Supreme Court Overrules Court of Appeal on Receiver’s Powers in Nestoil, Neconde Legal Tussle Restores Olanipekun, Banire as Counsel
Nume Ekegha
The Supreme Court decision of
Friday, 10 April, 2026, that set aside the Ruling of the Court of Appeal which disallowed the
appearance of Senior Advocates of Nigeria, Wole Olanipekun and Muiz Banire, as counsel for
Neconde Energy Limited and Nestoil Limited, respectively in the action instituted by FBN
Quest Merchant Bank Limited and FBN Trustees Limited has continued to reverberate across
the legal and business community Continued on page 5
NUPRC Backs FG’s Oil Royalty Shift, Defends $3-$7m Signature Bonuses... Page 7 Monday, Monday, January April 13, 6, 2026 2025 Vol Vol29. 31.No No10865. 11327. Price: N400
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Gulf Crisis: Trump Directs US Navy to Block Strait of Hormuz After Failed Talks
US President insists illegal tolls prohibited Tehran declares shipping lane open to civilian vessels only Uncertainty over energy market Pope seeks end to war
Emmanuel Addeh in Abuja
The US Navy will begin at 10am this morning the blockading "any
and all ships" trying to enter or leave the Strait of Hormuz, US President Donald Trump said yesterday, after talks to make Iran
open the critical ship passage failed at the weekend. Trump also threatened to bomb Iran’s water treatment
facilities as well as its power plants and bridges, repeating an earlier threat, if Tehran did not agree to abandon its nuclear
weapons programme – the key sticking point between the two sides. Trump’s surprise
announcement of a blockade came after 21 hours of face-to-
Continued on page 5
Atiku,Tambuwal Accuse INEC of Bias, Join Obi, Kwankwaso, Amaechi at ADC Convention El-Rufai, Malami make list
See story on page 5
DEVELOPING SOLID MINERALS IN NORTH CENTRAL...
L–R: Executive-Director, Commercial and Industrialisation, North Central Development Commission (NCDC), Hajiya Ramatu Ibrahim; Managing Director, NCDC, Dr. Cyril Tsenyil; Minister of Solid Minerals Development, Mr. Dele Alake; Executive-Director, Finance, NCDC, Prof. Muhammed Bashar Nuhu; and Executive-Director, Corporate Services, NCDC, James Abel Uloko, during a courtesy visit to the Ministry of Solid Minerals Development in Abuja ... recently
NAF Investigates as Scores Feared Killed, Injured in Airstrikes in Yobe, Borno Border... Page 35