S’Court Sets Aside Order Freezing Nestoil, Neconde’s Assets Says Appeal Court’s ‘exparte order was unwarranted, uncalled for, frivolous and vexatious’
Alex Enumah in Abuja
The Supreme Court has set aside
an order of the Court of Appeal freezing the assets of Neconde Energy Limited, Nestoil Limited
and two others, over an alleged $1.1 billion indebtedness to a consortium of banks led by FBNQuest Merchant
Bank Limited and First Trustees Limited. A five-member panel of the apex
court in a judgement yesterday, Continued on page 8
AP: Abuja Out, Lagos In as US Slashes Number of Visa-processing Embassies in Africa from 50 to 20... Page 23
Group Chairman, Dr Ernest Azudialu-Obiejesi
Tuesday 2 June, 2026 Vol 31. No 11377. Price: N400
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At Navy’s 70th Anniversary, Tinubu Pledges to Fortify Maritime Security, Counterinsurgency
Chiemelie Ezeobi and Deji Elumoye
GABRIEL OGBECHIE’S 60TH BIRTHDAY CELEBRATION...
L-R: Publisher/ Chairman, THISDAY/ARISE News Channel, Nduka Obaigbena, former Governor of Akwa Ibom State, Udom Emmanuel, former Executive Secretary of PPPRA, Reginald Stanley; GMD, Rainoil Limited, Gabriel Ogbechie; Deputy Governor of Delta State, Sir Monday Onyeme; Executive Director /CFO of NNPC, Dapo Segun, MD Globus Bank, Mr Elias Igbin Akenzua, at the 60th birthday celebration of Gabriel Ogbechie
President Bola Tinubu, yesterday, vowed to strengthen Nigeria’s maritime security architecture with the inauguration of three new naval vessels – NNS Oloibiri, NNS Mambila, and NNS Gurara. Tinubu also inaugurated a Combined Maritime Task Force Continued on page 8
Babachir: ADC Presidential Primary Disgraceful Atiku: You’re a Notorious Conflict Entrepreneur
Wike blasts ex-Vice President, Obi, says they’re hypocrites without better democratic options, dismisses Jonathan’s endorsement Story on page 8
CELEBRATING NIGERIAN NAVY AT 70...
R-L: Lagos State Governor, Babajide Sanwo-Olu; President Bola Ahmed Tinubu; Chief of the Naval Staff, Vice Admiral Idi Abbas; and his wife, Hajiya Haisa Abbas, during the Nigerian Navy’s 70th anniversary held at Eko Atlantic, Lagos, yesterday PHOTO: STATE HOUSE.