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WACT, A.P. Moller Begin Direct Shipping to Onne Port

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Onne Port

By Adedapo Adesanya

West African Container Terminal (WACT) in collaboration with A.P. Moller Terminals, Nigeria have launched direct shipping to Onne Port as part of continued efforts to ease shipping with Europe and Asia.

The new weekly shipping service that will ease trade by linking Europe directly to Onne Port in Rivers State with the deployment of the Europe Afrique 4 (EURAF4) vessel began last week.

The service was inaugurated at Onne Port with the arrival of the containership MV LETO. EURAF4 aims to enhance connectivity, improve transit times, and provide comprehensive cargo-handling solutions for Nigeria’s trade with Europe and Asia.

The introduction of EURAF4 is a response to the increasing demand for efficient and reliable shipping solutions.

The new service will enable Nigerian importers and exporters to benefit from streamlined logistics, cost reductions, and enhanced supply chain efficiency.

Speaking on this, Mr Frederik Klinke, CEO of APM Terminals Nigeria, described the launch as a testament to the trust placed in WACT-APM Terminals and the strength of the Nigerian economy.

He also praised the Nigerian Ports Authority (NPA), Nigeria Customs Service (NCS), and other stakeholders for their role in launching the service and successfully berthing MV LETO.

“This launch is a strong vote of confidence from CMA CGM in the world-class capabilities WACT-APM Terminals has developed over the years. We have invested over $115 million in upgrading the terminal with Mobile Harbour Cranes, Rubber-Tired Gantry Cranes, an expanded yard, and cutting-edge IT infrastructure,” he stated.

He reassured all stakeholders of WACT-APM Terminals’ unwavering commitment to high-quality service delivery.

“We are fully committed to servicing your business at the highest level. More importantly, we have the capacity to support your growth in the East Nigerian market. This milestone not only strengthens international business confidence but also encourages shipping lines to inject additional capacity into the region. With these enhanced capabilities, we anticipate increased trade volumes, which will, in turn, drive further economic growth in Eastern Nigeria,” Mr Klinke added.

According to the Head of Operations of WACT-APM Terminals Nigeria, Mr Fanick Atchai, reinforced this commitment, stating, “Our promise is simple: we commit to excellent service delivery for all our customers. With the best people, processes, and equipment in place, we ensure reduced port stay, safe operations, and top-notch cargo handling.”

Managing Director of CMA CGM Nigeria, Mr Hinelder Ferreira, also praised all stakeholders at the port for the successful berthing of MV LETO.

“Today, with the arrival of MV LETO, we mark the first call for the EURAF4 service, demonstrating our unwavering commitment to the Eastern port. As a group, we pledge to enhance service quality, reduce transit times, and ensure competitive rates. This service will significantly improve connectivity between Europe, Asia, and Onne, strengthening both import and export trade routes,” Mr Ferreira said.

The Port Manager of Onne Port, Mr Raymond Abdulraham, described the new service as a significant milestone for the port.

“The more vessels we have, the more revenue we generate forthe country. The arrival of MV LETO is a proud moment for Onne Port, and we are delighted to receive her,” he said.

Customs Area Controller, Area 2 Command, Comptroller Mohammed Babandede, who was represented at the launch by Assistant Comptroller Martin Okpokpo, also commended WACT-APM Terminals and CMA CGM for their role in expanding shipping services and facilitating trade at the port.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Court Orders SERAP to Pay DSS Operatives N100m For Defamation

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serap dss

By Adedapo Adesanya

Justice Halilu Yusuf of the Federal Capital Territory High Court, Abuja, has awarded N100 million in damages against the Incorporated Trustees of the Socio-Economic Rights and Accountability Project (SERAP).

In his judgment, Justice Yusuf held that two operatives of the Department of State Services (DSS) were right to institute a defamation suit against SERAP.

In the suit, filed in the names of the two DSS officials, Ms Sarah John and Mr Gabriel Ogundele, the claimants accused SERAP of making a false allegation that they invaded its office in Abuja on September 9, 2024.

The court also ordered the organisation to tender a public apology to the two operatives, to be published in two national newspapers and broadcast on two television stations.

