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Supreme Court Adjourns IPOB Suit For Kanu’s Release
On Thursday, the Supreme Court announced an adjournment in the case brought forth by the Indigenous People of Biafra seeking the release of their leader, Nnamdi Kanu.
The hearing will resume on September 14th.
Recall that IPOB filed a suit at the apex court against the verdict of the Appellate Court, which prevented the release of the leader of the Igbo self-determination group.
Ifeanyi Ejiofor, the lead lawyer for IPOB and a prominent human rights activist, expressed in a press release that they have lodged an appeal with the Supreme Court.
The objective of this appeal is to overturn the ruling of the Court of Appeal, which had halted the implementation of the court’s judgment that discharged Nnamdi Kanu.
He said “We have appealed to the Supreme Court, to set aside the ruling of the Court of Appeal, staying the execution of the court’s judgment discharging him, and placing a further bar to any further detention and prosecution of Nnamdi Kanu on any charge/indictment before any court in Nigeria.
“Recall that on October 28, 2022, a three-person panel of Learned Justices of the Court of Appeal (Abuja Judicial Division), granted an application for the stay of execution of the judgment of the Court of Appeal, pending the determination of the appeal filed before the Supreme Court by the Federal Government.
“After a thorough review of the said ruling by our defence team, eminently led by foremost leading Senior Advocate of Nigeria, Chief Mike Ozekhome (SAN), an informed decision was taken by the erudite Senior Advocate, and the entire team, that the said ruling, which has no foundation in law or facts, placed before the court, should be immediately appealed against, for it to be set aside by the Apex Court.
“Our well-informed position was given a final nod by our indefatigable client, Nnamdi Kanu, during my last visit to him.
“We therefore, by this medium, inform the general public, and Umuchineke in particular, that we have filed an appeal against the said ruling of the Court of Appeal delivered on October 28, 2022, and will proactively follow up on the administrative process to ensure that both appeals are given accelerated hearings in line with the extant fast-track rules of the Supreme Court.” He added.
Ahead of the scheduled hearing, Aloy Ejimakor, the special counsel for Kanu, emphasized the importance of justice in his client’s trial and urged the Supreme Court to uphold this principle.
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NNPC JV Unveils New Crude Oil Grade ‘Nembe’, Commences Exports With 1,900 Barrels
Precious ADELOLA
The NNPC/Aiteo Joint venture has announced the introduction of Nembe Crude Oil Grade, a new crude oil grade into the international crude oil market.
The announcement of the Nembe Crude Oil Blend, produced by Aiteo, the Operator of the NNPC/Aiteo Oil Mining Lease (OML) 29 Joint Venture (JV), was made at the ongoing Argus European Crude Conference in London, on Tuesday.
OML 29, an asset located onshore Nigeria, is operated by Aiteo Eastern Exploration & Production Ltd, Africa’s leading indigenous hydrocarbon producer, following a historic acquisition from Shell in 2014.
The Nembe Crude was previously blended with the popular Bonny Light grade and exported via the Bonny Oil & Gas Terminal.
The unique selling point of the Nembe Crude Oil grade with an API gravity was highlighted by both the Aiteo E & P and NNPC Limited Leadership at the Argus Conference in London.
The Nembe Crude Oil grade also has a low sulphur content and low carbon footprint due to flare gas elimination, fitting perfectly into the required spec of major buyers in Europe.
Two cargoes of 950,000 barrels each of the Nembe Crude Oil grade have since been exported to France and the Netherlands. With its attractive Assay of API 29 and low sulphur content, the Nembe Crude Oil grade commands a premium to the global Brent benchmark.
With the NNPC-Aiteo OML 29 JV back on-stream, Nigeria now boasts of an additional crude oil export of 2 Cargoes at 950,000 barrels each per month and 1.2 Bcf of export gas monthly.
This remarkable achievement signals the commencement of activities at Nigeria’s newest crude oil terminal, the Nembe Crude Oil Export Terminal (NCOET), which was licensed in line with the extant laws and Crude Oil Terminal establishment regulations.
The terminal was conceived as a Floating Storage and Offloading Vessel (FSO) with a storage capacity of two (2) Million Barrels and the ability to offload crude oil to any export tanker from AFRAMAX to Very Large Crude Carriers (VLCC).
It has a loading capacity of 25,000 barrels per hour and will be exporting over 3.6 million barrels of Crude oil monthly at full scale of operation.
Currently, hydrocarbon production from OML 29, which was hitherto constrained due to evacuation challenges owing to the security issues around the Nembe Creek Trunk Line (NCTL) corridor, has now been resolved through a collaborative and creative approach that led to the innovation of the Alternative Crude Oil Evacuation Solution.
The Argus European Crude Conference 2023 in London is a gathering of energy majors, refiners, NOCs, traders, financial institutions, and other representatives from across the global oil markets. The event also provides a critical opportunity for business leaders to connect, discuss, share and learn from one another.
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Nigeria Owes NNPCL US$3.1bn, As Subsidy Hits US$921.5m Monthly
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JUST IN: Tribunal Sacks Gov Uba Sani, Declares Election Invalid
Governor Uba Sani of the All Progressives Congress (APC) was removed from office on Thursday by the governorship Election Petition Tribunal sitting in Kaduna State.
The panel ruled that the state’s 2023 governorship election was invalid.
According to information gathered by Biztellers, the judges avoided the actual auditorium and instead communicated the decision via zoom.
It commanded the holding of new elections in seven wards across four local government units in the State.
Isa Ashiru, a candidate for the Peoples Democratic Party, and the PDP filed the petition.