Headlines
Alleged N1.4bn oil fraud: Counsel to Nadabo Energy stalls proceedings

Owolola Adebola
The ongoing trial of Abubakar Ali Peters and his company, Nadabo Energy Limited, for alleged N1.4billion fraud, before Justice C.A. Balogun of the Lagos State High Court sitting in Ikeja, Lagos was, again, stalled on Tuesday, March 1, 2022. This followed the submission of the counsel for the defendant, E.O. Isiramen, who told the Court that the defence was not ready to continue with the cross-examination of the fifth prosecution witness, PW5, Abdulrasheed Bawa, Chairman of the Economic and Financial Crimes Commission, (EFCC) The EFCC is prosecuting Abubakar and his company on a 27-count charge for allegedly using forged documents to obtain the sum of N1,464,961,978.24 from the Federal Government as oil subsidy, after allegedly inflating the quantity of Premium Motor Spirit, (PMS) purportedly imported and supplied by the company. One of the counts reads: “Nadabo Energy Limited and Abubakar Ali Peters, on or about the 3rd day of April 2012 at Lagos, within the Lagos Judicial Division, with intent to defraud, fraudulently obtained the sum of N978,401,732.09 (Nine Hundred and Seventy-eight Million Four Hundred and One Thousand Seven Hundred and Thirty-two Naira Nine Kobo) from the Federal Government of Nigeria by falsely claiming that the sum represented subsidy accrued to Nadabo Energy Limited under the Petroleum Support Fund for the importation of 19,488,992 litres of Premium Motor Spirit (PMS), which Nadabo Energy Limited purported to have purchased from Ashland SA Geneva Switzerland, and transported the 19,488,992 litres of PMS through MT American Express (Mother Vessel) and MT. St. Vanessa (Daughter Vessel) to Nigeria, whereas Nadabo Energy Limited only imported 6,505,140.04 litres of PMS to Nigeria through MT Evridiki (Mother Vessel) and MT St Vanessa (Daughter Vessel).” Another count reads: “Nadabo Energy Limited and Abubakar Ali Peters, on or about the 25th day of October 2011 at Lagos, within the Lagos Judicial Division, with intent to defraud and in order to facilitate your obtaining money by false pretence from the Federal Government of Nigeria under the Petroleum Support Fund (PSF) forged a document titled: Certificate of Marine Insurance no. 0047851 and purported the Marine Insurance certificate to have been issued by Staco Insurance Plc to Nadabo Energy Limited.” Isiramen had, on December 20, 2021, begun the cross-examination of the witness. He had further cross-examined the witness on January 25, 2022. However, at Tuesday’s proceedings, which was meant for the continuation of cross-examination, Isiramen told the Court that he would not be able to continue. He hinged his inability to continue with the cross-examination on the argument that the defence was yet to receive a Certified True Copy (CTC) of the court’s records of proceedings. “We had applied for the certified copy of the proceedings, but we are yet to receive same,” he added. The Judge, who expressed surprise at the argument of the defence counsel, stated that the records of proceedings had already been prepared and that no certification was required since they were needed only for cross-examination of the witness. The Judge further noted that since the court’s file was a public document, the defence could also easily have requested it from the court’s Registrar and read it for the cross-examination, instead of asking for a certified true copy. The Judge said: “The file is always there, and the records have already been printed out. Expressing concerns about the inability of the case to go on, the Judge noted that other cases were, in fact, vacated in order for the matter to go on. “I didn’t want anything to disturb the proceedings and I don’t like what is going on here. “You don’t use a thing like this to stall proceedings, “ the Judge added. While adjourning till March 29, 30 and 31, 2022, the Judge held that: “I shall concede to the request made by the defendant’s counsel for the last time to proceed with the cross-examination of the prosecution’s witness. “The record of proceedings already printed out should be handed over to the defence counsel for the purpose of cross-examination.” |
Headlines
NIMASA flaunts automation process of Nigerian ship registry at 2- day webinar with stakeholders

Funso OLOJO Editor
The Nigerian Maritime Administration and Safety Agency (NIMASA) will host a two-part stakeholder webinar on October 6 and 8, 2026, to showcase the ongoing automation of the Nigerian Ship Registry as part of efforts to modernise ship registration services and enhance the competitiveness of the Nigerian flag.
