General
Court Dismisses Detained Binance Executive Bail Appeal
By Adedapo Adesanya
Justice Emeka Nwite of the Federal High Court in Abuja has rejected the fresh bail application by detained Binance executive, Mr Tigran Gambaryan.
The judge made the decision during his ruling on Friday, October 11, 2024.
On September 4, 2024, the Abuja court heard arguments regarding Mr Gambaryan’s new bail application between his lawyer, Mr Mark Mordi and the counsel for the Economic and Financial Crimes Commission (EFCC), Mr Ekele Iheanacho.
It was argued that Mr Gambaryan refused prescribed medications and food when attended to by a neurosurgeon in July 2024.
The EFCC submitted evidence and countered health claims made by the family and legal team of the detained executive, who is facing money laundering charges in Nigeria.
The EFCC also countered the health condition that Gambaryan can no longer walk due to a health condition involving a disk issue.
Mr Mordi applied for the court to admit the defendant to bail on liberal terms, or alternatively, to admit him to bail for six weeks on the basis of ill health.
He argued that the EFCC purportedly denied the defendant has a serious health issue, but exhibits, including the medical reports, show he needs medical care, citing strongly recommended surgery for his client.
He submitted that the defendant’s health challenges cannot be adequately managed in Nigeria.
The EFCC counsel, Mr Iheanacho urged the court to dismiss the fresh bail application, stating that Mr Gambaryan had filed an appeal against the first bail request that was rejected by the court.
He explained that the National Security Adviser (NSA) wrote to the Correctional Services requesting the defendant’s medical records.
He added that a response from the Correctional Center was received by the NSA on August 29, 2024, along with a report from Nizamiye Hospital, among others.
Judge Nwite on Friday held that it is not in dispute that Mr Gambaryan’s first bail application, which concerns health, has been appealed.
He stated that the current bail application amounts to an abuse of the court process because Gambaryan has a pending appeal against the refusal of the first bail.
He added that there are no new facts in the fresh bail application regarding medical care, as the EFCC has shown that Nigerian authorities and hospitals are capable of treating Gambaryan.
He said that since an appeal has been filed, a lawyer is restrained from re-litigating, especially having not withdrawn that appeal.
“On this leg alone, this bail application is bound to fail,” he said.
Furthermore, Mr Nwite claimed that renowned Nigerian medical experts are already managing Mr Gambaryan’s health.
However, the court ordered the Nigerian Correctional Service to refer Mr Gambaryan to any standard hospital in Abuja under security supervision.
General
Dangote Unveils Phone Number to Report MRS Stations Selling PMS Above N739
By Modupe Gbadeyanka
A hotline number, 0800 123 5264, for Nigerians to report any MRS Oil Nigeria Plc filling stations selling Premium Motor Spirit (PMS), commonly known as petrol, above the approved pump price of N739 per litre, has been released by Dangote Petroleum Refinery.
The private refiner said the number was now active nationwide, enabling consumers to promptly report violations and help maintain fair pricing across over 2,000 MRS stations.
This measure follows the refinery’s recent commencement of nationwide PMS sales at N739 per litre—a strategic intervention aimed at stabilising fuel prices and easing the financial burden on Nigerians during the festive season.
“We encourage Nigerians to avoid purchasing PMS at inflated prices when locally refined fuel is available at N739 per litre.
“Report any MRS station selling above this price by calling our hotline. Together, we can ensure that the benefits of this price reduction reach every consumer,” the company stated in a statement.
The organisation stressed its mission to deliver affordable, high-quality fuel while safeguarding national economic interests, reaffirming its commitment to steady supply, backed by a guaranteed daily output of 50 million litres, and warned against attempts to create artificial scarcity or manipulate supply.
Regulatory authorities have been urged to remain vigilant and take decisive action against unpatriotic practices.
By refining locally at scale, Dangote Refinery is reducing Nigeria’s dependence on imports, conserving foreign exchange, stabilising the Naira, and strengthening energy security. This initiative represents a significant milestone in the country’s journey toward sustainable energy solutions and economic recovery.
The refinery also issued a stern warning against attempts by unscrupulous operators to create artificial scarcity in response to the price reduction, calling on government agencies to act decisively.
“Any attempt to create artificial scarcity or manipulate supply to frustrate recent price reductions is unpatriotic and unacceptable. We urge regulatory authorities to remain vigilant and take firm action against such practices, especially during this critical festive period,” the statement added.
Consumers were advised to resist purchasing fuel at inflated prices when cheaper, high-quality alternatives are readily available.
General
ANLCA Airport Chapter Scores Salamatu High on Stakeholder Engagement, Trade Facilitation
By Bon Peters
The Airport Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA) at Omagwa Rivers State has praised the Customs Area Controller for Customs Area 1 Command, Comptroller Salamatu Atuluku.
At the end-of-the-year party attended by stakeholders, including the leader of the association’s chapter, Mr Charles Onyema, said the customs officer has done well in stakeholder engagement and trade facilitation.
At the event held last Friday, he said his association has been enjoying a very cordial relationship with other organisation in the ecosystem.
“You can see what is happening today, everybody is working together and our operations here are seamless,” he noted.
He stated that apart from creating a very robust business environment for his members and other stakeholders to operate, he has taken a decision to build and commission a befitting ANLCA Secretariat which would be completed soon and be commissioned by the ANLCA national president, Mr Emenike Nwokeoji.
The ANLCA chapter chief said since “Comptroller Salamatu Atuluku assumed office at Customs Area 1, Port Harcourt Command, it has been a different ball game, facilitating trade and increasing Revenue generation.”
“I remember I told her she was a mother during her maiden visit to the airport.
“You know when you have a woman in charge of an affair, food will not lack, compassion will not lack and motherly love will not lack.
“She is very wonderful in stakeholder engagement, revenue generation and trade facilitation,” Mr Onyema enthused.
Projecting into the future, Mr. Onyema said the year 2026 would be better for his members, adding that he has advised them on financial discipline which he said would help them during the trying period.
General
FG Declares Holidays for Christmas, New Year Celebrations
By Adedapo Adesanya
The federal government has declared Thursday, December 25, and Friday, December 26, 2025, as public holidays to mark Christmas and Boxing Day respectively.
The government also declared Thursday, January 1, 2026, for the New Year celebration.
The declaration was contained in a statement issued on Monday by the Permanent Secretary of the Ministry of Interior, Mrs Magdalene Ajani, on behalf of the Minister of Interior, Mr Olubunmi Tunji-Ojo.
According to the statement, the Minister urged Nigerians to reflect on the values of love, peace, humility and sacrifice associated with the birth of Jesus Christ.
Mr Tunji-Ojo also called on citizens, irrespective of faith or ethnicity, to use the festive season to pray for peace, improved security and national progress.
He further advised Nigerians to remain law-abiding and security-conscious during the celebrations, while wishing them a Merry Christmas and a prosperous New Year.
Business Post reports that on these public holidays – the foreign exchange market, the Nigerian Exchange (NGX), as well as the NASD Over-the-Counter (OTC) Securities Exchange will not open to trade.
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