Connect with us

Law & Crime

Published

on

Renaissance MD, Attah at Nigerian Content Lecture, Predicts Merger of Operators, Outlines Funding Instruments for Projects

By David Owei,Bayelsa

Managing Director of Renaissance Africa Energy Company Limited, Engr. Tony Attah has predicted that many indigenous oil and gas operators in Nigeria will within the next decade consolidate strategically and form consortiums to take advantage of emerging opportunities.
He delivered a presentation at the Nigerian Content Academy Lecture on Thursday, entitled “Finding Funds for Effective and Efficient Local Content Initiatives – IPPG Perspective,” and projected that “five big Nigerian independent oil companies will emerge in the next 10 years in Nigeria. The future of this industry and business in the world is about collaboration.”
He lauded the significant growth in the operational and funding capacities of indigenous operating companies, resulting in their successful acquisition and operation of fields recently divested by some international operating companies (IOCs).
He observed that “when IOCs leave matured basins in other climes, international independents take over from them. But Nigerian independents take over in Nigeria. That transition is showing value today. More than 50 percent of Nigerian crude oil production is associated with independents. I see a future where more Nigerian independents would have to consolidate. Renaissance here, Seplat is here. The consolidation would have to be among the others to create the other three or five.”
He shared insight on the successful formation of Renaissance Energy by a consortium of four Nigerian, and one international companies, namely ND Western Limited; Aradel Energy Limited; Waltersmith Petroleum Development Company Limited; First Exploration and Petroleum Development Limited; and Petrolin Trading Limited. He attributed the success of the deal to enduring collaboration, tenacity and ambition among the founding companies.
Engr. Attah, a former Managing Director of Nigeria LNG Limited and Shell Nigeria Exploration and Production Company (SNEPCo) also outlined veritable funding mechanisms which players in the African energy sector could deploy to navigate global funding and operational challenges.
He dwelt exhaustively on Capital Markets/Stock Exchange Listing; Private Equity and Eurobond; Strategic Partnerships/Joint Venture Structures and International Oil Company (IOC) Carry Arrangements; Prepayment/Offtake Financing, and Bank Facility.
He underscored the need for “Bankability Criteria,” under which he listed proven reserves, financial covenant (minimum coverage ratio over the loan life), governance and transparency, stable production profile, hedging strategy (robust hedging to protect against downside price risk), operator track record, and proven Health Safety and Environment (HSE), uptime, and production execution track record.
He disclosed that industry players need an operational mindset anchored on a creedal mantra – ABC (Ambition, Belief (in that Ambition) and Courage) – as they set about exploring the different funding mechanisms available. He noted that “finding a solution to funding gaps is a big opportunity in itself,” while encouraging industry players to ensure that their organisations have structure, guarantee, and system.
He advised all indigenous players to guard against weak business models, excessive focus on projected profits, and weak balance sheets. “Without structure, governance and ambition, nobody will finance you,” he stated.
The Renaissance CEO expressed appreciation for the emergence of the African Energy Bank, established by the African Petroleum Producers’ Organisation (APPO) and the African Export-Import Bank (Afreximbank), with significant financial backing by the Nigerian Content Development and Monitoring Board (NCDMB), but called for more of similar initiatives, stating that the Bank is yet to attain the level of financial capability to meet the continent’s industry funding requirements.
“Accelerating Africa’s energy financing is a challenge,” he noted, pointing out that “equity financing is not everything,” and that the industry operator has to be clear about what he is also bringing into the business. His belief is that Africa needs to do business with Africa.
Engr. Attah declared that local content in Nigeria is “no longer a policy aspiration; it is a capital execution challenge,” while urging indigenous players to embrace the ABC creed and work toward achieving targets for growth and expansion, bearing in mind that “without adequate funding, newly acquired assets will under-invest.” According to him, “You need the mindset of creating value; money will come,” as “capital follows value.”
In the Question-and-Answer segment, the former Director of the Nigerian Content Academy, Dr. Ama Ikuru, remarked that independents (indigenous upstream operators) have been remiss in fulfilling their obligations to their vendors, repeatedly failing to pay them when due. To that, Engr. Attah responded by advising independents against acts that would diminish their brand. He urged them to always fulfill contractual obligations. “Your business will not grow if you keep owing,” he warned.
The former Vice Chairman of the Petroleum Technology Association of Nigeria (PETAN) and Executive Chairman of Radial Circle Group, Engr. Ranti Omole, inquired what Renaissance and other successful Independents could do to boost prospects of growth among service companies. The Guest Lecturer assured of rewarding business engagements.
Professor Babs Oyeniyi, who participated from Edinburgh, United Kingdom, wondered why Nigeria’s oil and gas industry appears stuck with old, retired industry employees, continually inviting them to provide critical services. Engr. Attah attributed the trend, which he described as worldwide, to shifting interests and attention as youths today are moving into areas of Artificial Intelligence/Robotics, and fewer and fewer technically competent hands in the country.
Earlier in her opening remarks, the General Manager, Nigerian Content Academy, NCDMB, Ms. Doris Opuwari, had noted that funding constraints have for so long constituted barriers to growth and expansion among indigenous players in the industry, expressing hope that the Guest Lecturer of the day, Engr. Attah was eminently qualified to point the way forward.
In a goodwill message/closing remarks, the Director, Corporate Services, NCDMB, Dr. Abdulmalik Halilu, thanked Engr. Attah for a thoroughly researched and exhaustive work on the subject which he believed would be most beneficial to industry players. He also thanked the nearly 200 participants at the zoom event for their interest and sustained attention.