In addition, the court awarded N1 million against SERAP as the cost of litigation.

The judgment further stipulated a 10 per cent interest on the damages until the sum is fully paid.

The case follows a dispute that began in September 2024 when SERAP alleged that DSS officers “unlawfully invaded” its Abuja office.

In a post on its X account, the group said, “Officers from Nigeria’s State Security Service are presently unlawfully occupying SERAP’s office in Abuja, asking to see our directors.”

It added, “President Bola Tinubu must immediately direct the SSS to end the harassment, intimidation, and attack on the rights of Nigerians.”

The DSS, however, denied the claims.

It said the visit by its officers was routine and meant to engage the organisation’s new leadership.

The officers later sued, insisting that “no invasion occurred” and that the claims damaged their reputation and led to disciplinary action.

However, SERAP maintained its position.

In a later statement, it said, “We stand by our statements of defence and statements on oath,” insisting that DSS officers “unlawfully invaded our Abuja office.”

During court proceedings, witnesses reportedly said no physical assault took place.

SERAP’s Deputy Director, Mr Kolawole Oluwadare, told the court the claims were based on information from a staff member.

Counsel to the DSS officers, Mr Oluwagbemileke Kehinde, urged the court to grant all reliefs, arguing that the claimants had “substantially proved their case.”

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UK Court Freezes Nigerian Oil Trader’s Global Assets Over $40m Debt

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Abdulrahman Musa Bashar

By Adedapo Adesanya

A court in the United Kingdom has taken sweeping action against a Nigerian oil trader, Mr Abdulrahman Musa Bashar, freezing his assets worldwide in a bid to secure repayment of a long-running debt dispute tied to failed fuel transactions.

The order, issued by the High Court in London, prevents Mr Bashar and his firm, Ultimate Oil and Gas FZCO, from selling, transferring, or otherwise dealing with assets across multiple jurisdictions, including Nigeria, the United Arab Emirates, the United Kingdom, and France. The restriction applies up to the value of the outstanding liability, with disclosed holdings estimated at nearly $170 million.

According to Business Day, the dispute traces back to oil trading agreements between 2022 and 2023, when Dubai-based Petrichor Energy supplied gasoil and Jet-A1 aviation fuel to Ultimate.

Court filings indicate that while deliveries were completed, payments were inconsistent and ultimately fell short, leaving the supplier to pursue legal and arbitration routes to recover its funds.

In an attempt to resolve the matter, Mr Bashar entered a personal repayment agreement in early 2024, backing the company’s obligations with his own guarantee.

He also issued a series of signed cheques as security. However, these measures failed to yield results, as the debt remained unsettled and the cheques were rejected upon presentation.

The court’s decision to impose a global freeze was influenced by what it described as troubling conduct during the dispute. Evidence suggested that assets were being sold without proceeds going toward the debt, alongside concerns that not all holdings had been fully disclosed.

The newspaper reported that testimony also pointed to an alleged warning from Mr Bashar that he might move assets out of reach if negotiations broke down, an assertion the court treated as a credible risk of asset dissipation.

The ruling adds to a growing list of legal challenges facing the businessman. He has previously been sanctioned by English courts for failing to comply with orders in a separate commercial dispute, and was also convicted in Dubai, the UAE, in a different cheque-related case.

With the freezing order now active, Petrichor has expanded its recovery efforts beyond the UK, initiating enforcement actions in both the UAE and Nigeria.

The move aims to block any pathways through which assets could be shielded, while also enabling seizure or control where legally permitted.

In a further escalation, the English court has directed two Nigerian-linked companies associated with Mr Bashar to grant access to a Delta State storage facility, allowing the creditor to recover fuel cargoes tied to the unpaid transactions. Failure to comply could trigger additional legal consequences, including contempt proceedings.

Despite ongoing attempts by Mr Bashar and his company to overturn the freezing order, the court has so far declined to lift the restrictions, leaving the enforcement process firmly in motion.

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IFC, Norfund Back Nigeria’s Mini-Grid Expansion with $83.2m Funding

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Mini Grids Programme

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.

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