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Equinor says it wins Nigerian case over Agbami oilfield funds

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LAGOS (Reuters) - Nigeria’s Supreme Court ruled in favour of Norwegian oil company Equinor in a long-running case over profit from its stake in the Agbami oilfield, a company spokesman said on Friday.
FILE PHOTO: Equinor s flag in Stavanger, Norway December 5, 2019. REUTERS/Ints Kalnins//File Photo
The ruling ends legal proceedings, spokesman Erik Haaland said. It alleviates more than 10 years of legal uncertainty for Equinor and gives it more flexibility in how it handles the millions of dollars a day generated by its share in the field.
The court ruled that the lower courts did not have jurisdiction. ....

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N1.3bn debt: AMCON takes over Inducon Nigeria's assets – Punch Newspapers

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The Asset Management Corporation of Nigeria has said it took over an asset belonging to the Chief Promoter of Inducon Nigeria Limited, Dr. John Abebe, over N1.3bn debt.
In a statement on Sunday from the Head, Corporate Communications Department, AMCON, Jude Nwauzor, titled ‘N1.3bn debt: AMCON takes over assets of Inducon Nigeria Limited’ it said this followed the order of Honourable Justice Aikawa of the Federal High Court, Lagos.
“In compliance with the enforcement order, AMCON at the weekend took effective possession of the property situate at Plot12, Block 108, Lekki Peninsula Residential Scheme, Lagos, through its debt recovery agent – Ogunsola Shonibare L.P. ....

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Former-Skye Bank chair, Ayeni drags business partner, Okunbo, to EFCC, alleges stealing, diversion of millions of dollars

Mr Tayo Ayeni, a former chairman of the defunct Skye Bank (now Polaris Bank), has accused his business partner, Captain Hosa Okunbo, of mismanagement, stealing and diversion of millions of funds belonging to their company, Ocean Marine Security (OMS) Limited.
Ayeni made the allegation in a petition to the Economic and Financial Crimes Commission (EFCC) through his lawyer, Mr Femi Fálànà (SAN).
He also accused Okunbo in the petition of scheming him out of the company.
Ayeni’s lawyer, Falana said in the petition that sometime in 2007, that his client, Okunbo, Joe Aikhomu, represented by his father, Admiral Augustus Aikhomu, and Gareth Dooley formed a company named Ocean Marine Security Limited, which later became Ocean Marine Solutions Limited. ....

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Ex-Skye Bank chair Tunde Ayeni accuses Captain Okunbo of stealing, criminal diversion of millions of dollars

A former chairman of the defunct Skye Bank (now Polaris Bank), Mr Tunde Ayeni, has dragged his business partner, Captain Hosa Okunbo, to the Economic and Financial Crimes Commission (EFCC) for alleged mismanagement, stealing and diversion of funds from their company – Ocean Marine Security Limited. In the petition written by his counsel, Mr Femi Fálànà (SAN), Ayeni gave a vivid account of how Okunbo tried to scheme him out of the company. ....

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Ayeni Accuses Okunbo of Stealing, Criminal Diversion of Millions of Dollars

Ayeni Accuses Okunbo of Stealing, Criminal Diversion of Millions of Dollars
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