News
S’Court Reserves Ruling In Union Bank’s Suit Against $15bn Judgment Debt …Queries Prosecutor’s Authority To Try Convicted Ex-Pension Director
The Supreme Court, yesterday, in Abuja, reserved ruling on a motion by Union Bank Plc seeking among others, leave to appeal against a June 5, 2018 judgment of the Court of Appeal in which the bank and three others were ordered to pay an oil and gas firm – Petro Union Limited – about $15billion.
A five-member panel of the apex court, led by Justice Musa Dattijo Muhammad, after listening to arguments by lawyers to parties, said they would be informed when the ruling was ready.
Union Bank’s lawyer, Adegboyega Awomolo (SAN) while arguing the motion, said it contains nine reliefs, among which was an order for leave for extension of time to file appeal and another order for leave to appeal under Order 6 Rule 2(1) of the Supreme Court’s Rules.
Awomolo said his clients seek to raise fresh grounds of appeal and introduce new evidence necessary for a fair and just determination of the court.
He noted that it was strange that, while the judgments of the Federal High Court, Abuja (delivered on March 11, 2014) and the subsequent one by the Court of Appeal (which affirmed the Federal High Court judgment) were based on a £2.556b cheque alleged lodged in Union Bank by Petro Union, the said cheque was never tendered in court.
Awomolo said his client intends to show that Petro Union obtained both judgments by fraud.
He noted that Petro Union’s lawyer, Joe Gadzama (SAN) was only opposed to the grant of reliefs four and six out of the nine reliefs.
He urged the court to disregard the objection raised by Petro Union against his motion and prayed the court to grant his motion on the merit.
Olabisisi Soyebo (SAN) for the Central Bank of Nigeria (CBN) and Tijani Gazali (SAN) for the Attorney General of the Federation and Minister of Finance did not object to Union Bank’s motion.
Soyebo and Gazali, who said they did not file any process in relation to the motion, urged the court to grant it in view of the colossal amount involved and its possible implication on the nation’s economy.
Gadzama, in his response, said he vehemently opposed the motion factually and in law.
He urged the court to uphold the objection he raised and dismissed the motion on the grounds that Union Bank has not given valid and cogent reasons why leave should be granted it.
Earlier, the court finally resolved the dispute over who should represent Petro Union between Gazama and Onyechi Egwuonwu.
The court said, by its earlier ruling on July 6, 2021, it had found that Gadzama was the actual lawyer for Petro Union. It then barred Egwuonwu from further participating in the proceedings.
Petro Union had, in 1994 allegedly procured a cheque from a branch of Barclays Bank in the United Kingdom with a value of £2.556b wich it lodged in a Union Bank branch in Lagos under the pretext that the funds were to be used to construct three petrochemical refinery complexes and a bank in Nigeria.
On March 22, 2012, Petro Union sued at the Federal High Court, Abuja and sought, among others, an order of mandamus compelling the CBN, Union Bank of Nigeria Plc, Minister of Finance and the Attorney-General of the Federation to pay £2,556,000,000.00 to it.
In the suit, marked FHC/ABJ/M/104/2012 Petro Union claimed that the money was deposited with Union Bank in 1994n adding that Union Bank received £2,556,000,000.00 on its behalf and transferred £2,159,221,318.54 to the CBN while it retained £396,778,681.46 as commission.
The defendants – Union Bank, CBN, Minister of Finance and AGF – in their separate counter-affidavits, denied Petro Union’s claims.
But, in the March 11, 2014 judgment, Justice Adamu Abdu-Kafarati of the Federal High Court, Abuja (now late) held in favour of Petro Union and their directors against the defendants.
Justice Kafarati held, among others, that Union Bank was liable to Petro Union in the sum of £396,778,681.46 being the balance of Petro Union’s foreign capital which it supposedly deposited with the Bank in 1994 and that the CBN was liable to the oil firm for the sum of £2,159,221,318.54.
The liabilities were held by the court to be joint and several against all the four defendants – CBN, Union Bank, Minister of Finance and AGF.
Out of the four defendants, only Union Bank and the CBN appealed the judgment of the Federal High Court.
On June 5, 2018, the Court of Appeal, Abuja gave judgment in the appeal by Union Bank and upheld the judgment by Justice Kafarati.
It is yet to determine the appeal by the CBN.
