Connect with us

Business

Character Assassination: Akpabio Risks N25bn Lawsuit From Emefiele

Published

on

Emefiele Proffers Solutions to FX challenges

The embattled former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, is on the verge of suing the Senate President, Godswill Akpabio, for alleged character assassination.

Biztellers reports that Sen Akpabio on February 18, alleged that the President Bola Ahmed Tinubu’s administration was at sea on the charges to press against Emefiele.

He opined that the ruling All Progressives Congress (APC) was confounded with the level of economic mess it inherited, which is traceable to Emefiele.

Sen Akpabio spoke at at Sen Barinada Mpigi’s thanksgiving service in Koroma, Tai Local Government Area, Rivers State.

The camp of the deposed CBN governor is irked by the Senate President’s utterances and have given him the options of formally tendering an apology or facing legal action for defamation of character.

Emefiele made his position known in a letter through his lawyer, Mathew Burkaa (SAN).

The letter was dated February 19, 2024.

According to Emefiele, the legal meaning of Sen Akpabio’s view is that the former CBN governor was a serial offender whose action had given rise to the untold hardship visiting Nigerians.

The letter partly read, “We are solicitors to Dr. Godwin Ifeanyi Emefiele, the former Governor of the Central Bank of Nigeria (hereinafter referred to as “Our Client”), on whose brief and instruction, we write this letter.

“The above statement, whether taken in their ordinary, figurative, or literal meaning portrayed our Client as:

“The cause of the entire hardship in Nigeria today is as a result of the policies of the previous administration.

“A serial offender whose action is responsible for all the hardship experienced by Nigerians today.

“A person who has committed offences that are so numerous that the government is confused as to which of the offences to prefer a charge against him.”

According to Emefiele, the thoughts expressed by Sen Akpabio undermined the integrity of the court and its independence, which made it detrimental to his ongoing trial.

“As the President of the Senate of the Federal Republic of Nigeria, you certainly know, or have reasons to know that the Federal Government of Nigeria had since August 14, 2023, preferred charges against our client to which he had long pleaded not guilty and is presently defending same to exonerate himself and show that he is not guilty of the said allegations.

“It is therefore disturbing, that such a statement would be made by the Head of the Legislature of the Federal Republic of Nigeria on a matter that is clearly subjudice.

“Your statement, with the greatest respect, clearly undermines the honour and integrity of the Court and its independence and indeed has the propensity of prejudicing the case against our Client.

“Having submitted to the jurisdiction of the Court, it is only fair and proper that the Court should be allowed to determine the issues submitted to it without unnecessary pressure from any other arm of Government,” he stated.

Emefiele also averred that since Sen Akpabio served as a Minister under the President Mohammadu Buhari administration, holding him solely responsible for hardship ravaging Nigeria was atrocious.

He added that without the approval of the President and/or the Federal Executive Council (FEC) of which Sen Akpabio was an influential member, he could not have done the things, the Senate President now accuse him of.

Emefiele said, “Secondly Sir, as a Senior member of the Bar, a former Governor of a State, A Senator of the Federal Republic of Nigeria, and a former Minister under the immediate past Administration, Your statement attributing the present economic woes of the country solely on our Client is most appalling and exposes the inaccuracies in your assertions, especially, as you were a major player in the immediate past administration and worked closely with our Client and indeed witnessed the innovations he introduced in the banking sector and its impact on the economy whilst in office, as well as the role he played despite all odds in salvaging Nigeria in the P & ID Saga and the positive result it brought for Nigeria.

“You are also aware that no single policy was carried out by our Client without the approval, directive, or authorization of the President and/or the Federal Executive Council of which you were a key and powerful member.”

Consequently, he demanded that Sen Akpabio should immediately retract his statement or be ready to meet him in court.

“It is pursuant to the above and without delving into the matter presently pending in Court that our Client has instructed that we write to your good offices and demand the immediate retraction of your statement which has gone viral and is considered defamatory of our Client;

“These baseless and false allegations defame the character of our Client and have also caused him great pains and embarrassment as it has lowered his esteem before the right-thinking members of the society in addition to the obvious odium and opprobrium from the unsuspecting members of the society as a result of the falsity contained in that statement.

“We, therefore have our Client’s further instruction to demand from you an unreserved apology in writing, published and circulated by the same medium with which you have defamed his character, and the sum of N25,000,000,000 as reasonable compensation for the willful and unjustifiable denigration of his hard-earned reputation.

“If you fail, refuse, or neglect to comply with this legitimate demand, our Client will be at liberty to seek the appropriate redress available to him under the laws of the Federal Republic of Nigeria,” it added.

Business

Adoption of AI Feature as NIPetGE Pays Courtesy Call at NNPC Ltd

Published

on

Enhanced adoption of artificial intelligence and other digital technologies to improve operations in Nigeria’s oil and gas industry is taking the centre stage in relevant circles.

