FBN  $718m Debt: Court Orders Banks To Blacklist Nduka Obaigbena From Financial Transactions

LAGOS JANUARY 11TH (NEWSRANGERS)-The Lagos Division of the Federal High Court has ordered all banks operating in Nigeria to blacklist media executive Nduka Obaigbena and members of his family over alleged debt to First Bank of Nigeria. The December 30, 2024, Mareva order also sought to prevent Mr Obaigbena from moving any assets linked to…

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Tinubu Reacts To Rivers’ Crisis, Orders Fubara, Others To Caution Their Supporters

LAGOS OCTOBER 7TH (NEWSRANGERS)-President Bola Tinubu has called on Governor Siminalayi Fubara, political leaders to caution their supporters in Rivers State to exercise restraint and uphold the rule of law. Tinubu expressed deep concern over reports of arson and explosions in the state. A statement by Bayo Onanuga, Special Adviser (Information & Strategy) said Tinubu…

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NCC Direct Immediate Reactivation Of All Blocked Telephone Lines

LAGOS JULY 29TH (NEWSRANGERS)-The Nigerian Communications Commission has directed telecommunications operators to immediately restore all blocked phone lines due to non-linkage of National Identification Numbers to SIM cards. This directive was disclosed in a statement on Monday by the Director of Media and Public Affairs, Reuben Muoka. The telecom industry regulator explained that this directive…

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Debt: Court Orders Sale Of Arik Air’s Aircraft, Hangars, Other Movable Assets

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…

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President Tinubu Orders Nigeria Customs to Return Confiscated Food Items To Owners

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…

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