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A Federal High Court, Abuja has given the Economic and Financial Crimes Commission (EFCC) the permission to arrest the Managing Director of ExxonMobil Nigeria, Richard Laing. EFCC Spokesman, Wilson Uwujaren who disclosed this yesterday in Abuja, said Justice Okon Abang on Friday, January 29, 2021, granted the commission’s application for a bench warrant to arrest Laing. He said the EFCC approached the court for a warrant after Laing snubbed three invitations from the commission. “EFCC is investigating alleged procurement fraud in the Major Integrity Pipelines Project involving Mobile Producing Nigeria, Suffolk Petroleum Services Limited, Saipem Contracting Nigeria, Global Offshore Limited and Van Ord as sub-contractor to SPSL. ....
TODAY February 3, 2021 A Federal High Court, in Abuja, has issued an arrest warrant for the Managing Director, ExxonMobil Nigeria, Richard Laing, The Economic and Financial Crimes Commission (EFCC), had approached the court for an arrest warrant after three invitations to Liang were rebuffed. Justice Okon Abang on Friday, 29th January 2021, granted the EFCC’s application for the Bench Warrant, said spokesman Wilson Uwujaren. The Commission is investigating alleged procurement fraud in the Major Integrity Pipelines Project. The project involved Mobil Producing Nigeria as the contracting company, Suffolk Petroleum Services Limited (SPSL) as the main contractor. Saipem Contracting Nigeria, Global Offshore Limited and Van Ord were the sub-contractors to SPSL. ....
ON THE GO Gbenga Daniel: I joined APC because it offers many options Gbenga Daniel, a former governor of Ogun, says he joined the All Progressive Congress (APC) because the party “offers too many options”.Advertisement Daniel spoke on Monday when he was received. Reps panel summons army chief, Emefiele over arms purchase A house of representatives committee has summoned Attahiru Ibrahim, chief of army staff (COAS), to clarify issues concerning arms purchase for the Nigerian army.Advertisement The ad hoc committee on arms. Akeredolu: Promoters of Oduduwa Republic are politicians who lost power Rotimi Akeredolu, governor of Ondo, says the state will not secede from Nigeria, adding that the advocates of Oduduwa Republic are politicians who lost out on power.Advertisement Sunday Adeyemo, popularly. ....
ADVERTISEMENT The Federal High Court, in Abuja, has ordered the arrest of Richard Laing, Managing Director, ExxonMobil Nigeria, according to the Economic and Financial Crimes Commission (EFCC) in a series of tweets on Wednesday. The EFCC stated in the tweets via its verified handle that the judge, Okon Abang, issued the bench warrant against Mr Laing following an application by the commission’s lawyer. The commission said it resorted to asking for the arrest warrant since Mr Laing allegedly ignored three successive invitations to answer to procurement fraud allegations. Court Gives EFCC Nod to Arrest Mobil Nigeria MD A Federal High Court, Abuja has given the Economic and Financial Crimes Commission, EFCC, the nod to arrest Mr. Richard Laing, Managing Director, ExxonMobil Nigeria. pic.twitter.com/CUZsj8pQrm ....
Truxton shares (Ticker: TRUX) were up slightly to $45.95 in midday trading Friday. They have risen slightly over the past six months.
The directors of FB Financial voted this week to hike the company’s quarterly dividend by more than 20 percent on the heels of reporting their fourth-quarter results. Downtown-based FB Financial will now pay investors 11 cents per shares each quarter, up from 9 cents. The move, which will become effective for investors as of Feb. 8, will life the stock’s dividend yield to about 1.2 percent based on Friday’s market action. The dividend decision by the parent of FirstBank comes shortly after a ....