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DIRTY FUEL CLAIMS: MATRIX ENERGY SLAMS N20B SUIT ON BUSINESSDAY, THECABLE, OTHERS

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Matrix Energy Limited has filed a N20 billion law suit in the Federal Capital Territory High Court against BusinessDay and The Cable over the claims that the indigenous oil company allegedly imported substandard petroleum products, which it claims are damaging to its reputation and business operations.

In the legal documents, Matrix Energy and its CEO, Abdulkadir Adisa Aliu, vehemently deny any collusion with Nigeria’s economic adversaries to import adulterated or low-quality fuel.

The company has refuted claims made in reports that it has been importing substandard petrol, particularly from Malta, and asserts that its products comply with all regulatory standards.

On August 17, 2024, Ibrahim Akinola, a spokesperson for Matrix Energy, responded to accusations published by the two media outlets and other online platforms, which suggested that the company was involved in illicit activities related to petroleum imports from Malta.

The controversy gained traction after Aliko Dangote, CEO of Dangote Refinery, alleged that some oil operators and Nigerian National Petroleum Corporation officials were using blending plants in Malta to import substandard fuel into Nigeria.

NNPC Group CEO Mele Kyari has since denied any such involvement, stating unequivocally that neither he nor the corporation operates a refinery or blending plant in Malta.

Kyari has vowed to pursue legal action against any NNPC staff found to be involved in such activities.

Matrix Energy’s lawsuit, filed on August 21, 2024, demands a retraction of the alleged libellous reports and seeks over N10 billion in damages.

Also joined in the matter with suit number CV/3718/2024 and CV/3719/2024 are the authors of the alleged offensive reports; Olalekan Fakoyejo and Abubakar Ibrahim.

The company’s legal representative, Ahmed Raji SAN, contends that the media organizations in question published the reports maliciously and without factual basis.

Raji further highlighted that Matrix Energy, as a member of the Presidential Economic Coordination Council, is committed to upholding the highest standards in its operations and legal conduct.

In a statement, Matrix Energy defended its right to source products globally, asserting that it adheres to Nigerian and international laws.

“Our CEO, Abdulkabir Adisa, is entitled to trade freely and associate as he deems fit. We are committed to providing quality products and are not aware of any ban on importing legitimate products,” the company said.

The sudden increase in Nigeria’s petroleum imports from Malta —reaching $2.8 billion in 2023— has sparked concerns and scrutiny, especially given the absence of such imports in the previous years.

The court will now review the evidence presented and determine the validity of the claims against the media organizations, balancing the interests of justice with the freedom of the press.

Aliko Dangote’s allegations about blending plants in Malta have been met with firm denials from Mele Kyari, who insists that neither he nor the NNPC has any business operations in Malta.

The court proceedings will examine the accusations and counterclaims to determine the appropriate legal course.

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Former Governor Ifeanyi Okowa, Spends Second Night In EFCC’s Cell Over N1.3 Trillion Alleged Fraud

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Immediate past governor of Delta State, Ifeanyi Okowa, who was arrested and detained by the Economic and Financial Crimes Commission (EFCC) has spent second night in the custody of the anti-graft commission.

 

Okowa is currently being investigated and detained over the alleged diversion of N1.3 trillion.

 

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

 

According to sources within the commission, Okowa was invited to the EFCC office in Port Harcourt, Rivers State, where he’s subsequently detained by officials.

 

One of the sources stated, “Okowa was at our Port Harcourt office following an invitation from investigators probing the allegations against him. He was then arrested. The commission is investigating him regarding the N1.3 trillion 13% derivation fund from the federation account between 2015 and 2023.

 

“He is also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas. He reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project. The funds are alleged to have been misappropriated for other purposes.

Investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State. He is currently being held at the EFCC facility in Port Harcourt.

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Lagos Government Shuts Down Redeemed Church, Celestial Church, Clubs, Event Centres Over Noise Pollution

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The Lagos State government has shut down a branch of Pastor E. A. Adeboye’s Redeemed Christian Church of God, a Celestial church, nightclubs and event centres over noise pollution.

The Commissioner for Environment and Water Resources, Tokunbo Wahab, who made this known on Wednesday, said the churches, clubs and event centres were sealed on Tuesday by the Lagos State Environmental Protection Agency (LASEPA) in the Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota areas of the state.

The sealed establishments include: Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Lounge & Lodging, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.

The commissioner in a post on X said, “In a bid to address noise pollution and other environmental violations, the Lagos State Environmental Protection Agency (LASEPA) took action yesterday, closing down several establishments across different parts of the state.

“This enforcement drive, focusing on areas like Ogudu, Gbagada, Iyana Ejigbo, Isolo, Ajao Estate, Oshodi, Ilasamaja, and Okota, is part of LASEPA’s continuous efforts to uphold environmental standards and safeguard public health.

“The affected establishments include Honourable Lounge & Lodging, Redeemed Christian Church of God, Celestial Church of God, OMA Nightclub and Lounge, Bridge Spot Bar, Okiki Event Center and Hall, Emota Paradise Hotel (Phase 2), CF Hotel & Suites, House 27 Hotel & Suites, Echo Spring Hotel, and Smile T Continental Hotel.”

 

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Gen. Taoreed Lagbaja: Tinubu directs flags be flown at half-mast

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President Bola Tinubu has directed that Nigeria’s national flags be flown at half mast for seven days across the country to mourn the passing of the late Chief of Army Staff, Lt. Gen. Taoreed Lagbaja.

The late Army chief, who was appointed by Tinubu on 19 June 2023, was said to have passed away on Tuesday night after a prolonged illness.

The Secretary to the Government of the Federation, George Akume, in a statement on Wednesday by his office Director of Information & Public Relations, Segun Imohiosen, said the president expressed regret over Lagbaja’s death.

Akume said, “President Bola Tinubu has expressed regret following the death of the Chief of Army Staff, Lieutenant General Taoreed Abiodun Lagbaja, after a brief illness at the age of 56.

“The President has directed that national flags be flown at half mast throughout the country for seven days in honour of the departed Army chief.

“He profoundly appreciates the services of the departed to the nation and wishes the family the fortitude to bear the great loss.”

Meanwhile, the Ministers of Defence, Mohammed Badaru and Bello Matawalle, have commiserated with the president, the military, and Lagbaja’s family over his death.

In a statement by the Ministry’s spokesperson, Henshaw Ogubike, the ministers described Lagbaja’s death as a great loss to his family, the Army, and the nation at large.

“The passing on to eternal glory shocked us at the Ministry of Defence, as our working relationship with him was commendable; he exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.

“The late Chief of Army Staff contributed significantly to internal security operations across Nigeria and also exhibited a high level of professionalism.

“He will be greatly missed by the family, the military, and the nation, as he served the nation with commitment and dedication,” the statement added.

 

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