcycles, drivers, traders, motor parks and nearby filling stations.

While the demonstrators acknowledged the efforts of the government in constructing the new road, they insisted that the absence of a nearby U turn has placed commuters under serious pressure.

Some protesters temporarily halted construction activities, confronting workers on site and demanding that authorities urgently create a turning point to ease movement.

One of the protesters said the demonstration was meant to draw the attention of the government to the daily challenges faced by residents.

However, not all residents supported the protest. Some argued that introducing a U turn in the area could increase the risk of accidents due to the heavy traffic around the market.

As of the time of filing this report, tensions remained high as road workers attempted to resume barricading work on the road, while protesters continued to voice their grievances.

Observers warned that the situation could escalate if authorities fail to address the concerns or deploy security personnel to maintain order.

Continue Reading

Abuja Reports

FCT Varsity to Begin Operations Soon, Wike Assures

Published

on

By Patrick Idowu

The Minister of the Federal Capital Territory, Nyesom Wike, has assured residents that the FCT University of Science and Technology, Abaji (FUSTA), will begin operations under the administration of Bola Ahmed Tinubu.

Wike gave the assurance in Abaji during a visit to appreciate residents for supporting the President’s candidates in the February 21 FCT Area Council elections.

He said the FCT Administration has already commenced the development of infrastructure and other critical facilities required for the university’s take-off.

The minister urged residents to remain patient, emphasizing that President Tinubu is committed to ensuring the university becomes a reality during his tenure.

“From our conversations, we see how important this university is not only to the people of Abaji but to all residents of the FCT. It will create jobs and open up the Abaji community to further development. I will be proud to be the one to officially open the university for operations,” he said.

Wike explained that his visit was primarily to thank residents for fulfilling their promise to support the President, stressing the importance of reciprocating goodwill.

Describing politics as a “game of give and take,” the minister added that the era of empty promises is over.

Continue Reading

Abuja Reports

ASP Justina Amah Emerges Star Performer, Wins Gold, Silver, Bronze

Published

on

By Samson Adeyanju

ASP Justina Amah of the Nigeria Police Force has emerged as the star performer at the February 2026 Delta Police Games, clinching a gold medal, a silver, and a bronze, further cementing her reputation as one of the Force’s top athletes.

Hailing from Ozalla in Igboetiti LGA, Enugu State, ASP Amah has consistently elevated the Nigeria Police Force through her sporting prowess.

Over the years, she has amassed an impressive collection of medals, including 8 gold in Karate, 4 gold in other sports, 8 silver, and 8 bronze, showcasing her versatility and dedication.

Beyond her achievements on the field, ASP Justina is widely recognized for her discipline and professionalism.

In 2023, she was honoured as the Ica & Sons Books Most Disciplined Police Woman in Camp, reflecting her exemplary conduct both on duty and in her community.

Observers and colleagues have called for her to receive special recognition and promotion, noting that her accomplishments not only bring glory to the Police Force but also serve as an inspiration to aspiring athletes and officers nationwide.

ASP Justina Amah’s journey highlights the power of talent, commitment, and perseverance in achieving excellence.

Continue Reading

Trending

romabetmeritkinganal escort sirinevlerkralbetjojobetbayrampaşaistanbul türbanlı escortcasibomholiganbetKuşadası Bayan EscortKuşadası Escortatlasbetcasinoroyalcasinomilyongalabetjojobetjojobet girişmeritkingmeritkingjojobet girişradissonbetiptv satın alholiganbetJojobetritzbetleograndbetslotdaytürk ifşaritzbetBahislionbahislionJojobetjojobetjojobet giriştürk ifşaritzbetmarsbahisHoliganbetmaxwinjojobetcasibomradyoenerji.com.tr1xbetholiganbetcasibomMercurecasino girişcasinolevant girişromabet girişroyalbet girişcratosroyalbet girişgrandpashabet girişdumplingnoodle.comcratosroyalbetcratosroyalbetbetwoonspincomatbet girişpusulabet güncel girişromabet girişroyalbet girişvaycasinomarsbahis girişjojobetjojobet girişmarsbahisbetsmove1winjojobet girişjojobetjojobetcanlı casino siteleriMeritkingMeritkingMeritkingMeritkingMeritkingjojobetmeritkingmeritkingbahis siteleribakırköy escortjojobetip stressernakitbahisbetwooncasibom girişMadridbetradissonbetsisli escortcasibomjojobetjojobet girişroyalbetcratosroyalbetgrandpashabetcasibomsonbahisgiriş adresicasibommeritbetmeritkingbetsinMercurecasino girişbetkolikMadridbetkatlaBahibomGrandpashabetGrandpashabet resmimatbetpusulabetmarsbahiscratosroyalbet girişpusulabet girişromabetmarsbahis girişjojobet girişjojobetkargabetHoliganbetganobetdinamobetbetgitsekabet giriş yeniextrabetbetkanyonbetciojojobetjojobetjojobetjojobetonwinMercurecasino girişmeritkingmeritkingHoliganbetMercurecasinocratosroyalbet güncel girişcratosroyalbet güncel girişgrandpashabet güncel girişpashagamingmercurecasinoimajbetgrandpashabetmarsbahisMercurecasinocasinolevantsuperbetinjojobetjojobetjojobetgrandpashabetgrandpashabetjojobet girişjojobetbetciojojobet girişjojobetjojobetcasinolevantcasinolevantgrandpashabetjojobetolabahisholiganbetcratosroyalbetgrandpashabetMercurecasinodeneme bonusu veren sitelerdeneme bonusu veren sitelerdeneme bonusu veren sitelerdeneme bonusu veren sitelerdeneme bonusu veren sitelerroyalbetenbetcasibomjojobetbetciobetgitjojobetjojobet girişGalabetGalabet girişjojobetcasibom girişSekabetmarsbahismarsbahis girişGrandpashabetzirve bahis girişbetturkeypalacebetcasinolevantgrandpashabetdinamobetbetsalvadorcasinolevantbetebetbetturkeyjojobetjojobet girişjojobet güncel girişJojobete Giriş