Law & Crime

Abuja land: Jordan Nyesom-Wike never admitted receiving $2.1m from anyone -Onoja

Published

on

By

Ogwu Onoja SAN,

By Our Correspondent

A Senior Advocate of Nigeria (SAN), Dr James Ogwu Onoja has warned social media commentators and bloggers to stop dishing out false narratives in a $2.1 million civil suit instituted against Barrister Jordan Nyesom Wike by one Safwan Garba in respect of Abuja land matter.

The lawyer warned that any commentator and blogger who continued the false narration in respect of court proceedings in the matter, would be susceptible to both criminal and civil actions for malicious falsehood, cyberbullying, slander and libel.

The reaction of Onoja SAN, lead counsel to Jordan Nyesom Wike was provoked by an interview granted by I. G Wuru, a lawyer to Safwan Garba, where he reportedly insinuated that Jordan Nyesom Wike admitted receiving the disputed $2.1 million from the plaintiff.

Social media commentators, especially Martins Vincent Otse known as Very Darkman (VDM) and bloggers were said to have been feasting on the falsehood, spreading it to unsuspecting members of the public.

In a statement on Friday in Abuja, Ogwu Onoja SAN, in setting the record straight, explained that his client (Jordan Nyesom Wike) never at any time admitted receiving any money from Safwan Garba as alleged by lawyer Wuru.

He warned that those who have made publications, conclusions, insinuations and casted aspersions that have drawn attention subject of the court case should take down that such publications, statements and conclusions as same are palpably unfounded

The statement read: “Our attention has been drawn to stories on series of blogs, comments and conclusions on social media by mischief makers and promoters of falsehood, attributed to the media briefing and interview granted by I.G. Waru, Esq., the lawyer to Safwan Garba, in respect of the suit he instituted against Jordan Wike presently pending at the High Court of the Federal Capital Territory, Abuja in Suit No: FCT/HC/CV/008/2026 and the court proceedings in relation thereto.

‘In the unverified reports, blog posts and commentaries as stated above, it was aired most maliciously that Jordan Wike admitted receiving $2.1 million for Abuja property. This particular story circulated by Sahara Reporters and Very Darkman (VDM) is most reprehensible.

“It is also sad that other media platforms such as Port Harcourt Specials, The Cable, Ogoni Times, Magic FM Aba, Information Nigeria, Kalabari TV, Sorosoye Gossip, Edo Updates and many more, on a daily basis continue to peddle this falsehood thereby tarnishing the reputation and image of Jordan Wike.

“This haze of lies and malicious fabrication appears to be an orchestrated media campaign intended to whip up sentiments, compromise the mind of the public and intimidate the judge.

“For the records, Jordan Wike in his defence before the court stated in an unequivocal terms that he has never met Safwan Garba G.Y. or any of his agents at any time. He maintained this line of defence while giving evidence in court on the 28th and 30th September, 2026.

“One therefore wonders why a lawyer would grant interviews to misrepresent what transpired in stop false narrative weeks after the court proceedings.