The webinars will provide shipowners, operators, maritime professionals, financial institutions, insurers and other stakeholders with insights into the new digital registration platform and its potential to significantly improve the speed, transparency and efficiency of ship registration and related services.
The automated system is designed to enable 24/7 access to registration services, streamline application and approval processes, and facilitate faster issuance of electronic certificates, thereby reducing administrative delays associated with conventional paper-based procedures.
A key feature of the platform is its capacity to provide secure, real-time tracking of ship mortgages and related registry transactions. This will strengthen transparency and provide greater visibility for stakeholders, including financial institutions and other parties involved in vessel financing.
The automation initiative is also expected to make interaction with the Nigerian Ship Registry more seamless for local and international shipowners, while improving the Agency’s ability to deliver efficient, responsive and globally competitive flag-state services.
Speaking on the initiative, the Director-General/Chief Executive Officer of NIMASA, Dr Dayo Mobereola, said the automation of the Ship Registry was part of the Agency’s broader commitment to transforming the Nigerian flag and creating an enabling environment for increased participation in the global shipping industry.
“The automation of the Nigerian Ship Registry represents a significant step in our commitment to providing efficient, transparent and globally competitive services to shipowners and other maritime stakeholders.
“Our objective is to make the Nigerian flag more accessible, responsive and attractive through technology-driven processes that meet international standards,” Mobereola declared.
The ongoing user-testing phase is focused on validating the platform’s functionality, security and user experience ahead of its official deployment.
NIMASA said the webinars would also provide an opportunity for stakeholders to understand the platform, experience its key features and provide feedback as the Agency moves towards full implementation.
The Agency is inviting shipowners, ship managers, maritime professionals, financial institutions, insurers, legal practitioners, classification societies and other interested stakeholders to participate in the webinars.
Headlines
NRC joins global community to celebrate customers’ loyalty

Funso OLOJO, Editor
For the first time in its 128 years of existence, the Nigerian Railway Corporation(NRC) joins the global community to commemorate 2026 Customer Service Week from October 5 to 9, with a renewed commitment to putting passengers at the centre of its operations.
The week, being celebrated under the theme, “The Extra Mile,” marks a significant milestone for the 128-year-old Corporation, which is observing Customer Service Week for the first time in its history.
For the NRC, the celebration goes beyond appreciating its passengers. It is also an opportunity to recognise employees who have demonstrated exceptional commitment to service delivery while reinforcing a culture of customer-centricity across the Corporation.
The initiative is in line with the vision of the Managing Director of the NRC, Dr. Kayode Opeifa, who has consistently emphasised the need to place passengers at the heart of the Corporation’s operations and improve their overall travel experience.
Opeifa said the experiences of the Corporation in recent times had further underscored the importance of listening to customers and responding more effectively to their needs.
“Customers are at the heart of everything we do. Their feedback, trust and partnership challenge us to keep improving and delivering value every day.
“Customer Service Week is an opportunity to recognise that relationship and remind ourselves that great service must go beyond expectations,” he said.
According to the NRC, the theme, “The Extra Mile,” reflects the changing expectations of modern train passengers and the need for service providers to go beyond routine obligations.
Going the extra mile, the Corporation noted, could mean listening more attentively to passengers, resolving complaints more quickly, providing clearer and timely information, anticipating customer needs, simplifying processes or demonstrating empathy when it matters most.
The NRC said the commitment would apply across all its operational areas nationwide, with emphasis on providing passengers with a consistent, responsive and dependable experience regardless of where or how they interact with the Corporation.
The Corporation also pledged to strengthen its customer-feedback mechanisms and establish a closer link between passenger insights and continuous improvements in service delivery.
It said its objective was to ensure that exceptional customer service becomes an everyday practice rather than an activity reserved for Customer Service Week.