Similarly, the Supreme Court, yesterday, demanded from the law firm of Rotimi Jacobs and Co the fiat issued to it by the Attorney General of the Federation (AGF) to prosecuted John Yakubu Yusufu, who was convicted for diverting N24billion.
Yusufu, a former Deputy Director in the Federal Civil Service Pension Office, who is serving his six-year sentence, appealed to the Supreme Court to have the 2018 judgment of the Court of Appeal, Abuja set aside.
At the mention of the case, yesterday, Theodore Maiyaki announced an appearance for the appellant.
When Oluwaleke Atolagbe (from the firm of Rotimi Jacobs & Co) announced appearance for the respondent (the Federal Republic of Nigeria), a member of the court’s five-justices panel, Justice Centus Nweze sought to know if he (Atolagbe) was from the office of the Attorney General of te Federation (AGF).
Atolagbe said he is a private lawyer from, whose firm was instructed by the Economic and Financial Crimes Commission (EFCC) to prosecute the case from the trial court.
Justice Nweze insisted that Atolagbe must present the fiat issued is firm by the AGF before further steps could be taken in the case.
When asked by the head of the panel, Justice Musa Dattijo Muhammad, if he has the fiat with him in court, Atolagbe said no, but that a letter from the EFCC, authorising his firm to prosecute the case, was in the office.
In a ruling, Justice Muhammad said, although the court sympathised with the appellant (who Maiyaki said was currently in a correctional facility), further proceedings in te case would be suspended pending when the respondent produces the fiat issue on which basis it prosecuted the case.
Justice Muhammad then adjourned January 27, 2022 at the instance of the respondent.
Justice Abubakar Talba of the High Court of the Feral Capital Territory (FCT) had, in a judgment on January 28, 2013 convicted Yusufu on a three-count charge to which he pleaded guilty following a plea bargain agreement with the prosecuting agency, the Economic and Financial Crimes Commission (EFCC).
Justice Talba had sentenced him to two years imprisonment on each count, with the option of N250,000 for each count, a decision the EFCC appealed.
In its judgment on March 21, 2018 the Appeal Court reversed the judgment of the High Court of the FCT and sentenced Yusufu to a cumulative six years imprisonment.
The appellate court then ordered to refund N22.9 billion to Federal Government’s coffers, a decision e appealed to the Supreme Court.
Although the Appeal Court’s judgment was given in 2018, Yusufu remained a free man until June 2020 when the EFCC arrest announced that its operatives arrested him in Gombe State.
He was later taken before Justice Hussein Baba-Yusuf of the High Court of the FCT, who on June 22, 2020 ordered him to be sent to prison to serve his sentence.
News
Zabbey Emerges Social Impact Man Of The Year 2025 Reaffirms Commitment To Ogoni Transformation
The Project Coordinator of the Hydrocarbon Pollution Remediation Project (HYPREP), Prof. Nenibarini Zabbey, has been named Social Impact Man of the Year 2025 by Daily Independent Newspapers.
The award was presented at the Independent Awards 2025 Silver Jubilee Edition held at Eko Hotels and Suites, Lagos, as part of activities marking the organisation’s 25th anniversary of editorial excellence.
Managing Director and Editor-in-Chief of Independent Newspapers, Steve Omanufeme, said the award recognises individuals who have demonstrated exceptional leadership and transformative impact in their respective fields. He explained that recipients emerged through a rigorous process involving public voting, editorial board scrutiny, and assessment by a panel of judges.
Omanufeme noted that Zabbey’s selection reflects his outstanding contributions to environmental restoration and community development in Ogoniland through the Ogoni cleanup project.
With over two decades of experience spanning research, advocacy, capacity development, and administration, Zabbey has, within three years of leading HYPREP, implemented people-focused initiatives aimed at improving livelihoods and restoring degraded ecosystems.
Under his leadership, the project has reportedly created more than 7,000 direct jobs and facilitated the training of thousands of youths and women in high-demand skills, including mechatronics, cybersecurity, commercial diving, underwater welding, and data analytics.
HYPREP has also trained over 5,000 beneficiaries across 21 vocational skill areas, providing start-up kits to support entrepreneurship and economic empowerment.
In the area of environmental sustainability, the agency has established 31 environmental clubs in secondary schools and trained 2,500 youths with International Maritime Organization (IMO) certification to support shoreline cleanup and mangrove restoration efforts.
