LAGOS JULY 23RD (NEWSRANGERS)-An Abuja High Court has issued a major ruling mandating the sale of aircraft, hangars, and other movable assets owned by Arik Air Limited. Specifically,the court directed sale of the aircraft with the registration numbers B737-700/5N-MJF, B737-800/5N-MJQ, DASH8-Q400, and 5N-BKX. This decision comes as a result of the airline’s substantial outstanding debts…
LAGOS MAY 4TH (NEWSRANGERS)-The Federal High Court in Abuja, has ordered the arrest of a former Chief of Naval Staff, Vice Admiral Usman Jibrin, and two other officers over N1.5 billion money laundering charges preferred on them by the Independent Corrupt Practices and Other Related Offences Commission (ICPC). The court issued the arrest warrant after…
LAGOS MARCH 10TH (NEWSRAGERS)-President Bola Tinubu has ordered the Nigeria Customs Service (NCS) to return food items that were confiscated at border communities to owners on the condition that they would be sold in the Nigerian markets. The Comptroller General of Customs, Adewale Adeniyi, disclosed this in Katsina yesterday during an interface with residents of…
LAGOS FEBRUARY 27TH (NEWSRANGERS)-President Bola Tinubu has ordered the full implementation of the 2012 Stephen Oronsaye report. Going by this implementation, it announced the merging, subsuming, scraping and relocation of several agencies of government. The Minister of Information and National Orientation, Mohammed Idris, revealed this to State House Correspondents after Monday’s Federal Executive Council…
LAGOS JANUARY 29TH (NEWSRANGERS)-President Bola Tinubu has announced a shake-up in the oil sector to ensure transparency amid concerns about declining oil revenue and opaque practices within the NNPC. The President has directed the Central Bank of Nigeria (CBN) to take over responsibility for crude oil sales from the Nigerian National Petroleum Company Limited (NNPCL)….
LAGOS JANUARY 13TH (NEWSRANGERS)-A judge in New York has ordered former President Donald Trump to pay nearly $400,000 to cover The New York Times’ legal fees from a now-dismissed lawsuit he brought against the paper, three of its reporters and his niece. Trump sued the New York Times in 2021, accusing the paper of conspiring…
LAGOS DECEMBER 22ND (NEWSRANGERS)-The House of Representatives on Thursday warned the Point-of-Sales (POS) operators in the country to stop selling naira notes and remove excessive charges to customers nationwide immediately. This is even as the House mandated the Committees on Banking Regulations and Digital and Electronic Banking to invite the Minister of Finance and National…
LAGOS DECEMBER 16TH (NEWSRANGERS)-A West African court ruled on Friday that the ousted president of Niger, Mohamed Bazoum, and his family were arbitrarily detained and called for a return to democratic rule through his reinstatement. Bazoum was toppled during a military coup on July 26. He and his family have since been in detention without…