“Every interaction presents an opportunity to listen better, respond faster, show genuine care and create greater value for our customers,” the Corporation stated.
For the NRC, therefore, “The Extra Mile” is more than a theme for a week-long celebration. It represents a commitment to making every passenger interaction count and ensuring that customers enjoy a safer, more responsive and rewarding experience throughout their journey on Nigerian trains.
Commentaries
Our Oceans, Our Wealth: The real benefits of new fishing port

Monday Discourse with Nasiru Ibrahim
Nigeria has a very long coastline, but we have ignored our oceans for decades. Our major sea gateways, from Apapa to Port Harcourt, are mostly built to handle crude oil exports and heavy manufacturing containers.
Meanwhile, the local fishing industry—which has the capacity to feed the entire nation and create vast wealth—has been left to survive entirely on its own.
This is why the recent announcement by the Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, makes a lot of sense.
Speaking through a representative at the National Conference on Sustainable Fishing in Lagos, the NPA boss stated that Nigeria plans to build a specialized fishing port to finally harness the true value of our ocean resources.
As the country tries to grow its marine and blue economy, this move is completely long overdue.
For a very long time, Nigeria has suffered from an intense oil blindness, focusing all investments on petroleum while ignoring the massive economic potential floating right on our waters.
Right now, our deep seas are teeming with valuable fish, but because we lack proper docks, specialized marine structures, and secure landing sites for large fishing vessels, foreign ships enter our territory and steal our marine resources every single year.
A dedicated fishing port will change this entirely. It will give our local operators and commercial fishing trawlers a safe, modern, and legally protected base to harvest, dock, and process their catch.
Instead of letting foreign poachers dominate our waters, a specialized port ensures that Nigeria profits directly from its own geographical blessings.
We cannot talk about maritime infrastructure without looking at the kitchen table, especially since the average Nigerian family is facing a massive food crisis.
Severe inflation has turned basic proteins like fish and beef into luxury items that ordinary people can no longer afford.
A specialized fishing port will help fix this supply chain problem. The NPA’s plan involves creating dedicated fish terminals equipped with modern cold-room facilities, meaning local fishermen can preserve their catch immediately without it spoiling on the high seas.
When fish can be safely stored and transported into local markets without rotting, the overall supply goes up. When supply goes up, the price goes down, helping ordinary citizens put affordable protein back on their dining tables.
Furthermore, a modern fishing port is much more than just a place to park boats; it is a full-scale industrial business hub.
Building a specialized facility will spark immediate economic activity along our coastlines, naturally attracting seafood processing factories, boat repair yards, ice-making companies, and specialized transport networks.
This infrastructure will create thousands of genuine jobs for young people, refrigeration technicians, boat mechanics, and market women who dominate the local seafood trade. It bridges the gap between rural, traditional fishing and modern, industrial maritime commerce, bringing life back to struggling coastal communities.
The NPA has presented a great vision, and using a Public-Private Partnership model to fund it is a smart strategy.
But as Nigerians, we know our main problem is never a shortage of good plans—it is making those plans actually happen on the ground.
If this fishing port is going to transform our economy, the government must move quickly from conference papers to physical construction. We need to see real investments start on our coastlines.
Utilizing our ocean resources is one of the smartest ways to build a country that does not rely solely on oil. It is time to stop looking at our waters as just shipping lanes, and start treating them as the goldmines they really are.
Ibrahim Nasiru, a public affairs analyst, writes from Abuja.
Customs2 months agoCustoms releases final recruitment list for ASC II, ends nearly one-year wait for applicants
Headlines3 months agoAs NRC recovers ₦200m stolen railway assets, Opeifa vows diligent prosecution of suspects
Customs3 months agoCustoms launches MIS file tracker at PTML in fresh digitalisation drive
Customs2 months agoApapa Customs sets new record of monthly revenue haul with ₦323bn collection in July
Customs2 months agoApapa Customs sets new single-day revenue record with ₦28.1bn collection
Headlines1 month agoOyetola presents three-year score card as blue economy industry revenue hits ₦1.83trn