“It is baffling that this interview by I.G. Waru was granted this week at the Federal High Court, Abuja close to a month of the court proceedings at the FCT High Court and is clearly the source of defamatory comments, unfounded claims and unproven conclusions being made on social media by ignorant members of the public.

“As lawyers to Mr. Jordan Wike, we hitherto refrained from making any statement since the matter is subjudice. However, after taking a critical look at the daily name calling of this young man and the barrage of lies and misrepresentation by gullible people who believe anything without verifying the facts, it therefore becomes most cogent and imperative to clear the air on these poignant issues.

“Safwan Garba G.Y, instituted this action in court but it appears he is not contented with letting the court determine the matter. It is our opinion that in view of the pending proceedings in court, it behoves the lawyers representing both parties to maintain proper professional posture rather than resort to underhand measures using the media to craft false narratives intended to paint a different picture from what has so far transpired in court in order to mislead the public.

“One key point to note is that, contrary to the news making the rounds regarding the petition to the EFCC, we as lawyers to Jordan Nyesom-Wike exhibited the said letter to unearth the inconsistencies in the stories and claims of Safwan Garba G.Y and his lawyers.

“This is because Safwan Garba G.Y kept that vital documents away from the court by not referring to same in his pleadings. He also failed to follow up with the EFCC having realized that the lies he told in the said letter were too conspicuous even for the blind to see.

“In view of the above, we urge the general public to disregard the vicious and barefaced lies of Safwan Garba G.Y. and flagrant misrepresentation of his lawyer, I.G. Waru, Esq. whose conduct is apart from being contemptuous is copiously unethical.

“Any member of the public, bloggers or media houses who continue to propagate this blatant falsehood against the person of Jordan Nyesom-Wike will be susceptible to both criminal and civil actions for malicious falsehood, cyberbullying, slander and libel.

“Those who have made publications, conclusions, insinuations and casted aspersions that have drawn attention subject of this piece should take down with alacrity such publications, statements and conclusions as same are palpably unfounded.

“The general public is to take note and be guided accordingly.”

Continue Reading

Law & Crime

Panel on death of 37dead illegal Miners: Commissioner alleges NSCDC goes beyond its official role of engagement

Published

on

By

Mr. Maurice Bello Magaji

By Uthman Baba -Naseer,Minna

The Commissioner for Homeland Security in Niger State Mr. Maurice Bello Magaji has alleged that the operatives of Nigeria Security and Civil Defence Corps (NSCDC) are going beyond their official responsibility in their role of engagement.

He told the Justice Mohammed Mohammed Judicial Commission of Inquiry investigating the death of 37 suspected illegal miners in the custody of NSCDC that their mode of official conduct is uncivil and they should be more professional in the discharge of their duty.

According to the Commissioner, the men of the NSCDC needed more orientation in their mode of operation as security outfit stating that the revelations from the survivors of the NSCDC causality to “ our committee is so embarrassing and they needed more orientations in their official conducts”

“ My Lord. The information we received from the survivors in our committee as regards to the manner and the way the NSCDC carried out their operations could best be described as unprofessional and they need to be called to order” Maurice Magaji told the Commission.

He told the Commission that the excess of the NSCDC in their operational conduct does not portray the operatives of the NSCDC as security outfit warning that they should operate within the ambit of the law that established them.

“ The NSCDC was established under an enabling Act. But they operate outside the Act and the law establishing them. They should operate in accordance with the Act that established them. Their excesses in their operational conduct is unprofessional” he added.

Maurice Magaji who testified as the Commissioner for Home Security and the secretary Niger State committee of Investigation on the matter informed the commission the response of their committee to the incident and the stage of their investigation, challenging the mode of arrest and operation of the civil defence corps in the state.

He confirmed that on the 17th,of September,2026 he received a phone call from the suspended Commandant of the NSCDC in Niger State,Siayaka Zubeiru Aniriviye on the death of the 37 suspected illegal miners in the custody of the Command.

He stated that upon the receipt of the report,” I put a call to my boss,the governor, on the report I got from the suspended Commandant of the NSCDC.

“ The governor then directed that their bodies should be evacuated to the hospital,the suspended Commandant then told me that he needed some logistics to transport them to the hospital.

“ I then contacted my permanent secretary and raised some funds for transporting them to the hospital, “ the Commissioner told the Commission.

