NEWS
S’Court Upholds Ex-BPE Chief’s Jail Term
In a landmark decision, the Supreme Court has upheld the contempt conviction of Alex Okoh, former Director General of the Bureau of Public Enterprises (BPE).
The judgment, delivered on Friday, solidified Okoh’s one-month imprisonment, highlighting compelling evidence of BPE and Okoh flouting a prior court order.
This order explicitly prohibited the sale of the Aluminium Smelter Company of Nigeria (ALSCON) Ltd to any entity other than the BFI Group Corporation, the rightful winner of the 2004 bid.
Tijjani Abubakar, delivering the lead verdict, expressed strong criticism for BPE and Okoh’s blatant disregard of the court’s directive.
In scrutinizing the appeal arguments, the judge dismissed BPE’s claim that Alex Okoh was not personally served court papers (Forms 48 and 49) pertaining to the contempt proceedings.
Forms 48 and 49 are crucial in contempt cases. Judge Abubakar asserted that serving the documents on the BPE Secretary was a valid service to Mr Okoh.
He criticized BPE’s actions of re-offering ALSCON for sale post the Supreme Court ruling as a blatant contemptuous act, emphasizing a flagrant disregard for the court’s authority.
According to Mr Abubakar, BPE’s invitation for fresh bids after the court’s order “leaves no one in doubt that the appellants indeed flouted the order of the court as handed down in SC/12/2008, particularly the third leg of the order, which perpetually restrained the first appellant (BPE), servants, agents, privies, management or howsoever called from negotiating the sale, selling, transferring or otherwise handing over ALSCON to any other person or persons, in violation of the contract between the BPE and the BFI Group.”
The appellant’s lawyer, Chris Uche, a Senior Advocate of Nigeria (SAN) had argued that his client did not violate the court order.
However, Mr. Abubakar dismissed Uche’s assertion, emphasizing that court orders are meant to be adhered to.
He stated that it is not within the appellant’s right to claim compliance when the court records clearly show their utter disregard for the order.
Abubakar condemned the appellants’ actions as a blatant display of disrespect, deeming it scandalous and shameful.
“It is disgraceful that an agency of government decided to hold the economy of the country hostage. Agencies of government must respect the rules. Nobody in this country is above the law.
“Both the government and the governed are subject to the rule of law.
“The appellants are not at liberty to choose which of the orders of this court to obey and which one to ignore.
“I must say the conduct of the appellants in this case offends the majesty of the law and undermines the dignity of the court.
By acting in defiance of the order of perpetual injunction handed down by this court, the stage was obviously set for the second appellant’s (Okoh’s) committal to prison,” the judge said.
Mr. Abubakar declared the appeal as lacking merit before dismissing it. Consequently, he upheld the Court of Appeal’s January 2022 decision affirming Mr. Okoh’s contempt conviction.
The court also maintained the imposition of a N10 million cost against the appellants in favor of the respondent, BFI Group.
Mr. Abubakar ordered that the N10 million cost be personally paid by Mr. Okoh, further specifying that this payment is in addition to his imprisonment for contempt.
Recall that in 2004, the Bureau of Public Enterprises (BPE) initiated the privatization of ALSCON through an expression of interest advertisement.
Following the bidding process, BFI Group Corporation emerged as the preferred bidder. BPE communicated this decision to BFI Group through a letter dated June 17, 2006, requesting a 10% payment of the bid price within 15 days.
However, BFI Group contested the 15-day payment deadline, arguing that the terms of the May 2004 memorandum of understanding between the parties stipulated that the preferred bidder should pay 10% of the accepted bid price within 15 days from the execution date of the Share Purchase Agreement (SPA).
Following BFI Group’s failure to meet the 15-day payment deadline, the Bureau of Public Enterprises (BPE) terminated the contract and subsequently re-offered ALSCON for sale. In response, determined to challenge BPE’s contract termination, BFI Group filed a lawsuit.
The Supreme Court, in a 2012 judgment, ruled in favor of BFI Group, affirming the existence of a valid contract of sale between BPE and BFI Group regarding ALSCON.
The court issued a restraining order, prohibiting BPE and its agents from further offering ALSCON for sale to any other individual or entity outside of BFI Group.
In pursuit of executing the Supreme Court judgment, BFI Group initiated a judgment enforcement suit before the Federal High Court in Abuja.
On September 30, 2014, the Federal High Court issued an enforcement order, which faced objection and appeal from BPE.
The appellate court modified the enforcement order but maintained the directive to enforce the Supreme Court judgment. It instructed BPE to furnish the mutually agreed Share Purchase Agreement (SPA) for execution.
However, disagreements arose between BPE and BFI Group regarding the execution of the SPA, with BPE objecting to certain documents annexed to the agreement.
Following the disagreement, BFI Group initiated contempt proceedings against BPE and Mr. Okoh at the Federal High Court in Abuja.
In December 2019, the court found both guilty of contempt and sentenced Mr. Okoh to one month of imprisonment until he purged himself of the contempt.
Challenging this decision, Mr. Okoh and BPE appealed to the Supreme Court.
The verdict delivered on Friday affirmed the conviction and upheld the sentence imposed by the Federal High Court.
NEWS
Fuel Price Shock: Nigerians May Soon Pay ₦1,500 Per Litre – Marketers Warn
Oil marketers have warned that Nigerians may soon pay as much as ₦1,500 per litre for Premium Motor Spirit (PMS), commonly known as petrol, as global oil prices surge following the escalating conflict involving Iran in the Middle East.
The National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Billy Gillis-Harry, issued the warning on Tuesday while speaking on a television programme on the impact of the global crisis on fuel prices.