The project has recorded significant ecological milestones, including the cleanup of over 1,000 hectares of shoreline and restoration of 560 hectares of mangroves. This progress contributed to the designation of Ogoni mangrove wetlands as a Ramsar Site of international importance.
Beyond environmental remediation, HYPREP has expanded its social intervention programmes to include educational grants and scholarships for over 1,000 students, support for small and medium-scale enterprises, and skills training for persons living with special needs.
Infrastructure and healthcare development have also featured prominently, with ongoing projects such as the Ogoni Specialist Hospital, a Cottage Hospital, the Ogoni Power Project, and the Centre of Excellence for Environmental Restoration. The agency has further strengthened emergency healthcare delivery by donating five ambulances to medical facilities in the region.
Additionally, potable water has been provided to more than 40 communities, alongside the construction of wind-powered water systems in underserved areas.
Speaking on the award, Zabbey described it as a validation of HYPREP’s integrated approach to environmental restoration, healthcare improvement, and economic empowerment.
“We remain committed to delivering a cleanup that not only restores the environment but also improves livelihoods in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu,” he said.
HYPREP, in a statement, expressed appreciation to the management of Independent Newspapers for the recognition, the Federal Ministry of Environment for its oversight role, and the Ogoni communities for their continued support and collaboration.
The agency was established by the Federal Government of Nigeria to implement the recommendations of the United Nations Environment Programme (UNEP) report on Ogoniland and restore areas impacted by oil pollution.
By: Donatus Ebi
News
Supreme Court Awards N2m Cost Against Cassidy Ikegbidi, Others For Violating Court Orders
The Supreme Court of Nigeria has awarded a total cost of ¦ 2 million against High Chief Cassidy Ikegbidi and other appellants in the protracted Eze Igbu Akoh II chieftaincy dispute, citing abuse of judicial process and disobedience of subsisting court orders, in a ruling that underscores growing judicial intolerance for procedural delays in long-running traditional leadership cases.
The decision, delivered on March 16, 2026, in Abuja by a five-man panel of the apex court led by Justice Mohammed Lawal Garba, arose from a series of applications filed by High Chief Cassidy O. W. Ikegbidi and others against HRH Eze Godspower Okorobia Okpagi and seven others, in a dispute over the rightful occupant of the Eze Igbu Akoh II stool in Igbu Akoh Kingdom of Ekpeye ethnic nationality in Ahoada East Local Government Area of Rivers State.
Court proceedings revealed that the appellants had filed multiple motions before the Supreme Court, including an application seeking injunctive relief and another seeking leave to amend a ground of appeal. However, both applications were later withdrawn by the appellants after the respondents had already filed responses and appeared in court on several occasions.
Although counsel to the respondents did not oppose the withdrawal of the applications, they strongly urged the court to award costs, arguing that the appellants’ conduct had led to unnecessary delays and avoidable legal expenses. The respondents maintained that the repeated filing and subsequent withdrawal of applications amounted to a deliberate attempt to frustrate the judicial process.
In its ruling, the Supreme Court struck out the withdrawn applications but took a firm stance on the conduct of the appellants, holding that their actions constituted an abuse of court process. The court further noted that the appellants had acted in violation of subsisting injunctive orders earlier issued by the High Court and upheld by the Court of Appeal, a development that weighed heavily in its decision to impose sanctions.
Consequently, the apex court awarded a lump sum cost of ¦ 2 million against the appellants in favour of the 1st to 5th respondents as a punitive and deterrent measure, reinforcing the principle that litigants must approach the court with sincerity and respect for existing judicial orders.
The ruling, however, is strictly procedural and does not resolve the substantive issue of who is the rightful Eze Igbu Akoh II. Rather, it deals only with interlocutory applications that were brought before the court and subsequently withdrawn, leaving the core dispute to be decided at a later date.
The chieftaincy tussle, which has lingered for years, can be traced back to a judgment delivered on March 14, 2018, by the High Court sitting in Ahoada, presided over by Justice T.S. Oji, which reportedly ruled in favour of Eze Godspower Okorobia Okpagi. Dissatisfied with the outcome, the opposing parties pursued appeals, leading to a prolonged legal battle that moved through the Court of Appeal in Port Harcourt and eventually to the Supreme Court.