Head of civil defence operations Deputy Commander of Corps John Abraham narrated to Justice Mohammed Mohammed nine member commission of inquiry how they carried out the operation which led to the arrest of the 69 miners on the directives of the suspended commandant of the Corp Siaka Subairu Aniviye.

He maintained that after the arrest they handed over the suspects to the department of intelligence and investigation for further action.

Area Commander Mokwa Assistant commander of Corp Adebayo Tajuddeen and ASC Mamman Ibrahim testified in relation to the arrest, investigation and detention of Emmanuel Emeka who was detained six days and died alongside the suspected illegal miners.

They testified how they illegally arrested the boy, collected money for his detention and court warrant and as well clarified on the whereabouts of 1.4 Million Naira allegedly recovered from the 12 Million Naira in question.

However Wilfred Ugwu, the employer of late Emmanuel who reported him to the civil defence also
testified on their relationship with Emmanuel and how he accused Emmanuel of siphoning his business money to the tune of 12 Million Naira.

Continue Reading

Law & Crime

Abuja land: Jordan Nyesom-Wike never admitted receiving $2.1m from anyone -Onoja

Published

on

By

By Our Correspondent

A Senior Advocate of Nigeria (SAN), Dr James Ogwu Onoja has warned social media commentators and bloggers to stop dishing out false narratives in a $2.1 million civil suit instituted against Barrister Jordan Nyesom Wike by one Safwan Garba in respect of Abuja land matter.

The lawyer warned that any commentator and blogger who continued the false narration in respect of court proceedings in the matter, would be susceptible to both criminal and civil actions for malicious falsehood, cyberbullying, slander and libel.

The reaction of Onoja SAN, lead counsel to Jordan Nyesom Wike was provoked by an interview granted by I. G Wuru, a lawyer to Safwan Garba, where he reportedly insinuated that Jordan Nyesom Wike admitted receiving the disputed $2.1 million from the plaintiff.

Social media commentators, especially Martins Vincent Otse known as Very Darkman (VDM) and bloggers were said to have been feasting on the falsehood, spreading it to unsuspecting members of the public.

In a statement on Friday in Abuja, Ogwu Onoja SAN, in setting the record straight, explained that his client (Jordan Nyesom Wike) never at any time admitted receiving any money from Safwan Garba as alleged by lawyer Wuru.

He warned that those who have made publications, conclusions, insinuations and casted aspersions that have drawn attention subject of the court case should take down that such publications, statements and conclusions as same are palpably unfounded

The statement read: “Our attention has been drawn to stories on series of blogs, comments and conclusions on social media by mischief makers and promoters of falsehood, attributed to the media briefing and interview granted by I.G. Waru, Esq., the lawyer to Safwan Garba, in respect of the suit he instituted against Jordan Wike presently pending at the High Court of the Federal Capital Territory, Abuja in Suit No: FCT/HC/CV/008/2026 and the court proceedings in relation thereto.

‘In the unverified reports, blog posts and commentaries as stated above, it was aired most maliciously that Jordan Wike admitted receiving $2.1 million for Abuja property. This particular story circulated by Sahara Reporters and Very Darkman (VDM) is most reprehensible.

“It is also sad that other media platforms such as Port Harcourt Specials, The Cable, Ogoni Times, Magic FM Aba, Information Nigeria, Kalabari TV, Sorosoye Gossip, Edo Updates and many more, on a daily basis continue to peddle this falsehood thereby tarnishing the reputation and image of Jordan Wike.

“This haze of lies and malicious fabrication appears to be an orchestrated media campaign intended to whip up sentiments, compromise the mind of the public and intimidate the judge.

“For the records, Jordan Wike in his defence before the court stated in an unequivocal terms that he has never met Safwan Garba G.Y. or any of his agents at any time. He maintained this line of defence while giving evidence in court on the 28th and 30th September, 2026.

“One therefore wonders why a lawyer would grant interviews to misrepresent what transpired in stop false narrative weeks after the court proceedings.

“It is baffling that this interview by I.G. Waru was granted this week at the Federal High Court, Abuja close to a month of the court proceedings at the FCT High Court and is clearly the source of defamatory comments, unfounded claims and unproven conclusions being made on social media by ignorant members of the public.