According to him, the current volatility in the international oil market has already pushed petrol prices above ₦1,000 per litre at the depot level, with the ex-depot price from the Dangote Petroleum Refinery now standing at about ₦1,175 per litre.
He explained that once logistics, transportation, and other operational costs are added, the final pump price could rise significantly, possibly reaching ₦1,500 per litre in the near future.
Despite concerns about the rising cost of fuel, Gillis-Harry noted that steady availability of petroleum products from the Dangote Refinery remains a major relief for Nigeria, stressing that consistent supply is better than a nationwide fuel scarcity.
He added that the refinery’s production capacity is helping to stabilize supply across the country at a time when global markets remain highly unstable.
The latest price adjustment by the Dangote Refinery marks the fourth review within two weeks. Petrol prices increased from ₦995 per litre to ₦1,175 per litre, while diesel rose from ₦1,430 to about ₦1,620 per litre.
The development comes amid a sharp spike in international crude oil prices triggered by fears of supply disruptions due to the ongoing Middle East conflict.
Brent crude recently climbed above $102 per barrel, while West Texas Intermediate (WTI) rose to around $101 per barrel.
Industry analysts say the rising oil prices are already having a ripple effect on Nigeria’s downstream petroleum sector, forcing depot operators and fuel marketers to adjust their prices in response to the global market trend.
Meanwhile, the management of Dangote Petroleum Refinery has stated that although Nigeria introduced a crude-for-naira arrangement to support local refineries, the facility still purchases crude oil at international market prices, leaving it exposed to global price fluctuations.
NEWS
Global Crisis: Attacks on Schools Skyrocket 166% – UN Sounds Alarm on Children’s Safety
The United Nations has raised the alarm over a dramatic surge in attacks on schools worldwide, reporting a 166% increase between 2021 and 2024.
The rise highlights the escalating dangers faced by children in conflict zones.
United Nations Deputy High Commissioner for Human Rights, Nada Al-Nashif, revealed the figures during the annual meeting of the UN Human Rights Council on the rights of the child on Monday.
The session, themed “Mainstreaming the Rights of Children in Armed Conflict: Prevention and Protection,” focused on protecting children amid global conflicts.
Al-Nashif noted that the attacks were particularly concentrated in Sudan, Ukraine, the Gaza Strip, Myanmar, and Ethiopia, where children remain among the most vulnerable victims.
“In 2024, armed conflict directly affected nearly one in six children globally—about 470 million children,” she said. “Years of lost education, trauma, and lasting mental scars shape societies for generations. Long after the fighting subsides, children continue to face deadly risks.”
She highlighted Gaza as having the world’s highest number of child amputees per capita, warning that the impact of war goes far beyond immediate violence.
In Lebanon, government figures show that more than 450,000 people were displaced in less than a week, with at least 394 fatalities, including 83 children, during the 2024 conflict with Israel.
Al-Nashif also stressed the disproportionate risks for displaced children, who are more likely to die from disease linked to unsafe water and sanitation than from direct violence.
In the Democratic Republic of Congo, a 2025 cholera outbreak killed 340 children, underscoring the long-term consequences of conflict.
She called on states to uphold their international obligations to protect children, insisting that protecting children is “both a legal obligation and a humanitarian moral imperative.”
Also speaking at the council, Vanessa Frazier, Special Representative of the UN Secretary-General for Children and Armed Conflict, warned that violence against children continued at extreme levels in 2025.
She urged mainstreaming child protection across peace, security, humanitarian, human rights, and development efforts, emphasizing that children should actively participate in shaping policies designed to safeguard them.
Frazier highlighted her office’s global campaign, “Prove It Matters,” aimed at amplifying children’s voices in conflict resolution and peacebuilding.
The UN report underscores the urgent need for coordinated international action to protect children and ensure their safety in conflict zones worldwide.
International News
After Turbulent Elections, Portugal Swears In Seguro as President
Portugal officially inaugurated its new president, Antonio Jose Seguro, on Monday, pledging to bring stability to a nation shaken by political uncertainty and natural disasters.
Seguro, the centre-left candidate, won last month’s presidential run-off against far-right rival Andre Ventura, following weeks of catastrophic storms that killed at least seven people and caused approximately €4 billion ($4.6 billion) in damage.
Speaking at his swearing-in ceremony in Lisbon’s parliament, Seguro emphasized cooperation with the minority right-wing government and vowed to end the country’s “electoral frenzy.”
SEE MORE: Spain, Portugal Plunge Into Darkness Amid Widespread Power Outage
“I will do everything I can to put an end to this electoral frenzy,” he said, pointing to the inability of previous governments to complete their terms.
Amid global crises, including conflicts in the Middle East and a more isolationist US approach under President Donald Trump, Seguro stressed the importance of multilateralism.
“The force of law has been replaced by the power of the strongest,” he remarked.
Seguro succeeds Marcelo Rebelo de Sousa, a conservative who leaves office at 77 after serving two five-year terms.
While the Portuguese presidency is largely ceremonial, Seguro’s leadership signals a commitment to political stability and international engagement.






822364 693796A thoughtful insight and ideas I will use on my blog. Youve obviously spent plenty of time on this. Thank you! 182098
119436 838903Immer etliche Firmen bentzen heutzutage Interimmanagement als innovatives und ergnzendes Gertschaft i. Spanne der Unternehmensfhrung. Denn hiermit wird Kenntnisstand leistungsfhig, bedarfsgerecht und schnell ins Unternehmen geholt. 527829
369207 388398Wonderful post will likely be linking this on a few websites of mine maintain up the good function. 88411