Adelanwa Bamgboye

2 weeks ago | dailytrust.com | Adelanwa Bamgboye

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against the Nigerian National Petroleum Company (NNPC) Limited over the “failure to account for and explain the whereabouts of the alleged missing N500 billion, which the NNPCL failed to remit to the Federation Account between October 2024 and December 2024.” The suit followed the recent allegations by the World Bank that out of the N1.1trn revenue from crude sales and other income in 2024, the NNPCL only remitted...

1 month ago | dailytrust.com | Adelanwa Bamgboye

The Socio-Economic Rights and Accountability Project (SERAP) has urged MrBayo Bashir Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Ltd (NNPCL) “to account for and explain the whereabouts of the missing N500 billion, which the NNPCL failed to remit to the Federation Account, between October 2024 and December 2024, as revealed by the World Bank.” SERAP urged MrOjulari “to identify those suspected to be involved, surcharge them for the full amount involved,...

1 month ago | dailytrust.com | Adelanwa Bamgboye

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, to “immediately disclose whether the bank has commenced the direct disbursement of allocations to the 774 local government councils in Nigeria from the Federation Account with the CBN and to widely publish the amounts, if any, so far directly sent to each of the councils.” SERAP also urged Mr Cardoso to “immediately disclose whether any direct payment has...

1 month ago | allafrica.com | Adelanwa Bamgboye

Rite Foods Limited ("Rite Foods"), the Nigerian manufacturer of Fearless energy drink, has raised fresh concerns over the conduct of Mamuda Beverages Limited ("Mamuda"), following what appears to be a circumvention of a consent judgment previously agreed between both parties. The firm has however sued the competitor, the maker of Pop Power Energy Drinks, over allegations bordering on trademark infringement while seeking damages of N1.6bn.

1 month ago | dailytrust.com | Adelanwa Bamgboye

Socio-Economic Rights and Accountability Project (SERAP) and Nigeria Guild of Editors (NGE) have urged “The government of President Bola Ahmed Tinubu to immediately end the use of the draconian Cybercrimes Act to target journalists, activists, critics and other Nigerians peacefully expressing their views online, and release those in custody across the country under the legislation.” The groups said, “The use of the Cybercrimes Act to lock up people peacefully expressing their views sends a...