The issue came up strongly when the President-elect of the Nigerian Institute of Petroleum and Gas Engineers NIPetGE, Prisca Kanebi, paid a courtesy call at the Nigerian National Petroleum Company Limited (NNPC Ltd), Abuja.

Biztellers reports that the Kanebi led delegation was received by the Group Chief Executive Officer of the NNPC Ltd, Bayo Ojulari, represented by the Executive Vice President, Gas, Power and New Energy, Olalekan Ogunleye.

According to a statement made available on Sunday, discussions at the meeting focused on the future of Nigeria’s hydrocarbon industry amid global energy transition concerns, technological changes and sustainability targets.

ALSO READ: NNPC Ltd, IOCs Raise Crude Supply to Local Refineries by 103% in 4 Months

The statement indicated that the NNPC Ltd acknowledged the role of NIPetGE in policy advocacy, technical development and innovation within the sector.

Speaking during the meeting, Kanebi highlighted recommendations from the institute’s recent conference, including the proposed establishment of a national centre for intelligent energy systems to support the deployment of artificial intelligence, the Internet of Things and robotics across the petroleum value chain.

She also commended the Federal Government’s decarbonisation efforts and reiterated the institute’s support for policies aimed at improving sustainability in the industry.

The institute also recommended the creation of a hydrocarbon-linked emissions trading system to allow Nigeria to take part in global carbon markets.

The institute also proposed fiscal incentives to support local manufacturing and service delivery in the oil and gas sector, as well as the expansion of the Energy Transition Plan to include measurable upstream decarbonisation targets backed by tax credits.

Other proposals included increased public-private partnerships in emission control infrastructure, carbon capture projects and hybrid renewable energy initiatives.

Both organisations also stressed the need for stronger collaboration between industry and academic institutions to improve professional capacity and align petroleum engineering practice in Nigeria with international standards.

The institute further disclosed that its bill seeking chartered status had passed second reading and was progressing towards a third hearing at the National Assembly.

It added that NNPC Ltd pledged support for future collaborations with the institute on initiatives aimed at improving efficiency and innovation in the energy sector.

Continue Reading

Business

FHC Orders NUPRC to Comply with PIA

Published

on

Continue Reading

Business

Local Firms Lead Revival of Idle Oil Wells – SPE

Published

on

Nigeria’s indigenous oil and gas companies are reopening dormant wells and ramping up production from assets acquired from international oil companies (IOCs) to boost crude oil output.

The Society of Petroleum Engineers (SPE), Nigeria Council, made the assertion through its Chairman, Francis Nwaochie, on the sideline of the Offshore Technology Conference (OTC) which ended at the weekend in Houston, Texas.
Nwaochie said indigenous operators were already taking advantage of opportunities created by disruptions in the global energy market to increase production from existing assets.

According to him, local firms that recently acquired onshore and shallow water assets from IOCs were aggressively reviving inactive wells and maximizing available infrastructure to raise output levels.

“What we are seeing now is that indigenous companies are reopening wells from the assets they acquired from the IOCs. Some of them have almost doubled production from those existing assets,”.

He explained that the renewed focus on dormant wells and existing facilities had become critical at a time the global oil market was facing supply shortages triggered by geopolitical tensions in the Middle East.

The SPE Nigeria Council Chairman noted that Africa, particularly Nigeria, was well positioned to benefit from the supply gap because of the continent’s relative stability compared to some other oil-producing regions.

“There is a huge opportunity for Africa right now. The focus is gradually shifting to Africa because of the volatile environment in many other producing regions.”

He stated that indigenous operators were leveraging digital technologies, financing opportunities and local expertise to improve production efficiency and optimise existing fields.

He added that stronger implementation of local content policies was also helping to create a more stable operating environment for oil and gas investments.

“Local content is very critical. Once communities and local companies clearly understand their roles and benefits, then you create peace across the industry. Business only thrives in peaceful environments.”

ALSO READ: Nigerian Navy Recovers Large Cache of Illegal Refined Petroleum Products

Nwaochie also stressed the need for Nigeria to move beyond crude oil production and begin developing indigenous technologies for the energy industry.

According to him, SPE Nigeria Council was actively supporting innovation and technology development among young Nigerian engineers and researchers.

He disclosed that the association was engaging the National Universities Commission(NUC) on reforms to engineering curricula in universities to better prepare graduates for the future of the energy industry.

“One of our major focuses in SPE is technology development. We should not only import machines and equipment, we must begin to develop our own technologies locally.”

Nwaochie revealed that SPE was already supporting local innovators working on technologies such as remotely operated underwater vehicles (ROVs), noting that indigenous technology development will strengthen Nigeria’s economy and deepen local participation in the oil and gas sector.

“We may not get everything right immediately but we must start somewhere. That is how countries that dominate the global energy industry built their capacities.”

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.

0
Would love your thoughts, please comment.x
()
x