While Eze Okpagi has consistently maintained that he is the only duly elected candidate for the Eze Igbu Akoh II stool, according to the customs and traditions of the Ekpeye ethnic nationality, as well as based on favourable court rulings, High Chief Cassidy Ikegbidi has continued to lay claim to the stool, a situation that has deepened tensions and prolonged uncertainty within the kingdom.
The immediate implication of the Supreme Court’s ruling is that the appellants have lost all pending interim reliefs, having withdrawn their applications, and now have no active motion before the apex court capable of altering the current legal position. More importantly, the injunctions granted by the High Court and affirmed by the Court of Appeal remain valid and binding, as they were neither set aside nor suspended by the Supreme Court.
This effectively places the respondents in a stronger position for now, as they continue to benefit from the subsisting judgments of the lower courts pending the final determination of the appeal. In contrast, the appellants must comply with the ¦ 2 million cost order and face a prolonged wait before the substantive issues in the case are heard.
Following the resolution of all pending applications, the Supreme Court adjourned the substantive appeal to March 19, 2029, a development that has generated mixed reactions among stakeholders, given the already lengthy duration of the dispute. The adjournment means that the final determination of the rightful occupant of the traditional stool will not be made for several more years, further extending a legal battle that has spanned nearly a decade.
Reacting to the ruling, Eze Godspower Okorobia Okpagi maintained that the decision reinforces the validity of earlier judgments in his favour, particularly as the Supreme Court declined to grant any relief that would have altered the status quo. He argued that the dismissal and withdrawal of the appellants’ applications confirm that the orders of the lower courts remain in full effect.
He further alleged that the appellants had taken steps inconsistent with those orders and accused them of employing delay tactics to prolong their hold on the situation, insisting that High Chief Ikegbidi should desist from parading himself as the Eze Igbu Akoh II pending the final determination of the appeal.
Legal observers note that chieftaincy disputes in Nigeria often become protracted due to their sensitive nature and the high cultural and political significance attached to traditional institutions, as well as the frequent filing of appeals and interlocutory applications that slow down the judicial process.
News
PETOOP Inaugurates State Executives In PH
A support group, Peter Obi Our President (PETOOP), has inaugurated its members and state executives from Rivers, Bayelsa and Cross River States in Port Harcourt, the Rivers State capital, with a renewed call to mobilise grassroots support ahead of the 2027 general elections.
The inauguration ceremony, held on Saturday, drew a large crowd of supporters and stakeholders from different walks of life, underscoring the growing political engagement around the group’s activities.
PETOOP said its core objective is to galvanise Nigerians across regions to support the presidential ambition of former Anambra State governor, Peter Obi, in the 2027 elections.
Chairman of the occasion, Dr. Okelechukwu Benjamin Okuolu, a former senatorial candidate for Rivers East under the Labour Party, described the group as a broad-based movement open to all Nigerians seeking good governance, stressing that it is not a political party.
Represented by Christian Ojukwu, Okuolu urged members to remain committed and make necessary sacrifices toward achieving credible leadership in the country. He expressed optimism about Obi’s chances in the next election cycle, citing what he described as the former governor’s leadership qualities.
Referring to the 2023 general elections, Okuolu encouraged members not to be discouraged by past challenges, but instead remain resolute and vigilant in future electoral processes.
He also commended the National Convener of PETOOP, Chief Magnus Oraka, for his mobilisation efforts aimed at fostering a better Nigeria.
In his remarks, Oraka called on members to remain courageous and steadfast, linking Nigeria’s economic challenges to what he described as leadership deficiencies.According to him, effective governance requires competence, foresight and experience in managing resources, urging Nigerians to prioritise these qualities in future leadership choices.
Also speaking, the Rivers State Coordinator of PETOOP, Mrs. Becky Napoleon, said the group represents a collective movement driven by conviction and a shared vision for national transformation.
She noted that the initiative is focused on inspiring action and generating practical solutions to the country’s challenges through unity and purposeful engagement.
“Our coming together is based on personal conviction and a shared belief in a better future for our country and generations to come,” she said, adding that meaningful transformation requires collective effort.
The Bayelsa State Coordinator, Mr. Ijaja Alabi, also addressed participants, aligning with the group’s message of unity and commitment to national development.
The event marks a significant step in PETOOP’s expansion efforts across the South-South region as it intensifies mobilisation activities ahead of the 2027 elections.
