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He said that since an appeal has been filed, a lawyer is restrained from re-litigating, especially having not withdrawn that appeal.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
IFC, Norfund Back Nigeria’s Mini-Grid Expansion with $83.2m Funding
By Adedapo Adesanya
The World Bank’s financing arm, the International Finance Corporation (IFC), and the Norwegian investment fund (Norfund) have committed up to $83.2 million to expand solar hybrid mini-grids across Nigeria, in a move expected to connect nearly half a million new users to electricity.
The funding will support five renewable energy companies, Darway Coast Nigeria Limited, GVE Projects Limited, Prado Power Limited, PriVida Power Limited and StarTimes Energy, to build 315 mini-grid sites across underserved communities.
The projects are projected to deliver about 494,189 new electricity connections. Renewable energy solutions
IFC says the intervention is aimed at closing Nigeria’s massive electricity gap, noting that more than 85 million people in the country still live without access to power.
The institution said expanding distributed renewable energy will not only improve electricity access but also cut energy costs and support small businesses in rural areas.
According to IFC, “By supporting distributed renewable energy solutions, this initiative will help expand access to reliable electricity while reducing energy costs, strengthening local economies, and enabling income-generating activities.”
For operators already working in the sector, the new funding is expected to speed up expansion plans.
The chief executive of Darway Coast Nigeria Limited, Mr Henry Ureh, said the support will allow companies to scale faster and reach more communities that have remained off the national grid for years.
“Access to reliable electricity allows us to expand our operations, support local businesses, and create jobs in the communities we serve,” he said.
Nigeria’s off-grid power space has been growing steadily, but access remains uneven. Data from the Africa Solar Industry Association shows that the country currently has over 4.8 gigawatts of installed solar capacity, but only about 115 megawatts come from mini-grids serving rural communities.
The IFC has been one of the biggest institutional backers of this segment. Last year, it announced a separate $16 million financing package for Nigerian developer Virtuitis to build 97 mini-grids expected to serve over 140,000 off-grid consumers by 2027, showing a steady increase in international interest in decentralised power solutions.
With grid supply still unreliable in many parts of the country, mini-grids are increasingly becoming the most practical solution for rural electrification as they supply adequate but limited power for limited power consumption.
For many communities, the impact goes beyond electricity. Reliable power is expected to support trading activities, agro-processing, small manufacturing and education, all of which have struggled under years of unstable supply. But operators also warn that sustained policy support and stable regulation will be key to scaling beyond pilot-level projects.
As deployment begins across the 315 sites, observers are keen on understanding how quickly these projects can move from funding to actual connections to where they are needed.
General
Oyo Introduces Daily Environmental Sanitation
By Aduragbemi Omiyale
As part of efforts to ensure a cleaner and healthier environment, a daily environmental sanitation monitoring and enforcement system has been introduced by the Oyo State government.
At a press briefing to mark his first 100 days in office, the Commissioner for Environment and Natural Resources, Mr Ademola Aderinto, explained that the government has shifted from the traditional monthly environmental sanitation exercise to a more proactive system that encourages residents to take responsibility for maintaining cleanliness on a daily basis.
He noted that this approach is being reinforced by continuous monitoring and enforcement by environmental health officers
“We are now enforcing daily environmental sanitation. Our officers are on the field every day to ensure compliance, and cleanliness must become a daily responsibility,” he stated.
According to him, to strengthen operations, the government has re-engaged 930 Environmental Vanguards, sweepers, and waste packers, while also procuring two brand new compactor trucks with the support of Governor Seyi Makinde to enhance waste evacuation.
Highlighting the ministry’s achievements, the Commissioner said the ministry has expanded its impact through strategic workforce deployment and innovation, adding that the 930 Environmental Personnel has been structured to improve enforcement and sanitation coverage.
Mr Aderinto hinted that with sweepers now operating twice daily to ensure cleaner roads across the state, while also benefiting from enrolment in the Oyo State Health Insurance Scheme.
The ministry also launched the Oyo Soro Soke (Oyo SSS) Environmental Whistleblower platform accessible via mobile applications and WhatsApp, empowering residents to report environmental violations and promote community participation in environmental governance.
In addition, the ministry strengthened operational capacity by introducing a first-of-its-kind waste segregation system across government offices, and initiated Public-Private Partnerships for the construction of modern public toilets.
The Commissioner expressed gratitude to the Governor for the opportunity to serve, assuring that the confidence reposed in him will not be misplaced, also appreciating members of the Executive Council for their strong inter-ministerial collaboration, as well as the Permanent Secretary, Dr Sunday Ojelabi, for his support.
Highlighting other achievements, he noted improved media engagement by the Ministry, with regular press briefings and public advisories on issues such as flooding, heat waves, cholera, and Lassa fever.
The Commissioner added that the Ministry has regulated charcoal production through a structured framework, commemorated World Earth Day with tree planting, intensified efforts to end open defecation, and strengthened interventions against diseases through inspections and environmental monitoring.
Reaffirming his commitment, Mr Aderinto assured residents that the Ministry will sustain and build on these gains, saying, “The future of our environment in Oyo State is bright. What we have achieved in 100 days is only the beginning.”
General
Petrol Station Owners Urge Domestic Gas Utilisation
By Adedapo Adesanya
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has urged the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to prioritise policies that promote domestic gas utilisation.
The association recommended that NUPRC strengthen measures to ensure price stability and long-term energy security for Nigerians, as indicated in a statement by its national public relations officer, Mr Joseph Obele.
The call comes alongside PETROAN’s commendation of the choice of Mr Magnus Abe as NUPRC Board chairman.
PETROAN national president, Dr Billy Gillis-Harry, cited Mr Abe’s prior roles as a National Assembly lawmaker, Secretary to the Rivers State Government, and former board member of the Nigerian National Petroleum Company (NNPC) Limited, meaning he has extensive knowledge of Nigeria’s oil and gas sector and its operational dynamics.
PETROAN also lauded NUPRC’s collaboration with the Nigeria LNG Limited (NLNG), which has committed 100 per cent of its LPG production to the domestic market.
Mr Gillis-Harry projected that this would reduce cooking gas prices and other gas-based products soon.
The association highlighted NUPRC’s efforts to remove regulatory bottlenecks, improve ease of doing business, and sustain stakeholder engagement to meet rising domestic gas demand and shield the market from global volatility.
PETROAN emphasises that a stable upstream sector will have far-reaching benefits across the petroleum value chain, including enhanced product availability, reduced energy costs, job creation, and overall economic growth, stating it would support policies and reforms in Nigeria’s petroleum industry.
Other PETROAN recommendations included sustaining regulatory reforms, accelerating gas infrastructure and distribution networks to ensure efficient delivery of gas to end-users nationwide; continuous and structured stakeholder engagement to promote transparency, policy consistency, and industry-wide collaboration; and maintaining structured stakeholder engagement.
It also urged collaborating with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to activate government-owned refineries, expressing confidence in Abe’s leadership and reiterated its support for policies fostering a competitive and transparent petroleum industry.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