“As lawyers to Mr. Jordan Wike, we hitherto refrained from making any statement since the matter is subjudice. However, after taking a critical look at the daily name calling of this young man and the barrage of lies and misrepresentation by gullible people who believe anything without verifying the facts, it therefore becomes most cogent and imperative to clear the air on these poignant issues.

“Safwan Garba G.Y, instituted this action in court but it appears he is not contented with letting the court determine the matter. It is our opinion that in view of the pending proceedings in court, it behoves the lawyers representing both parties to maintain proper professional posture rather than resort to underhand measures using the media to craft false narratives intended to paint a different picture from what has so far transpired in court in order to mislead the public.

“One key point to note is that, contrary to the news making the rounds regarding the petition to the EFCC, we as lawyers to Jordan Nyesom-Wike exhibited the said letter to unearth the inconsistencies in the stories and claims of Safwan Garba G.Y and his lawyers.

“This is because Safwan Garba G.Y kept that vital documents away from the court by not referring to same in his pleadings. He also failed to follow up with the EFCC having realized that the lies he told in the said letter were too conspicuous even for the blind to see.

“In view of the above, we urge the general public to disregard the vicious and barefaced lies of Safwan Garba G.Y. and flagrant misrepresentation of his lawyer, I.G. Waru, Esq. whose conduct is apart from being contemptuous is copiously unethical.

“Any member of the public, bloggers or media houses who continue to propagate this blatant falsehood against the person of Jordan Nyesom-Wike will be susceptible to both criminal and civil actions for malicious falsehood, cyberbullying, slander and libel.

“Those who have made publications, conclusions, insinuations and casted aspersions that have drawn attention subject of this piece should take down with alacrity such publications, statements and conclusions as same are palpably unfounded.

“The general public is to take note and be guided accordingly.”

Continue Reading

Latest

Uncategorized46 minutes ago

Shouts of Joy Rock the World As Postor Chris Opens Final Healing Streams Edition for 2026

By Our Correspondent Hundreds of millions participate in the global healing crusade as Pastor Chris ministers to the sick in...

Law & Crime11 hours ago

Abuja land: Jordan Nyesom-Wike never admitted receiving $2.1m from anyone -Onoja

By Our Correspondent A Senior Advocate of Nigeria (SAN), Dr James Ogwu Onoja has warned social media commentators and bloggers...

Law & Crime14 hours ago

Panel on death of 37dead illegal Miners: Commissioner alleges NSCDC goes beyond its official role of engagement

By Uthman Baba -Naseer,Minna The Commissioner for Homeland Security in Niger State Mr. Maurice Bello Magaji has alleged that the...

Law & Crime1 day ago

Abuja land: Jordan Nyesom-Wike never admitted receiving $2.1m from anyone -Onoja

By Our Correspondent A Senior Advocate of Nigeria (SAN), Dr James Ogwu Onoja has warned social media commentators and bloggers...

Politics2 days ago

Sea Incursion: Senate Demands Urgent Shoreline Protection As Ayetoro Community Faces Extinction

By our correspondent Senate on Thursday called for immediate and comprehensive shoreline protection to save Ayetoro community in Ilaje Local...

Uncategorized2 days ago

FG, labour meeting over fuel price, minimum wage, tax relief, others, deadlock, as NLC orders affiliates to be on alert.

By Our Correspondent The meeting between the federal government and organised labour, convened at the ministry of labour in Abuja,...

General News2 days ago

Ebola: No evidence of community spread in Nigeria — FG

By Our Correspondent In a bid to state the true situation of Ebola spread in the country,Federal Government has declared...

Uncategorized2 days ago

Benue Massacre: Death Toll Hits 113 ..As Senate demands FG’s Intervention

By George Mgbeleke The Senate has condemned the killing of 113 persons, including six mobile police officers, in a series...

General News2 days ago

Lagos-Calabar Coastal Highway: My Disagreement With Umahi – Diri *Says Duke A Jester, So-Called National Champion Without Base

By David Owei Governor of Bayelsa State, Senator Douye Diri, on Thursday, revealed his disagreement with the Minister of Works,...

Uncategorized2 days ago

HURIWA Condemns Killing of Passengers in Sokoto, Demands Intelligence-Led Security Operations

By George Mgbeleke The Human Rights Writers Association of Nigeria (HURIWA) has condemned the reported killing of passengers by armed...

Trending